Business
Salazar Provides a Corporate Update On Its Wholly-Owned Portfolio
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2020) -   SALAZAR RESOURCES LI...
About this update from Salazar Resources Limited
[{"type":"text","content":"Salazar Provides a Corporate Update On Its Wholly-Owned PortfolioVancouver, British Columbia--(Newsfile Corp. - January 14, 2020) -  SALAZAR RESOURCES LIMITED (TSXV: SRL) (FSE: CCG.F) (\"Salazar Resources\" or the \"Company\",) a well-funded Ecuadorian and Colombian focused copper-gold explorer, is pleased to provide the following update on its wholly-owned portfolio:Highlights● Three projects to be drilled across the wholly-owned portfolio in 2020● Well-funded Company, with strong treasury to be supplemented by income from joint ventures● Multiple concession applications to be submitted on re-opening of national mining registerFredy Salazar, CEO of Salazar Resources commented, \"We are pleased to announce that the Company remains well-funded and that the Board has approved plans to drill Rumiñahui, Los Osos and Macara this year. Meanwhile, Salazar Resources continues to run a prospecting team field-checking targets generated by our specialists in Ecuadorean geology. We are aiming to grow our portfolio of highly prospective assets through our expertise and our unrivalled grass-roots network, and we eagerly await the reopening of the national mining register. Furthermore, as proud Ecuadoreans we remain committed to developing the natural resource endowment of our Country in partnership with our local communities and with our government.The Company is focused on its strategy of advancing its 100%-owned projects prior to seeking partnership with major mining companies. In parallel, funded work at the Curipamba, Pijili and Santiago joint venture projects continues to progress well.\"StrategySalazar Resources plans to drill Rumiñahui, Los Osos and Macara on a 100% basis in 2020 and evaluate strategic options as the projects advance. The Company also awaits the re-opening of the national mining register later this year with interest. Salazar Resources has four project applications pending, and it is hoped that at least one of these new projects will be awarded when the register reopens. In addition the Company will submit several further applications for new projects and concession areas when the mining register opens.Responding to inbound strategic interest Salazar Resources intends to open formal discussion for farm-outs later in the year. The Company will be attending the Project Generators Hub a...