(TSX: SRL | OTC: SRLZF)
Overview
"Salazar Resources Ltd. is a publicly-listed (TSX-V:SRL) mineral resource company engaged in the exploration and development of new highly prospective areas in Ecuador. Led by a senior Ecuadorian management team and most notably by its namesake Fredy Salazar, this team has been instrumental in other major discoveries throughout Ecuador, including Aurelian's Fruta del Norte discovery, IAM Gold's Quimsacocha Deposit, Mozo Deposit, Ex Newmont's Cangrejos Project and International Minerals’ Rio Blanco and Gaby Deposit. Being an Ecuadorian based company gives us a strategic advantage enabling us to do exploration work cost effectively while at a rapid pace." - from the web site
Highlights
- Four exploration projects located in Ecuador provide gold/silver, copper/gold and VMS opportunities
- The Curipamba Project Phase I drill program consisted of 9945m in 51 holes (453,000 oz Au, inferred)
- Targets for Phase II have been identified, including a VMS anomaly at El Domo (18,000m in 100 holes planned)
- Strong technical team with a demonstrated record of exploration success
- Well-financed
- Tight share structure
Share Structure (details) - As of April 22, 2010
Shares O/S: 32,976,581
Warrants: 3,885,350
Options: 3,295,700
Shares FD: 40,157,631
Working capital: ~$4.5MM
Resources
Salazar Resources web site
Company Profile at 24hGOLD site
"Volcanoes of the Deep Sea" movie
Daily chart of SRL.V
Weekly chart of SRL.V
Images
Ecuador - exploration projects
VMS deposits explained
Curipamba Project Hydrothermal Model
Sequential Development of the Los Naves Massive Sulphide
Curipamba Project map
Naves Central sample results
Los Naves Phase 2 Drill Program
Los Naves Phase 2 Drill Program - close-up
Sesmo Sur Phase 2 Drill Program |
