Salazar Resources Limited

Salazar Resources Limited

June 05, 2007 09:00 ET

Salazar Reports 10 Meters at 7.63 g/t Gold and 291 g/t Silver and Exceptional Samples With Results of Up to 2.7 % Cu and 34.9 % Zinc From the New Cade Sur Anomaly in Ecuador

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 5, 2007) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) announces further results from the Company's 2007 exploration program at the Curipamba Project in Ecuador. The exploration program at Curipamba has focused in the southern portion of the property within the Las Naves concession. The Company has received assay results from the work carried out at Cade Sur which is located 550 meters northwest of the El Gallo Anomaly and 250 meters southeast from Cade 1 Anomaly.

Within the mineralized zone the most significant results from 9 rock chip samples include:

- 10 meters of 7.63 grams per tonne gold and 291 grams per tonne silver;

- 1.3 meters at an average of 5.03 grams per tonne gold, 376 grams per tonne silver, 2.74 percent copper and 19.6 percent zinc and

- a selective sample of the mineralized blocks that ranged from 0.1 to 1.0 meters in diameter that graded 50.9 g/t gold, 706 g/t silver, 2.7 % copper, 1 % lead and 34.9 % zinc.

To view Figure 2 please click on:

The mineralization at Cade Sur is hosted within in a hydrothermal breccia with silica poly-sulphide clasts (silver mineralization with sphalerite and galena), in an argilic-disseminated pyrite matrix.

The total chip composite and channel sampling covered a length of approximately 40 meters and a total 9 samples at 1 to 4 meter spacing were collected. Within the mineralized zone, samples ranged from 0.05 g/t to 50.9 g/t gold; 0.3 g/t to 706 g/t silver; 0.004 % to 2.7 % copper and from 0.006 % to 34.9 % zinc.

Sample No. Width (m) Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%)
N34 2.00 0.07 0.3 0.02 0.01 0.01
less less
than than
N35 2.00 0.05 2.5 0.001 0.001 0.01
N6332 1.30 5.03 376.0 2.74 1.0 19.65
N6342 4.00 1.18 197.0 0.14 0.49 0.53
N6343 3.20 15.70 408.0 0.03 0.30 0.15
less less less
than than than
N6344 1.00 0.07 3.0 0.001 0.001 0.001
N6346 1.00 0.16 6.9 0.66 0.001 0.49
N6347 1.50 0.08 7.1 0.08 0.08 0.03
N6348 selective 50.90 706.0 2.65 5.12 34.9

Mr. Salazar, President, stated, "We continue to be pleased with the results we are receiving from our ongoing sampling programs. As there is significant surficial cover within the area we believe we may have sampled only a small portion of the mineralized structure at Cade Sur. Although this structure has not been fully delineated we consider it could be the northern extension of El Gallo Anomaly and the south extension of Cade 1 Anomaly. We will test the extent and depth of this structure with a diamond drill program planned for August."

The Company will continue with geological, geophysical and geochemical work to determine the continuity of the mineralized structures. Grid lines are being cut every 50 meters and soils samples are being collected every 25 meters. Numerous channel samples will be taken from outcrops located within the grid.

To view Figures 1 to 5 please click on:

Dr. Howard Lahti, P. Geo, the Qualified Person for the company as defined in Canadian National Instrument 43-101, has reviewed this news release for accuracy.

Sample preparation was performed by ALS Chemex Quito, Ecuador using standard industry practices (Sample prep -32). Analytical work was carried out at the ALS Chemex Laboratory in Vancouver, Canada using fire assay methods for gold (Au-25 procedure). A QC program was used whereby of every 10 samples one was sent for reanalysis at BSI Inspectorate Lab; as were several samples with values higher than 5 g/t gold. Standard samples, blanks and duplicate check samples were randomly inserted into the sample lot to ensure quality control.

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) 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. Being an Ecudorian based company gives us a strategic advantage enabling us to do the exploration at a rapid pace, having over sixty personnel on the grounds, 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.

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