Salazar Resources Limited

Salazar Resources Limited

December 19, 2007 08:00 ET

Salazar Mobilizes Second Drill Rig to Las Naves at the Curipamba Project, Ecuador

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 19, 2007) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to announce a second drill rig has been mobilized and has now commenced drilling at the Company's Las Naves Area at the Curipamba Project, Ecuador. Thirty drill holes are planned for a total of 5000 metres. First, the drill will test the El Gallo anomaly. The drill plan is to complete 4 holes at the El Gallo anomaly, and then move the drill to the Roble, Roble Uno, Guayabillo, and Cade South anomalies for a total of 10 drill holes. The remaining holes of the drill program will be dictated from the initial drill results. We anticipate the first drill results in January, 2008.

The Las Naves Area comprises over 12 significant mineralized anomalies discovered at surface over an area 2km x 1km. For detailed maps of all the anomalies please review the Company's prior news releases. The Company is focused on discovering large tonnage deposits. The Company believes that at Las Naves there is a relationship between all mineralized anomalies; the goal of the drill program is to prove this theory correct.

Previous sampling results at El Gallo collected from several outcrops and sub-crops include (previously reported 2007-03-20):

- 17 m averaging 11.2 grams per tonne gold and 505 g/t silver

- 12 m averaging 7.09 g/t gold and 299 g/t silver

- 10 m averaging 12.13 g/t gold and 235 g/t silver

To view the map of the Curipamba Project please click on the following link:

The first drill continues to test anomalies identified during the recent ground geophysics program at Sesmo Sur. Drill hole CURI-07-013 has been completed with an additional 10 drill holes planned for the completion of the Phase 1 drilling program at Sesmo Sur. Results are pending and are anticipated in January, 2008.

Since the recommencement of the exploration program in October, a field work program has been ongoing with 500 samples collected to date from trenching, channeling, chip and grab. Line cutting for ground geophysics grids is also ongoing. The samples have been shipped and are being assayed with results to be available early in the New Year.

Mr. Salazar, President and CEO, stated, "We are excited to finally test the El Gallo anomaly as we have encountered some of our highest grades project-wide from this mineralized breccia zone. Having two drills will allow us to accelerate our drill program and react quickly to positive drill results through follow-up drilling."

To view maps and photos related to the Curipamba Project please visit:


Fredy Salazar, President & CEO

Salazar Resources Limited

Salazar Resources Ltd. is a publicly-listed (TSX VENTURE:SRL)(FRANKFURT:CCG) mineral resource company engaged in the exploration and development of new highly prospective areas of Ecuador. Led by a senior Ecuadorian management team and most notably by its namesake Fredy Salazar, this team has been instrumental in other major discoveries throughout Ecuador, including Aurelian's Fruta Del Norte discovery, IAMGOLD's Quimsacocha Deposit, Mozo Deposit, Ex Newmont's Cangrejos Project and International Minerals Rio Blanco and Gaby Deposit. The Company's Ecuadorian base provides a strategic advantage, enabling exploration to be completed at a rapid pace. The Company employs over sixty personnel on the ground, including twelve geologists. With an excellent property portfolio (4 projects - 131,300 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information