Business
Salazar Resources: Ownership of Santiago Copper-Gold Project Consolidated Untested Porphyry Core and 3 km × 2 km Anomalous Zone Define a High-Priority Target
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2026) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) ("Salazar" or the "Company")
About this update from Salazar Resources Limited
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 22, 2026) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) (\"Salazar\" or the \"Company\") is pleased to announce that it has consolidated 100% ownership of the Santiago Project (\"Santiago\"), located approximately 37 km north of the city of Loja in Loja Province, southern Ecuador, and to provide a comprehensive update on the project's exploration history and forward strategy. Santiago hosts a compelling copper-gold porphyry target beneath a near-surface epithermal system. A broad program of historical drilling, airborne geophysics, and recent surface sampling has collectively defined a coincident geochemical and geophysical anomaly measuring approximately 3 km by 2 km - with the core of the porphyry system interpreted to remain entirely untested at depth. With full ownership now established, Salazar is positioning Santiago as a key priority for its next phase of exploration. PROJECT SNAPSHOT Location Loja Province, southern Ecuador Concession Area 2,350 hectares (single concession) Ownership 100% Salazar Resources Target Type Copper-gold porphyry with near-surface epithermal overprint Anomalous Zone ~3 km × 2 km (coincident geochemistry, geophysics & alteration) Porphyry Core Untested at depth - primary opportunity for future drilling EXPLORATION HIGHLIGHTS Historical Drilling by Newmont (1998) Three shallow drill holes intersected significant Cu-Au mineralization within the lithocap, interpreted to overlie a porphyry system at depth: FUD-01: 323.09 m @ 0.23% Cu and 0.40 g/t Au (0.72% CuEq), including 10.80 m @ 0.58% Cu and 0.40 g/t Au (1.07% CuEq) FUD-02: 267.80 m @ 0.24% Cu and 0.43 g/t Au (0.76% CuEq), including 170.95 m @ 0.33% Cu and 0.55 g/t Au (1.00% CuEq) FUD-09: 295.17 m @ 0.22% Cu and 0.20 g/t Au (0.46% CuEq), including 67.86 m @ 0.79% Cu and 0.27 g/t Au (1.12% CuEq) Airborne MobileMT Geophysical Survey by Adventus Mining (2019) A large, coherent low-frequency conductivity anomaly was identified beneath the lithocap, interpreted as a sulphide-rich porphyry system at depth. A complementary TMI-RTP magnetic low (~2 km × 1.5 km), encircled by areas of higher magnetic response, is consistent with magnetic mineral destruction from hydrothermal alteration. Surface Sampling Program by Adventus Mining 2021-2022 (1,477 Samples) A combined Au-Cu...