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Ground-based Gravity and Magnetic Geophysical Survey Starts at the Macara Gold and VMS Project, Loja, Ecuador
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2020) -   SALAZAR RESOURCES L...
About this update from Salazar Resources Limited
[{"type":"text","content":"Ground-based Gravity and Magnetic Geophysical Survey Starts at the Macara Gold and VMS Project, Loja, EcuadorVancouver, British Columbia--(Newsfile Corp. - November 12, 2020) -  SALAZAR RESOURCES LIMITED (TSXV: SRL) (FSE: CCG.F) (\"Salazar\" or the \"Company\") is pleased to announce it has started a ground-based gravity and magnetic geophysical survey at the 100% owned Macara gold and volcanogenic-massive-sulphide (\"VMS\") project in Loja, Ecuador. The geophysical survey marks a major step in advancing exploration on this property, which is prospective for both oxide gold near surface, and copper-gold-zinc-silver assemblages in buried VMS bodies.Merlin Marr-Johnson, EVP of Salazar Resources said, \"Ground gravity geophysics is a proven tool in VMS exploration, so it is exciting to be starting this program at Macara. Several blind massive sulphide deposits have been discovered using joint interpretation of geological and geophysical models, including Neves-Corvo and Lagoa Salgada in Portugal, Valverde and Las Cruces in Spain, and the Tambo Grande deposits in Peru, just 90 km to the southwest of Macara.\"\"The presence of good gold grades in silica-barite stockworks at the higher elevations and disseminated pyrite, chalcopyrite, and bornite in the pillow lavas at lower elevations in the creek indicate that the geology of Macara is mineral-rich. Clearly the optimum result would be for the geophysical survey to generate some bullseye targets representative of extremely dense material to be drill-tested. We look forward to having the survey finished shortly with an interpretation to follow, so that we can incorporate drilling at Macara into Salazar's exploration plan for 2021. With drilling underway at our Los Osos exploration project too, we are making solid progress in line with our strategy to make commercial discoveries in Ecuador.\"MACARAMacara is a 100% Salazar Resources project in Loja, Ecuador consisting of two concession areas, the 288 hectare (\"ha\") Macara Mina licence and the 1,519 ha Bonanza licence. The Macara Mina licence hosts the greater potential, with exploration targets for gold and VMS-related mineralization well advanced.Exploration RationaleThe geology at Macara consists largely of volcanic rocks of Cretaceous age, known locally as the Celica formation. Over the border in Peru, the same aged rocks, know...