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San Lorenzo Gold Corp ( (TSE:SLG) ) has provided an update.
San Lorenzo Gold Corp. has expanded its land position at the Cerro Blanco target within its Salvadora property in Chile by 2,900 hectares through an option agreement on Mirasol Resources’ Rubi project and the purchase of adjacent claim blocks. The new ground, located on the property’s eastern side, increases the north-south strike length of the combined Cerro Blanco-Rubi target from 2 km to 6 km and further consolidates the company’s position in the district.
Management describes the additional tenements as a strategic step that strengthens an already successful exploration play where drilling has yielded discoveries at multiple targets. The company is planning expanded IP geophysical surveys and follow-up drilling to extend the known strike length of the Cerro Blanco system and test interpretations that mineralization is sub-vertical, while ongoing surface sampling aims to refine target definition across the enlarged footprint.
The most recent analyst rating on (TSE:SLG) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on San Lorenzo Gold Corp stock, see the TSE:SLG Stock Forecast page.
Spark’s Take on SLG Stock
According to Spark, TipRanks’ AI Analyst, SLG is a Neutral.
The score is held down primarily by weak financial performance (pre-revenue profile, ongoing losses, and negative cash flow with increasing debt). Technicals provide some support due to strong trend and positive MACD, but extremely overbought RSI/Stoch limit upside confidence. Valuation remains unattractive/unclear because earnings are negative and there is no dividend yield.
To see Spark’s full report on SLG stock, click here.
More about San Lorenzo Gold Corp
San Lorenzo Gold Corp. is a Canadian mineral exploration company focused on advancing its Salvadora property in Chile. The company targets gold and potentially copper-bearing porphyry and related systems, with key prospects including the Cerro Blanco, Arco De Oro and Cabello Muerto targets in a highly prospective Andean mining belt.
Average Trading Volume: 323,993
Technical Sentiment Signal: Buy
Current Market Cap: C$225.7M
See more data about SLG stock on TipRanks’ Stock Analysis page.