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The latest announcement is out from San Lorenzo Gold Corp ( (TSE:SLG) ).
San Lorenzo Gold Corp has commenced drilling at the Cerro Blanco porphyry target on its Salvadora property in Chile, aiming to explore strong geophysical anomalies. The company has also closed a second credit facility of $1,000,000, approved by the TSX Venture Exchange, to fund this drilling program. This credit facility, provided by a company related to a director of San Lorenzo, will convert into a term loan maturing in 2027 and is convertible into common shares, potentially impacting the company’s share structure.
More about San Lorenzo Gold Corp
San Lorenzo Gold Corp is focused on advancing its flagship Salvadora property located in Chile’s mega-porphyry belt. The company is engaged in exploring significant gold and copper enriched epithermal and porphyry style systems within this property.
Average Trading Volume: 187,520
Technical Sentiment Signal: Buy
Current Market Cap: C$49.87M
For detailed information about SLG stock, go to TipRanks’ Stock Analysis page.