RE:New Crux Investor Interview Hi guys, here’s the transcription to our recent video with Salazar Resources. Enjoy the read.
Click here: https://cruxinvestor.com/opinions/salazar-resources-srl-this-is-how-to-become-a-big-company-transcript/
"The thing to remember about Ecuador is that it hasn’t really had a proper mining industry at any stage. There are three key things: the first thing is that it is on a very fertile bit of geology. The Andes run through the western spine of South America, and in Chile and Peru you have got these huge, rich Copper deposits. You get these points in the earth’s crust where there is concentration in minerals; whether it is Copper-moly or Copper-Gold, or Gold-Zinc, there’s a whole range of these minerals which are concentrated in key parts of the crust. And the Andes is one of those, and in particular in northern Chile and Peru, and the geology and the minerality runs across into Ecuador. So, you have got the fertile geology, you have got the metal endowments, but you haven’t had the minerals industry development. And that has been political. And that brings us on the next key point which is that the government has absolutely endorsed the mining industry. They have realised that it is crucial to their economy and to their ongoing development as a country."