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Salazar Resources Corporate Presentation 2017
1. SALAZAR RESOURCES LTD.
TSX-V: SRL
CORPORATE PRESENTATION
2017
“In partnership to develop Latin America’s next major VMS camp”
2. Forward-looking statements: This report includes certain statements that may be deemed
forward-looking. All statements in this release, other than statements of historical facts, that
address future production, reserve potential, exploration drilling, exploitation activities and
events or developments that the company expects, are forward-looking statements. Although
the Company believes the expectations expressed in such forward looking statements are
based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those in the
forward looking statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices, exploitation and exploration
successes, availability of capital and financing, and general economic, market or business
conditions. Investors are cautioned that actual results or developments may differ materially
from those projected in the forward-looking statements.
Disclaimer
3. Key Personnel
Fredy Salazar, President & Chief Executive Officer
M.Sc., 27 years experience, Newmont
Exploration, original work on Fruta del Norte
Nick DeMare, Corporate Secretary
CA, President of Chase Management, Director
of public companies
Juan C. Ortiz, B.Sc., M.Eng, Director
COO of Campania Minera Milpo SA and
former Corporate project manager of the
mining division of the Trafigura Group
Jorge Roca Arteta, Director
Harvard Business School alumni, experienced
business executive and Chairman of the
Cuenca Chamber of Industry.
Etienne Walter, Director
Honorary Consul General of the Republic of
Ecuador
Thomas Kelly, Director
Colorado School of Mines alumni, 35 years
of experience in mine production
Pablo Acosta, Chief Financial Officer
CPA, Private company experience, 7 years with
Salazar
Francisco Soria, Ing., Exploration Manager
22 years geological experience, 8 years with
Newmont, specializing in South America.
Kieran Downes, Ph.D., P.Geo, Qualified Person
Over 40 years diversified experience in gold, base
metals, uranium and diamond exploration
Jim Franklin, Ph.D., FRSC, P.Geo, Technical Consultant
Exploration geologist with 40 years of experience,
focusing on the discovery of base metal, uranium and
gold deposits
James Mayor, Technical Consultant
43 years in the Mining-Exploration Industry, 37 years
with Newmont Mining Corporation
Warren Pratt, Ph.D., P.Geo, Technical Consultant
25 years experience, worldwide Consultant, expert in
geologic mapping
4. Investment Highlights
• Major near surface high grade discovery with a NI 43-101 resource estimate
• Preliminary Economic Assessment (PEA) on the El Domo property at the Curipamba
project was completed on January 16th, 2015.
• Looking to be the next major VMS producer in Latin America
• 100% ownership of all properties
• Richest combined metal grades of all VMS deposits in the Andes
• Strategic investors including: Resource Capital Fund (15.09%), Lundin Mining (5.26%),
Guangshou Mining (5.18%), Trafigura (3.98%)
• The Salazar team has been instrumental in Ecuador’s most significant discoveries
including Fruta del Norte (13.7M oz. gold)
• Undefined limits of El Domo Deposit towards the east, north and at depth
• Only 20% of Naves Central Zone has been explored, with some additional high priority
anomalies to be drill tested
• An entire under-explored VMS District in Latin America
5. MID-SIZE MINING LARGE PROJECTS
Underground Mining between 300 – 1,000 t/day
Open Pit Mining between 1,000 – 2,000 t/day
> 1,000 t/day for Underground mining
> 2,000 t/day for Open Pit mining
Mining concessions granted up to 10 years: 4 years early
exploration (US$ 8.85/Ha) + 4 years advanced exploration
(US$17.7/Ha) + 2 years feasibility study (US$17.7/Ha)
Mining concessions granted up to 10 years: 4 years early
exploration (US$ 8.85/Ha) + 4 years advanced exploration
(US$17.70/Ha) + 2 years feasibility study (US$17.70/Ha)
Ruled by mining law, no negotiation with the government.
