Drilling prospective gold and copper targets which are located in a prolific mining district.
Los Osos is a 229 hectare, single concession, exploration licence located in the Cerro Pelado-Cangrejos mineral district within El Oro State (which translates to ‘Gold State’) in southwest Ecuador. The licence is held 100% by Salazar Resources and hosts a system of veins rich in gold and silver, combined with hydrothermal breccias and mineralised gold-copper porphyries. Several quartz-tourmaline breccias mineralised with chalcopyrite and pyrrhotite are present on the property.
Under previous tenure, the area has been mapped, sampled, and subject to airborne geophysical surveys (magnetic and radiometrics). Artisanal miners have historically worked some of the veins, and small-scale mining has been active at Los Osos and the adjacent properties for over fifteen years.
A Phase 1 drilling program in 2021 completed 3,785 m of drilling in six holes at Los Osos. Intersections included 69 m @ 0.59 g/t Au from surface in hole OSO-01, and 51 m @ 0.52 g/t Au from 7 m in hole OSO-03.
Regional Setting of Los Osos Licence area
Map of Los Osos Licence area and other licences of interest nearby
Schematic cross-section A-A', proposed drill plan
Los Osos geological map and drill plan
Proposed drill-hole traces, soil anomalies and key geological features, Los Osos