** SALAZAR RESOURCES** A0MMLD SRL ** Research Teil1; Start 21.3.07 (Seite 22)
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Adventus earns in 75% of Curipamba from Salazar
2021-12-10 20:55 ET - News Release
Also News Release (C-SRL) Salazar Resources Ltd
Mr. Christian Kargl-Simard of Adventus reports
ADVENTUS MINING DELIVERS OPTION EXERCISE NOTICE FOR COMPLETION OF EARN-IN REQUIREMENTS TO ACQUIRE MAJORITY OWNERSHIP OF THE CURIPAMBA COPPER-GOLD PROJECT AND FILES NI 43-101 TECHNICAL REPORT
A National Instrument 43-101 technical report supporting the recently completed feasibility study on Adventus Mining Corp. and Salazar Resources Ltd.'s Curipamba copper-gold project in Ecuador has been filed. The results summary of the Curipamba feasibility study was previously announced in a October 26, 2021 news release.
With this filing, Adventus has completed the final significant milestone requirement under its earn-in option to acquire 75% ownership of Curipamba pursuant to the amended and restated earn-in option agreement between the Partners, dated September 19, 2019 ("Earn-In Option"). Adventus has delivered written notice of the exercise of the Earn-In Option to Salazar. Within the next 30 days, the Partners will complete the earn-in mechanics and issue to Adventus shares representing 75%-ownership in a Canadian subsidiary of Salazar that indirectly owns 100% of the Curipamba project (the "Shares"). Upon the Shares being issued to Adventus, a shareholders' agreement will manage the respective rights and obligations of the Partners as shareholders of the joint venture subsidiary.
President and CEO of Adventus, Christian Kargl-Simard stated: "Adventus is pleased to announce this major milestone which is a culmination of significant multi-disciplinary efforts by our team of professionals, partners, and shareholders since our 2017 decision to enter the Curipamba project and Ecuador. In particular, we would like to thank Fredy Salazar and the Salazar Resources team for trusting and working closely with us to position Curipamba to where it is today. Adventus looks forward to further realizing significant value and catalysts from Curipamba in 2022 and beyond."
President and CEO of Salazar, Fredy Salazar stated: "We want to thank the entire Adventus team for their valued role in delivering key development milestones at Curipamba. We look forward to continuing our special Curipamba partnership as we work together to bring El Domo into production and thereby add a new operation to the growing responsible mining industry of Ecuador. Our combined aim is to continue contributing to the social and economic development of the country, and sustainably create long-term value for all our stakeholders, including the government and people of Ecuador."
2021-12-10 20:55 ET - News Release
Also News Release (C-SRL) Salazar Resources Ltd
Mr. Christian Kargl-Simard of Adventus reports
ADVENTUS MINING DELIVERS OPTION EXERCISE NOTICE FOR COMPLETION OF EARN-IN REQUIREMENTS TO ACQUIRE MAJORITY OWNERSHIP OF THE CURIPAMBA COPPER-GOLD PROJECT AND FILES NI 43-101 TECHNICAL REPORT
A National Instrument 43-101 technical report supporting the recently completed feasibility study on Adventus Mining Corp. and Salazar Resources Ltd.'s Curipamba copper-gold project in Ecuador has been filed. The results summary of the Curipamba feasibility study was previously announced in a October 26, 2021 news release.
With this filing, Adventus has completed the final significant milestone requirement under its earn-in option to acquire 75% ownership of Curipamba pursuant to the amended and restated earn-in option agreement between the Partners, dated September 19, 2019 ("Earn-In Option"). Adventus has delivered written notice of the exercise of the Earn-In Option to Salazar. Within the next 30 days, the Partners will complete the earn-in mechanics and issue to Adventus shares representing 75%-ownership in a Canadian subsidiary of Salazar that indirectly owns 100% of the Curipamba project (the "Shares"). Upon the Shares being issued to Adventus, a shareholders' agreement will manage the respective rights and obligations of the Partners as shareholders of the joint venture subsidiary.
