Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) - Mr. Fredy Salazar, President and CEO, has announced 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, 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."
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.
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.
Source: Salazar Resources Ltd.