NewsSalazar Commences Phase 2Drill Program at Curipamba, Ecuador
VANCOUVER, BRITISH COLUMBIA, Jun 15, 2010 (MARKETWIRE via COMTEXNews Network) --
Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT: CCG) is pleased to announce that the Company's 18,000meter, Phase 2 drill program has commenced at the Curipamba Project inEcuador.
The objective of the Phase 2 drill program is tocontinue the delineation of the El Domo deposit which is open to thenorth, south and west, and to test numerous other surrounding anomalieswith similar geophysical and geochemical signatures, consisting of thefollowing:
- 10,000 meters in 59 diamond drill holes (DDH) inorder to look for the El Domo deposit extension and also test the othergeochemical and geophysical anomalies at the Las Naves central area;(See Figure 1: https://media3.marketwire.com/docs/srl614.pdf). Thecurrent program will continue the ore body delineation to the south withhole Curi-10-52 to be drilled 350 meters south of Curi-08-50 and 50meters east of Curi-08-46 which intersected 16.3 meters of 3.59 g/t Au,114.2 g/t Ag, 3.42 % Cu, 0.83 % Pb and 5.52 % Zn.
- 8,000 metersin 41 DDH at geochemistry and geophysics anomalies at the Sesmo Sur, LaVaquera and Agua Santa anomalies; (See Figure 2:https://media3.marketwire.com/docs/2srl614.pdf).
Fredy Salazar,President and CEO states, "We are very pleased to recommence ourdrilling and continue on the success we experienced in our Phase 1program which was cut short with the introduction of the mining mandate.We are confident that the continuation of the delineation drilling ofthe El Domo deposit will add significant tonnage to first of what couldbe many polymetallic mineralized bodies on the Curipamba project."
TheCuripamba Project:
The Curipamba Project is a new gold rich andbase metal Volcanogenic massive sulphide (VMS) camp in western Ecuador,in the Western Mountain range's Macuchi Group about a 2.5-hour drivefrom Ecuador's major port city, Guayaquil. There are a number ofpriority areas identified on the Curipamba project area including SesmoSur, Las Naves Central and Piedras Blancas.
Thus far, Salazar hasdiscovered one deposit with a resource at Curipamba (El Domo) and oneadditional occurrence (Sesmo Sur). The Curipamba VMS camp is one ofthree major hydrothermal centres in the Ecuadorian Andes, each separatedby 50-60 km. The Curipamba district is the southernmost of the threesignificant VMS camps in the Eocene volcanic arc of Ecuador.
JohnBuckle, P.Geo., P.Geoph., is the qualified person for the company andhas reviewed this news release for its accuracy.
For moreinformation please visit our website at: www.salazarresources.com
ONBEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED
Fredy Salazar,President & CEO
Salazar Resources Limited
SalazarResources Ltd. is a publicly-listed (TSX VENTURE: SRL) mineral resourcecompany engaged in the exploration and development of new highlyprospective areas in Ecuador. Led by a senior Ecuadorian management teamand most notably by its namesake Fredy Salazar, this team has beeninstrumental in other major discoveries throughout Ecuador. Being anEcuadorian based company gives the company a strategic advantageenabling the company to complete exploration at a rapid pace. With anexcellent property portfolio (3 projects - 42,900 hectares), goodgeopolitical positioning and a number of strategic corporate andfinancial partnerships, Salazar has positioned itself to be a strategicplayer in Ecuador and throughout South America.
"Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release."