President and CEO of Adventus, Christian Kargl-Simard stated: "Adventus is pleased to announce this major milestone which is a culmination of significant multi-disciplinary efforts by our team of professionals, partners, and shareholders since our 2017 decision to enter the Curipamba project and Ecuador. In particular, we would like to thank Fredy Salazar and the Salazar Resources team for trusting and working closely with us to position Curipamba to where it is today. Adventus looks forward to further realizing significant value and catalysts from Curipamba in 2022 and beyond."
President and CEO of Salazar, Fredy Salazar stated: "We want to thank the entire Adventus team for their valued role in delivering key development milestones at Curipamba. We look forward to continuing our special Curipamba partnership as we work together to bring El Domo into production and thereby add a new operation to the growing responsible mining industry of Ecuador. Our combined aim is to continue contributing to the social and economic development of the country, and sustainably create long-term value for all our stakeholders, including the government and people of Ecuador."
Adventus And Salazar Provide an Exploration Update on its Projects in Ecuador - Including Additional Curipamba Drill Results from the Agua Santa Target
Heute in der News mal wieder ein Beispiel für das was ich immer sage.👎
Lächerliche Bohrergebnisse die niemanden interessieren eher abschrecken. Da findet jeder von uns mit Eimer
und Schaufel mehr als das einzigartigste Team in Ecuador.
Hoffnung gibt es 🤔 . Schlechter kann es nicht werden.
Heute in der News mal wieder ein Beispiel für das was ich immer sage.👎
Lächerliche Bohrergebnisse die niemanden interessieren eher abschrecken. Da findet jeder von uns mit Eimer
und Schaufel mehr als das einzigartigste Team in Ecuador.
Hoffnung gibt es 🤔 . Schlechter kann es nicht werden.
Antwort auf Beitrag Nr.: 70.120.871 von Albert70 am 04.12.21 12:06:21Na, dann ist ja alles prima und wir brauchen uns um Dich keine Sorgen zu machen!
Wäre ja auch eine Möglichkeit, das so auszudrücken.😉
Auch Dir ein schönes Wochenende!
Wäre ja auch eine Möglichkeit, das so auszudrücken.😉
Auch Dir ein schönes Wochenende!
Antwort auf Beitrag Nr.: 70.118.930 von lotra am 04.12.21 01:32:21Vielen Dank aber deine goldenen Tipps solltest du auf dein Umfeld beschränken. Selten soviel Unsinn in ein paar
Zeilen gelesen.
Wir sind auf dem Kurs Niveau von 2012 also weit weg von jährlichen Kurssteigerungen und mit dieser Performance ist man wohl Lichtjahre von einem einzigartigen Team entfernt. Der Kauf von Projekten ist natürlich richtig kann aber auf Dauer ohne Erfolge nicht ohne pp finanziert werden.
Danke das du dir über meinen Gemütszustand Gedanken machst gebe aber nur weiter was die meisten Aktionäre denken.
Schlafen kann ich hervorragend weil ich in meinem riesigen Paket Aktien habe zu 0,025 , 0,03 , 0,05 euro usw
desweiteren bin ich noch jung und könnte noch mal 10 Jahre warten.😉
Schönes Wochenende 👍
Zeilen gelesen.
Wir sind auf dem Kurs Niveau von 2012 also weit weg von jährlichen Kurssteigerungen und mit dieser Performance ist man wohl Lichtjahre von einem einzigartigen Team entfernt. Der Kauf von Projekten ist natürlich richtig kann aber auf Dauer ohne Erfolge nicht ohne pp finanziert werden.
