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Resource Clips


Posts tagged ‘Salazar Resources Limited (SRL)’

Salazar reports Ecuador assays of 3.05 g/t Gold, 57.48 g/t Silver over 3.2m

May 14th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSalazar Resources Limited TSXV:SRL announced results from its Curipamba VMS Project in Ecuador. Assays include

2.26 g/t gold and 59.27 g/t silver over 4.6 metres
1.09 g/t gold and 66.1 g/t silver over 1.4 metres
1.49 g/t gold and 13.81 g/t silver over 5.1 metres
3.05 g/t gold, 51.24 g/t silver, 0.86% copper, 0.85% lead and 7.88% zinc over 3.6 metres
3.9 g/t gold, 102.77 g/t silver and 5.99% zinc over 2.1 metres
3.05 g/t gold, 57.48 g/t silver, 2.14% copper and 4.45% zinc over 3.2 metres

President/CEO Fredy Salazar stated, “We have now completed the Phase IV drill program at El Domo and drill rigs have been demobilized. We await final results from the drill program and then will begin planning on how to best advance the future development of El Domo to maximize shareholder value. While the Phase IV drill program has concluded, we are continuing with our surface geological program with the objective of identifying and proving up new targets. While additional results from the Phase IV drill program are pending, we are very pleased with the results to date which continue to demonstrate the presence of mineralization outside the established resource blocks. The Phase IV drill program has successfully identified new areas with potential to increase the El Domo resource.”

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Contact:
Investor Relations
647.925.8981

by Ted Niles

Salazar reports Ecuador Assays of 6.4 g/t Gold, 215.25 g/t Silver, 3.98% Copper over 5.3m

April 10th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSalazar Resources Ltd TSXV:SRL announced results from its Curipamba VMS Project in Ecuador. Assays include

6.4 g/t gold, 215.25 g/t silver, 3.98% copper, 1.71% lead and 12.54% zinc over 5.3 metres
(including 23.47 g/t gold, 732 g/t silver, 3.55% copper, 6.57% lead and 38.86% zinc over 1.22 metres)
0.31 g/t gold, 11.45 g/t silver, 0.15% copper, 0.1% lead and 1.57% zinc over 33.5 metres
(including 1.36 g/t gold, 43.94 g/t silver, 0.02% copper, 0.11% lead and 0.16% zinc over 5.3 metres)
1.11 g/t gold, 24.47 g/t silver, 0.2% copper, 0.46% lead and 1.87% zinc over 6.6 metres
1.55 g/t gold, 42.85 g/t silver, 1.65% copper, 0.32% lead and 4.16% zinc over 4.1 metres

President/CEO Fredy Salazar commented, “These new results continue to show potential to increase the El Domo resource in multiple directions. The intersections in CURI-169 and 171 demonstrate additional potential to the southwest, while the intersection in CURI-170 shows the mineralization remains open in the northeast. Additional drilling is required in both areas to follow up these positive results.”

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Contact:
Investor Relations
647.925.8981

by Greg Klein

Salazar reports Ecuador Assays of 231 g/t Silver, 28.1 g/t Gold over 2m

February 24th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSalazar Resources Limited TSXV:SRL announced chip samples from its Santiago project in Ecuador. Highlights include

28.1 g/t gold and 231 g/t silver over 2 metres
26 g/t gold and 242 g/t silver over 1 metre
18.2 g/t gold and 252 g/t silver over 1 metre
4.8 g/t gold and 442 g/t silver over 1 metre
4.8 g/t gold and 378 g/t silver over 1.4 metres
6.4 g/t gold and 136 g/t silver over 1.2 metres
4.2 g/t gold and 183 g/t silver over 1.2 metres

President/CEO Fredy Salazar, “This project was acquired in December 2010. The results obtained from initial reconnaissance exploration are very encouraging as they indicate the potential of the property to deliver significant discoveries.”

