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Salazar Resources Consolidates Ecuador Copper-Gold Portfolio While Maintaining 25% Carried Interest in the El Domo Mine
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2026) - Salazar Resources Limited (TSX...
About this update from Salazar Resources Limited
[{"type":"text","content":"Salazar Resources Consolidates Ecuador Copper-Gold Portfolio While Maintaining 25% Carried Interest in the El Domo MineVancouver, British Columbia--(Newsfile Corp. - March 18, 2026) - Salazar Resources Limited (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) (\"Salazar\" or the \"Company\") is pleased to announce the successful closing of its previously announced acquisition of Ecuadorian exploration assets from Silvercorp Metals Inc. (\"Silvercorp\"), marking a significant step in consolidating the Company's copper-gold exploration portfolio in Ecuador.Salazar acquired from Silvercorp two of Silvercorp's subsidiaries, which subsidiaries hold interests in the Santiago, Pijilí & Tarqui-Quimi projects (the \"Projects\"), in exchange for a 1.5% net smelter return royalty in the Projects (the \"Royalties\"). This acquisition materially expands Salazar's ownership across several prospective exploration projects. This milestone provides the Company with full strategic control over a growing portfolio of copper-gold exploration assets in one of South America's most prospective metallogenic belts. Final guarantee documentation related to grant of the Royalties remains pending execution.Importantly, Salazar also retains a 25% carried interest in the El Domo copper-gold project, currently under construction and expected to become Ecuador's next producing mine, providing the Company with potential near-term exposure to mine development and future cash flow.With ownership consolidation largely complete, the Company is now focused on advancing priority exploration targets toward drilling in 2026.CEO CommentaryFredy Salazar, CEO of Salazar Resources, commented: \"The consolidation of these exploration assets represents an important milestone in the evolution of Salazar Resources. With full ownership of several prospective copper–gold projects and our 25% carried interest in the El Domo project currently under construction, Salazar now offers a unique combination of near-term development exposure and large-scale exploration upside.\"As Ecuador continues to emerge as a globally important mining jurisdiction, we believe our portfolio provides exceptional leverage to both copper and precious metals. Our focus now turns to advancing multiple high-priority targets toward drilling and unlocking the significant value we believe exists across our...