El Domo Deposit

El Domo is located 800 metres north from the El Gallo anomaly and 400 metres south from the Roble 1 anomaly.  The El Domo deposit is a newly discovered massive sulphide, rich in chalcopyrite plus sphalerite plus galena plus pyrite with 60- to 100-per-cent sulphide content. The body occurs about 50 metres below the surface and is broadly subhorizontal. It has a length of about 450 m, north-south, and is approximately 150 m wide. The thickness varies from 5.8 to 19 m. The body is open to the north, south and west.
 
The El Domo anomaly was identified by the ground geophysics program from an induced polarization anomaly. The amplitudes are consistent with very high chargeability and low-resistivity values, which are characteristic of semi-massive to massive sulphide bodies. Drill results to date have confirmed this interpretation.  The anomaly is clearly observed in the data over an aerial extent 400 metres in length and 250 metres in width. It also appears to broaden at a depth of 120 metres.
 
Salazar Resources Ltd. has provided the first independent inferred resource estimate at El Domo, Las Naves area, Curipamba project, Ecuador.  The resource estimate is based upon drill assay results (2,634 metres in 13 drill holes). A block model created with Gemcom defined an inferred resource approximately 4.08 million tonnes at 3.48 grams per tonne gold, 76.33 g/t silver, 2.51 per cent copper, 4.55 per cent zinc and 0.47 per cent lead. The inferred resource was calculated using a one g/t gold cut-off grade and an average density of 4.2 tonnes/cubic metre.
 
 
 
In regards to the recent Mining Mandate announced by the government of the Republic of Ecuador, the project and this discovery is not in an area affected by‘protected area status,’ nor does this target exemplify an open-pit mining scenario,these being major considerations of the Mining Mandate. The project’s concessions are in good standing and all environmental permits were accepted by the current government. When clarification about the Mining Mandate is received, the company will focus all efforts back to this area with the goal of delineating this new discovery.
 
EL DOMO INTERSECTIONS USED FOR RESOURCE CALCULATION

Drill Hole

 

 

 

From

 

To

 

*Intercept

 

Gold

 

Silver

 

Copper

 

Lead

 

Zinc

 

 

 

 

 

(m)

 

(m)

 

(m)

 

(g/t)

 

(g/t)

 

(%)

 

(%)

 

(%)

 

CURI-08-036

 

 

 

50.10

 

51.80

 

1.70

 

1.06

 

11.52

 

2.44

 

0.03

 

0.19

 

CURI-08-037

 

 

 

106.45

 

108.42

 

1.97

 

0.84

 

12.88

 

0.76

 

0.07

 

0.27

 

CURI-08-039

 

 

 

117.00

 

129.37

 

12.37

 

3.62

 

51.75

 

1.19

 

0.15

 

4.54

 

 

 

includes

 

117.00

 

120.00

 

3.00

 

6.71

 

145.42

 

2.56

 

0.23

 

12.67

 

 

 

includes

 

126.78

 

129.37

 

2.59

 

9.17

 

69.86

 

2.59

 

0.32

 

6.43

 

CURI-08-042

 

 

 

186.35

 

194.93

 

8.58

 

1.78

 

47.94

 

0.90

 

0.52

 

7.53

 

 

 

 

 

228.10

 

237.68

 

9.55

 

0.81

 

30.70

 

0.10

 

0.36

 

1.13

 

CURI-08-043

 

 

 

46.75

 

61.90

 

15.15

 

0.48

 

26.41

 

0.05

 

0.02

 

0.11

 

 

 

includes

 

46.75

 

50.15

 

3.40

 

1.51

 

102.46

 

0.01

 

0.05

 

0.13

 

CURI-08-045

 

 

 

202.86

 

208.61

 

5.80

 

4.90

 

95.40

 

3.54

 

0.22

 

2.51

 

CURI-08-046

 

 

 

49.33

 

65.66

 

16.33

 

3.59

 

114.20

 

3.42

 

0.83

 

5.52

 

CURI-08-047

 

 

 

70.35

 

83.85

 

13.5

 

0.22

 

21.11

 

0.24

 

0.22

 

2.36

 

CURI-08-048

 

 

 

40.05

 

59

 

18.95

 

3.41

 

61.08

 

2.83

 

0.44

 

3.18

 

CURI-08-049

 

 

 

60.9

 

69.1

 

8.2

 

1.69

 

22.31

 

1.05

 

0.22

 

2.24

 

CURI-08-050

 

 

 

117

 

127.33

 

10.33

 

1.8

 

54.52

 

1.89

 

0.12

 

1.42

 

 

 

 

 

136.15

 

139.75

 

3.6

 

1.06

 

15.68

 

1.94

 

0.1

 

0.8