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San Lorenzo Gold is a Chile-focused explorer advancing the 100%-owned Salvadora project in the Atacama, near Codelco’s El Salvador mine and the Potrerillos smelter. In this interview, CEO Al Kroontjes talks about the tightly scoped near-term drill program at the Cerro Blanco target, explains the funding stack centered on insider convertible credit facilities alongside the Lithium Chile note, and sets operational expectations around timelines, permitting under Sernageomin, and why Cerro Blanco wasn’t drilled earlier. The interview also addresses inbound interest from larger companies on potential JV structures and frames proximity to established mining infrastructure as a logistics advantage rather than an economic shortcut.
TLDR
- Drilling
Management prioritizes a short, tightly scoped drill program at Cerro Blanco, designed to test highest-priority IP features first and let results determine any step-outs and meterage. The emphasis is on disciplined targeting rather than headline footage. - Funding
Working capital has been underpinned by director-provided facilities structured to convert to equity. That reduces immediate cash calls but concentrates financing leverage with insiders. Dilution and control are manageable variables only if drilling stays on schedule and on budget. - Location
Salvadora, the flagship asset, sits in a mining district near Codelco’s El Salvador mine and the Potrerillos smelter, which means existing infrastructure, workforce and potential processing options if warranted. Proximity supports logistics, though it does not substitute for scale, continuity or economics. - Partnerships
Management acknowledges approaches from larger companies regarding potential JV structures. The stated plan is to complete the next Cerro Blanco holes first and then consider formal discussions, aiming to negotiate from a stronger data position. - Assays
Operational guidance calls for roughly a 45 to 60 day assay cycle, with access road construction cited as the prior bottleneck now addressed and standard Sernageomin (Servicio Nacional de Geología y Minería) processes governing drill activity. The immediate news flow hinges on holes completed and assays received.
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