Business
Salazar Resources Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2023) - SALAZAR RESOURCES LIMITED (TSXV:...
About this update from Salazar Resources Limited
[{"type":"text","content":"Salazar Resources Provides Corporate UpdateVancouver, British Columbia--(Newsfile Corp. - March 3, 2023) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQX: SRLZF) (FSE: CCG) (\"Salazar Resources\" or the \"Company\") is pleased to report on exploration activities on the 1,175 hectare Correa-Jiron concession (\"El Potro\") project in the Loja porphyry district of southern Ecuador. Salazar Resources has identified a porphyry system at El Potro with significant exploration potential. Highlights:Copper and molybdenum coincident anomalies 1.5 km x 0.5 kmLarge porphyry complex with breccias and stockworks Green Rocks Vectoring report indicates Tier-1 porphyry characteristicsFredy E. Salazar, President and CEO of Salazar Resources said, \"El Potro has great exploration potential. The copper and molybdenum anomalies are open along strike and the geology indicates a highly active mineral system. El Potro is located in the main fairway of a prolific Miocene age belt hosting a number of copper and gold deposits. Salazar Resources has the potential to add to the list of discoveries with exploration success at El Potro.\"BackgroundAs previously reported (November 30, 2021), El Potro is located in the Western Cordillera in the Loja Province, south Ecuador. The license area lies within the mineralized Miocene Belt, only 40 km to the north of the giant Rio Blanco1 deposit in Peru. The USGS reports that Rio Blanco hosts resources of 1,257 Mt @ 0.57% and 228ppm Mo. The Bramaderos Project, a new discovery, is 66 km to the northwest.Salazar Resources believes the project is prospective for porphyry and epithermal mineralization throughout its concession.In 2022 Salazar Resources carried out extensive fieldwork at El Potro. Exploration has identified two areas, approximately 1 km apart from each other, with elevated to anomalous copper and molybdenum in rock samples (Figures 3 and 4). In addition, a Green Rocks Vectoring report was carried out by the Natural History Museum, London, UK. Figure 1: Regional geologyTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4631/157246_039bbe6b347aea04_001full.jpgFigure 2: Location mapTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4631/157246_039bbe6b347aea04_002full.jpgEl Potro (La Wayra Anomaly)Exploration resu...