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Salazar Drills 69 Meters @ 0.58 g/t Gold from Surface at Los Osos
Vancouver, British Columbia--(Newsfile Corp. - February 12, 2021) -  SALAZAR RESOURCES L...
About this update from Salazar Resources Limited
[{"type":"text","content":"Salazar Drills 69 Meters @ 0.58 g/t Gold from Surface at Los OsosVancouver, British Columbia--(Newsfile Corp. - February 12, 2021) -  SALAZAR RESOURCES LIMITED (TSXV: SRL) (FSE: CCG.F) (\"Salazar\" or the \"Company\") reports initial assay results from the wholly-owned Los Osos project in El Oro, Ecuador. The first two holes, OSO-01 and OSO-02 were completed in December 2020, at depths of 644 meters (\"m\") and 576 m respectively. The holes focused on hydrothermal breccias and intrusive diorites with porphyry copper-gold potential. Encouragingly, the drilling has intercepted significant zones of mineralization that are consistent with a large-scale gold system with 244 m of broad mineralization encountered in drill hole OSO-01. Highlights:Drill HoleFrom (m)To (m)Width (m)1Au (g/t)Cu (%)OSO-010243.7243.70.310.06including069.069.00.580.02including25.028.03.04.590.03OSO-02319.0320.01.022.90-337.9339.11.22.51-539.0540.81.81.45- 1Reported intervals are down-hole lengths and not true thickness.Fredy E. Salazar, CEO, commented: \"Los Osos is the first 100% Salazar Resources-owned project that we have drilled since 2017, and we are encouraged that the first hole intersected continuous mineralization from surface for 244 meters, and that OSO-02 intersected high-grade gold in veins. The Cangrejos-Portovelo region is host to both significant gold-copper porphyry deposits as well as high grade vein structures. We look forward to completing this Phase 1 program soon, as part of what is going to be an extremely active year for the company.\"\"In Q2 we will start our Phase 1 drill program at Rumiñahui, to be followed by Phase 1 drilling programs at Los Santos and Macara Mina respectively.\"Los OsosThe Phase 1 drilling program at the Osos project, El Oro, Ecuador, is designed to define mineralized breccias and test for the presence of the upper portions of a mineralized porphyry. Results from OSO-01 and OSO-02 are provided in Table 1. The location of OSO-03 is provided in Figure 1. Cross-sections for OSO-01 and OSO-02 are provided in Figures 2 and 3. Table 1. Drill Results for OSO-01 and OSO-02Drill HoleFrom (m)To (m)Width (m)1Au (g/t)Cu (%)OSO-010243.7243.70.310.06including069.069.00.580.02including25.028.03.04.590.03389.0393.04.00.280.07493.0529.036.00.20 0.07541.1553.312.20.210.04563.4574.811.40.600.03625.0631.06.00.310.02OSO-...