Salazar Resources (TSX.V: SRL; FRANKFURT: CCG.F) (“Salazar” or the “Company” is pleased to report its acquisition of the Macara project in the Occidental Cordillera of the Andean province of Loja in southwestern Ecuador (see Figure 1). The Macara project currently comprises two concessions: (1) Macara Mina(288 hectares) leased from a third-party, and (2) Bonanza mining concession (1,519 hectares) granted by the Ecuadorian government.
Fredy Salazar, President and CEO, commented:
“Now that our Curipamba-El Domo project is being funded through feasibility stage by a joint venture with Adventus Zinc, Salazar will utilize its knowledge and experience in exploration in Ecuador to acquire new regional opportunities that we believe can add value for our shareholders in 2018.”
This project is highly prospective for epithermal gold-silver, gold-copper porphyry and volcanogenic massive sulfide (VMS) deposits.