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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

Bullboard Posts
Post by longtoothon Apr 25, 2012 6:34pm
315 Views
Post# 19836318

I got into this stock a little while back

I got into this stock a little while back

because I have see they have a very impressive vms deposit. I also know a large company holds a significant portion of this company and are willing to sit on the stock long term.

 

Ecuador is also wanting to develop their mining industry and if they make some good policies then there will be many deposits discovered and developed. Ecuador would go from being "The Banana Republic" (where the name comes from because they produce the most bananas in the world (and export a lot of shrimp)) to a being a decent metals (and oil) exporter. I think if Kinross somehow manages to develop Fruta de Norte then that would open the doors.

 

Anyways, Salazar is a high risk stock now only because of political risk (imho).

Bullboard Posts