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

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To: hogwall who wrote (176)	2/23/2012 6:57:59 AM
From: TheSlowLane	of 191

Salazar Reports High Grade Gold & Silver from Santiago Project, Ecuador VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 23, 2012) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) (or "the Company") is pleased to provide an update on its Santiago project in Ecuador. In addition to the Curipamba Project the Company also holds a 100% interest in the Ruminahui, Mendez, and Santiago projects. While the focus of the Company's current exploration activities is on advancing the Curipamba project, the Company has conducted initial field visits to each of its other Projects and at this time is pleased to report on initial exploration results from the Santiago Project. The 2,350 hectare Santiago property comprises a large mineralized hydrothermal system with the upper parts dominated by a rhyolite/dacite intrusive complex displaying intense quartz-alunite alteration. The veins and structures sampled and reported here occur in volcanic rocks adjacent to a felsic intrusive. Further exploration is required to determine the orientation(s) of the structures which control the development and distribution of the quartz veins/breccias. The project is located within Tertiary volcanics, in a geological setting similar to the Quimsacocha deposit (Iamgold Corp.) and the Rio Blanco deposit (International Minerals Corp.) Located 110 km west of the FDN gold deposit (Kinross Gold Corp.) and 60 km south from the Quimsacocha project. Sulphide-bearing quartz veins/breccias in the northern part of the property were targeted for initial sampling (Figure 1). Reconnaissance chip sampling (52 samples) of five major vein/breccia systems returned significant (Table 1) anomalous gold, silver, and molybdenum values including: • Española Vein 2.0m @ 28.1 g/t Au and 231 g/t Ag 1.0m @ 26.0 g/t Au and 242 g/t Ag 1.0m @ 18.2 g/t Au and 252 g/t Ag 1.0m @ 4.8 g/t Au and 442 g/t Ag • Quartz-Tourmaline Vein 1.9m @ 1.19 g/t Au, 14.3 g/t Ag and 296 ppm Mo 3.3m @ 0.59 g/t Au, 36.6 g/t Ag and 390 ppm Mo • Ribs Zone and Ancha Vein 1m @ 1.29 g/t Au and >100 g/t Ag 1m @ 1.65 g/t Au and >100 g/t Ag • F.U. Structure 1.40m @ 4.8 g/t Au and 378 g/t Ag 1.20m @ 6.4 g/t Au and 136 g/t Ag 1.20m @ 4.2 g/t Au and 183 g/t Ag More: marketwire.com

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