Salazar Resources Identifies High-Priority Copper-Gold Porphyry Target at Its 100%-Owned Monja Project, Ecuador
Rhea-AI Summary
Salazar Resources (OTCQB: SRLZF) has designated the 100%-owned Monja Project in Loja Province, Ecuador (9,088 ha), as its exploration priority after surface mapping defined a 2 km x 1 km porphyry core with porphyry-style mineralization.
Rock chips include a high result of 4.77% Cu and 1.12 g/t Au. The company plans mapping, sampling and ground geophysics to define drill targets; results are preliminary and require follow-up.
AI-generated analysis. Not financial advice.
Positive
- Rock chip result: 4.77% Cu, 1.12 g/t Au
- Defined a 2 km x 1 km central porphyry core
- 100% ownership of 9,088 ha across two licenses
Negative
- Rock chips are selective and may not represent continuity
- No drilling yet to confirm extent or resource potential
- Results described as preliminary and require further work
News Market Reaction – SRLZF
On the day this news was published, SRLZF gained 7.41%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - 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. The Company has identified the
The decision to focus on its
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
Monja Copper-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 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
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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
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.
Table 1. Samples
Conversion: Cu_ppm x 0.0001 = Cu%
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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
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291556