Salazar Drilling Expands El Domo Mineralization and Intercepts 16.52 Meters of 4.49% Copper and 0.51 g/t Gold
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 2012) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) - is pleased to report results from an additional five holes (1,217.56 meters) from the ongoing diamond drill program on its 100% owned (30,327 ha) Curipamba volcanogenic massive sulphide (VMS) project in Ecuador.
The 5 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 which was reported on January 12, 2012.
Highlights:
CURI-164, drilled approximately 80 meters east of CURI-156, intersected 16.52 meters grading 0.51 g/t gold, 17.10 g/t silver, 4.49 % copper and 0.81 % zinc.CURI-165, drilled approximately 70 meters east of CURI-151, intersected 17.50 meters grading 0.49 g/t gold, 5.10 g/t silver and 1.19% copperCURI-166, drilled approximately 50 meters east of CURI-79, intersected 4.79 meters grading 0.88 g/t gold, 8.58 g/t silver, 1.27% copper and 1.09% zincThese very positive intersections in holes CURI-165 and CURI-166, combined with the significant intersections obtained previously in holes CURI-160, 161 and 163 (as reported on February 8 & 28, 2012), have identified an area of mineralization, approximately 150 X 150 meters, adjacent to the east of the northern block of Inferred resources under the andesite (Figure 1). As well, the mineralization remains open into a large area further to the east and south bounded by significant intersections in holes Curi-164 165 and 155 (as reported on January 26, 2012). In particular the intersection in CURI-164 along with the strong intersection obtained in CURI-156 (as reported on February 8, 2012), indicates the extension eastward of the southern block of Inferred mineralization.
Fredy Salazar, President and CEO, commented; "We are delighted with these results which continue to open up large areas of new mineralization under the andesite sill and east of the established resource blocks. We look forward to continued exploration and development of the El Domo deposit."
| Table 1: Significant Intersections | | HOLE ID | FROM
(m) | TO
(m) | WIDTH
(m)* | Au
(g/t) | Ag
(g/t) | Cu
(%) | Pb
(%) | Zn
(%) | | CURI-164 | 260.18 | 276.70 | 16.52 | 0.508 | 17.10 | 4.49 | 0.04 | 0.81 | | including | 261.82 | 265.10 | 3.28 | 0.570 | 42.34 | 6.75 | 0.01 | 0.14 | | including | 266.80 | 273.93 | 7.13 | 0.291 | 9.26 | 6.55 | 0.01 | 1.64 | | CURI-165 | 209.50 | 227.00 | 17.50 | 0.490 | 5.10 | 1.19 | 0.00 | 0.10 | | including | 209.50 | 217.00 | 7.50 | 0.913 | 9.92 | 2.16 | 0.01 | 0.21 | | 263.00 | 264.00 | 1.00 | 3.329 | 10.80 | 0.01 | 0.01 | 0.02 | | CURI-166 | 164.08 | 168.87 | 4.79 | 0.883 | 8.58 | 1.27 | 0.03 | 1.09 | | including | 165.98 | 166.62 | 0.64 | 1.662 | 25.58 | 4.72 | 0.03 | 6.08 | | 193.00 | 197.67 | 4.67 | 0.613 | 8.11 | 0.23 | 0.02 | 1.87 | | CURI-167 | 182.55 | 184.50 | 1.95 | 0.850 | 7.32 | 0.29 | 0.09 | 1.04 | | 199.18 | 203.00 | 3.82 | 0.110 | 3.86 | 0.14 | 0.42 | 1.15 | | CURI-168 | 112.20 | 115.41 | 3.21 | 0.190 | 11.65 | 0.48 | 0.04 | 0.39 | | * Widths represent down hole core lengths. |
To view Figure 1: Map of El Domo Pierce Points with Resource Outlines, please visit:http://media3.marketwire.com/docs/srl314_F1.pdf
| Table 2: Drill Hole Specifications | | Hole-ID | Easting | Northing | Elev | Az° | Dip° | EOH | | CURI-164 | 695368.92 | 9855049.96 | 1061.41 | 270 | -85 | 311.80 | | CURI-165 | 695400.76 | 9855250.03 | 1043.37 | 90 | -85 | 284.80 | | CURI-166 | 695375.67 | 9855399.88 | 995.29 | 90 | -85 | 231.00 | | CURI-167 | 695319.50 | 9855450.38 | 990.06 | 90 | -82 | 264.00 | | CURI-168 | 695149.43 | 9854899.93 | 924.23 | 270 | -85 | 125.95 |
CURI-164 intersected massive sulphide underlain by strong stockwork mineralization. CURI-165 intersected faulted massive to semi massive sulphide. CURI-166 intersected a zone of faulted massive and semi massive mineralization. CURI-167 intersected intervals of semi massive sulphide while CURI-168 intersected mineralized hydrothermal dacite breccia.
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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