- Published: 08 February 2011
- Written by Editor
Salazar Intersects 28 m of 2 g/t Gold & 5% Copper at High-Grade El Domo VMS Deposit
Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) - Mr. Fredy Salazar, President and CEO, is pleased to announce the latest assay results from recent drilling at the El Domo deposit in the Las Naves Central area of its Curipamba Volcanic Hosted Massive Sulphide Project in Ecuador.
The results obtained from the last five drill holes at the El Domo deposit and surrounding areas have returned promising results. The El Domo deposit mineralization has been extended 50 meters to the North and 50 meters to the East in the southern portion of the deposit. The deposit now has a N-S strike length of 800m, averaging 200m width and averaging a 10m thickness (see Figure 1), and is still open in three directions: north, south and west.
Highlights:
-- Curi-87 intersected 27.61 meters of mineralization averaging 2.12 g/t
gold, 24.65 g/t silver, 4.97% copper and 1.11% zinc; and including 5.33
meters at 5.43 g/t gold, 87.87 g/t silver, 13.59% copper and 4.81% zinc.
-- Curi-83 intersected 4.05 meters at 2.13 g/t gold and 43.03 g/t silver
within more than 20 mof mineralization.
-- Curi-84 intersected 1.95 meters at 2.02 g/t gold; 98.08 g/t silver; 2.43
% copper and 7.81 % zinc within 3.75 m of mineralization.
"These drill results continue to demonstrate the outstanding high grade mineralization of the El Domo deposit." says Fredy Salazar, President and CEO. "We look forward to continued success and are eagerly awaiting the arrival of our second drill rig, expected in the next few weeks, in order to increase our efforts in developing this very exciting new VMS district."
The following table provides a summary of the significant intersections of each drill hole:
----------------------------------------------------------------------------
From To Width Gold Silver Copper Lead Zinc
Hole (m) (m) (m) (g/t) (g/t) (%) (%) (%)
----------------------------------------------------------------------------
CURI-83 96.60 100.65 4.05 2.13 43.03 0.01 0.06 0.16
and 114.00 116.00 2.00 0.40 10.40 0.22 0.04 2.62
----------------------------------------------------------------------------
CURI-84 82.00 85.75 3.75 1.16 54.94 1.40 0.15 4.16
including 83.80 85.75 1.95 2.02 98.08 2.43 0.27 7.81
----------------------------------------------------------------------------
CURI-85 83.30 89.30 6.00 0.39 14.05 0.75 0.10 0.41
including 88.21 89.30 1.09 1.21 27.50 2.06 0.01 0.25
----------------------------------------------------------------------------
CURI-86 211.46 213.50 2.04 0.46 2.63 0.14 0.10 1.61
----------------------------------------------------------------------------
CURI-87 39.95 67.56 27.61 2.12 24.65 4.97 0.07 1.11
including 45.40 67.56 22.16 2.56 29.73 6.10 0.08 1.25
and 45.40 50.73 5.33 5.43 87.87 13.59 0.29 4.81
----------------------------------------------------------------------------
(i)widths reported are not true width
Technical Highlights:
Hole 86 was sited to test a small and moderate response IP geophysical anomaly midway between the drill indicated El Domo deposit and the outcropping mineralization at El Gallo. At El Gallo semi massive sulphide is hosted in faulted upper tuffaceous unit (utu) rocks that form the hanging wall to the El Domo deposit. The drill hole shows that the utu rocks are an erosional remnant with the absence of the VMS marker horizon. The IP anomaly is explained by the approximately 50m of weakly disseminated and veinlet hosted base metal mineralization in the footwall rocks.
Details of each drill hole and location relative to other significant intersections are described as follows:
----------------------------------------------------------------------------
Hole Location of
Drill Depth nearest significant
Hole Section Azimuth Dip (m) intersection
----------------------------------------------------------------------------
DDH 83 100m north of DDH 77 -
10 g/t Au;
130 g/t Ag;
90 8.5% Cu
degrees -80 and 8.0% Zn
5600 N strike degrees 124.05 over 11.5 m
----------------------------------------------------------------------------
DDH 84 50 m east of DDH 71 -
23.86 g/t Au;
1252 g/t Ag;
2.29% Cu;
90 5.69% Pb
degrees -70 and 26.28% Zn
4950 N strike degrees 144.25 over 1.91 m
----------------------------------------------------------------------------
DDH 85 270 50m east of DDH 70 -
degrees -85 2.28% Zn
4900 N strike degrees 132.00 over 8.36 m
----------------------------------------------------------------------------
DDH 86 90 250 m southwest of
degrees -80 the known
4700 N strike degrees 224.70 El Domo deposit
----------------------------------------------------------------------------
DDH 87 50 m south of DDH 56 -
11.32 g/t Au;
195 g/t Ag;
90 3.75% Cu
degrees -75 and 8.19% Zn
5150 N strike degrees 107.95 over 15.9 m
----------------------------------------------------------------------------
The above information has been prepared under the supervision of Tom Healy P.Eng. who is designated as a Qualified Person as defined by NI-43-101 with the ability and authority to verify the authenticity and validity of the data.
A QC program was used whereby 5% of all samples sent to the laboratory were standard samples with known silver and gold values. Sample preparation was performed by BSI Inspectorate Quito, Ecuador, using standard industry practices (sample prep minus 32). Analytical work was carried out at the BSI Inspectorate Laboratory in Lima, Peru, using fire assay methods for gold (Au-25 procedure). Standard samples, blanks and duplicate check samples were randomly inserted to the sample batch to ensure quality control.
ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED
Fredy Salazar, President & CEO
Salazar Resources Limited
Salazar Resources Ltd. is a publicly-listed (TSX VENTURE:SRL)(FRANKFURT:CCG) mineral resource company engaged in the exploration and development of new highly prospective areas in Ecuador. Led by a senior Ecuadorian management team and most notably by its namesake Fredy Salazar, this team has been instrumental in other major discoveries throughout Ecuador. Being an Ecuadorian based company gives the company a strategic advantage enabling the company to complete exploration at a rapid pace. With an excellent property portfolio (3 projects- 42,900 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador and throughout South America.
Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in the forward looking statements. Although we believe that the expectations in the forward-looking statements are reasonable, actual results may vary, and future results, levels of activity, performance or achievements cannot be guaranteed.
To view "Figure 1", please visit the following link: http://media3.marketwire.com/docs/SZR1.pdf.
SOURCE: Salazar Resources Limited
First Canadian Capital 1.866.580.8891 This email address is being protected from spambots. You need JavaScript enabled to view it. www.salazarresources.com
