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Salazar Resources Ltd V.SRL

Alternate Symbol(s):  SRLZF

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.


TSXV:SRL - Post by User

Bullboard Posts
Comment by TheSlowLaneon Mar 27, 2013 6:32am
340 Views
Post# 21173408

RE: Unbelievable

RE: Unbelievable

Nobody cares about junior mining companies right now, least of all companies that are operating in questionable jurisdictions.  I think that is why Trafigura sees an opportunity to get access to metal in the ground for bargain basement prices.  For small money they can get a foot in the door and then if things improve there they have a local presence in one of the few areas left with lots of minerals that is relatively undeveloped.  They have the firepower to get Curipamba into production and an interest in long-term secure supply of metals so I am glad to see this deal get done but don't expect it to rocket the stock price higher.  Should put a floor under it though.

Bullboard Posts