Posted in | Gold | Lead | Silver | Zinc | Cobalt

Salazar Resources Reports Phase IV Diamond Drilling Results from Curipamba VMS Project

Published on May 15, 2012 at 3:20 AM

By G.P. Thomas

Salazar Resources has announced the new results obtained from the phase IV diamond drilling program carried out at its Curipamba volcanogenic massive sulphide (VMS) project, located in Ecuador. The phase IV program included 51 latest new exploratory drill holes.

The company has reported drill results of 11 holes, excluding the hole CURI-184. The results obtained are from an exploratory drill program conducted at the western and eastern parts of the El Domo deposit. So far, the company has announced the results for 30 holes drilled during the phase IV program and the results of the remaining 21 holes are pending.

Hole CURI-184 was specifically drilled near the Indicated resource’s east limit. This hole cut large mineralization containing copper, gold, silver and zinc, and validated the continuity of the mineralization in this region.

The company drilled this hole CURI-185 near the andesite sill’s projected north limit. Considerable mineralization was intersected in this hole and is exposed towards the western, northern, and southern parts. Anomalous mineralization, containing precious metal, below the andesite sill was encountered in the step out holes CURI-175, 176 and 179. The company was interested in the holes CURI-177, 178 and 180, which were drilled towards the El Domo deposit’s eastern part.

Salazar’s CEO and President, Fredy Salazar stated that the company has carried out the phase IV drilling campaign at El Domo deposit and has de-mobilized drilling rigs. The company is waiting for the final results of the drilling program and will plan about advancing the upcoming development of the deposit in order to increase shareholders value. The surface geological program is being continued with an aim of discovering and proving fresh target areas. Further results from the phase IV program are pending. Salazar is delighted to receive the results, which show the occurrence of mineralization outside the well-known resource blocks. This program has discovered fresh targets, having the capability to increase the resource of the El Domo deposit, according to Fredy.


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