Updated Mineral Resources, Mineral Reserves and Enhanced Project Economics for the Curipamba-El Domo Project, Ecuador
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2026) - Salazar Resources Limited (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) ("Salazar" or the "Company") is pleased to provide an update on the Curipamba-El Domo polymetallic project ("El Domo" or the "Project"), located in the Bolívar and Los Ríos provinces of Ecuador. The update is based on an independent NI 43-101 Technical Report prepared by SRK Consulting (China) Ltd. ("SRK") for the Project operator, Silvercorp Metals Inc. ("Silvercorp"), with an effective date of December 31, 2025 and issued on May 31, 2026 (the "2025 Technical Report"), and includes a comparison with the October 26, 2021 Feasibility Study (the "2021 FS"). Salazar retains a 25% carried interest in the Project, while Silvercorp holds the remaining 75% interest and serves as the operator.
"The new economic analysis in the 2025 Technical Report significantly upgrades our flagship asset, directly benefiting every Salazar Resources shareholder. The new study confirms the quality of the deposit and reflects a meaningful increase in after-tax net present value, while additional mineralized material remains in place with the potential to further extend the mine's operating life. This is positive news for Salazar, our loyal shareholders, the local communities and all stakeholders. With construction on track, and first production expected in 2027, El Domo is transitioning from study to cash generation. Through our fully carried 25% interest, shareholders gain exposure to a producing copper-gold asset without further development funding, positioning the Company for a durable future cash flow stream."
— Fredy Salazar, CEO, Salazar Resources
Key Highlights
Mineral Resource:
Measured + Indicated (M+I) Mineral Resources increased by 27%, from 9 Mt to 11.4 Mt, grading 1.85% Cu, 2.11 g/t Au, 2.42% Zn, 0.22% Pb, and 41.69 g/t Ag.
Inferred Mineral Resources increased by 245%, from 1.1 Mt to 3.8 Mt, grading 0.46% Cu, 0.97% Zn, 0.13% Pb, 0.80 g/t Au, and 28.49 g/t Ag.
El Domo Project Mineral Reserves:
Mineral Reserves (Proven + Probable): 7.13 Mt, an increase of 10% compared to the 6.48 Mt reserves reported in the 2025 Technical Report.
The metal content of the reserves increased by 10% for copper (137.7 kt), 11% for gold (584 koz), 16% for zinc (187.7 kt), 14% for lead (18.4 kt), and 15% for silver (11.0 Moz).
Update on the Analysis of Economic Data for the El Domo Project: