Salazar Will Drill 20,000 Metres at Curipamba in 2011
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/25/11 -- Salazar Resources Ltd. (TSX VENTURE: SRL)(FRANKFURT: CCG) -
Dear Shareholders and Friends:
As President and CEO of Salazar Resources Ltd., I wish you all a successful and happy new year and I am writing to briefly comment on the goals and objectives we have set for ourselves at Salazar for the coming year.
The Company's exploration activities over the past year at Curipamba were very promising and we plan on building on these successes.
Starting in February, with the mobilization of our second drill rig, we plan to continue with an agressive drill program in Ecuador with a focus on Curipamba where we plan to drill 20,000 metres.
Ecuador's social and economical climate has improved in the last several months; we continue to have excellent working relationships with the regional authorities and our community programs have further strengthened the Company's profile in the region. We are working closely with the local communities by reacting to their needs and maintaining open and ongoing discussions. We are working diligently to ensure that we have the backing and support of the local communities to become an active and welcomed partner by contributing to the community's economic and social well being.
The Metallurgical test programs for the El Domo deposit were initiated in late October 2009 and the program is ongoing. Preliminary conclusions are anticipated by the beginning of the second quarter 2011.
We look forward to an exciting year as we continue to follow up on other exploration targets at Curipamba including Sesmo Sur, La Vaquera, Agua Santa, Sesmo and to the East of the El Domo intrusion. We also plan to work on other potential mining projects such as Santiago and Ruminahui where we expect to have final permits by the end of the first quarter of 2011.
ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED
Fredy Salazar, President & CEO
Salazar Resources Limited
Salazar Resources Ltd. is a publicly-listed (TSX VENTURE: SRL)(FRANKFURT: CCG) 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. Being an Ecuadorian based company gives the company a strategic advantage enabling the company to complete exploration at a rapid pace. With an excellent property portfolio (3 projects - 42,900 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador and throughout South America.
Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in the forward looking statements. Although we believe that the expectations in the forward-looking statements are reasonable, actual results may vary, and future results, levels of activity, performance or achievements cannot be guaranteed.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
First Canadian Capital
1.866.580.8891
info@salazarresources.com
www.salazarresources.com