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Salazar Resources Starts 3,000 Meter Drill Program at Rumiñahui, Pichincha, Ecuador
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2021) - SALAZAR RESOURCES LIMITED ...
About this update from Salazar Resources Limited
[{"type":"text","content":"Salazar Resources Starts 3,000 Meter Drill Program at Rumiñahui, Pichincha, EcuadorVancouver, British Columbia--(Newsfile Corp. - October 22, 2021) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQX: SRLZF) (FSE: CCG.F) (\"Salazar Resources\" or the \"Company\") is pleased to announce that it has started a c. 3,000 meter (m) diamond drill program at its 100% held Rumiñahui project in northern Ecuador.HighlightsThe Rumiñahui concessions cover 2,910 hectares and exhibit several historic adits and workings at the Company's primary target, the San Francisco anomalyMapping and sampling have indicated the presence of gold-bearing sulphide mineralization, porphyry-style alteration, multiple shear and breccia zones, and veiningTrench results include 55 m @ 2.76 g/t Au at surfaceFredy E. Salazar, President and CEO of Salazar Resources said, \"We are excited to have started our drill program at Rumiñahui. The style of the gold and copper mineralization I have seen at surface here indicates that there could be a major porphyry copper system at depth. This drill program is a seminal event for the Company and our team has worked closely with the local community and forged strong relationships to enable the work to advance.\"RUMIÑAHUI The geology of the property consists primarily of Cretaceous rocks from the Malute Formation and Pilaton Formation. The former consists of sandstones, limestones to marls, and volcanoclastic andesite. The Pilaton Formation consists of massive volcanoclastics, breccia, and green limey shales. These formations have been intruded by granodiorite, diorite, and quartz diorite stocks and dikes. Alteration consists primarily of chlorite, sericite, carbonate and silicification. These rocks have been cut by extensive faulting and shearing with local injection of quartz, sulphides and occasionally enrichment in gold. The main target area at Rumiñahui is the San Francisco anomaly. The area is of interest because of the potential for additional gold-copper-(silver) mineralization that is found in an exploration area where very little historical mineral exploration had been done. Salazar Resources sampling in 2006 indicated 2.76 g/t of gold over 55m and the San Francisco Prospect was previously mined by informal miners. The anomaly is a large (>60 m wide) multiple shear/breccia zone with quartz b...