Fredy Salazar the man that put ARU togetherhe knew there was better property in Ecuador,that is why he went out on his own with SRL.Have a look? Lots of up side left here.Local representation,home grown talent.
April 25, 2007
Salazar Reports Excellent Results From Sesmo, Ecuador, 15 m at 39.1 g/t Gold
and 741 g/t Silver, Includes 2 m at 186.5 g/t Gold and 1055 g/t Silver
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 25, 2007) - Salazar Resources
Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to announce the results of
channel sampling from the Sesmo Prospect, completed as part of the Company's
ongoing 2007 exploration program (see Table 1).
Significant channel samples included:
- 186.5 g/t Gold and 1055 g/t Silver over 2m included within 39.1 g/t Gold and
741 g/t Silver over 15m;
- 9.54 g/t Gold and 634 g/t Silver over 10m;
- 12.3 Gold and 469 g/t Silver over 3m; and
- 3.67 g/t Gold and 12 g/t Silver over 3m.
In total, 82 channel samples, from 1m to 7m wide, were sampled over a 100m by
150m area. Samples ranged from 0.01 g/t to 186.5 g/t gold and 0.01 g/t to 1805
g/t silver.
The Sesmo Anomaly lies within the Las Naves concession of the Curipamba Project
and is located 2.1 km north of the El Gallo Anomaly (Figure 1). Gold and silver
mineralizations lie between hydrothermal breccia structures and are analogous
to the Caracol prospect. Mineralization is hosted within silicified clasts in
an argilic matrix within a quartz-eye porphyry host. Internally the clasts host
polymetallic sulphides (silver mineralization with pyrite) (Figure 2).
Mr. Salazar, President, states, "The Company views these results, together with
recently released results, as an indication that the mineralized structures
identified to date could form part of a large mineralizing system."
Future geophysical and geochemical work will concentrate on testing the
continuity of the mineralized structures. Grid lines are currently being
established at 50m spacing. Soil samples will be collected every 25m and
channel samples will be taken from outcrops located within the grid. Pits will
be excavated to bedrock and sampled.
Dr. Howard Lahti, P. Geo, is the Qualified Person (QP) for the Company and is
responsible for the accuracy of this news release.
Samples preparation was performed by ALS Chemex Quito, Ecuador, using standard
industry practices (Sample prep -32). Analytical work was carried out at the
ALS Chemex Laboratory in Vancouver, Canada, using fire assay methods for gold
(Au-25 procedure). A QC program was used whereby of every 10 samples one was
sent for reanalysis at BSI Inspectorate Lab; as were several samples with
values higher than 5 g/t gold. Standard samples, blanks and duplicate check
samples were randomly inserted into the sample lot to ensure quality control. A
review of the QA/QC results shows no significant bias and the results are
considered reliable.
ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED
Fredy Salazar, President & CEO
Salazar Resources Limited
Salazar Resources Ltd. is a publicly-listed (TSX VENTURE:SRL) mineral resource
company engaged in the exploration and development of new highly prospective
areas of Ecuador. Led by a senior Ecuadorian management team and most notably
by its namesake Fredy Salazar, this team has been instrumental in other major
discoveries throughout Ecuador, including Aurelian's Fruta del Norte discovery,
IAM Gold's Quimsacocha Deposit, Mozo Deposit, Ex Newmont's Cangrejos Project
and International Minerals Rio Blanco and Gaby Deposit. Being an Ecudorian
based company gives us a strategic advantage enabling us to do the exploration
at a rapid pace, having over sixty personnel on the grounds, including twelve
geologists. With an excellent property portfolio (4 projects - 131,300
hectares), good geopolitical positioning and a number of strategic corporate
and financial partnerships, Salazar has positioned itself to be a strategic
player in Ecuador.
To view Figures 1 through 5 and Table 1 please click on the following link:
https://www.ccnmatthews.com/docs/srl0425.pdf
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FOR FURTHER INFORMATION PLEASE CONTACT:
Salazar Resources Limited
Fredy Salazar
President & CEO
593.22278975
Email: fsalazar@salazarresources.com
or
Salazar Resources Limited
Nick DeMare
Director & Secretary
(604) 685-9316
Fax: (604) 683-1585
Email: ndemare@chasemgt.com
or
Empire Communications Inc.
Jeff Tindale
Investor Relations
(604) 484-0066
Email: info@salazarresources.com
Website: www