Danke das du dir über meinen Gemütszustand Gedanken machst
gebe aber nur weiter was die meisten Aktionäre denken.Schlafen kann ich hervorragend weil ich in meinem riesigen Paket Aktien habe zu 0,025 , 0,03 , 0,05 euro usw
desweiteren bin ich noch jung und könnte noch mal 10 Jahre warten.😉
Schönes Wochenende 👍
Antwort auf Beitrag Nr.: 70.113.593 von Albert70 am 03.12.21 16:07:11Wenn man Deine Kommentare hier so liest, könnte man meinen, Du wärst nur bei SRL finanziell engagiert. Also hast Du ein "Klumpenrisiko" zu verdauen!? Dein Ärger wäre demnach nachzuvollziehen. Aber das Problem läge dann in Deinem unlimitierten Risikoverhalten und nicht in der "Minenstrategie" von Salazar. Oder hast Du Erkenntnisse, die das Verhalten von Salazar tatsächlich für die Zukunftsaussichten von SRL in einem negativen Licht erscheinen lassen??? Dann gewähre uns doch bitte einen Einblick in Deinem Wissensstand als "weltbester Kenner der Salazarszene". Ich bin sehr gespannt! Hat Salazar vielleicht schon neue Finanzierungsquellen für die Projekte erschlossen? Macht es nicht Sinn, neue Projekte jetzt schon zu akquirieren und in Angriff zu nehmen, wo die Preis-Gewinn-Kalkulation noch zugunsten für das Unternehmen spricht? Es gibt da noch eine ganze Reihe von Fragen, die Du, nach Deinem Statement zu urteilen, locker beantworten und belegen kannst!?
Wenn ich es nicht besser wüßte, dass Du ein altbekannter und langjähriger "Salazarinvestor" (Dein Schreibstil verrät Dich!) bist, würde ich Dich darauf hinweisen müssen, dass es keine Gewähr für eine jährliche Kurssteigerung der Aktie gibt! Schon gar nicht im verminten Minenbereich. Ich habe Minenaktien besessen, die sich mit 85% in den Miesen befanden und ich konnte sie später mit einem sehr guten Gewinn verkaufen. Mit einem "Schönreden" hat das absolut nichts zu tun!
Ansonsten hätte ich zum Schluss einen "goldenen Tip" für Dich: Kaufe nur so viele Aktien, wie Du bereit bist, deren eventuellen Totalverlust in Kauf zu nehmen. Du kannst dann ruhiger schlafen und mußt das Forum nicht als Blitzableiter für Deine Befindlichkeit benutzen!
VG lotra
Wenn ich es nicht besser wüßte, dass Du ein altbekannter und langjähriger "Salazarinvestor" (Dein Schreibstil verrät Dich!) bist, würde ich Dich darauf hinweisen müssen, dass es keine Gewähr für eine jährliche Kurssteigerung der Aktie gibt! Schon gar nicht im verminten Minenbereich. Ich habe Minenaktien besessen, die sich mit 85% in den Miesen befanden und ich konnte sie später mit einem sehr guten Gewinn verkaufen. Mit einem "Schönreden" hat das absolut nichts zu tun!
Ansonsten hätte ich zum Schluss einen "goldenen Tip" für Dich: Kaufe nur so viele Aktien, wie Du bereit bist, deren eventuellen Totalverlust in Kauf zu nehmen. Du kannst dann ruhiger schlafen und mußt das Forum nicht als Blitzableiter für Deine Befindlichkeit benutzen!
VG lotra
Trading Spotlight
Also sorry ein Jahr ist vorbei und der Kurs liegt aktuell 10 % tiefer . Wer das noch schön redet ist nicht zu helfen.
Viele Projekte kosten viel Geld. Wenn nicht bald was kommt ist die Kohle nächstes Jahr weg und muss billig eingesammelt werden. Verwässerung.
Viele Projekte kosten viel Geld. Wenn nicht bald was kommt ist die Kohle nächstes Jahr weg und muss billig eingesammelt werden. Verwässerung.
ORIGINAL: Salazar Resources Signs Option to Acquire The Los Santos Gold Project, El Oro, Ecuador
Das nächste Projekt was jetzt beackert werden kann. Irgendwann muss mal ein mega Projekt dabei sein.
Das nächste Projekt was jetzt beackert werden kann. Irgendwann muss mal ein mega Projekt dabei sein.
Nach los Osos wieder top News vom weltbesten Geologen Team und die Börse jubelt.
Leider nicht.
Leider nicht.
Salazar Resources Announces Extensive Gold Mineralisation in the El Potro Lithocap, Loja, Ecuador
VANCOUVER, BRITISH COLUMBIA, November 30, 2021 -- SALAZAR RESOURCES LIMITED (TSXV: SRL, OTC QX: SRLZF, Frankfurt: CCG.F) (“Salazar Resources” or the "Company") is pleased to report that channel sampling of the lithocap outcrop at El Potro in southern Ecuador, acquired in September 2021, has delivered extensive gold mineralization. Saw-cut channel sampling of 86.7 meters (“m”) in length returned a composite average of 1.40 g/t gold (“Au”), paving the way for ongoing exploration.
