Salazar Announces Award of Mining Contract for El Domo Copper-Gold Project
Salazar Announces Award of Mining Contract for El Domo Copper-Gold Project
VANCOUVER, BRITISH COLUMBIA, November 17 , 2022 -- SALAZAR RESOURCES LIMITED (TSXV: SRL;
OTCQX: SRLZF; Frankfurt: CCG.F) (“Salazar” or the "Company”) is pleased to announce that negotiations
have concluded for the award of the open pit mining contract to a joint-venture between STRACON S.A.,
a well-established Peruvian mining contractor with operations throughout the Americas, and RIPCONCIV,
a large and respected Ecuadorian infrastructure construction contractor (“STRACON-RIPCONCIV JV”) for
the development of the El Domo - Curipamba copper -gold project located in central Ecuador (the
“Project”).
The mining contract has been structured in an alliance -partnership model to ensure focus on the best
solutions for the Project and the optimal allocation of risks to the parties best equipped to manage and
mitigate. The contract term is for a duration of 48-months which is projected to include the construction
period as well as the first two years of operations. There is an option for the contract with STRACON -
RIPCONCIV JV to be extended upon mutual agreement between the parties.
Said Company President and CEO Mr. Fredy Salazar, “We are extremely pleased that this contract has been
finalized and thank Christian Kargl -Simard and the Adventus team for their efforts in achieving this key
milestone. The contract has been awarded to a very strong group and we look forward to the work
beginning and moving El Domo towards production.”
This contract is the largest anticipated to be awarded for the Project and includes scope generally
consisting of open pit pre -strip and mining, and construction of the tailings facility, waste rock facilities,
and associated mine infrastructure.
About Salazar Resources
Salazar Resources is focused on creating value and positive change through discovery, exploration and
development in Ecuador. The team has an unrivalled understanding of the geology in -country and has
played an integral role in the discovery of many of the major projects in Ecuador, including the two newest
operating gold and copper mines.
Salazar Resources has a wholly-owned pipeline of copper-gold exploration projects across Ecuador with a
strategy to make another commercial discovery and farm -out non -core assets. The Company actively
engages with Ecuadorian communities and together with the Salazar family it co -founded The Salazar
Foundation, an independent non-profit organisation dedicated to sustainable progress through economic
development.
For further information about Salazar Resources, please contact Merlin Marr- Johnson, Executive Vice
President and Corporate Secretary, at [email protected] or [email protected] or at +1
604 685 9316.
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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.