Diamond drilling at Salazar Resources‘ (SRL-V) 100%-owned Curipamba volcanogenic massive sulphide project in Ecuador has yielded more high-grade precious and base metals over significant widths at the El Domo deposit, which remains open in all directions.
Highlights from the six most recent drill holes include 10 metres grading 3.48 grams gold per tonne, 91.95 grams silver, 4.40% copper and 14.83% zinc including 4 metres of 7.79 grams gold, 187.66 grams silver, 10.35% copper and 34.26% zinc in massive to semi-massive sulphide mineralization under the andesite sill in hole 137.
Hole 139 returned 5 metres grading 1.14 grams gold, 15.43 grams silver and 1.65% copper, while hole 136 cut 1 metre grading 1.20 grams gold, 29.8 grams silver and 2.02% copper. Hole 138 intersected 16 metres grading 0.87 gram gold, 31.68 grams silver and 0.12% copper.
“These intersections along part of the western margin of the andesite sill clearly show there is significant, as yet untested, exploration potential beneath the andesite sill to the east,” the company reported in a press release.
The Curipamba project is a gold, silver and base-metal exploration district in central-west Ecuador in the Western Mountain range’s Macuchi Group, about a two-and-a-half-hour drive from the major port city of Guayaquil, 25 km southeast of Ventanas and 150 km southwest of Quito. The Curipamba property is in the foothills of the Cordillera Occidental in the Andes and straddles the boundaries of Ecuador’s Bolivar and Los Rios provinces. Salazar owns seven concessions spanning 303.3 sq. km at Curipamba – “a substantial landholding in a never-drilled prospect in Ecuador,” according to the company’s website. The national power grid is within 20 km of the El Domo area.
Over the last 52 weeks Salazar Resources has traded within a range of 36.5¢-$1.37 per share. At presstime it traded at 58¢ per share.
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