Salazar Resources Ltd. (TSX VENTURE:SRL - News; FRANKFURT:CCG - News) -Mr. Fredy Salazar, President, is pleased to announce further results from the Company's 2007 exploration program in Ecuador. Ongoing exploration within the Las Naves mining concession of the Curipamba Project has received results from initial work carried out at Cade 1, an anomaly recently identified; Cade 1 is located 850 meters northwest of the El Gallo anomaly (To view Figure 1, please click on:
http://www.ccnmatthews.com/docs/srl517fig1.jpg).
Significant results from a rock chip sampling program at Cade 1 include 7 meters of 9.8 grams per tonne gold, 409 grams per tonne silver and over 1 % zinc. Mineralization at Cade 1 is hosted within in a hydrothermal breccia that hosts argilic clasts within a silica, poly- sulphide matrix (silver mineralization with pyrite, sphalerite and galena) (To view Figure 2, please click on: http://www.ccnmatthews.com/docs/srl517fig2.jpg).
The total channel sampling covered a width of approximately 12 meters and a total 8 samples at 1 meter spacing were collected. Within the mineralized zone, samples ranged from 0.06 g/t to 12.65 g/t gold and 0.5 g/t to 507 g/t silver. The total width of the structure is unknown since the structure is cut by a river. (To view Table 1, a listing of complete assay results, please click on: http://www.ccnmatthews.com/docs/srl517table1.jpg).
Mr. Salazar, President, stated, "We believe we may have sampled only a small portion of the mineralized and brecciated structure at Cade 1 as there is significant surficial cover within the area. To date the defined structure has not been observed but we consider it could be the north extension of El Gallo Anomaly. We will test the extent and depth of this structure with our aggressive diamond drill program planned for August."
Before the drill program commences, further geological, geophysical and geochemical work will focus on determining the continuity of the mineralized structures. Grid lines are currently being set every 50 meters and soils sampled by auger are being collected every 25 meters. Numerous channel samples will be taken from outcrops located within the grid.
Dr. Howard Lahti, P. Geo, the Qualified Person for the company as defined in Canadian National Instrument 43-101, has reviewed this news release for accuracy.
Samples preparation was performed by ALS Chemex Quito, Ecuador using standard industry practices (Sample prep -32). Analytical work was carried out at the ALS Chemex Laboratory in Vancouver, Canada using fire assay methods for gold (Au-25 procedure). A QC program was used whereby of every 10 samples one was sent for reanalysis at BSI Inspectorate Lab; as were several samples with values higher than 5 g/t gold. Standard samples, blanks and duplicate check samples were randomly inserted into the sample lot to ensure quality control. A review of the QA/QC results shows no significant unfairness and the results are considered reliable.
Source : www.salazarresources.com
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