May 8, 2026 — San Lorenzo Gold Corp (TSXV: SLG) shares surged 64% to $5.01, on volume of nearly 1.3 million shares Friday. The gold and copper project developer reported additional assay results at the Arco de Oro target on its Salvadora property in Chile.
The results, from holes 9 and 10, included 102.3 metres (m) of 1.33 grams per tonne (g/t) gold. The company noted the holes were a step out of 3.9 kilometres from previous drilling at Arco de Oro. San Lorenzo Gold added that this northwest extension of the trend returned intercepts in “porphyry style mineralization”.
The company believes they are penetrating the upper layers of a gold-rich mineralized porphyry copper-gold system.
San Lorenzo’s CEO commented, saying a “meaningful portion” of the assays from Hole 10 are pending at depths where “significant” intercepted were reported Hole 9. He added that these results from the northwest extension “show much larger scale potential than we had previously considered”.
Previous drill results included 153.5m of 1.04 g/t gold from the maiden (discovery) hole at Cerro Blanco.
Shares of San Lorenzo Gold have gained more than 137% since we first wrote about this company in January. At the time, we thought they could be sitting on a big, big resource.
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