Salazar Resources Identifies High-Priority Copper-Gold Porphyry Target at its 100%-Owned Monja Project, Ecuador
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Salazar Resources Identifies High-Priority Copper-Gold Porphyry Target at its
100%-Owned Monja Project, Ecuador
VANCOUVER, BRITISH COLUMBIA, April 8, 2026 -- SALAZAR RESOURCES LIMITED (TSXV: SRL,
OTCQB: SRLZF , FSE: CCG) (“Salazar” or the "Company") has evaluated its wholly owned portfolio of
properties throughout Ecuador, conducting baseline geological work to define appropriate
development strategies for each project. T he Company has identified the 100% owned Monja
Project as a cornerstone asset on which the Company will focus its exploration programs, while
continuing to advance and assess its remaining properties.
The decision to focus on its 100% owned Monja Project, which is located in the Loja Province and
covers 9,088ha across two licenses, is based on the results achieved to date, and the work required
to advance the project to the next stage.
Surface mapping in the Monja project has defined a copper-gold porphyry system containing a two
kilometer by one kilometer central core, within a Paleocene-Miocene metallogenic belt known to
host multiple significant copper deposits in southern Ecuador. Mineralization observed to date
includes hydrothermal breccias with pyrite -chalcopyrite matrix, quartz -sulphide stockwork
veining, and locally bornite, together with well -mineralized tourmaline breccias, all considered
strong indicators of porphyry fertility.
Sampling has returned elevated copper and gold values from the central portion of a concentric
porphyry system, while epithermal veins higher in the system show evidence of historical small -
scale gold extraction, confirming the presence of a vertically preserved mineralizing environment.
Salazar has planned a high-impact mapping, sampling and ground geophysics program to further
define drill targets. The concession benefits from year-round exploration access and is considered
a priority early-stage target within the Company’s Ecuadorian portfolio.
CEO Fredy Salazar, commented:
“We are very pleased to be advancing our 100% -owned Monja concession. The identification of a
complete copper -gold porphyry system through our own fieldwork highlights the strength of
Salazar’s exploration team. With clear fertility indicators including bornite and tourmaline breccias,
and a sizeable alteration footprint already mapped, Monja represents an exciting new greenfields
discovery with strong discovery potential.”
Monja Cpper-Gold Project, Ecuador
The Monja Copper-Gold Project is located in Loja Province, Ecuador, covering 9,088 hectares across
two licenses (Map 1). A review of historical data and field reconnaissance has been completed.
The project lies on the northeast margin of the Lancones Basin, which hosts recognized
volcanogenic massive sulfides and porphyry deposits including the giant volcanic -hosted Tambo
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Grande massive sulphide deposit¹ and the Rio Blanco porphyry² in Peru. The project is also in close
proximity to the Sunstone Metals’ Bramaderos³ porphyry project in Ecuador.
1. www.mdru.ubc.ca/projects/giant-volcanic-hosted-massive-sulfide-deposits-the-volcanologic-and-structural-setting-of-tambo-grande-peru/
2. Geology and Geochronology of the Miocene Rio Blanco Porphyry Cu-Mo Deposit, Northern Peru - Astrophysics Data System
3.www.sunstonemetals.com.au/site/projects/bramaderos-gold-copper-project/overview
Map 1. Monja project map
Sampling Program:
A total of nine rock chip samples were collected from mineralized outcrops. Three samples (51584,
51583 and 51587) returned encouraging results (Table 1). The best result came from sample
51584 which returned 4.77% Cu, 1.12 g/t Au, 19.5 g/t Ag, 74 ppm Mo . The samples were taken
from outcropping granodiorite and hydrothermal breccias hosting Cu -porphyry–style
mineralization: hydrothermal breccias with pyrite-chalcopyrite matrix, quartz-sulphide stockwork
veining, and traces of bornite.
Rock chip samples are selective by nature and may not be representative of the underlying
mineralization. The result is preliminary, and additional work is required to determine the extent,
continuity, and significance of the mineralization.
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Table 1. Samples
Conversion: Cu_ppm x 0.0001 = Cu%
QAQC
Samples were submitted to Inspectorate Services Perú S.A.C., an independent accredited
laboratory, for analysis. Samples were prepared and analyzed using 44 elements aqua regia
digestion with ICP-AES finish. Gold analysis was completed by lead collection fire assay fusion with
AAS finish. The Company implements a quality assurance/quality control (QA/QC) program that
includes the insertion of standards, blanks, and duplicates.
Qualified Person
The technical data referenced in this release has been reviewed and approved by Kieran Downes,
P .Geo., a Qualified Person as defined under NI 43-101.
About Salazar Resources
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 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. Salazar Resources actively engages with
Ecuadorian communities and together with the Salazar family it co -founded The Salazar
Foundation, an independent non -profit organization dedicated to sustainable progress through
economic development. At its maiden discovery, El Domo – Curipamba Project, Salazar Resources
has a 25% stake fully carried through to production. Salazar Resources now holds 100% ownership
of the Santiago, Pijilí, Monja, Tigre and Tarqui-Quimi exploration projects.
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.”
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.
SAMPLE TYPE Au (g/t) Ag (g/t) Cu (%) Mo_ppm
51583 Chips 0.21 5.7 0.258 109
51584 Chips 1.12 19.5 4.771 74
51587 Chips 0.14 3.8 0.130 137
51588 Chips 0.01 0.1 0.037 1
51592 Chips 0.02 0.3 0.052 4
51593 Chips 0.03 0.8 0.080 144
51740 Chips 0.01 0.1 0.005 25
51742 Chips 0.03 0.1 0.005 4
51743 Chips 0.02 0.4 0.075 19