Salazar Acquires New Project In Ecuador
Salazar Acquires New Project In Ecuador
Vancouver, British Columbia, January 30, 2018 - Salazar Resources Limited (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 fr om 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 wi th 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.”
The Macara project lies within Célica volcano-sedimentary Formation (known as the Lancones Formation in
neighboring Peru), which is intruded by the Cretaceous -age Tangula granodiorite batholith. This project is
highly prospective for epithermal gold- silver, gold -copper porphyry and volcanogenic massive sulfide
(VMS) deposits. The Macara project is located 100km to the north of the Tambogrande VMS deposit in the
Cretaceous Lancones basin of northwestern Perú, which hosts some of the largest Cu- Zn-Au-Ag-bearing
massive sulfide deposits in the world (Winter, L.S. (2008); Atlantic Geology, Vol. 44. No. 1).
ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED
“Fredy Salazar”
Fredy Salazar,
President & CEO
For further information, please contact:
Salazar Resources Ltd.
www.salazarresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news
release.
This press r elease contains “forward - looking information” within the meaning of applicable Canadian securities laws.
All statements included herein, other than statements of historical fact, are forward -looking information and such
information involves various risks and uncertainties. Forward -looking information herein includes, but is not limited to,
statements that address activities, events or developments that the Company expects or anticipates will or may occur in
the future. Such forward -looking information is based on a number of material factors and assumptions. Although the
Company has attempted to identify important factors that could cause actual actions, events or results to differ
materially from those described in forward -looking information, there may be other factors that cause actions, events or
results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be
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accurate, and actual results and future events could differ materially from those anticipated in such information. A
description of assumptions used to develop such forward- looking information and a description of risk factors that may
cause actual results to differ materially from forward -looking information can be found in the Company's di sclosure
documents on the SEDAR website at www.sedar.com. Accordingly, readers should not place undue reliance on forward
-looking information. The Company does not undertake to update any forward- looking information except in
accordance with applicable securities laws
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Figure 1: Macara Project Location