Salazar Announces Commencement of 9000 Meter Drill Program at Curipamba, Ecuador
Tuesday September 4, 8:30 am ET
ca.us.biz.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 4, 2007 -- Salazar Resources Ltd. (CDNX:SRL.V - News)(Frankfurt:CCG.F - News) is pleased to announce the commencement of its 2007 diamond drill program at it's 100 % owned Curipamba Project, located approximately 100 km NE from Guayaquil in Central West Ecuador.
Kluane International Drilling ("Kluane") has been contracted to complete the drill program at Curipamba. Kluane have mobilized a drill rig to the property and drilling has commenced. The drill program will follow up on successful rock chip and channel sampling, the results of which have confirmed the presence of high grade Gold and Silver mineralization.
The total program consists of approximately 48 holes, totaling 9000 meters and will begin with an initial 4,000 meters. The program will commence at Sesmo Sur area where previous channel sampling from the El Lobo Anomaly (0.8 km by 0.4 km) returned 68 meters at an average of 2.6 g/t Gold and 82 g/t Silver; including 5 meters at an average of 8.5 g/t Gold and 304 g/t Silver.
To view Figure 1 please click on: ccnmatthews.com
In addition to Sesmo Sur the drill program will test the various anomalies identified on our Las Naves mining concessions which cover an area 2 km x 1 km. Previous channel sampling conducted in the Las Naves area returned the following results:
- El Gallo Anomaly, average values of 17 m at 11.2 g/t Gold and 505 g/t Silver.
- Sesmo Anomaly, with averages of 15 m at 39.1 g/t Gold and 741 g/t Silver, includes 2 m at 186.5g/t Gold and 1055 g/t Silver,
- Caracol 1 Anomaly, that returned averages of 10 m at 5.96 g/t Gold and 157 g/t Silver,
- Caracol Anomaly, that returned averages of 16 m at 1.98 g/t Gold and 1.7 % of Zinc,
- Cade 1 Anomaly, averages of 7 m at 9.8 g/t Gold, 409 g/t Silver and over 1 % Zinc,
- Cade Sur Anomaly, with averages 10 m at 7.63 g/t Gold and 291 g/t Silver and exceptional samples with results of up to 2.7 % Copper and 34.9 % Zinc, among others;
Further details regarding the drilling program will be announced when available.
ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED
Fredy Salazar, President & CEO
Salazar Resources Limited
Salazar Resources Ltd. is a publicly-listed (CDNX:SRL.V - News) mineral resource company engaged in the exploration and development of new highly prospective areas of Ecuador. Led by a senior Ecuadorian management team and most notably by its namesake Fredy Salazar, this team has been instrumental in other major discoveries throughout Ecuador, including Aurelian's Fruta del Norte discovery, IAMGold's Quimsacocha Deposit, Mozo Deposit, Ex Newmont's Cangrejos Project and International Minerals Rio Blanco and Gaby Deposit. Being an Ecuadorian based company gives us a strategic advantage enabling us to complete exploration at a rapid pace, with over sixty personnel on the ground, including twelve geologists. With an excellent property portfolio (4 projects - 131,300 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador.
To view maps and photos related to the Curipamba Project please visit www.salazarresources.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
Contact:
Contacts:
Salazar Resources Limited
Fredy Salazar
President & CEO
593.22278975
Email: fsalazar@salazarresources.com
Salazar Resources Limited
Nick DeMare
Director & Secretary
(604) 685-9316
Email: ndemare@chasemgt.com
Empire Communications Inc.
Jeff Tindale
Investor Relations
(604) 484-0066
Email: info@salazarresources.com
Website: salazarresources.com
Source: Salazar Resources Limited |
