Salazar Extends High Grade With 12.8 Meters of 4.01 g/t Gold, 137.85 g/t Silver, 3.43% Copper & 3.56% Zinc
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2011) - Salazar Resources Ltd. (TSX VENTURE:SRL - News; FRANKFURT:CCG - News) reports new assays from the ongoing diamond drill program on its 100% owned (30,327 ha), precious metals rich Curipamba volcanogenic massive sulphide project in Ecuador. Hole 115 intersected 12.8 meters of mineralization grading 4.01 g/t gold, 137.85 g/t silver, 3.43% copper and 3.56% zinc, including 7.03 meters grading 7.07 g/t gold, 230.16 g/t silver, 5.17% copper and 5.96% zinc (Figure 1; Table 1). This intersection expands the area of high grade. Hole 115 was drilled on section with holes 87 and 99 (Table 2). Both of these holes also intersected wide zones of strong gold and copper mineralization.
Mr. Salazar says, "We are very pleased with the intersection in hole 115 which extends the width of the southern high grade area to more than 200 meters."
Table 1 Significant Intersections
---------------------------------------------------------------------------
From To Width Gold Silver Copper Lead Zinc
Hole # (m) (m) (i)(m) (g/t) (g/t) (%) (%) (%)
---------------------------------------------------------------------------
CURI-115 34.5 47.3 12.8 4.01 137.85 3.43 0.56 3.56
---------------------------------------------------------------------------
incl 34.5 41.53 7.03 7.07 230.16 5.17 0.97 5.96
---------------------------------------------------------------------------
(i) Widths represent down hole core lengths.
Table 2 Hole Location and Target
---------------------------------------------------------------------------
Drill Elev. EOH Location of Nearby
Hole Section Azimuth Dip (m) (m) Significant Intersection
---------------------------------------------------------------------------
CURI- 5150 N 90 -75 854 122.95 50 m west of DDH 99(1)-
115 degrees degrees 6.73 g/t Au; 45.80 g/t
Ag; 4.69 % Cu and 1.61 %
Zn over 22.70 meters
100 m west of DDH 872 -
2.12 g/t Au; 24.65 g/t
Ag; 4.97 % Cu and 1.11 %
Zn over 27.61 meters
---------------------------------------------------------------------------
1: News release of March 29, 2011; 2: News Release of February 8, 2011
Salazar currently has two drills delineating and extending the deposit. Drill core samples are analyzed by ALS Chemex Labs Ltd., an ISO 9001:2000 certified laboratory. Salazar maintains a QC program is used whereby standard samples and blanks are inserted into each batch of samples to ensure quality control.
Kieran Downes, P.Geo., a qualified person as defined by National Instrument 43-101, is responsible for the technical information provided in this release.
ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED
Fredy Salazar, President & CEO |
