Salazar Resources Provides Update on ESG Initiatives
Salazar Resources Provides Update on ESG Initiatives
VANCOUVER, BRITISH COLUMBIA, February 13th , 2023 -- SALAZAR RESOURCES LIMITED (TSXV: SRL;
OTCQX: SRLZF; Frankfurt: CCG.F) (“Salazar” or the "Company") provides an update of some of the 2023
ESG initiatives being developed at the El Domo project communities, which are being done in parallel with
the active environmental licensing process with the Government of Ecuador. The operator, Adventus
Mining, with participation from Salazar’s ESG team, leads these activities with transparenc y and open
community consultation, and invites stakeholders and investors to contact the company for more
information as well as for future funding and partnership opportunities.
Training and Development Partnership with ESPOL University
In June 2019, Curimining S.A., the El Domo project subsidiary of Adventus Mining and Salazar Resources
Ltd., signed an inter -institutional agreement with Escuela Superior Politécnica del Litoral (“ESPOL”), a
public university in Guayaquil, Ecuador. As part of the agreement a training program was commenced in
2022, which focuses on technical trades and the support of local businesses. The 2022 -2023 program
provides training to 265 individuals from the local project communities in courses such as electrical
installations, telecommunications, civil works, health and safety, and food preparation.
Mine Operator Training Supported by Stracon-Ripconciv
A mine operator training program is being executed in partnership with the Stracon -Ripconciv Joint
Venture (see November 17, 2022 news release) and the Universidad Técnica Particular de Loja (“UTPL”),
which is taking place in the town of Las Naves through an agreement with the University of Bolivar. The
2022 program started with equipment maintenance training, of which 25% of the participants are female.
The equipment operator and mine truck driver training will commence in 2023 and will include more than
100 people from the Las Naves area.
Promotion of Local Suppliers and Service Providers
Adventus Mining and Curimining consider the promotion of local suppliers and service providers to be a
key component of El Domo’s contribution to sustainable economi c development in the region. With El
Domo’s advancement, Curimining is already a major purchaser of local goods and services, and directly
and indirectly employs many local residents. One example of our commitment to development of local
service providers is the development of community catering services, which has shown measurable and
particular benefit to women in the local communities in the direct and indirect area of influence.
Community Sports Training, Local Arts and Initiatives with Nobis and Salazar Foundations
For over ten years, Curimining has been strong supporter of the arts, culture and sports in the project
communities through a variety of youth and adult programs. While the global pandemic put a number of
local programs on hiatus for public health reasons, Curimining has resumed these regular community
activities and continues to work with the Nobis Foundation and the Salazar Foundation to further develop
tailored programs in support of El Domo project development. These programs provide an important
opportunity particularly to underprivileged youth and women in communities where support is otherwise
limited. Examples include:
• Elementary school art competition and a bursary program which provides economic support to
local children.
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• Grupo de Danza, which actively promotes and supports local culture through performance arts.
Youth teams have resumed their representation of project communities in dance competitions
across Ecuador.
• Partnership with local professional football club: Mineros Sporti ng Club S.A. and the Salazar
Foundation to establish a youth football program which has grown substantially to seven
communities in the El Domo and Curipamba region. The community program includes both a
competitive program for adults and a skills development program for youth, which involves more
than 200 local boys and girls.
Community Roundtables for El Domo Engagement
Since 2021, Curimining has encouraged a participatory dialogue process through community round tables
for the El Domo project that are led by an impartial third party – INSUCO INTL. The purpose is to engage
local and regional stakeholders in a territorial approach that addresses key community issues and
concerns. In 2021, a pilot program was rolled out in two key communities of interest, and based on the
success, the program was expanded in 2022 to be open to all regional communities. Five themes have
been identified from community feedback thus far, including: local and regional governance, community
security, sustainable economic develop ment, employment and local business development, and
environmental sustainability. Participation in the dialogue tables is typically between 40 to 70 individuals
from local and regional government, community, civil society, businesses, and academia. The roundtables
will continue every six weeks throughout 2023 and are expected to further support the El Domo
environmental licensing process.
Development of Carbon and Climate Change Strategies for El Domo
In 2022 the operator, Adventus Mining, with participation from Salazar’s ESG team, worked with Invert
Inc. to complete an initial evaluation of carbon and greenhouse gas emissions for El Domo, covering Scope
1 and 2 emissions. Key study findings for El Domo included:
• Emissions inventory and for ecast, including life -of-mine model that will categorize scopes and
activity types
• Identification and quantification of emissions reduction strategies, by review of relevant
technologies, target setting, and carbon risk management – including unique advant ages and
opportunities in Ecuador
• Incorporation of recommended emissions reduction initiatives that are in alignment with
corporate and project objectives
The study confirmed that El Domo’s future carbon footprint is expected to directly benefit from the
planned connection to the national power grid, which is already over 80% supplied by renewable sources,
proximity to deep water ports, and solar factor for energy generation and plant -life growth. In addition,
unique carbon reduction and electrification op portunities could be secured as part of the future
underground mine studies and expansion. As one of the highest grade and lowest capital intensity copper-
gold projects globally, El Domo also has the opportunity to become one of the lowest-quartile greenhouse
gas emissions intensity operations.
The plan for 2023 is to further expand and explore these findings commercially. For example, El Domo’s
advantageous location and the greater 215 km 2 Curipamba district area could provide unique carbon
sinking and cr edit opportunities – beyond the purchase of carbon offsets from third parties. Although
Ecuador has yet to enact a national level emissions trading scheme, five other jurisdictions in Latin
America have done so and various Ecuadorian stakeholder groups and government agencies continue to
build momentum through dialogue.
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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.