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Gold/Mining/Energy : Salazar Resources (SRL.V)

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To: TheSlowLane who wrote (102)	12/2/2010 5:56:27 PM
From: roymario	Read Replies (1) of 191

Slow and steady. Salazar Resources adds second drill rig to Curipamba 2010-12-02 08:52 ET - News Release Mr. Fredy Salazar reports SALAZAR ACQUIRES SECOND DRILL RIG TO ACCELERATE EXPLORATION PROGRAM Salazar Resources Ltd. has acquired a second diamond drill rig to accelerate the exploration program at its Curipamba project in Ecuador. The second rig is a new Hydracore 4000 hydraulic diamond drill with depth capacities of 500 metres and 1,000 metres for HQ core and NQ core, respectively. While providing significantly greater capacity than the Hydracore 2000 currently owned by Salazar, the power pack has been modified to use three 60-horsepower diesel engines to limit maximum module weight and to allow the unit to remain man-portable. The second drill will be allocated to exploration drilling on previously identified exploration targets at Curipamba, while the first drill will remain dedicated to the delineation and extension drilling of the El Domo deposit. It is anticipated that the second drill will be commissioned early in 2011. Fredy Salazar, president of Salazar Resources, stated: "The success of exploration drilling at the gold-rich El Domo copper-zinc deposit has necessitated that one drill remain dedicated to advance resource definition and to test adjacent exploration targets as quickly as possible. The addition of a second drill will allow us to ramp up our overall exploration effort in parallel to the El Domo drilling and drill test approximately 15 additional and highly prospective targets, some of which have similar characteristics to El Domo. The exploration targets for the second drill are currently being prioritized based upon their geophysical, geochemical and geological signatures." We seek Safe Harbor.

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