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Salazar Resources Ltd

Salazar expands El Domo, hits 16.5 metres of 4.49% copper and 0.51 g/t gold

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Salazar Resources (CVE:SRL) said Wednesday it expanded the El Domo deposit at its wholly-owned Curipamba project in Ecuador with new drill results.

The results are from the latest five diamond drill holes completed on the property. The holes, which totaled 1,217.6 metres, were drilled to test for mineralization to the east of the El Domo resource, and around CURI-160, which had intersected 10.31 metres grading 0.86 g/t gold, 17.32 g/t silver, and 6.02 percent copper earlier this year.

Significant results from the program include CURI-164, which returned 16.52 metres grading 0.51 g/t gold, 17.1 g/t silver, 4.49 percent copper, and 0.81 percent zinc.

"We are delighted with these results which continue to open up large areas of new mineralization under the andesite sill and east of the established resource blocks," said president and CEO, Fredy Salazar.

"We look forward to continued exploration and development of the El Domo deposit."

Salazar said these results, combined with previously reported assays, have identified an area measuring 150 square metres to the east of the northern block of the inferred resource on the property.

Other notable assay results include CURI-165, which hit 17.5 metres grading 0.49 g/t gold, 5.1 g/t silver, and 1.19 percent copper, and CURI-166, which intersected 4.79 metres at 0.88 g/t gold, 8.58 g/t silver, 1.27 percent copper, and 1.09 percent zinc.

The El Domo mineralization remains open to the east and to the south, the company said.

Earlier this year, Salazar reported an updated NI 43-101 compliant mineral resource estimate for the El Domo deposit.

The indicated resource, which does not include these latest results, consists of 5.53 million tonnes at an average grade of 2.4 percent copper, 2.5 percent zinc, 0.3 percent lead, 2.8 grams per tonne (g/t) gold and 48.4 g/t silver, containing 292.6 million pounds copper, 304.8 million pounds zinc, 36.5 million pounds lead, 498.0 thousand ounces gold and 8.6 million ounces silver.

In the inferred category, there are an additional 1.46 million tonnes at an average grade of 1.9 percent copper, 2.8 percent zinc, 0.3 percent lead, 2.4 g/t gold and 52.2 g/t silver, containing 61.2 million pounds copper, 90.1 million pounds zinc, 9.6 million pounds led, 112.6 thousand ounces gold and 2.45 million ounces silver.

Quick facts: Salazar Resources Ltd

Price: $0.18

Market: TSX-V
Market Cap: $22.77 m
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on 7/5/19

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