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Salazar Resources Ltd.
Summary
| Project: | Curipamba | |
|---|---|---|
| Deposit: | El Domo | |
| Location: | Ecuador | |
| Commodities: | Copper-Zinc-Lead-Gold-Silver | |
| Date: | 3/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-3-2017: Salazar Resources Ltd. announces an Exploration/Drilling Update report for its El Domo deposit at the Curipamba project. Drilling results incl. 14.43m @ 2.65g/t Au, 10.58g/t Ag, 1.32% Cu, 6.63% Zn from 318.27m. Salazar Resources Limited (TSX.V: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kieran Downes (Not stated) | |
| ABSTRACT: | Salazar Resources Limited (TSX.V: SRL; FRANKFURT: CCG.F) (“Salazar” or the “Company”) is pleased to report results from the first twelve holes (3,363 meters) of the Phase V diamond drill program in progress on the Company’s 100-per-centowned (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 twelve holes were drilled as part of the planned 40-hole (10,000 meters) drill program that is 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). It is anticipated that the drill program will be complete by the third quarter of this year. Fredy Salazar, President and CEO, commented: “We are excited with the results from hole CURI-218 located to the east of the El Domo resource. The mineralization encountered is thicker and of better grade to the last hole drilled in the El Domo deposit on this section. The intersection indicates significant potential for additional discoveries in this prospective area approximately 800 metres in length, in a north-south direction, and between 350 to 500 metres eastward of the deposit. Historic hole CURI-155 also indicates discovery potential in this area. We are currently drill testing this area with two drills. Also, this new finding paves the way and gets us closer to bringing this great project to a higher level.” | |
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