Business
Salazar Resources Exploration Update
Vancouver, British Columbia--(Newsfile Corp. - April 13, 2021) - SALAZAR RESOURCES LIMITED (...
About this update from Salazar Resources Limited
[{"type":"text","content":"Salazar Resources Exploration UpdateVancouver, British Columbia--(Newsfile Corp. - April 13, 2021) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQB: SRLZF) (\"Salazar\" or the \"Company\") is pleased to provide an update on the exploration activities within its wholly-owned portfolio of properties. Mapping, and rock chip and soil sampling at Los Santos has been carried out over approximately 12% of the area (Figure 1). Initial results indicate the area has gold potential (Figure 2). Nearby, at Los Osos, drilling is underway with OSOS-03 at a depth of 508 m (Figure 3). The targeted hole depth is 500-600 m, depending on mineralization intensity, and the core will be logged prior to despatch for assay. A geophysical survey at Macara Mina has highlighted feeder structures and possibly an intrusion at depth, both of which are associated with previously reported geological and geochemical anomalies (Figure 4). Drilling is planned at Macara Mina in H2 2021, contingent on the requisite permits being granted. At Rumiñahui preparations for a preliminary drill program of 3,000 m to test gold-copper targets are well advanced. The core shed is complete, and the team is ready to start drilling as soon as the requisite water permits are received. Perforaciones Andesdrill S.A, a wholly owned subsidiary of Salazar Resources, currently has one rig deployed at Los Osos, another two rigs currently available for work on the Curipamba and Pijili projects with Adventus Mining, and a fourth rig completing maintenance in HQ at Las Naves and ready to be deployed. The rigs will continue to work across the broader portfolio, as the drilling schedule demands, providing cost-effective drilling services for the Company.Fredy E. Salazar, CEO and President of Salazar Resources commented, \"Our drill rigs are turning and we have projects advancing in both the carried and the wholly-owned portfolio of properties. In particular, it will be great to see our original discovery at El Domo reach the milestone of a completed Feasibility Study later this year. 2021 remains on track to be Salazar's busiest ever year, as we explore and delineate in the search for the next great copper-gold discovery. Not only that, but in this election year we reiterate our commitment to ensuring that all of our exploration and development activities have a positive impact on Ecuadoria...