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Salazar Welcomes New Partner Silvercorp Metals

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Salazar Resources (TSXV: SRL) (OTCQB: SRLZF) has announced a new partnership with Silvercorp Metals Inc. at the Curipamba project, following Silvercorp's acquisition of Adventus Mining. This collaboration aims to enhance exploration, development, and operational efficiencies in Ecuador's mining sector, particularly focusing on the El Domo deposit and other joint venture properties.

The partnership is expected to leverage Salazar's innovative approach and Silvercorp's extensive experience to create significant value for shareholders. Both companies' CEOs expressed enthusiasm about the collaboration, highlighting the potential for expanded opportunities and synergies across various projects. The partnership will emphasize optimizing resource development, enhancing operational efficiency, and maintaining high standards of environmental stewardship.

Salazar Resources (TSXV: SRL) (OTCQB: SRLZF) ha annunciato una nuova partnership con Silvercorp Metals Inc. nel progetto Curipamba, a seguito dell'acquisizione di Adventus Mining da parte di Silvercorp. Questa collaborazione mira a migliorare l'esplorazione, lo sviluppo e l'efficienza operativa nel settore minerario dell'Ecuador, concentrandosi in particolare sul giacimento El Domo e su altre proprietà in joint venture.

Si prevede che la partnership sfrutterà l'approccio innovativo di Salazar e l'ampia esperienza di Silvercorp per creare un valore significativo per gli azionisti. I CEO di entrambe le aziende hanno espresso entusiasmo riguardo alla collaborazione, sottolineando il potenziale per opportunità e sinergie ampliate tra vari progetti. La partnership si concentrerà sull'ottimizzazione dello sviluppo delle risorse, sul miglioramento dell'efficienza operativa e sul mantenimento di elevati standard di tutela ambientale.

Salazar Resources (TSXV: SRL) (OTCQB: SRLZF) ha anunciado una nueva asociación con Silvercorp Metals Inc. en el proyecto Curipamba, tras la adquisición de Adventus Mining por parte de Silvercorp. Esta colaboración tiene como objetivo mejorar la exploración, el desarrollo y la eficiencia operativa en el sector minero de Ecuador, enfocándose particularmente en el depósito El Domo y en otras propiedades de la empresa conjunta.

Se espera que la asociación aproveche el enfoque innovador de Salazar y la amplia experiencia de Silvercorp para crear un valor significativo para los accionistas. Los directores ejecutivos de ambas compañías expresaron entusiasmo por la colaboración, destacando el potencial de oportunidades ampliadas y sinergias en diversos proyectos. La asociación enfatizará la optimización del desarrollo de recursos, la mejora de la eficiencia operativa y el mantenimiento de altos estándares de responsabilidad ambiental.

살라자르 자원 (TSXV: SRL) (OTCQB: SRLZF)는 어드벤투스 마이닝의 인수에 따라 실버코프 메탈즈 주식회사와 커리판바 프로젝트에서 새로운 파트너십을 발표했습니다. 이번 협력은 에콰도르의 광업 부문에서 탐사, 개발 및 운영 효율성을 향상시키는 것을 목표로 하며, 특히 엘 도모 광상 및 기타 합작 프로젝트에 집중하고 있습니다.

이번 파트너십은 살라자르의 혁신적인 접근 방식과 실버코프의 방대한 경험을 결합하여 주주에게 상당한 가치를 창출할 것으로 기대됩니다. 두 회사의 CEO는 협력에 대한 열정을 표명하며 여러 프로젝트에서 확장된 기회와 시너지를 강조했습니다. 파트너십은 자원 개발 최적화, 운영 효율성 향상 및 환경 보호에 대한 높은 기준 유지에 중점을 둘 것입니다.

Salazar Resources (TSXV: SRL) (OTCQB: SRLZF) a annoncé un nouveau partenariat avec Silvercorp Metals Inc. dans le cadre du projet de Curipamba, suite à l'acquisition d'Adventus Mining par Silvercorp. Cette collaboration vise à améliorer l'exploration, le développement et l'efficacité opérationnelle dans le secteur minier équatorien, en se concentrant en particulier sur le gisement El Domo et sur d'autres propriétés en coentreprise.

Ce partenariat devrait tirer parti de l'approche innovante de Salazar et de l'expérience étendue de Silvercorp pour créer une valeur significative pour les actionnaires. Les PDG des deux entreprises ont exprimé leur enthousiasme face à cette collaboration, soulignant le potentiel d'opportunités élargies et de synergies à travers divers projets. Le partenariat mettra l'accent sur l'optimisation du développement des ressources, l'amélioration de l'efficacité opérationnelle et le maintien de normes élevées en matière de protection de l'environnement.

