en.Wedoany.com Reported - Salazar Resources Limited (TSXV: SRL) has simultaneously confirmed high-grade gold and silver veins and a regional-scale copper-molybdenum porphyry system within its wholly-owned Tarqui concession in southeastern Ecuador. The company reported that rock chip samples collected from the Yumi vein system returned gold grades of up to 100 grams per tonne and silver grades of up to 1,000 grams per tonne.
These high-grade precious metal results come from the Yumi gold-silver epithermal vein system, which is adjacent to a large copper-molybdenum porphyry deposit previously drilled by mining giant BHP under an earn-in agreement. Within a 100-meter strike length of the Yumi vein system, two samples stood out in assays: one returned 80.9 g/t gold and 824 g/t silver; another sample yielded greater than 100 g/t gold and greater than 1,000 g/t silver, with over-limit analysis still pending. In addition to these two exceptional samples, 13 other samples returned gold grades between 1.0 and 17.9 g/t.
Salazar explicitly disclosed that these are surface rock chip and grab samples, which are selective and do not represent deep mineralization grades, but only indicate exploration potential. The company noted that the mineralization characteristics are consistent with a low- to intermediate-sulfidation epithermal system, similar to Lundin Gold's Fruta del Norte deposit, located approximately 48 kilometers to the south.
Underpinning the gold discovery is the larger copper-molybdenum porphyry system at Tarqui. This system exhibits a surface copper-molybdenum anomaly spanning 1.8 kilometers by 1.0 kilometers, with rock samples grading up to 1.64% copper and soil samples grading up to 1.00% copper. The system was previously drilled by BHP Billiton under an earn-in agreement between 2019 and 2022, with 13 historical holes confirming porphyry mineralization. Among them, hole TARQ1D returned 0.33% copper equivalent over 186 meters, within a broader 682-meter interval averaging 0.22% copper equivalent. Another hole, TARQ4D, returned 0.34% copper equivalent over 218 meters, including a higher-grade sub-interval of up to 0.54% copper equivalent.
The Tarqui and adjacent Quimi concessions cover a combined area of 7,547 hectares in Morona-Santiago Province, Ecuador, within the Jurassic Zamora Batholith. This mineral belt hosts the Panantza-San Carlos and Solaris Resources' Warintza porphyry systems, located approximately 48 kilometers north of Lundin Gold's Fruta del Norte gold mine and 5 to 20 kilometers from the Chinese-operated Mirador copper mine. CEO Fredy Salazar described this opportunity as a rare combination of a large copper-molybdenum porphyry system and high-grade gold-silver veins.
At the Tarqui concession, near-term catalysts include pending over-limit re-assay results for the greater than 100 g/t gold sample and potential future drill testing of the Yumi vein system.
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