Business
Salazar Resources Provides Update on El Potro Project and Granting of Drilling Permits
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2023) - SALAZAR RESOURCES LIMITED (...
About this update from Salazar Resources Limited
[{"type":"text","content":"Salazar Resources Provides Update on El Potro Project and Granting of Drilling PermitsVancouver, British Columbia--(Newsfile Corp. - September 12, 2023) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) (\"Salazar\" 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 has identified high-grade gold values in a trench located in the Wayra anomaly; with the potential for a significant discovery. The Company has continued its permitting process and reports receiving its drilling permits. Highlights: La Wayra trench has rock samples with 92.07 g/t Au, 17.08 g/t Au and 12.38 g/t Au.The government has granted permits for drilling.Fredy E. Salazar, President y CEO of Salazar Resources said: \"El Potro project has significant potential for the discovery of gold and copper-molybdenum mineralization. The anomalies in both Wayra and Osos Negros are consistent, confirming the existence of a porphyry-type and epithermal system related to the Miocene belt in the Western Cordillera, which is fertile ground for successful exploration discoveries.\"BackgroundThe Correa Jirón concession, encompassing the 'El Potro' project, comprises two main mineralization systems:The Osos Negros anomaly spans for 1.5 km by 0.5 km, it forms a complex of porphyries with breccias and stockwork (Cu-Mo Porphyry) (News Release dated March 3, 2023).The Wayra anomaly, an epithermal system with the presence of silicified hydrothermal breccias containing pyrite and iron oxides. This mineralized body possibly corresponds to a low-angle structure exposed over a length of approximately 450 m by 100 m, with significant gold values in various areas of the structure, including free gold. Trench sampling yielded results of 44.7 meters at 2.54 g/t Au (News Release dated November 30, 2021).La Wayra Anomaly - El PotroSystematic channel and chip sampling continued on the La Wayra anomaly, covering new areas. A total of 21 samples were collected, ranging from 2 to 2.7 meters, and some at less than 1 meter. The results are presented in Table 1:SAMPLEWIDTH (m)Au_ppmAg_ppmAs_ppm801733212.387.9449780173822.6633.6329480173926.8566.7310480174120.813.168980174220.8182.5111380174324.6329.9383680174420.4051.7119580174522.7272.381380...