Once the mine begins operations, the annual payment
jumps to US$17.70/Ha up to 25 years (renewable)
Negotiation with the government to obtain operational
permit. Once the mine begins operations, the annual
payment jumps to US$21.9/Ha up to 25 years (renewable)
Fixed Royalty of 3% on NSR for Small Mining
Fixed Royalty of 4% on NSR for Mid-Size Mining
Royalty between 5-8% on NSR
No windfall taxes Windfall tax: 70% for the state y 30% for the Company to
be paid 48 months after the investment has been
recovered (in terms of the Net Present Value (NPV)) on
amounts exceeding the agreed base price.
Sovereign Adjustment: If the state has received benefits in an amount lower to that of the exploration company’s, the
Sovereign Adjustment will be calculated and applied. Said tax will be paid after the NPV of the investment has been
repaid.
TAX return: VAT devolutions will begin in 2018 TAX return: VAT devolutions will begin in 2018
Total tax burden ~ 27% (includes Royalty, VAT, Profit
Sharing and Corporate Taxes). No windfall taxes
Total tax burden ~ 27% (includes Royalty, VAT, Profit
Sharing and Corporate Taxes)
Background – Ecuador Mining Law 2013
7. Ecuador Projects:
Curipamba (El Domo Deposit): VMS
Camp
Santiago: Cu-Au porphyry and
hydrothermal quartz-sulphide veins.
Mendez: Cu-Zn porphyry
Rumiñahui - Au quartz stockwork
Colombia Projects:
Ramos –La Verde Project: Cu-Au-
Mo porphyry and mesothermal veins
with Au-Ag.
Alisales Project: Quartz-sulphide
veins system with Zn-Cu-Au.
Project Portfolio
8. The Salazar team discovered a high grade VMS camp with gold-rich
Cu-Zn VMS and structural zones. The mineralized body now has a
strike length of 850m North – South and an East – West width of
between 300 to 500m, with an average thickness of 10m. The body is
sub-horizontal from 50m to 150m below surface. The Company
completed its PEA of EL Domo on January 16th, 2015 El Domo.
Curipamba Project - Deposit El Domo
850m.
9. Curipamba Project
100% owned (21,500.00 hectares)
Located in the Western Cordillera of
Ecuador
2.5-hour drive from Guayaquil
20 km from Pan-American highway and
15km from high tension wires
Host to a new volcanic massive sulphide
camp controlled by Salazar
43,140 m drilled in 220 holes
Extensive drilling has defined an intact,
upright and only mildly disturbed
Kuroko-type VMS deposit
No forests or natural reserves in vicinity
LA PLATA
MACUCHI
CURIPAMBA
10. Curipamba Project –
Discovered El Domo in 2008
Located in Las Naves concession
El Domo remains open towards the north, east
and at depth. The average drill hole spacing is
approximately 50m within the El Domo.
For the resource estimate made in December
2013, a total of 31,770m were drilled in
168 holes. A total of 7736 samples were assayed.
High priority outcrop anomalies still to be drill
tested 800m north from El Domo Deposit (Sesmo
Anomaly)
The footwall at El Domo is a classic felsic flow
dome complex, very similar to Kuroko, Tasmania
and Noranda.
Phase V of drilling started on the latest part of
2016. This phase is set to complete 10,298m of
which 4,000m have been completed so far. The
main target is to define the El Domo deposit in
all directions and to test new anomalies in the
project. Fully financed by Resource Capital
Fund.
EL DOMO VMS Deposit
12. Preliminary Economic Assessment
The PEA evaluated the economics of an initial open pit operation followed by underground mining feeding
to a conventional froth flotation plant. The report also studied several alternative sites for waste dump,
tailing reservoir, processing plant and ancillary facilities while at the same time identified the most likely
sources for process-water and electricity.
• Mine life of 14 years split into 9 years for open pit (at 2,000 tonnes per day) + 5 years for underground
mining (at 1,000 tonnes per day)
• Total open pit production -which has been factored for mining extraction and mining dilution- of
6,213,029 ton with 2.06%Cu, 2.98%Zn, 0.39%Pb, 2.90 g/t Au and 57 g/t Ag.
