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San Lorenzo Hits 102m @1.33 g/t Au Porphyry; Juniors' High-Grade Flood Heightens Supply Woes

San Lorenzo Gold expands porphyry system at Arco de Oro with 102.3m @1.33 g/t Au step-outs, capping a May frenzy of junior hits including Cabral's heap-leach confirmation (30m @1.45 g/t Au), rig doubling to six for Q4 2026 production, Westhaven's 54m @8.99 g/t Au, Arizona Gold's 3.35m @15.07 g/t, Arizona Eagle's 4.2m @5.73 g/t (incl. 0.8m @11.35 g/t), Scorpio's 455 g/t bonanza, Tectonic's 40,000m five-rig push, and Rua's $42-113M NPV PEA. Record $90.7B Q1 tokenized gold volume amplifies XAUUSD supply concerns amid accelerating discoveries.

Category

Gold

Sentiment

Bullish

Event

Milestone

Reading time

1 min