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Contact:
Salazar Resources Ltd
Investor Relations
647.925.8981

by Ted Niles

Salazar completes $3M Private Placement

February 3rd, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSalazar Resources Limited TSXV:SRL announced the completion of $3 million private placement consisting of 6 million units at a price $0.50 per unit. By taking up 80% of the financing Lundin Mining TSX:LUN has earned a 15.4% interest in Salazar. Silvercorp Metals TSX:SVM also participated in the private placement to maintain their pro-rata interest of 10.7%. The proceeds of the financing will be used to fund Salazar’s exploration properties and for general working capital.

CEO Fredy Salazar commented, “Lundin Mining Corporation is world-renowned for their successes in identifying and advancing high-quality mineral development projects through to production. We look forward to working with this experienced and highly regarded group. Salazar management believes that the new interest and investment by Lundin, as well as Silvercorp’s continued investment and support is a testament to the quality and potential of the El Domo project.”

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Contact:
Salazar Resources Limited
Investor Relations
647.925.8981

by Ted Niles

Salazar reports Ecuador Assays of 0.59 g/t Gold, 33.54 g/t Silver over 20.6m

January 27th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSalazar Resources Limited TSXV:SRL announced results from its Curipamba VMS project in Ecuador. Assays include

0.67 g/t gold and 26.13 g/t silver over 12.5 metres
(including 1.52 g/t gold and 33.05 g/t silver over 2.7 metres)
0.59 g/t gold and 33.54 g/t silver over 20.6 metres
(including 1.8 g/t gold and 146.7 g/t silver over 0.8 metres)
25.27 g/t silver over 7.9 metres
80.9 g/t silver over 0.7 metres

President/CEO Fredy Salazar said, “We are very encouraged by these latest drill holes, specifically DDH 155 located 600-metres east of the current resource estimate area, as it considerably opens the potential to extend the El Domo deposit and/or to encounter new VMS lenses. This step-out hole further validates the idea that the El Domo deposit has the potential to increase significantly beyond the current size of the resource.”

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Contact:
Salazar Resources Ltd
Investor Relations
647.925.8981

by Ted Niles

Salazar reports Ecuador Assays of 1.21 g/t Gold, 2.36% Copper over 17.9m

December 1st, 2011

Resource Clips - essential news on junior gold mining and junior silver miningSalazar Resources Limited TSXV:SRL announced assay results from its Curipamba VMS project in Ecuador. Highlights include

1.04 g/t gold, 30.06 g/t silver, 3.29% copper and 3.77% zinc over 8.2 metres
1.21 g/t gold and 2.36% copper over 17.9 metres
3.99 g/t gold, 89.76 g/t silver, 1.34% copper and 7.89% zinc over 4.3 metres
1.2 g/t gold and 18.64 g/t silver over 6.7 metres
1.64 g/t gold and 124.23 g/t silver over 3.8 metres

President/CEO Fredy Salazar said, “We are extremely pleased that seven of the 10 holes intersected significant mineralization under the andesite and that the deposit remains open to the east. The better results to date have been encountered in the northern portion of this newly tested area, however encouraging results were also obtained to the south from widely-spaced reconnaissance holes. These results confirm our belief that the area to the east of El Domo warrants further investigation. We continue to aggressively explore and drill at El Domo and Curipamba, and look forward to reporting additional results as well as a new NI 43-101-compliant El Domo resource estimate in the near future.”

