Salazar Intersects 28.2 g/t Gold, 359.5 g/t Silver, 8.86% Copper and 20.45% Zinc
Press Release Source: Salazar Resources Limited On Tuesday November 23, 2010, 3:00 am EST
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 23, 2010) - Salazar Resources Ltd. (TSX VENTURE:SRL - News; FRANKFURT:CCG - News) - Mr. Fredy Salazar, President and CEO, is pleased to announce that that the latest drilling results at its Curipamba Volcanic Hosted Massive Sulphide Project in Ecuador has expanded the El Domo deposit another 50 meters north to a total length of approximately 700 meters. The ore body remains open in several directions.
"The thickness and grades of the intersection in DDH 77 are extraordinary and have exceeded our expectations," says Fredy Salazar, President and CEO. "The cluster of recent holes at north end of this deposit has yielded massive sulphide intersections averaging close to 20 meters per hole. The resulting copper and zinc content of the zone in combination with the high grade precious metal values such as those found in the 4 m grading 28 g/t gold and 360 g/t silver in DDH 77 greatly enhances the potential of the El Domo deposit."
The pierce points of diamond drill holes (DDH) Curi-10-76 and Curi-10-77, located on section 5500N (see figure 1: media3.marketwire.com are approximately 50 meters north of DDH 60 where 32.36 m @ 3.8 g/t gold, 39.2 g/t silver, 3.67 % copper and 1.44 % zinc was previously encountered.
The pierce point of DDH 75 is located 150 m west of DDH 60 and was drilled at 270 degrees strike on section 5450 N with -60 degree dip and a length of 164.75 m. Curi-75 reported almost 5 m of mineralization but with no significant results.
DDH 76 is located 50 m north of DDH 60 and was drilled at 90 degrees strike on section 5500 N with -70 degree dip and a length of 195.60 m. DDH 77 is located 50 m west of DDH 76 and was drilled at 270 degrees strike on section 5500 N with -85 degree dip and a length of 128.80 m.
The following table provides a summary of the significant intersections of each drill hole:
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Hole From To Width Gold Ag Cu Pb Zn
# (m) (m) (m) (g/t) (g/t) (%) (%) (%)
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CURI-76 124.38 125.28 0.90 0.6 61.3 2.61 0.01 1.52
and 132.25 137.30 5.05 0.5 15.5 0.75 0.04 0.71
and 141.85 145.67 3.82 0.5 14.8 1.00 0.06 0.51
and 165.70 168.70 3.00 0.0 0.0 0.11 0.00 1.55
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CURI-77 85.54 97.07 11.53 10.1 129.6 8.51 0.50 8.00
including 85.54 89.40 3.86 28.2 359.5 8.86 1.46 20.45
and 102.80 104.50 1.70 0.1 4.5 1.16 0.00 0.02
and 118.35 123.38 5.03 1.1 34.4 0.08 0.42 0.97
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(i)widths reported are not true width
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.
ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED
Fredy Salazar, President & CEO
Salazar Resources Limited
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