Highlights:
El Potro, acquired in September 2021, has been recognised by Salazar Resources as a new porphyry discovery.
Trenches 1-3 returned 44.7 m @ 2.54 g/t Au
Mineralized lithocap exhibits intense silica-argillic alteration containing free gold and is open in all directions – Salazar will test the extensions through further mapping and sampling
Ongoing work is also focused on the abundant additional Cu-Mo stockwork outcrops within the concession area, containing anomalous copper and molybdenum values that are hosted within a multi-phase granodiorite intrusion.
Salazar is focused on generating drill targets as quickly as possible.
Fredy E. Salazar, President and CEO of Salazar Resources said, “El Potro gets better and better the more we see. The channel sampling was carried out across all of the rock faces exposed in outcrop we could find and it suggests that gold mineralization is pervasive in the lithocap, which is a very promising sign. The lithocap is open-ended, extending under cover. Furthermore, the alteration styles mapped around the lithocap and the scale of the distribution of the intense stockworks in the wider area are indicative of a substantial porphyry body.”
“The location of El Potro is also particularly encouraging. The giant Rio Blanco deposit in Peru is just 40 km to the south, only 84 km to the north is the large Santiago prospect, and 66 km to the northwest are the new discoveries at the Bramaderos project. To have 100% title on a new discovery in the main trend of prolific Miocene age copper and gold mineralization is really exciting for Salazar Resources.”
EL POTRO
Background information on El Potro can be found, here: https://salazarresources.com/projects/100-salazar-owned/el-p…
Figure 1. Location of El Potro
Source: Salazar Resources Ltd
Channel Sampling
Channel sampling was carried out along 86.7 m of the lithocap rock face. A total of 46 samples were taken, with an average length of 2 m per sample.
Two parallel saw cuts were made, approximately 5 cm apart and to depth of approximately 5 cm, prior to the samples being chiseled out.
Of the 46 samples taken, 20 returned values in excess of 0.5 ppm Au, 16 returned values between 0.05 and 0.5 ppm Au, and 10 returned values below 0.05 ppm Au.
Table 1. Channel sampling results (screened metallic analysis)
Trench Width (m) Au ppm
T1 9.9 2.56
T2 24.0 2.56
T3 10.8 2.50
T4 36.0 0.20
T5 6.0 0.04
Figure 2, below, shows the location of the five trenches where channel sample took place along exposed rock face. The samples were taken across approximately 100 m of outcrop, with grades higher in the western half than in the eastern half. The average grade of trenches 1-3, 44.7 m of sample width, is 2.54 g/t Au. The average grade of trenches 4-5, 42.0 m of sample width, is 0.17 g/t Au.
Figure 2. Lithocap channel sampling
Source: Salazar Resources Ltd
The lithocap is located west of center in the concession, with an outcrop that extends approximately 100 m in length, and a visible thickness of approximately 30 m. The lithocap is open in all directions, under cover. The outcrop, and the area where the channel samples were taken using a portable circular saw is the same area where artisanal mining activity has taken place.
The geology across the outcrop is characterised by advanced argillic alteration and silicification obliterating primary rock textures. Mineralisation is hosted within moderate-strong stockworks comprised of quartz veinlets and disseminated pyrite and lesser chalcopyrite, with minor bornite and malachite. The veinlets are often associated with iron oxide staining, jarosite and fine grains of stibnite.
In the eastern portion of the concession, approximately 1 km from the lithocap, a number of chalcopyrite and molybdenite-bearing intense stockworks within a diorite have been identified in outcrop.
Future Work
Salazar Resources is establishing accommodation and logistics at site that will enable the team to support sustainable exploration programs. Mapping and sampling will test the extensions of the lithocap as well as the various stockwork outcrops with the aim of generating drill targets as quickly as possible.
