Business
Salazar Reports 20.2 g/t Au and 1,217 g/t Ag in Grab Sample, and Visible Gold in Drill Core at Los Santos, Partial Assays Received from Ruminahui
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2022) - SALAZAR RESOURCES LIMITED...
About this update from Salazar Resources Limited
[{"type":"text","content":"Salazar Reports 20.2 g/t Au and 1,217 g/t Ag in Grab Sample, and Visible Gold in Drill Core at Los Santos, Partial Assays Received from RuminahuiVancouver, British Columbia--(Newsfile Corp. - February 23, 2022) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQX: SRLZF) (FSE: CCG) (\"Salazar\" or the \"Company\") is pleased to announce sampling results and an update on drilling progress. At Los Santos, channel and rock chip samples from the Brecha Sur and Leon prospect areas confirm gold, copper, and silver mineralization. A Phase 1 drill program is underway at Los Santos, El Oro Province, with two holes completed for a total of 526 meters (\"m\"). Initial core samples from these two holes are at the laboratory, with assays pending. A second rig has been mobilized to site. An additional 2,500 m of drilling is planned to be completed in H1 2022, taking the drill program to approximately 3,000 m. Following the completion of drilling two holes at Rumiñahui, the rig was moved to Los Santos. Almost all the assays have been received from the holes, without significant mineralized intersections. Assays from the last 64 m of the first hole are pending.Highlights:Brecha Sur target - grab sample results include 20.2 g/t Au and 1,217 g/t AgEsperanza target - drillhole SAN-001 at a downhole depth of 132 m intersected a 10 m wide sheared and veined, sulphide-rich zone with fine visible gold 2 rigs at site, with the next holes planned for Leon and Brecha Sur Fredy E. Salazar, CEO, commented: \"Intersecting visible gold in core in the first hole is an encouraging start, even if we have to wait for the assay results to confirm the gold content. The VG, plus great rock chip results, and the fact that Los Santos is a large concession area with many drill targets, has prompted us to send a second rig to site. \"In the south of Los Santos we have discovered a series of hydrothermal breccias, Brecha Sur, with some grab samples returning good gold and silver grades. Interestingly it is along strike from Esperanza, where the first holes went in, so it could be linked to the same mineralizing system. Given its volume, Brecha Sur has good tonnage potential and it is a high priority drill target. \"With two rigs we can advance quickly and we should complete the drilling by the end of April, with assays to follow.\"Los Santos Background information to Los...