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Salazar Resources Ltd.
Summary
| Project: | Curipamba | |
|---|---|---|
| Deposit: | El Domo | |
| Location: | Ecuador | |
| Commodities: | Copper-Zinc-Lead-Gold-Silver | |
| Date: | 4/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-4-2018: Salazar Resources Ltd. announces an Exploration/Drilling Update report for its El Domo deposit at the Curipamba project. Drilling results incl. 10.35m @ 3.85% Cu, 5.12g/t Au, 10.34% Zn, 139.0g/t Ag, 0.95% Pb from 71.65m. Toronto, April 19, 2018 | |
| Resources: | ||
| CP/QP: | [Overall Report]: Jason Dunning (Internal) | |
| ABSTRACT: | Toronto, April 19, 2018 – Adventus Zinc Corporation (“Adventus”) (TSX-V: ADZN) and Salazar Resources Limited (“Salazar”) (TSX-V: SRL, collectively the “Partners”) are pleased to announce the first drill holes from the 2018 infill drilling program on the El Domo volcanogenic massive sulphide (“VMS”) deposit, which is part of the approximately 22,000 hectare Curipamba project located near Las Naves, Ecuador. Infill drilling is yielding intercepts of high-grade, gold-rich semi-massive to massive sulphide mineralization within the Whittle starter open-pit that was defined as part of the recent Mineral Resource update for the El Domo VMS deposit completed by Roscoe Postle Associates Inc. (“RPA”). The Indicated Mineral Resources for El Domo totals 8.8 million tonnes grading 1.62% copper, 2.34 g/t gold, 2.42% zinc, 48 g/t silver, and 0.27% lead. The Inferred Mineral Resources for El Domo totals 2.6 million tonnes grading 1.29% copper, 1.09 g/t gold, 1.51% zinc, 29 g/t silver, and 0.14% lead (see January 31, 2018 news release). The National Instrument (“NI”) 43-101 Technical Report was authored by Independent Qualified Person Dr. Lars Weiershäuser, P.Geo., of RPA (based in Toronto, Ontario, Canada) who is a Qualified Person as defined by NI 43-101. The infill drilling program commenced in early March 2018 with the objective of upgrading the confidence level of the Mineral Resource within the Whittle starter open-pit area by decreasing drill spacing, which will also generate material for a planned metallurgical program in the second half of 2018. One drill rig from the drilling contractor has been dedicated to this work program. To date, drilling within the Whittle starter open-pit has successfully completed approximately 2,100 metres from a planned 7,500 metre work program that is expected to be completed by the end of the second quarter of 2018. The current infill drill hole is being extended in order to more fully evaluate the favourable volcanic strata at depth below the El Domo VMS deposit. This drill hole will be the deepest at El Domo to date, and it is conceptualized to be used for downhole electromagnetic geophysical studies later in 2018. An additional nine infill drill holes have been successfully completed with four drill holes having passed quality assurance and quality control (“QAQC”), and five drill holes with assays outstanding. | |
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