Salazar Resources Limited

Salazar Resources Limited

March 05, 2010 08:00 ET

Salazar to Give Technical Presentation at PDAC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 5, 2010) - Salazar Resources Ltd. (TSX VENTURE:SRL) is pleased to announce that the Company will be presenting a technical discussion;

When: Tuesday, March 9 at 2:25 PM

Where: Room 715 AB, in the Metro Toronto Convention Centre, South Building.

"Discovery of a new Classic Kuroko-type Massive Sulphide District in Central Ecuador"

Buckle, J., P.Geo. Geological Solutions

Soria, F., P.Eng. Salazar Resources Ltd.

Franklin, J., PhD. Franklin Geoscience

Or come meet the Salazar team in Booth #2945

March 7-10, 2010

10:00am to 5:30pm daily (12 noon on Wednesday)

Metro Toronto Convention Centre, South Building

Click here to Pre-Register for FREE:

If you are unable to attend the conference or presentation, but would like updated information on Salazar Resources, feel free to call 604.484.0066

Project Summary:

It has been at least a decade since the discovery of an important new massive sulphide district. Recent results indicate that the Salazar Resources Ltd. Curipamba project in central Ecuador is becoming just that. The El Domo deposit has all the characteristics of a classic Kuroko-type volcanic hosted massive sulphide (VHMS) deposit.

The project is located on the western slope of the Andes, about 900 meters above the coastal plane. The rock units are mid-Eocene age and as such, with the exception of a few pre and post-mineralization faults, they have not experienced extensive deformation. The Curipamba project is in a volcanogenic massive sulphide environment with evidence of submarine deposition of sulphides. The deposit lies in relatively simple volcano-sedimentary stratigraphy. A felsic unit of dacite flow and clastic rocks is immediately overlain by the massive sulphide unit that is composed of massive to semi-massive sphalerite, chalcopyrite and pyrite lenses, intercalated with debris flows and volcaniclastic and seafloor sediment. The sulphide layer is predominantly overlain by andesitic pyroclastic rocks.

The results from initial geochemical surveys were anomalous and the subsequent induced polarization geophysical survey identified several targets. Drilling has confirmed that the economic sulfides are present in several locations. An inferred resource of 4 million tons with a grade of 3.48 grams of gold per ton, 76.33 grams of silver per ton, 2.51% copper, 4.55% zinc and 0.47% lead has been calculated for El Domo, one of the anomalies of the Las Naves area. The El Domo deposit is in a stratbound, horizontal layer at a relatively shallow depth and is open in three directions.

Additional drilling of this target and other targets in the Curipamba project could add significantly to the potential resources. The Curipamba Project is a new gold and base metal massive sulphide camp in western Ecuador.


Fredy Salazar, President & CEO

About Salazar Resources Limited:

Salazar Resources Ltd. is a publicly-listed (TSX VENTURE:SRL) mineral resource company engaged in the exploration and development of new highly prospective areas in 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. Being an Ecuadorian based company gives the company a strategic advantage enabling the company to complete exploration at a rapid pace. With an excellent property portfolio (3 projects - 42,900 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador and throughout South America.

"Neither 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 release."

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