Business
Salazar Provides Updates on Exploration at Los Osos and an Executive Appointment
Vancouver, British Columbia--(Newsfile Corp. - January 29, 2020) - SALAZAR RESOURCES LIMITED...
About this update from Salazar Resources Limited
[{"type":"text","content":"Salazar Provides Updates on Exploration at Los Osos and an Executive AppointmentVancouver, British Columbia--(Newsfile Corp. - January 29, 2020) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (FSE: CCG.F) (\"Salazar\" or the \"Company\") is pleased to provide an update on the Osos project, El Oro province, Ecuador, and to announce the appointment of Merlin Marr-Johnson as Executive Vice-President:Highlights● Extensive sulphide mineralization within porphyries, metamorphic rocks and hydrothermal breccias mapped and tested, peaking at 14.5 g/t gold over 0.6 m in a veined quartzite ● Apparent correlation of gold and copper grades with sulphide intensity● Numerous old workings for gold-silver in high-grade veins and in some hydrothermal breccia zones ● Targets identified for imminent drill programFredy Salazar, CEO of Salazar Resources commented, \"Work at Los Osos has returned excellent results with extensive mineralization identified in porphyritic intrusions, metamorphics, and in hydrothermal breccia bodies to date. Sampling and mapping of the extensive network of adits and galleries is ongoing, and we have already drawn up drill targets on previously untested bodies. What makes the Osos project so compelling is that it is only 10 km south of the 17 Moz Cangrejos gold project and Pacho Soria, our Chief Geologist, led the discovery team at Cangrejos. He knows the geology at Cangrejos intimately, and recognizes a very similar mineralizing system at Los Osos. Extensive artisanal work at Los Osos historically focused on high-grade, narrow veins. The potentially higher tonnage bodies with disseminated mineralization will be drill-tested for the first time by Salazar Resources this year.We also congratulate Merlin on his promotion to Executive Vice President. Merlin is already an integral member of the management team and will continue to contribute leadership as Salazar Resources focuses on delivering value through discovery in Ecuador.\" Los OsosLocationThe Osos project is located in the southwest of Ecuador, in El Oro province, 35 km to the southeast of the town of Machala (population ~240,000), and 10 km to the southwest of the Cangrejos project. Cangrejos is the flagship project for Lumina Gold which contains 16.7 million ounces of gold in the measured and indicated categories, as per the NI 43-101 report publ...