Salazar Intercepts 15.69 Meters of 3.99% Copper & 1.10 g/t Gold at El Domo
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2012) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) reports results from an additional three holes (782.85 meters) from the ongoing diamond drill program on its 100% owned (30,327 ha) Curipamba volcanogenic massive sulphide (VMS) project in Ecuador. The three holes were drilled to test for mineralization under the andesite sill, east of the El Domo resource block (Figure 1), and to further test the area surrounding hole CURI-160 which returned 10.31 meters grading 0.86 g/t gold, 17.32 g/t silver and 6.02% copper (as reported on February 8, 2012). These holes represent new exploratory drilling and were not included in the new El Domo resource estimate was which was released on January 12, 2012.
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Highlights:
CURI-163, drilled approximately 50 meters southwest of CURI-160, intersected 15.69 meters grading 1.10 g/t gold, 10.26 g/t silver, 3.99% copper and 1.82% zinc. This wide interval of high grade copper-gold-silver mineralization, together with the intersection in CURI-160, demonstrates high grade extensions to the adjacent resource block. Further drilling is required in this area.CURI-161, although of lower grade at 15.40m of 0.21g/t Au, 6.35 g/t Ag, 0.14% Cu, and 1.08% Zn, is of similar width to the intersections in CURI-160 and 163. Further drilling is warranted in this area.CURI-162 was drilled east of the southern limit of the El Domo deposit. It intersected a modest interval of gold-silver mineralization.Fredy Salazar, President and CEO, commented; "The intersection in hole CURI-163 is extremely positive. Together with the high grade intersection in CURI-160 it significantly expands the area of potential resources and opens the potential to extend the El Domo deposit further to the east."
| Table 1 Significant Intersections | | | Hole | From | | To | | Width* | | Gold | | Silver | | Copper | | Lead | | Zinc | | | # | (m | ) | (m | ) | (m | ) | (g/t | ) | (g/t | ) | (% | ) | (% | ) | (% | ) | | CURI-161 | 226.40 | | 241.80 | | 15.40 | | 0.21 | | 6.35 | | 0.14 | | 0.13 | | 1.08 | | | CURI-162 | 187.92 | | 191.00 | | 3.08 | | 1.30 | | 29.77 | | 0.03 | | 0.18 | | 0.24 | | | CURI-163 | 176.04 | | 191.73 | | 15.69 | | 1.10 | | 10.263 | | 3.99 | | 0.02 | | 1.82 | | | including | 176.04 | | 180.20 | | 4.16 | | 2.28 | | 15.06 | | 7.14 | | 0.05 | | 0.61 | | | including | 186.74 | | 190.33 | | 3.59 | | 0.97 | | 14.79 | | 6.26 | | 0.01 | | 6.54 | |
| * Widths represent down hole core lengths. | |
| Table 2 Drill Hole Specifications | | Hole-ID | Easting | Northing | Elev | Az° | Dip° | EOH | | CURI-161 | 695454.39 | 9855350.09 | 1010.47 | 90.00 | -70.00 | 269.90 | | CURI-162 | 695427.31 | 9854949.86 | 1000.92 | 270.00 | -80.00 | 230.00 | | CURI-163 | 695401.32 | 9855300.37 | 1015.65 | 90.00 | -78.80 | 282.95 |
CURI-161 tested the projection of the mineralized horizon approximately 170 meters east of CURI-148 (16.32m @ 1.31 g/t Au, 6.80 g/t Ag, 2.42% Cu and 0.41% Zn1). It intercepted 30 meters of hydrothermal breccia carrying 7% pyrite and 5% sphalerite-chalcopyrite.
CURI-162 tested the projection of the mineralized horizon approximately 50 meters east of CURI-138 (5.86m @ 1.36 g/t Au, 68.4 g/t Ag and 1.00% Zn). It intersected 18 metres of hydrothermal breccia with 10% to 20% pyrite and accessory chalcopyrite and sphalerite.
CURI-163 was collared 50 meters southwest of CURI-160 (10.31m @ 0.86 g/t Au, 17.30 g/t Ag and 6.02% Cu). It intersected 17 metres of copper and zinc rich massive and semi massive mineralization.
QA/QC
Drill core samples are analyzed by ALS Chemex Labs Ltd. and IBS Inspectorate, ISO 9001:2000 certified laboratories. Salazar maintains a QA/QC program 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
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