Vancouver, British Columbia--(Newsfile Corp. - June 30, 2026) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) ("Salazar" or the "Company") is pleased to report results from its recent rock and soil sampling program and detailed geological mapping at its 100%-owned Monja Project in Ecuador. These results build upon the Company's previously reported (press release from April 8, 2026) identification of a high-priority copper-gold porphyry target and further demonstrate the scale and continuity of mineralization at surface.
Highlights
Porphyry-style mineralization confirmed with high-grade rock samples, including:
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1.71% Cu, 0.99 g/t Au, 10.3 g/t Ag, 162 ppm Mo (Sample 200101)
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1.09% Cu, 0.61 g/t Au (Sample 200079)
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1.29% Cu, 0.61 g/t Au, 10.4 g/t Ag (Sample 51744)
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Soil sampling returned 70% of samples >100 ppm Cu, indicating lateral extension of mineralization
Detailed mapping confirms strong stockwork veining with densities averaging ~10 veins per meter in a 150-meter creek
Mineralized footprint with porphyry-related alteration defined over an area of approximately 1.5 km by 0.5 km
CEO Commentary
Freddy Salazar, President and CEO, commented: "These results continue to support our interpretation of Monja as a well-developed copper-gold porphyry system. The consistency of copper values across surface samples, combined with encouraging gold grades and strong veining observed in mapping, provides us with increased confidence in the scale of the system."
Rock Sampling Results
Following the results reported on April 8, 2026, Salazar has collected a total of 99 rock samples across the Monja Project target area, consisting primarily of rock chip samples with two channel samples. Results show that 64 samples (64%) returned copper values greater than 300 ppm, including 20 samples (20%) exceeding 1,000 ppm Cu. Table 1.
Mineralization is hosted within granodiorite and quartz-feldspar porphyry and occurs as hydrothermal breccias (breccia pipes) and stockwork veining. Observed sulphide mineralization includes chalcopyrite, pyrite, and bornite and is accompanied by silica, mostly in veins type B and D. Alteration is characterized by propylitic assemblages that transition into phyllic and argillic zones, marked by chlorite-rich intervals grading into silica- and sericite-dominated alteration. Localized occurrences of K-feldspar, magnetite, and green sericite are also present.
The distribution of alteration styles is consistent with a vertically and laterally zoned porphyry system and may represent either a high-level exposure or a structurally complex, telescoped system¹. Further work is required to refine the interpretation.