Salazar Drill Program Recommences at Sesmo Sur, Curipamba Project, Ecuador
Vancouver, British Columbia – November 19, 2007 - Salazar Resources Ltd. (TSX-V:SRL FSE:CCG) is pleased to announce that the drill program recommenced Thursday, November 15, 2007 at the Sesmo Sur area, Curipamba Project, Ecuador. Additionally, there will be a second drill rig mobilized shortly to arrive on site in early December to accelerate the exploration diamond drill program.
New drill targets will be added to the 9000 metre drill program. The Company will add six drill holes totaling an additional 1500 meters. The new targets will test the large IP anomaly identified during the recent ground geophysics program at Sesmo Sur.
Drill results update from holes 3 and 5:
The following drill holes successfully intersected the hydrothermal breccias located near surface corresponding with the magnetic low and coincident geochemical anomalies. The recent drill holes completed and being reported on have not tested the strong IP geophysical anomalies identified >from the ground geophysics program.
Drill hole 3 and 5 were sent to the laboratory prior to the disruption at the Project while drill hole 4 had yet to be delivered and due to the disruption half the drill core from this hole was compromised. In addition, drill holes 6 through 9 were also compromised.
Further to the security issues of all drill cores, a new program has been initiated where the drill core is immediately shipped off site to a secure storage location in a large neighboring city where logging of the core and preparation of the core for lab analysis will take place so to avoid any future compromise.
Drill hole CURI-07-003 results include:
HOLE ID
FROM(m)
TO(m)
LENGTH(m)
Au (g/t)
Ag (g/t)
Cu (%)
Pb (%)
Zn (%)
CURI-07-003
0.70
8.00
7.30
2.56
14.37
0.05
0.36
0.02
41.14
79.24
39.63
0.64
15.35
0.10
0.24
0.69
including
64
79.24
16.8
0.90
30
0.05
0.54
1.21
Drill hole CURI-07-005 results include:
HOLE ID
FROM(m)
TO(m)
LENGTH(m)
Au (g/t)
Ag (g/t)
Cu (%)
Pb (%)
Zn (%)
CURI-07-005
0.20
15.24
15.04
2.54
50.11
0.23
0.19
0.25
including
0.20
2.68
2.48
11.14
107.33
0.07
0.57
0.04
Mr. Salazar, President and CEO, stated, “I am very pleased with the recommencement of our drilling operations. To bring a second drill rig to the property will allow us to accelerate the exploration program, make up for downtime, and test additional promising targets at our second high priority target area. With a workforce of over one hundred people back in the field conducting sampling and trenching programs, ground geophysics programs, and multiple diamond drill programs, we will be positioned on a move forward basis to provide you, the shareholders, with a steady flow of news over the coming weeks and months.”
Dr. Howard Lahti, PGeo, the qualified person for the company as defined in Canadian National Instrument 43-101, has reviewed this news release for accuracy.
Sample preparation was performed by ALS Chemex Quito, Ecuador, using standard industry practices (sample prep minus 32). Analytical work was carried out at the ALS Chemex Laboratory in Lima, Peru, using fire assay methods for gold (Au-25 procedure). Standard samples, blanks and duplicate check samples were randomly inserted to the sample batch to ensure quality control.
To view maps and photos related to the Curipamba Project please visit:
www.salazarresources.com
ON BEHALF OF THE BOARD OF
SALAZAR RESOURCES LIMITED
“Fredy Salazar”
Fredy Salazar,
President & CEO
Salazar Resources Limited
Salazar Resources Ltd. is a publicly-listed (TSX-V:SRL FSE:CCG) mineral resource company engaged in the exploration and development of new highly prospective areas of 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, IAMGold's Quimsacocha Deposit, Mozo Deposit, Ex Newmont's Cangrejos Project and International Minerals Rio Blanco and Gaby Deposit. The Company’s Ecuadorian base provides a strategic advantage, enabling exploration to be completed at a rapid pace. The Company employs over sixty personnel on the ground, including twelve geologists. With an excellent property portfolio (4 projects - 131,300 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador.
For further information,
please contact:
Fredy Salazar, President & CEO, Salazar Resources Limited
T. 593.22278975 or E: fsalazar@salazarresources.com
Nick DeMare, Director & Secretary, Salazar Resources Limited
T. 604.685.9316 or E: ndemare@chasemgt.com
Jeff Tindale, Investor Relations, Empire Communications Inc.
T: 604.484.0066 or E : info@salazarresources.com
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or the accuracy of this release.
|
Thread abonnieren
.){kind=link}