Salazar Resources Limited of Canada Delineates a 1.9 km Copper Anomaly Zone in Ecuador

en.Wedoany.com Reported - On November 12, Salazar Resources Limited of Canada announced the summer exploration results of the Monja copper-gold project in Loja Province, southern Ecuador. Through systematic soil geochemical surveys, a copper anomaly zone measuring 1.9 km long and 0.9 km wide was delineated, with an anomaly threshold of 200 ppm. Concurrent rock samples returned copper grades of up to 2.76%, accompanied by gold and silver mineralization. The Company plans to conduct its first porphyry target drilling of up to 3,500 meters in the first quarter of 2027, subject to surface access permits and drilling approvals.

This round of soil sampling was laid out on a 100 m × 100 m grid, with 752 planned sample points, of which 482 have been completed as of this announcement, representing 64% of the planned workload. Newly added soil samples returned copper contents of up to 1,884 ppm; combined with previously published data, the project's maximum soil copper anomaly value is 2,242 ppm. The anomaly zone remains open to the northwest and southeast, and the Company is extending the sampling grid to determine the anomaly boundaries and their spatial relationship with the subsurface porphyry intrusions.

As of the end of this work program, the project has collected a total of 429 rock samples, of which 157 returned copper contents exceeding 300 ppm and 46 exceeding 1,000 ppm. The highest-grade sample returned 2.76% copper, 0.71 g/t gold and 28.8 g/t silver. The rock copper anomaly is mainly concentrated within an area of approximately 0.8 km × 0.7 km, located within the larger soil anomaly zone. In addition, 46 samples returned gold grades exceeding 0.25 g/t, all 9 samples with copper grades exceeding 1% returned gold values of 0.42–1.15 g/t, and other samples returned molybdenum contents of up to 881 ppm.

Mineralization is mainly hosted in an intrusive body composed of granodiorite, quartz-feldspar porphyry and hydrothermal breccia. Copper minerals are dominated by chalcopyrite, with minor bornite, accompanied by quartz vein stockworks, silicification and potassic alteration. These geological features are consistent with a porphyry copper-gold system. The Company will next complete the remaining 270 soil sampling points, carry out detailed geological mapping and ground geophysics, and integrate geochemical and structural data to determine drill hole locations.

The Monja project consists of two mining concessions covering approximately 9,088 hectares, wholly owned by Salazar Resources Limited. The proposed first-phase drilling of up to 3,500 meters will comprise 4 drill holes, focusing on verifying the core area of the copper-gold anomaly and its subsurface extension.