NEWS RELEASE JUNE 20, 2007
Salazar announces finding of new anomaly 5.5 km South West from El Gallo, Ecuador: 68m at 2.6 g/t Gold and 82 g/t Silver
VANCOUVER, BRITISH COLUMBIA June 20, 2007 - Salazar Resources Ltd. (TSX VENTURE: SRL.V) (FRANKFURT: CCG.F) announces further results from the ongoing exploration program at the El Lobo anomaly.
Significant results include:
· 68 meters at an average of 2.6 g/t gold and 82 g/t silver; including 5 meters at an average of 8.5 g/t gold and 304 g/t silver
A total of 92 rock chip samples were sampled with lengths varying between 1 and 5 meters (31 trench samples, 53 outcrop samples and 8 manual pit samples of 1 to 4 meters depth). Values ranged form 0.01 to 16.65 g/t gold and 0.01 to 604 g/t silver (Table 1).
Thirty-four soil samples were also collected; 32 along road slopes (mainly Type A soil) and 2 auger samples with depths between 1 and 4 meters. The soil sampling identified a restricted gold and silver anomaly with coincident copper and lead near 892775mE and between 0849425mN and 0849400mN. There are other areas with base metal enrichment but do not have associated anomalous gold and silver (Table 2 and Figure 9).
The Sesmo Sur Anomaly, which contains the El Lobo Anomaly, lies within the Jordan 2 mining concession and is located 5.5 km south west of El Gallo (Figure 1). The alteration zone is more than 100 meters wide and consists of silicified and pyritized hydrothermal volcanic breccia. Gold and silver mineralization is hosted within a hydrothermal breccia with a matrix of barite and poly-sulphides (silver minerals are contained within galena, sphalerite and chalcopyrite) (Figure 2).
Mr. Salazar, President, states, "While we remain in the early stages of our exploration program, the results to date demonstrate many positive indications that this could be an exploration area with potential to discover significant gold and silver mineralization.?
Rocks and soil geochemistry and geology are currently being analyzed in further detail. Future work will concentrate on testing the 5.5 km long area between El Gallo Anomaly and Sesmo Sur to search for new indications of gold and silver mineralization. The next phase at the Sesmo Sur Anomaly will be geochemistry, geology and geophysics (magnetometry and induced polarization) to define new anomalies within the Sesmo Sur zone.
Click here to see all Figures and Tables accompanying this press release
Dr. Howard Lahti, P. Geo, the Qualified Person (QP) for the Company has reviewed this news release and is responsible for its 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). Standard samples, blanks and duplicate check samples were randomly inserted to the sample lot to ensure quality control.
To view maps and photos related to the Curipamba Project please visit www.salazarresources.com
ON BEHALF OF THE BOARD OFSALAZAR RESOURCES LIMITED
?Fredy Salazar? Fredy Salazar, President & CEOSalazar Resources Limited
Salazar Resources Ltd. is a publicly-listed (TSX-V:SRL) mineral resource company engaged in the exploration and development of new highly prospective areas of 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, including Aurelian's Fruta del Norte discovery, IAMGold's Quimsacocha Deposit, Mozo Deposit, Ex Newmont's Cangrejos Project and International Minerals Rio Blanco and Gaby Deposit. Being an Ecuadorian based company gives us a strategic advantage enabling us to complete exploration at a rapid pace, with over sixty personnel on the ground, including twelve geologists. With an excellent property portfolio (4 projects - 131,300 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador.
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