Salazar Resources (TSXV: SRL) (OTCQB: SRLZF) hat eine neue Partnerschaft mit Silvercorp Metals Inc. für das Curipamba-Projekt bekannt gegeben, nachdem Silvercorp Adventus Mining übernommen hat. Diese Zusammenarbeit zielt darauf ab, die Erschließung, Entwicklung und Betriebseffizienz im Bergbausektor Ecuadors zu verbessern, insbesondere mit Fokus auf das El Domo-Vorkommen und andere Joint-Venture-Eigentümer.

Es wird erwartet, dass die Partnerschaft Salazars innovativen Ansatz und Silvercorps umfassende Erfahrung nutzt, um erheblichen Wert für die Aktionäre zu schaffen. Die CEOs beider Unternehmen äußerten Begeisterung über die Zusammenarbeit und hoben das Potenzial für erweiterte Möglichkeiten und Synergien in verschiedenen Projekten hervor. Die Partnerschaft wird sich auf die Optimierung der Ressourcenerwicklung, die Steigerung der Betriebseffizienz und die Einhaltung hoher Standards für den Umweltschutz konzentrieren.

Positive
  • New strategic partnership with Silvercorp Metals, an experienced mining company
  • Potential for enhanced exploration and development capabilities
  • Focus on optimizing resource development and operational efficiency
  • Commitment to sustainable practices and environmental stewardship
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - August 6, 2024) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) ("Salazar" or the "Company") is pleased to announce that its new partner at the Curipamba project is Silvercorp Metals Inc. ("Silvercorp"), which has recently completed its acquisition of Adventus Mining. This marks a significant milestone in the Company's growth trajectory and a commitment to advancing the mining industry, the El Domo deposit and its other JV properties in Ecuador.

This exciting collaboration represents a key opportunity for both companies to leverage their respective strengths and resources to enhance exploration, development, and operational efficiencies in the mining sector. By combining Salazar's innovative approach and Silvercorp's extensive experience and technical expertise, this partnership is poised to drive substantial advancements and create significant value for shareholders and stakeholders alike.

Fredy E. Salazar, President & CEO of Salazar, expressed enthusiasm about the new partnership: "We are delighted to welcome Silvercorp as our new strategic partner. This collaboration will not only enhance our operational capabilities but also provide a platform for expanded exploration and development opportunities. Silvercorp's proven track record and shared vision align perfectly with our strategic goals, and we look forward to achieving new milestones together."

Rui Feng, Chairman & CEO of Silvercorp, echoed this sentiment: "Partnering with Salazar is an exciting development for Silvercorp. Salazar's innovative approach and impressive portfolio complement our own strengths, and together we are well-positioned to capitalize on emerging opportunities in the Ecuadorian mining sector. We are eager to begin this partnership and work collaboratively towards our mutual goals."

The partnership will focus on exploring synergies across various projects and initiatives, with a particular emphasis on optimizing resource development and enhancing operational efficiency. Both companies are committed to advancing sustainable practices and maintaining the highest standards of environmental stewardship.

For further information from Salazar Resources, please contact Nick DeMare, Director, at ndemare@chasemgt.com or at 604-685-9316. Please also visit the Salazar Resources website at www.salazarresources.com.

About Salazar

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. The Company 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. The Company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision.

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/218968

FAQ

What is the new partnership announced by Salazar Resources (SRLZF)?

Salazar Resources (SRLZF) announced a new partnership with Silvercorp Metals Inc. at the Curipamba project, following Silvercorp's acquisition of Adventus Mining.

What are the main objectives of the Salazar Resources (SRLZF) and Silvercorp partnership?

The partnership aims to enhance exploration, development, and operational efficiencies in Ecuador's mining sector, focusing on the El Domo deposit and other joint venture properties.

How does the new partnership affect Salazar Resources' (SRLZF) projects in Ecuador?

The partnership is expected to provide a platform for expanded exploration and development opportunities, leveraging Silvercorp's experience and Salazar's innovative approach to advance their projects in Ecuador.

What specific areas will the Salazar Resources (SRLZF) and Silvercorp partnership focus on?

The partnership will focus on exploring synergies across various projects, optimizing resource development, enhancing operational efficiency, and maintaining high standards of environmental stewardship.

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