Salazar Welcomes New Partner Silvercorp Metals
Salazar Welcomes New Partner Silvercorp Metals
VANCOUVER, BRITISH COLUMBIA, August 6, 2024 -- SALAZAR RESOURCES LIMITED (TSXV:
SRL, OTCQX: SRLZF, Frankfurt: CCG.F) (“Salazar” or the "Company”) – Salazar Resources Ltd.
is pleased to announce that its new partner at the Curipamba project is Silvercorp Metals
Inc. (“Silvercorp”), which has recently completed its acquisition of Adventus Mining. This
marks a significant milestone in the Company's growth trajectory and a commitment to
advancing the mining industry, the El Domo deposit and its other JV properties in Ecuador.
This exciting collaboration represents a key opportunity for both companies to leverage
their respective strengths and resources to enhance exploration, development, and
operational efficiencies in the mining sector. By combining Salazar’s innovative approach
and Silvercorp’s extensive experience and technical expertise, this partnership is poised to
drive substantial advancements and create significant value for shareholders and
stakeholders alike.
Fredy E. Salazar, President & CEO of Salazar, expressed enthusiasm about the new
partnership: “We are delighted to welcome Silvercorp as our new strategic partner. This
collaboration will not only enhance our operational capabilities but also provide a platform
for expanded exploration and development opportunities. Silvercorp’s proven track record
and shared vision align perfectly with our strategic goals, and we look forward to achieving
new milestones together.”
Rui Feng, Chairman & CEO of Silvercorp, echoed this sentiment: “Partnering with Salazar is
an exciting development for Silvercorp. Salazar’s innovative approach and impressive
portfolio complement our own strengths, and together we are well-positioned to capitalize
on emerging opportunities in the Ecuadorian mining sector. We are eager to begin this
partnership and work collaboratively towards our mutual goals.”
The partnership will focus on exploring synergies across various projects and initiatives, with
a particular emphasis on optimizing resource development and enhancing operational
efficiency. Both companies are committed to advancing sustainable practices and
maintaining the highest standards of environmental stewardship.
For further information from Salazar Resources, please contact Nick DeMare, Director, at
[email protected] or at 604 -685-9316. Please also visit the Salazar Resources website at
www.salazarresources.com.
About Salazar
Salazar Resources Limited 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 ma ny 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 organiz ation dedicated to sustainable progress through economic
development. The Company already has carried interests in three projects. At its maiden discovery, Curipamba,
Salazar Resources has a 25% stake fully carried through to production. At two copper-gold porphyry projects, Pijili
and Santiago, the Company has a 20% stake fully carried through to a construction decision.
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.