newsalazar Mobilizes Second Drill Rig to Las Naves at the Curipamba Project, Ecuador
VANCOUVER, BRITISH COLUMBIA, Dec 19, 2007 (Marketwire via COMTEX News Network) --
Salazar
Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to announce
a second drill rig has been mobilized and has now commenced drilling at
the Company's Las Naves Area at the Curipamba Project, Ecuador. Thirty
drill holes are planned for a total of 5000 metres. First, the drill
will test the El Gallo anomaly. The drill plan is to complete 4 holes
at the El Gallo anomaly, and then move the drill to the Roble, Roble
Uno, Guayabillo, and Cade South anomalies for a total of 10 drill
holes. The remaining holes of the drill program will be dictated from
the initial drill results. We anticipate the first drill results in
January, 2008.
The Las Naves Area comprises over 12 significant
mineralized anomalies discovered at surface over an area 2km x 1km. For
detailed maps of all the anomalies please review the Company's prior
news releases. The Company is focused on discovering large tonnage
deposits. The Company believes that at Las Naves there is a
relationship between all mineralized anomalies; the goal of the drill
program is to prove this theory correct.
Previous sampling results at El Gallo collected from several outcrops and sub-crops include (previously reported 2007-03-20):
- 17 m averaging 11.2 grams per tonne gold and 505 g/t silver
- 12 m averaging 7.09 g/t gold and 299 g/t silver
- 10 m averaging 12.13 g/t gold and 235 g/t silver
To view the map of the Curipamba Project please click on the following link: https://www.ccnmatthews.com/docs/srl1219map.jpg
The
first drill continues to test anomalies identified during the recent
ground geophysics program at Sesmo Sur. Drill hole CURI-07-013 has been
completed with an additional 10 drill holes planned for the completion
of the Phase 1 drilling program at Sesmo Sur. Results are pending and
are anticipated in January, 2008.
Since the recommencement of
the exploration program in October, a field work program has been
ongoing with 500 samples collected to date from trenching, channeling,
chip and grab. Line cutting for ground geophysics grids is also
ongoing. The samples have been shipped and are being assayed with
results to be available early in the New Year.
Mr. Salazar,
President and CEO, stated, "We are excited to finally test the El Gallo
anomaly as we have encountered some of our highest grades project-wide
from this mineralized breccia zone. Having two drills will allow us to
accelerate our drill program and react quickly to positive drill
results through follow-up drilling."
To view maps and photos related to the Curipamba Project please visit: www.salazarresources.com.
ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED
Fredy Salazar, President & CEO
Salazar Resources Limited