Chile Gold Explorer Hits 12.80 g/t at 2 km Salvadora Corridor

Source: Streetwise Reports 09/21/2026

San Lorenzo Gold identifies a 2 km gold-bearing corridor at Salvadora in Chile with samples up to 12.80 g/t. New IP data expands San Juan targets as drilling advances at Cerro Blanco.

On September 17, 2026, San Lorenzo Gold Corp. (SLG:TSXV; SNLGF:OTCQB) provided an exploration update from its 11,962-hectare Salvadora project in Chile’s Atacama region, reporting the identification of an approximately 2 km gold-bearing structural corridor at Quebrada Salada. Reconnaissance samples returned gold values of up to 12.80 g/t along multiple subparallel felsic dykes and iron oxide-quartz vein zones.

These results matter right now because gold prices remain elevated near US$4,383 per ounce after earlier peaks above US$5,500. Retail investors are watching for junior explorers that can demonstrate tangible progress on multiple targets while metal prices support continued spending.

Why San Lorenzo Holds a Strong Position at Salvadora

The company benefits from a decade of accumulated geophysical data across roughly 18 km of the property.

This history allows San Lorenzo to integrate new induced polarization surveys with existing information and build a three-dimensional model that improves drill targeting.

Key Assets and Next Catalysts at Salvadora

At the San Juan discovery, new IP lines D10 and D11 have been added to earlier lines D8 and D9. The expanded data set reveals sizeable chargeability responses, including a broad anomaly on line D9 located about 500 m from the D8 discovery area. Previous drilling returned intervals such as 102.3 m grading 1.33 g/t Au and 52.6 m grading 1.67 g/t Au. Systematic stepout drilling is now planned to test undrilled ground between these lines.

At Cerro Blanco, drilling has started under a permitted 20-pad program to follow up earlier intercepts that included a 153.5 m interval grading 1.04 g/t Au. Additional targets such as Maria Teresa and Caballo Muerto are slated for later 2026 work with separate rigs.

Broader Sector Timing Supports Exploration

Gold prices are up 18% compared to September 2025 despite recent volatility. Gold.org noted that catalysts such as lower interest-rate expectations or renewed geopolitical tension could push prices toward US$4,500/oz or higher.

On September 18, 2026, Trading Economics reported gold trading near US$4,383 per ounce, while the World Bank projected a 17% rise in its metals and minerals price index for 2026, according to Brian Taylor of Recycling Today.

Views and Valuation Context

Analyst Patrick Streater of Argonaut reiterated a “Speculative Buy” rating and raised the price target to CA$14.90, highlighting that the scale potential of San Juan is impressive. Streater added that SLG remains the firm’s highest conviction early-stage gold play.

Robert Sinn of Goldfinger noted the stock’s recent consolidation and breakout on news. [OWNERSHIP_CHART-11629]

Share Structure and Near-Term Events¹

San Lorenzo Gold Corp. has a market cap of CA$788.40 million with 109.34 million shares outstanding. The 52-week range is CA$0.48-CA$7.50. Institutions hold 1.78% of shares, management and insiders own 16.09%, and retail investors hold the remaining 82.13%.

According to the company’s 2026 exploration plans, a fully permitted 20-hole drill program is underway at Cerro Blanco, while additional drilling is planned at the San Juan area.

Key Investor Takeaways

• San Lorenzo has outlined a 2 km gold-bearing corridor at Quebrada Salada with surface samples reaching 12.80 g/t Au.
• New IP survey lines at San Juan reveal additional chargeability anomalies that support stepout drilling.
• A 3-D geophysical model is being compiled from ten years of data to prioritize targets across the 11,962-hectare Salvadora property.
• Drilling is active at Cerro Blanco while further programs are planned for Maria Teresa and Caballo Muerto in 2026.
• Gold prices remain supportive for exploration budgets, and analyst Patrick Streater raised the price target to CA$14.90 with a Speculative Buy rating.

Common Questions from Investors

Q: What is induced polarization surveying?
A: Induced polarization is a geophysical method that measures how rocks respond to electrical current, helping identify zones that may contain sulphide minerals associated with gold or copper.

Q: Why are the Quebrada Salada samples considered early stage?
A: The samples are selective reconnaissance grabs and may not reflect average grade or continuity. Additional mapping and geophysics are required to test for a larger system at depth.

Q: What does stepout drilling aim to achieve?
A: Stepout drilling tests areas beyond known intercepts to determine whether mineralization extends farther and to help define its overall size.

Q: How large is the Salvadora property?
A: The project covers approximately 11,962 hectares in Chile’s Atacama region, a well-known mining district for copper and gold.

The company continues to advance multiple targets while maintaining a disciplined approach to exploration spending.

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Important Disclosures:

1. Jordan Nova wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

( Companies Mentioned: SLG:TSXV;SNLGF:OTCQB, )

Source: https://www.streetwisereports.com/article/2026/09/21/chile-gold-explorer-hits-12-80-g-t-at-2-km-salvadora-corridor.html