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The latest announcement is out from San Lorenzo Gold Corp ( (TSE:SLG) ).
San Lorenzo Gold Corp. reported assay results from the first hole of its current drilling program at the Cerro Blanco porphyry target on the Salvadora property in Chile, where five mineralized sections totalling 222.4 metres were intersected in hole SAL 04-25, including long runs of gold-bearing mineralization with associated silver and copper. The company interprets these results as representing the upper levels of a mineralized porphyry system and indicating a northeasterly continuation of the system encountered in earlier holes, reinforcing the exploration potential of the Cerro Blanco area; San Lorenzo plans additional induced polarization (IP) geophysical work followed by further drilling to test the 1.7-kilometre extension and better define the scale of the mineralized system, a step that could be significant for the future development of the Salvadora project and its attractiveness within Chile’s porphyry belt.
The most recent analyst rating on (TSE:SLG) stock is a Hold with a C$1.50 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 TSE:SLG Stock
According to Spark, TipRanks’ AI Analyst, TSE:SLG is a Neutral.
The score is weighed down primarily by weak financial performance (pre-revenue profile, persistent losses, and ongoing cash burn with rising debt). Technicals are supportive with a strong uptrend and positive MACD, but momentum appears stretched (high RSI/Stoch). Valuation provides limited support given the negative P/E and lack of dividend yield.
To see Spark’s full report on TSE:SLG stock, click here.
More about San Lorenzo Gold Corp
San Lorenzo Gold Corp. is a mineral exploration company focused on advancing its flagship Salvadora property in Chile’s mega-porphyry belt. The company is conducting a phase 6 drilling program on two of five identified targets, following earlier campaigns on four targets that indicate the presence of several significant gold- and copper-enriched epithermal and/or porphyry-style systems on the property.
Average Trading Volume: 156,610
Technical Sentiment Signal: Buy
Current Market Cap: C$91.71M
For an in-depth examination of SLG stock, go to TipRanks’ Overview page.