Salazar Resources Ltd V.SRL

Alternate Symbol(s): SRLZF

Metals & Mining Industrial Metals & Minerals

Salazar Resources Limited is a junior mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties located in Latin America. Its mineral properties are situated in Ecuador. Its projects include Curipamba Project, Pijili Project and Santiago Project. It holds interests in the various projects in Ecuador, such as Macara Project; Ruminahui Project; Los Osos Concession; El Potro Concession, and Los Santos. It holds 100% interest in the Curipamba Project, consisting of seven concessions located in the provinces of Bolivar and Los Rios, Ecuador. Its Pijili Project is situated in the province of Azuay, Ecuador. The Company owns 100% interest in the Santiago Property situated in the province of Loja, Ecuador. The Company owns a 100% interest in two concessions (the Ruminahui Project) located in the province of Pichincha, Ecuador. The Ruminahui Project covers around 2,910 hectares and is located around 100 kilometers (km) northwest of Quito.

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Salazar Resources Ltd

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Comment by TheSlowLaneon Dec 07, 2011 10:17am

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Post# 19298823

RE: PROJECTIONS=SALAZAR RESOURCES VALUATION

kento - I have not analyzed the drill maps but do you know how many of the additional holes are infill drilling as opposed to step-outs? I like your estimates but it's possible they may be on the high side depending on how many of them will be upgrading inferred to indicated, for example, as opposed to adding new ounces. In any case, I would expect a lot more ounces to be reported in the next update.
tsl

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