QAQC
Salazar maintains a rigorous chain-of-custody and quality assurance/control program which includes the insertion of certified standard control samples and blanks, and re-analysis of samples with high levels (over limit) of gold, copper and zinc. All samples were analysed by Inspectorate Services Perú S.A.C. (Bureau Veritas), a certified ISO 17025:1999 and ISO 9001:2000 laboratory. The laboratory also maintains a QAQC program that includes insertion of blanks, standards and duplicate reanalysis of selected samples. Gold was analysed by standard fire assay – atomic absorption spectroscopy; and also by metallic screen fire assay - screening of samples to 106 µm, then gravimetric analysis of the plus fraction and instrumentation on the minus fraction. Silver, copper, zinc and other elements were analyzed by aqua regia extraction with an Inductively Coupled Plasma (ICP-ES) finish.
Qualified Person
Kieran Downes, Ph.D., P. Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information provided in this release.
About Salazar
Salazar Resources is focused on creating value and positive change through discovery, exploration and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines.
Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organisation dedicated to sustainable progress through economic development.
The Company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. A feasibility study completed in October 2021 generated a base case NPV(8%) of US$259 million. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision.
For further information from Salazar please contact Merlin Marr-Johnson, Executive Vice President and Corporate Secretary at merlin@salazarresources.com or ir@salazarresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release contains “forward -looking information” within the meaning of applicable securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as “believes”, “anticipates”, “expects”, “is expected”, “scheduled”, “estimates”, “pending”, “intends”, “plans”, “seeks”, “forecasts”, “targets”, or “hopes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “will”, “should” “might”, “will be taken”, or “occur” and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking information herein includes, but is not limited to, statements that address activities, events, or developments that Salazar expects or anticipates will or may occur in the future. Although Salazar has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Salazar undertake to update any forward-looking information in accordance with applicable securities laws.
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Salazar Resources Ltd.
Suite 1305 - 1090 W. Georgia Street
Vancouver, British Columbia
Canada V6E 3V7
T: +1.604.685.9316
ir@salazarresources.com
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VANCOUVER, BRITISH COLUMBIA, November 30, 2021 -- SALAZAR RESOURCES LIMITED (TSXV: SRL, OTC QX: SRLZF, Frankfurt: CCG.F) (“Salazar Resources” or the "Company") is pleased to report that channel sampling of the lithocap outcrop at El Potro in southern Ecuador, acquired in September 2021, has delivered extensive gold mineralization. Saw-cut channel sampling of 86.7 meters (“m”) in length returned a composite average of 1.40 g/t gold (“Au”), paving the way for ongoing exploration.
Highlights:
El Potro, acquired in September 2021, has been recognised by Salazar Resources as a new porphyry discovery.
Trenches 1-3 returned 44.7 m @ 2.54 g/t Au
Mineralized lithocap exhibits intense silica-argillic alteration containing free gold and is open in all directions – Salazar will test the extensions through further mapping and sampling
Ongoing work is also focused on the abundant additional Cu-Mo stockwork outcrops within the concession area, containing anomalous copper and molybdenum values that are hosted within a multi-phase granodiorite intrusion.
Salazar is focused on generating drill targets as quickly as possible.
Fredy E. Salazar, President and CEO of Salazar Resources said, “El Potro gets better and better the more we see. The channel sampling was carried out across all of the rock faces exposed in outcrop we could find and it suggests that gold mineralization is pervasive in the lithocap, which is a very promising sign. The lithocap is open-ended, extending under cover. Furthermore, the alteration styles mapped around the lithocap and the scale of the distribution of the intense stockworks in the wider area are indicative of a substantial porphyry body.”
“The location of El Potro is also particularly encouraging. The giant Rio Blanco deposit in Peru is just 40 km to the south, only 84 km to the north is the large Santiago prospect, and 66 km to the northwest are the new discoveries at the Bramaderos project. To have 100% title on a new discovery in the main trend of prolific Miocene age copper and gold mineralization is really exciting for Salazar Resources.”
EL POTRO
Background information on El Potro can be found, here: https://salazarresources.com/projects/100-salazar-owned/el-p…
Figure 1. Location of El Potro
Source: Salazar Resources Ltd
Channel Sampling
Channel sampling was carried out along 86.7 m of the lithocap rock face. A total of 46 samples were taken, with an average length of 2 m per sample.
Two parallel saw cuts were made, approximately 5 cm apart and to depth of approximately 5 cm, prior to the samples being chiseled out.
