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Salazar Resources Ltd V.SRL

Alternate Symbol(s):  SRLZF

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.


TSXV:SRL - Post by User

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Post by TheSlowLaneon Jan 26, 2012 6:32am
233 Views
Post# 19450842

Salazar Intercepts VMS Mineralization 600 Meters E

Salazar Intercepts VMS Mineralization 600 Meters E

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2012) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to report results from an additional four holes (1,223 meters) from the ongoing diamond drill program on its 100% owned (30,327 ha) Curipamba volcanogenic massive sulphide (VMS) project in Ecuador. These holes represent new exploratory drilling and are not included in the new El Domo resource estimate was which was released on January 12, 2012. The four widely spaced exploration holes were drilled east and southeast of the precious metals rich El Domo deposit to test for extensions of the mineralization under the andesite sill. Three of the holes intersected mineralization (Table 1).

Hole CURI-155 was drilled approximately 600 meters east of the El Domo indicated/inferred resource and close to the eastern boundary of the andesite sill. The hole cut three mineralized zones with strong gold and silver values and anomalous zinc and copper values. Holes CURI-152 and CURI-154, located respectively approximately 500 meters west and southwest of CURI-155, indicate the persistence of the El Domo mineralization. Further drilling is required to test and evaluate the significance of this new area immediately adjacent to the El Domo resource.

More:

https://www.marketwire.com/press-release/salazar-intercepts-vms-mineralization-600-meters-east-of-el-domo-tsx-venture-srl-1611167.htm

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