• Total waste production for open pit of 46,220,572 ton. Mining strip ratio of 7.44.
• Total underground production -which has been factored for mining extraction and mining dilution- of
1,751,204 ton with 2.50%Cu, 0.14%Zn, 0.02%Pb, 0.83 g/t Au and 8.3 g/t Ag.
• Pre-Operational CAPEX of US$110.3 million including studies, mine equipment, pre-stripping, processing
plant, tailing reservoir, waste dump, power supply and ancillary services.
• Price assumptions were US$6,750/t for Copper, US$1,900/t for Zinc, US$2,100/t for Lead, US$1,200/Oz for
Gold and US$20/Oz for Silver
• After-tax Net Present Value of US$86.7 million at a 10% discount rate
• After-tax Internal Rate of Return of 30%
• After-tax Payback of 24 months
• Net after-tax cashflow of US$202.5 million
Curipamba Project – El Domo
Highlights:
13. El Domo Project - Mineral Resource Estimate at an NSR cut-off of
US$30 per tonne (December 2013), by Buenaventura Ingenieros-BISA
Notes:
CIM definitions were followed for mineral resources.
The Mineral Resource Estimate is based on a 3D geological modelling of the volcanogenic massive sulphide deposit
(VMS). Four lithology units with a NSR cutoff of US$30 per tonne were considered as mineral resource.
Metal prices used are US$2.95/lb Cu, US$0.91/lb Zn, US$0.91/lb Pb, US$1,200/oz Au, and US$20.00/oz Ag.
Metallurgical recovery factors assumed were based on three domains defined by the metal ratio Cu/(Zn+Pb):
Zinc Domain Cu/(Pb+Zn)<0.3: 15% Cu, 90% Zn, 40% Pb, 50% Au and 65% Ag
Mixed Domain 0.3≤Cu/(Pb+Zn)≤3: 75% Cu, 50% Zn, 0% Pb, 55% Au and 65% Ag
Copper Domain Cu/(Pb+Zn)>3.0: 90% Cu, 0% Zn, 0% Pb, 30% Au and 40% Ag
Common industry smelter terms were assumed
Bulk density was estimated based on specific gravity determinations for each lithology unit
Categoria Cut-off Toneladas Cobre Zinc Plomo Oro Plata Contenido Contenido Contenido Contenido Contenido
Cobre Zinc Plomo Oro Plata
$ (Mt) (%) (%) (%) (g/t) (g/t) (M lbs) (M lbs) (M lbs) (ozs) (ozs)
Indicado 30 6.08 2.33 3.06 0.28 2.99 55.81 312.95 409.56 37.76 584,457 10,911,281
Inferido 30 3.88 1.56 2.19 0.16 2.03 42.92 133.46 187.39 13.96 253,607 5,357,690
TOTAL 9.96 446.41 596.95 51.72 838,064 16,268,971
Curipamba Project – El Domo
Preliminary Economic Assessment
14. Metallurgy - Highlights
Highlights include:
• Preliminary metallurgical testwork confirmed that El Domo feed is amenable for conventional flotation
technology.
• Testwork also confirmed the production of commercial quality flotation concentrates from "El Domo"
deposit.
The metallurgical performance of an efficient flotation plant has been projected in the following table.
