Salazar Resources Ltd V.SRL

Alternate Symbol(s): SRLZF

Metals & Mining Industrial Metals & Minerals

Salazar Resources Limited is focused on the discovery, exploration, and development in Ecuador. The Company has a wholly owned pipeline of copper-gold exploration projects across Ecuador, with a strategy to make another commercial discovery and farm-out non-core assets. The Company has carried interests in three projects. At its maiden discovery, Curipamba, it has a 25% stake fully carried through to production. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision. The Curipamba Project consists of seven concessions located in the provinces of Bolivar and Los Rios, Ecuador. The Pijili project consists of five concessions totaling approximately 3,254 hectares (ha). Pijili is located in the province of Azuay, approximately 150 kilometers (km) from the major port city of Guayaquil. The Santiago Project consists of a single concession that encompasses about 2,350 ha.

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Salazar Resources Ltd

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Comment by nearnorth101on Aug 19, 2010 2:49pm

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Post# 17366331

RE: Cannacord

It's probable that the PP was arranged long before the results of the drill hole was known by the company. $1.10 is an ok price based on how much the share price was trading before this latest NR. Maybe they are kicking themselves for not waiting longer, probably could have got $1.40-$1.50 for a PP

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