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Contact:
Greig Hutton
Investor Relations
519.473.9998

by Ted Niles

Salazar reports Ecuador Assays of 3.3 g/t Gold, 100.05 g/t Silver over 8.2m

October 18th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningSalazar Resources Limited TSXV:SRL announced assay results from the El Domo deposit of its Curipamba VMS project in Ecuador. Highlights include

0.57 g/t gold and 22.65 g/t silver over 5.7 metres
2.1 g/t gold and 100.02 g/t silver over 4.3 metres
(including 4.87 g/t gold and 231.45 g/t silver over 1.8 metres)
3.3 g/t gold and 100.05 g/t silver over 8.2 metres
(including 9.28 g/t gold and 244.07 g/t silver over 2.8 metres)
0.52 g/t gold and 25.92 g/t silver over 11.42 metres
(including 1.37 g/t gold and 73.2 g/t silver over 1.8 metres)

President/CEO Fredy Salazar commented, “We are very pleased to see the results in holes CURI-118 and CURI-122 as they provide evidence of mineralization continuing in the extreme southwest of the El Domo Deposit. These drill holes indicate that the mineralization is open to the southwest and the company will continue to drill test to better define the mineralization in this area.”

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Contact:
Greig Hutton
Salazar Resources Limited
519.473.9998

by Ted Niles

Salazar reports Ecuador Assays of 6.73 g/t Gold, 45.80 g/t Silver over 22.7m

March 30th, 2011

Salazar Resources Limited TSXV:SRL announced results from the El Domo Deposit of its Curipamba Property in Ecuador. Assays include 0.76 g/t gold and 1.13% copper over 11.4 metres (including 1.19 g/t gold and 3.18% copper over 2.8 metres), 1.24 g/t gold, 19.6 g/t silver and 0.74% copper over 11.2 metres (including 2.77 g/t gold, 45.74 g/t silver and 1.42% copper over 2.9 metres), and 6.73 g/t gold, 45.8 g/t silver and 4.69% copper over 22.7 metres (including 10.77 g/t gold, 84.1 g/t silver and 9.86% copper over 9.9 metres).

President/CEO Fredy Salazar commented, “The El Domo drill program continues to produce excellent results. Drill hole 99 has yielded excellent results and is one of the highest gold grade intercepts achieved to date. We are pleased with the continuing results from this ongoing drill program.”

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Contact:
Greig Hutton
Manager, Investor Relations
519.437.9998

by Ted Niles

Salazar reports Ecuador assays up to 3.27 g/t Gold over 16.1m

March 3rd, 2011

Salazar Resources Limited TSXV:SRL announced assays from the El Domo Deposit in the Las Naves Central Area of its Curipamba Project in Ecuador. Results include 6.8 g/t gold and 238.53 g/t silver over 2.9 metres, 4.87 g/t gold and 73.65 g/t silver over 1.5 metres, 5.3 g/t gold and 134.1 g/t silver over 1.5 metres, and 3.27 g/t gold and 74.88 g/t silver over 16.1 metres (including 3.85 g/t gold and 116.99 g/t silver over 3.3 metres).

President/CEO Fredy Salazar remarked, “The 16-metre intersection in DDH 94 is particularly important due to its position relative to a 3.13 metre high-grade intersection in DDH 22 located approximately 180 metres to the northeast. We are optimistic that additional drilling in this area will establish continuity of potentially economic mineralization between these two drill holes and the current resource boundary, further adding to what is already an exciting resource.”

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Contact:
First Canadian Capital
866.580.8891

by Ted Niles

Salazar reports Ecuador Assays of 4.77 g/t Gold, 181.76 g/t Silver over 3.8m

February 24th, 2011

Salazar Resources Limited TSXV:SRL announced results from the El Domo Deposit of its Curipamba Project in Ecuador. Assays include 4.77 g/t gold and 181.76 g/t silver over 3.8 metres (including 6.07 g/t gold and 268.1 g/t silver over 1.2 metres).

President/CEO Fredy Salazar commented, “This new gold zone is a very important discovery for Salazar as it reinforces the potential for the discovery of significant and numerous precious metal deposits typically found at the periphery of VMS style systems such as El Domo. We plan to conduct additional drilling in this area to determine if there is a direct link between this new gold zone and the massive sulphide horizon at El Domo, or if it is related to another entirely new system.”

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Contact:
First Canadian Capital
866.580.8891

by Ted Niles