Cu, Zn, Pb, Au, Ag, Cu, Zn, Pb, Au, Ag,
% % % g/t g/t % % % % %
Concentrate Cu 2.46 19.7 17 1.31 8.18 748 58.2 8.24 7.67 6.16 22.6
Concentrate Pb 0.61 17.7 17 47.3 21.8 1,995 6.47 0.92 69 4.11 15.1
Concentrate Zn 9.49 1.73 45.5 0.31 14 286 19.7 85.4 6.9 40.8 33.4
Final Tail 87.4 0.15 0.31 0.08 1.83 26.9 15.5 5.39 16.4 49 28.9
Head Calculated 100 0.89 5.11 0.42 3.26 81.2 100 100 100 100 100
Concentrate Cu 7.62 21 8.51 0.94 8.77 230 75 29.8 49.6 29.3 40.8
Concentrate Zn 2.59 6.28 42 0.86 19.4 371 7.62 50 15.4 22 22.4
Final Tail 89.8 0.41 0.49 0.06 1.24 17.6 17.4 20.2 35 48.7 36.8
Head Calculated 100 2.13 2.17 0.14 2.28 42.9 100 100 100 100 100
Concentrate Cu 13.9 24.2 2.34 0.09 3.69 53.1 89.7 80.9 43.4 24.4 39.7
Final Tail 86.1 0.45 0.09 0.02 1.84 13 10.3 19.1 56.6 75.6 60.3
Head Calculated 100 3.75 0.4 0.03 2.1 18.6 100 100 100 100 100
CPO-002
(Composite Mixed)
CPO-003
(Composite
Copper)
Products Mass Pull (%)
Concentrate grade (%) or g/t Recoveries (%)
Composite ID
CPO-001
(Composite Zinc)
Mass Pull (%), weight percentage in the concentrate, relative to the weight of the feed to the concentrator (tons of
concentrate produced per 100 tons of feed processed).
Concentrate grade (%), assays of concentrates.
Recoveries (%), percentage of metal reporting to each concentrate relative to the metal content of the feed to the
concentrator.
Curipamba Project – El Domo
16. www.salazarresources.com | TSX-V:SRL | FSE: CCG 16
OPEX OPEN PIT OPEX UNDERGROUND MINE
Summary of Capital and Operating Costs
Initial and maintenance capital costs (CAPEX) under contingency
Curipamba Project – El Domo
Initial and maintenance capital costs (CAPEX) under contingency
17. Pit Optimization : Optimal Cone
El Domo Project « Open Pit »
Pit Shell 3D
Pit Shell 2D
Sección 2
Sección 1
Curipamba Project – El Domo
18. TAJO ABIERTO
Mass Pull year 1 year 2 year 3 year 4 year 5 year 6 year 7 year 8 year 9
Zn Mineral (mt) 179,550 179,550 179,550 179,550 139,650 139,650 139,650 129,675 12,269
Cu Concentrate (dmt) 2.46% 4,417 4,417 4,417 4,417 3,435 3,435 3,435 3,190 302
Pb Concentrate (dmt) 0.61% 1,095 1,095 1,095 1,095 852 852 852 791 75
Zn Concentrate (dmt) 9.49% 17,039 17,039 17,039 17,039 13,253 13,253 13,253 12,306 1,164
Mixed Mineral (mt) 319,200 319,200 319,200 319,200 269,325 269,325 269,325 219,450 143,441
Cu Concentrate (dmt) 7.62% 24,323 24,323 24,323 24,323 20,523 20,523 20,523 16,722 10,930
Zn Concentrate (dmt) 2.99% 9,544 9,544 9,544 9,544 8,053 8,053 8,053 6,562 4,289
Cu Mineral (mt) 199,500 199,500 199,500 199,500 159,600 159,600 159,600 169,575 61,646
Cu Concentrate (dmt) 13.90% 27,731 27,731 27,731 27,731 22,184 22,184 22,184 23,571 8,569
Total t-Mineral/year procesadas 698,250 698,250 698,250 698,250 568,575 568,575 568,575 518,700 217,355
Total Cu Conc (dmt) 56,470 56,470 56,470 56,470 46,142 46,142 46,142 43,483 19,801
Total Pb Conc (dmt) 1,095 1,095 1,095 1,095 852 852 852 791 75
Total Zn Conc (dmt) 26,583 26,583 26,583 26,583 21,306 21,306 21,306 18,868 5,453
Total t-Cu+Pb+Zn Conc/year 84,149 84,149 84,149 84,149 68,300 68,300 68,300 63,142 25,329
ASSAYS
Zn Mineral Cu% Zn% Pb% Au (g/t) Ag (g/t)
Cu Concs 19.70 17.00 1.31 8.18 748.00
Pb Concs 17.70 17.00 47.30 21.80 1,995.00
Zn Concs 1.73 45.50 0.31 14.00 286.00
Mixed Mineral
Cu Concs 21.00 8.51 0.94 8.77 230.00
Zn Concs 6.28 42.00 0.86 19.40 371.00
Cu Mineral
Cu Concs 24.20 2.34 0.09 3.69 53.10
OPEN PIT
Open pit – Production schedule
Curipamba Project – El Domo
19. Section 1 – Optimal Cone: E-W
Optimum
Cone
El Domo Project « Open Pit »
Curipamba Project – El Domo
20. Section 2 – Optimal Cone: N-S
Optimum
Cone
El Domo Project « Open Pit »
Curipamba Project – El Domo
21. Location of alternative main structures
Facilities, relaveras and desmonteras
Curipamba Project – El Domo
22. Mine Design
Access Ramp
Solid Cut off Eq.
