San Lorenzo Gold Corp. Announces Leadership Transition and Exploration Advancements
CALGARY, Alberta — August 4, 2026 — Leads & Copy — San Lorenzo Gold Corp. (TSXV: SLG) (OTCQB: SNLGF) announced a planned leadership transition and an update on its exploration activities, positioning the company for its next phase of growth. Effective September 1, 2026, Brandon Gaspar will assume the role of Chief Executive Officer and join the Company’s board of directors. Co-founder Al Kroontje will transition from his current role as CEO to Executive Chair, providing strategic oversight and ensuring leadership continuity.
The company, which holds approximately C$23 million in cash, is set to commence a fully permitted 20-hole drill program at Cerro Blanco. A second drill rig is planned for Arco de Oro, and expanded geophysical and geochemical programs are underway across the Salvadora property. This acceleration of exploration efforts aims to unlock the full potential of the district-scale opportunity.
Brandon Gaspar, who will lead San Lorenzo into its next phase of exploration, brings over 15 years of experience in mine operations, mineral exploration, corporate strategy, and capital markets. Most recently, he served as Head of Research, North America at SCP Resource Finance. Gaspar holds a Bachelor of Science (Honours) in Geology from Lakehead University and an MBA from Alliance Manchester Business School.
Upon Gaspar’s appointment, Al Kroontje will move to Executive Chair, continuing to lead the board and work closely with management. Kroontje will remain a significant shareholder. The company’s technical leadership in Chile will remain unchanged, with co-founder Terry Walker continuing as Vice President of Exploration. This leadership structure combines extensive Chilean exploration and operating expertise with global corporate strategy and capital markets experience.
“When the Board began planning for San Lorenzo’s next phase of growth, we sought a leader who combines technical expertise, operational mining experience and capital markets insight,” Kroontje stated. “Brandon’s career spans both mine operations at a major gold producer and senior mining capital markets roles, giving him a distinct perspective on building successful exploration companies and driving long-term shareholder value.”
Gaspar expressed confidence in the company’s prospects: “Having evaluated exploration and development opportunities across the global mining industry throughout my career, I recognized that Al, Terry and the San Lorenzo team have assembled one of the most compelling district-scale exploration opportunities I have encountered. District-scale land holdings adjacent to a producing mine, existing infrastructure, a strong balance sheet and a demonstrated track record of greenfield discovery success are rarely found together.”
Exploration efforts are currently focused on an Induced Polarization (“IP”) program across the Arco de Oro and Cerro Blanco targets at the Salvadora property. IP has been instrumental in identifying priority drill targets, including at San Juan, where previous drilling intersected porphyry-style mineralization within the line D8 anomaly. The current program aims to expand coverage and guide future drilling.
A significant development includes the identification of a major chargeability anomaly on IP line D9, located northwest of line D8. This anomaly, measuring approximately 1.2 kilometres in width, appears to be a northwest extension of the feature previously tested by drilling. Chargeability values on line D9 are notably higher than those on line D8, indicating a strengthening and expanding chargeable system. This materially expands the priority target area along the San Juan–Arco de Oro trend.
Terry Walker, Vice President of Exploration, commented on the findings: “At 1.2 km of width, the anomaly observed is huge and intense with mV/V values far exceeding those observed on line D8 where drilling returned strong mineralization in porphyry alteration. It appears that the anomaly observed on line D9 is a direct strike extension to the feature drilled on line D8. With the anomalies merging, a large system is suggested. This opportunity demands further drilling on the most expeditious timeline possible.”
The company also announced the grant of 525,000 incentive stock options to Mr. Gaspar, exercisable at $4.75 per common share.
San Lorenzo is focused on advancing its Salvadora property, which management believes may contain multiple gold and copper enriched epithermal and/or porphyry style systems. This belief is supported by drilling results from four different targets explored to date.
Source: San Lorenzo Gold Corp.
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