Of the 46 samples taken, 20 returned values in excess of 0.5 ppm Au, 16 returned values between 0.05 and 0.5 ppm Au, and 10 returned values below 0.05 ppm Au.
Table 1. Channel sampling results (screened metallic analysis)
Trench Width (m) Au ppm
T1 9.9 2.56
T2 24.0 2.56
T3 10.8 2.50
T4 36.0 0.20
T5 6.0 0.04
Figure 2, below, shows the location of the five trenches where channel sample took place along exposed rock face. The samples were taken across approximately 100 m of outcrop, with grades higher in the western half than in the eastern half. The average grade of trenches 1-3, 44.7 m of sample width, is 2.54 g/t Au. The average grade of trenches 4-5, 42.0 m of sample width, is 0.17 g/t Au.
Figure 2. Lithocap channel sampling
Source: Salazar Resources Ltd
The lithocap is located west of center in the concession, with an outcrop that extends approximately 100 m in length, and a visible thickness of approximately 30 m. The lithocap is open in all directions, under cover. The outcrop, and the area where the channel samples were taken using a portable circular saw is the same area where artisanal mining activity has taken place.
The geology across the outcrop is characterised by advanced argillic alteration and silicification obliterating primary rock textures. Mineralisation is hosted within moderate-strong stockworks comprised of quartz veinlets and disseminated pyrite and lesser chalcopyrite, with minor bornite and malachite. The veinlets are often associated with iron oxide staining, jarosite and fine grains of stibnite.
In the eastern portion of the concession, approximately 1 km from the lithocap, a number of chalcopyrite and molybdenite-bearing intense stockworks within a diorite have been identified in outcrop.
Future Work
Salazar Resources is establishing accommodation and logistics at site that will enable the team to support sustainable exploration programs. Mapping and sampling will test the extensions of the lithocap as well as the various stockwork outcrops with the aim of generating drill targets as quickly as possible.
QAQC
Salazar maintains a rigorous chain-of-custody and quality assurance/control program which includes the insertion of certified standard control samples and blanks, and re-analysis of samples with high levels (over limit) of gold, copper and zinc. All samples were analysed by Inspectorate Services Perú S.A.C. (Bureau Veritas), a certified ISO 17025:1999 and ISO 9001:2000 laboratory. The laboratory also maintains a QAQC program that includes insertion of blanks, standards and duplicate reanalysis of selected samples. Gold was analysed by standard fire assay – atomic absorption spectroscopy; and also by metallic screen fire assay - screening of samples to 106 µm, then gravimetric analysis of the plus fraction and instrumentation on the minus fraction. Silver, copper, zinc and other elements were analyzed by aqua regia extraction with an Inductively Coupled Plasma (ICP-ES) finish.
Qualified Person
Kieran Downes, Ph.D., P. Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information provided in this release.
About Salazar
Salazar Resources is focused on creating value and positive change through discovery, exploration and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines.
Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organisation dedicated to sustainable progress through economic development.
The Company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. A feasibility study completed in October 2021 generated a base case NPV(8%) of US$259 million. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision.
For further information from Salazar please contact Merlin Marr-Johnson, Executive Vice President and Corporate Secretary at merlin@salazarresources.com or ir@salazarresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release contains “forward -looking information” within the meaning of applicable securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as “believes”, “anticipates”, “expects”, “is expected”, “scheduled”, “estimates”, “pending”, “intends”, “plans”, “seeks”, “forecasts”, “targets”, or “hopes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “will”, “should” “might”, “will be taken”, or “occur” and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking information herein includes, but is not limited to, statements that address activities, events, or developments that Salazar expects or anticipates will or may occur in the future. Although Salazar has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Salazar undertake to update any forward-looking information in accordance with applicable securities laws.
View in PDF Format
Copyright 2021 Salazar Resources Ltd. All rights reserved
You are receiving this email because you have subscribed to receive email updates via our website
Salazar Resources Ltd.
Suite 1305 - 1090 W. Georgia Street
Vancouver, British Columbia
Canada V6E 3V7
T: +1.604.685.9316
ir@salazarresources.com
Unsubscribe from this list | View web version
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