Salazar Extends High Grade With 12.8 Meters of 4.01 g/t Gold, 137.85 g/t Silver, 3.43% Copper & 3.56% Zinc
Published : June 16, 2011
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Keywords :   Copper | Diamond | Ecuador | Gold | Lead | Market | Precious Metals | Silver | Zinc |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2011) - Salazar Resources Ltd. (News - Market indicators)(FRANKFURT:CCG) reports new assays from the ongoing Diamond drill program on its 100% owned (30,327 ha), precious metals rich Curipamba volcanogenic massive sulphide project in Ecuador. Hole 115 intersected 12.8 meters of mineralization grading 4.01 g/t gold, 137.85 g/t silver, 3.43% copper and 3.56% zinc, including 7.03 meters grading 7.07 g/t gold, 230.16 g/t silver, 5.17% copper and 5.96% zinc (Figure 1; Table 1). This intersection expands the area of high grade. Hole 115 was drilled on section with holes 87 and 99 (Table 2). Both of these holes also intersected wide zones of strong gold and copper mineralization.

Mr. Salazar says, "We are very pleased with the intersection in hole 115 which extends the width of the southern high grade area to more than 200 meters."

Table 1 Significant Intersections
Hole #   From
 
(m)
To
 
(m)
Width
*
(m)
Gold
(g/t)
Silver
(g/t)
Copper
(%)
Lead
(%)
Zinc
(%)
 
CURI-115   34.5 47.3 12.8 4.01 137.85 3.43 0.56 3.56
  incl 34.5 41.53 7.03 7.07 230.16 5.17 0.97 5.96
* Widths represent down hole core lengths.

 

Table 2 Hole Location and Target
Drill
Hole
  Section   Azimuth   Dip   Elev.
(m)
  EOH
(m)
  Location of Nearby Significant Intersection
CURI-115   5150 N   90
degrees
  -75
degrees
  854
 
  122.95
 
  50 m west of DDH 991 - 6.73 g/t Au; 45.80 g/t Ag; 4.69 % Cu and 1.61 % Zn over 22.70 meters
100 m west of DDH 87- 2.12 g/t Au; 24.65 g/t Ag; 4.97 % Cu and 1.11 % Zn over 27.61 meters
1: News release of March 29, 2011; 2: News Release of February 8, 2011

Salazar currently has two drills delineating and extending the deposit. Drill core samples are analyzed by ALS Chemex Labs Ltd., an ISO 9001:2000 certified laboratory. Salazar maintains a QC program is used whereby standard samples and blanks are inserted into each batch of samples to ensure quality control.

Kieran Downes, P.Geo., a qualified person as defined by National Instrument 43-101, is responsible for the technical information provided in this release.

ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED

Fredy Salazar, President & CEO

About Salazar Resources: Salazar Resources Ltd. is a publicly-listed (News - Market indicators)(FRANKFURT:CCG) mineral resource company engaged in the exploration and development of new highly prospective areas in Ecuador. Led by a senior Ecuadorian management team and most notably by its namesake Fredy Salazar, this team has been instrumental in other major discoveries throughout Ecuador. Being an Ecuadorian based company gives the Company a strategic advantage enabling the Company to complete exploration at a rapid pace. With an excellent property portfolio (3 projects- 42,900 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador and throughout South America.

To view Figure 1 associated with this release, please click the following link: http://media3.marketwire.com/docs/SLR-Figure1.pdf.

This press release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Salazar Resources Limited
Greig Hutton
519-473-9998
ghutton@salazarresources.com
www.salazarresources.com
Data and Statistics for these countries : Ecuador | All
Gold and Silver Prices for these countries : Ecuador | All

Salazar Resources Ltd

EXPLORATION STAGE
CODE : SRL.V
ISIN : CA7940071045
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Salazar is a copper and zinc exploration company based in Canada.

Salazar holds various exploration projects in Ecuador.

Its main exploration properties are RUMINAHUI, MENDEZ, CURIPAMBA and SANTIAGO ECUADOR in Ecuador.

