Continuation of Channel Sampling at Curipamba Returns 10 m at 5.72 g/t Gold and 155 g/t Silver
VANCOUVER, BRITISH COLUMBIA
Apr 19, 2007
Salazar Resources Limited (TSX VENTURE:SRL)(FRANKFURT:CCG) -
Mr. Fredy Salazar, President, is pleased to provide this update on the Company's ongoing exploration program.
Said Mr. Salazar, "With the positive results to date we are focusing our work at Curipamba, where we are stepping out from our initial discovery areas. Recently we identified new mineralized structures at Caracol and Caracol 1, located 1.6 kilometers north of El Gallo." (Figure 1)
At Caracol (Figure 2) and Caracol 1 (Figure 6) a total of 29 rock channel samples were taken, with the length varying from 2 to 5 meters, see Table 1. At Caracol two significant channel samples returned the following results: 2m at an average of 3.11 g/t Gold and 0.29% Zinc; 16m averaging 1.98 g/t Gold and 1.7% Zinc, including 6m averaging 2.80 g/t Gold and 2..18% Zinc. At Caracol 1 the mineralized structure returned an average of 10m at 5.72 g/t Gold and 155 g/t Silver. All sample results are included in Table 2.
The gold, silver and zinc mineralization zones lie between hydrothermal breccia structures with silicified clasts in an argilic matrix, in a host rock of prophyry with numerous quartz eyes. Inside the clasts polymetallic sulphides can be observed (silver mineralization with pyrite, sphalerite and galena).
Said Mr. Salazar, "Our efforts at Curipamba have identified a number of anomalous zones within the Las Naves concession of the Curipamba project. The exploration efforts to date have given us an indication that the structures identified could form part of an overall mineralized zone."
The next phase of the work program will be to test the continuity of the structures. Geophysical surveys will be conducted over a grid. Lines are presently being cut with a 50 meter spacing, and with pickets surveyed in every 25 meters. Soil samples will be collected every 25m and rock channel samples taken from outcrops located within the grid. Pits will be dug to bedrock with soil samples collected from the pits and the bedrock sampled.
Dr. Howard Lahti, P. Geo, the Qualified Person (QP) in compliance with National Instrument 43-101 has reviewed this news release for accuracy.
A QC program was used whereby 5% of all samples sent to the laboratory were standards with known silver and gold values. Samples preparation was performed by ALS Chemex Quito, Ecuador using standard industry practices (Sample prep -32). Analytical work was carried out at the ALS Chemex Laboratory in Vancouver, Canada using fire assay methods for gold (Au-25 procedure).
ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED
Fredy Salazar, President & CEO
Salazar Resources Limited
Salazar Resources Ltd. is a publicly-listed (TSX VENTURE:SRL) mineral resource company engaged in the exploration and development of new highly prospective areas of 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, including Aurelian's Fruta del Norte discovery, IAM Gold's Quimsacocha Deposit, Mozo Deposit, Ex Newmont's Cangrejos Project and International Minerals Rio Blanco and Gaby Deposit. Being an Ecudorian based company gives us a strategic advantage enabling us to do the exploration at a rapid pace, having over sixty personnel on the grounds, including twelve geologists. With an excellent property portfolio (4 projects - 131,300 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador..
SOURCE: Salazar Resources Limited
Salazar Resources Limited
Fredy Salazar
President & CEO
593.22278975
Email: fsalazar@salazarresources.com
Salazar Resources Limited
Nick DeMare
Director & Secretary
(604) 685-9316
Email: ndemare@chasemgt..com
Empire Communications Inc.
Jeff Tindale
Investor Relations
(604) 484-0066
Email: info@salazarresources.com
Website: www.salazarresources.com
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