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Salazar Resources Drilling Update - New Gold Zone Intersected at Los Santos
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2022) - SALAZAR RESOURCES LIMITED (TS...
About this update from Salazar Resources Limited
[{"type":"text","content":"Salazar Resources Drilling Update - New Gold Zone Intersected at Los SantosVancouver, British Columbia--(Newsfile Corp. - June 22, 2022) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQX: SRLZF) (FSE: CCG) (\"Salazar\" or the \"Company\") is pleased to announce the final results from the 2,575m Los Santos exploration drilling program, where drilling has intersected a significant new gold zone. A total of 13 holes were drilled, with the drilling results from four holes reported on May 31, 2022. The assays from the remaining nine holes are reported here. Two holes were drilled into the Fortuna target area (\"Fortuna\") in the northwest of the concession and have intersected a new gold zone which starts at outcrop and extends to significant depth. Fortuna is 700 m away from the Cangrejos concession boundary and less than 2 km from the center of the Cangrejos main mineral resource, held by Lumina Gold (Figures 1 and 2). Lumina Gold quotes resources of 10.4 Moz gold in the Indicated category at a grade of 0.57 g/t Au. The drilling results from seven holes at Brecha Sur returned narrow widths of mineralized material. Highlights:Drillhole SAN-010 (Fortuna) returned 103.0 m @ 0.52 g/t Au, 0.16% Cu, 217 ppm Mo from surface, including 67.6 m @ 0.73 g/t Au, 0.21% Cu and 271 ppm Mo from surfaceDrillhole SAN-009 (Fortuna) returned 22.3 m @ 0.67 g/t Au, 0.21% Cu, and 89 ppm Mo from 5.1mFredy E. Salazar, CEO, commented: \"We are encouraged with the drilling results at Fortuna which have identified a strongly mineralized system. Both holes (SAN-009 and SAN-010) returned thick intersections of gold, copper, and associated alteration from surface. These results are a play-opener in the Fortuna target area. Fortuna is located close to known mineral resources at Cangrejos where Lumina Gold is finding extensions to existing resources in expansion drilling. Brecha Sur drill results show that the geology at depth did not correlate with the spectacular trench results at surface. \"We will now plan Phase 2 exploration program at Los Santos, based on a new geological interpretation incorporating the recent drillhole data.\"Salazar Resources' goal is to make the country's next commercial copper-gold discovery. The Company also aims to find partners for some projects and to retain at least one project on a 100% ownership basis to drive wholly-owned growth and...