Salazar is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 9.7 millions as of today (US$ 7.2 millions, € 6.4 millions).

Its stock quote reached its highest recent level on April 27, 2007 at CA$ 4.22, and its lowest recent point on November 13, 2015 at CA$ 0.03.

Salazar has 114 150 000 shares outstanding.

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Financings of Salazar Resources Ltd
3/31/2015Provides Update on Promissory Note Financing
9/17/2013Announces Final Closing of Private Placement
6/10/2013Announces Initial Closing of Private Placement
Nominations of Salazar Resources Ltd
4/12/2011.: QP Appointment and Addition of Second Rig at Curimpamba
Project news of Salazar Resources Ltd
6/1/2011(Curipamba)Continues to Cut High Grade in Curipamba With 7.95 Meters of...
5/24/2011(Curipamba)Hits New High Grade at Curipamba With 15.6 Meters of 1.59 g/...
4/28/2011(Curipamba)Cuts 21.43 Meters of 4.01 g/t Gold & 3.23% Copper in Curipam...
1/25/2011(Curipamba)Will Drill 20,000 Metres at Curipamba in 2011
Corporate news of Salazar Resources Ltd
8/2/2016SMr. Fredy Salazar, President and CEO, is pleased to announc...
8/2/2016Mr. Fredy Salazar is pleased to report that the Company has ...
6/14/2016Salazar Provides Update on its Recapitalization Plan More...
5/10/2016Salazar Announces The Resignation Of Graeme Robinson More...
4/27/2016Salazar Announces Delay Of Financing More...
4/27/2016Salazar Announces Closing Of Private Placement And Debt Sett...
4/12/2016Salazar Announces Terms For Financing And Royalty Sale With ...
12/23/2015Salazar Announces Results Of Annual General Meeting More...
3/31/2015Salazar Provides Update On Promissory Note Financing More...
3/31/2015Salazar Provides Update on Promissory Note Financing
3/31/2015Salazar sells up to us$600,000 of promissory notes More...
3/31/2015Sells Up to US$600,000 of Promissory Notes
3/31/2015Salazar Sells Up to US$600,000 of Promissory Notes
1/22/2015Salazar Files Amended Technical Report More...
1/22/2015Salazar Files Amended Technical Report
12/16/2014Salazar Provides Corporate Update More...
12/16/2014Salazar Provides Corporate Update
10/27/2014Salazar Provides Update on Curipamba Agreement
9/25/2014Salazar Announces Results of Annual General and Special Meet...
8/26/2014Salazar and Guangshou Group Announce Letter-Of-Intent to Adv...
8/22/2014Salazar Retains Questrade Inc.
5/6/2014Salazar Provides Update on $1.98 Million Private Placement
4/10/2014REPEAT: Salazar Provides Update on El Domo Development
4/9/2014Salazar Provides Update on El Domo Development
3/26/2014Salazar Announces $1.98 Million Private Placement Financing
5/13/2013Announces Further Funding
5/13/2013Announces Further Funding
4/23/2013Proceeds with PEA at El Domo
3/26/2013(Curipamba)Announces Funding Agreement to Advance Curipamba to Producti...
7/12/2011Updating El Domo Mineral Resource Estimate
6/22/2011James Hutton Appointed Director of Salazar Resources Ltd.
6/16/2011Extends High Grade With 12.8 Meters of 4.01 g/t Gold, 137.85...
5/10/2011(Curipamba)Extends High Grade Copper & Gold Mineralization in Curipamba...
3/28/2011Corporate Update and Plan for 2011 Mining Contracts in Ecuad...
3/3/2011Expands El Domo Resources With 16.08 m of 3.27 g/t Gold, 74....
2/23/2011Hutton to Join Salazar Resources as Manager of Investor Rela...
2/23/2011Discovers New Gold Zone 300m From El Domo VMS Deposit
4/20/2007Continuation of Channel Sampling at Curipamba Returns 10 m a...
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