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Salazar Resources Ltd.
Summary
| Project: | Curipamba | |
|---|---|---|
| Deposit: | El Domo | |
| Location: | Ecuador | |
| Commodities: | Copper-Zinc-Lead-Gold-Silver | |
| Date: | 5/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-5-2017: Salazar Resources Ltd. announces an Exploration/Drilling Update report for its El Domo deposit at the Curipamba project. Drilling results incl. 16.60m @ 3.66g/t Au, 117.40g/t Ag, 4.88% Cu, 5.36% Zn, 0.44% Pb from 225.4m. Vancouver, British Colu | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kieran Downes (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia, May 15, 2017 - Salazar Resources Limited (TSX.V: SRL; FRANKFURT: CCG.F) (“Salazar” or the “Company”) is pleased to report results from the additional six holes (1,888 meters) of the phase V diamond drill program in progress on the Company’s 100-per-cent owned (21,500 ha) Curipamba volcanogenic massive sulphide (VMS) project in Ecuador. These holes represent new exploratory drilling and were not included in the latest El Domo resource estimate which was released on January 16th, 2015. The Company has now drilled 5,251.05 meters as part of the Phase V drilling program which encompassed 40 holes (10,000 meters) designed to further expand the El Domo volcanogenic massive sulphide (“VMS”) deposit and explore its margins, as well as to test geophysical anomalies and surface showings (Figure 1). The latest six holes (1,888 metres) (Table 1) were drilled as part of this program. It is anticipated that the drill program will be completed by the third quarter of this year. CURI-224 intersected 16.60 meters (15.60 meters true width) of massive and semi-massive chalcopyrite-sphalerite-pyrite grading 3.66 g/t gold, 117.40 g/t silver, 4.88% copper, 5.36% zinc beneath an andesite sill that occurs in the vicinity of the hole (Figure1). The intersection in CURI-224 is located approximately 120 meters east of the intersection in CURI-173 (2.74 meters averaging 0.677 g/t gold, 6.5 g/t silver, 0.39% copper and 0.37% zinc) and 75 meters south from CURI-198 (7.40 meters averaging 2.498 g/t gold, 74.61 g/t silver, 3.45% copper and 5.07% zinc; see News Release of August 27, 2012). The mineralization in CURI-187, CURI-198 and CURI-224 is currently interpreted to be part of a separate zone of mineralization. The intercept in CURI-224 is gold-rich; the top of the mineralization grades 7.72 g/t gold over 6.35m (225.40 - 231.75m). Further drilling is planned to test this area. | |
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