Diamond drilling at Salazar Resources‘ (SRL-V) 100%-owned Curipamba volcanogenic massive sulphide (VMS) project in Ecuador has yielded more high-grade precious and base metal mineralization over significant widths at the El Domo deposit, which remains open in all directions.
Highlights from the six most recent drill holes include 9.94 metres grading 3.48 grams gold per tonne, 91.95 grams silver, 4.40% copper and 14.83% zinc including 3.72 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 4.96 meters grading 1.14 grams gold, 15.43 grams silver and 1.65% copper, while hole 136 cut 1.25 metres grading 1.20 grams gold, 29.8 grams silver and 2.02% copper. Hole 138 intersected 16.36 meters 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 about 150 km southwest of Quito. The Curipamba property is in the foothills of the Cordillera Occidental of the Andes and straddles the boundaries of Ecuador’s Bolivar and Los Rios provinces. Salazar owns seven concessions spanning about 30,327.18 hectares 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 was trading at 58¢ per share.
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