1.0 % Cu
Ventilation Shaft
Operation Ramp
Topography
El Domo project« Underground »
Curipamba Project – El Domo
24. A same-scale comparison of selected VMS districts. A 5 km diameter
circle around each deposit shows the hypothetical area of influence of
proximal-scale alteration about each deposit, all encircled by a dashed
line defining the proposed extent of a regional-scale alteration system
for each camp
The Curipamba District has excellent potential for
additional discoveries:
The Curipamba (El Domo) is the major hydrothermal centre with
VMS (volcanogenic massive sulphide) mineralization in the
Ecuadorian Andes
Each of these centres should contain a VMS compliment similar to
that discovered in well developed districts elsewhere, typically
containing at least 20 million tonnes, and possibly as much as 50mt
The Curipamba District has the potential of a further cluster of
deposits that includes at least one >30Mt
The Curipamba district has all of the features of a major district,
comparable in metal content to a classic camp such as in the Tasman
Orogen or the Superior Province of Canada
El Domo may prove to be the most significant deposit. Such camps
typically contain a minimum of 6 deposits with economic metal
content. One of these is normally the “giant”, containing more than
30mt of ore.
The potential for additional discovery in the Curipamba area is
excellent
The great extent of breccias present in the El Domo deposit is a
testament to its being a major deposit in this district.
Curipamba - VMS Districts characteristics
Ref.: Observations on the Curipamba Massive Sulfide
District, Ecuador
Report For Salazar Resources Ltd. by
James M Franklin Ph.D., P. Geo
August 17, 2009
Curipamba Project – El Domo
25. Other Curipamba Targets
1. Sesmo: Hydrothermal Breccia + polysulphides, 15m @ 39.19/t
Au, 741 g/t Ag in Trench. Jim Franklin suggested that there is
the possibility of finding another VMS body under these
Breccias.
2. El Gallo: 597m drilling in 5 holes, highlighted results: 6.95m@
4.51 g/t Au, 157 g/t Ag in drill hole 15; 8.25m @ 5.80 g/t Au
and 66g/t Ag in drill hole 16
3. Sesmo Sur: 3,746 m drilling, in 18 holes; highlighted results:
12m @ 2.25 g/t Au and 31 g/t Ag in drill hole 01; 15m @ 2.54
g/t Au and 50 g/t in drill hole 05
4. La Vaquera: Strong argillic – chlorite pyrite alteration in 1.2 x
2.5 km area
5. Agua Santa: Semi massive + jasper float, with anomalous
values in Au, Cu and Zn
6. Barranco Colorado: Stockwork of pyrite + sphalerite, with
traces of chalcopyrite in dacite rhyolite, and float of jasper
pyrite of up to 1m diameter in an area of 0.5 x 1km. Currently,
we are completing geophysical work to cover 2.5 square
kilometers using Induced Polarity with positive preliminary
results so far.
7. Coral (Piedras Blancas) : Approx. 2.5 km NE; intense
alteration chlorite-argilic (2km x 1km), significant anomalies of
Au-Ag-Cu in rocks. Sample N50, 1.01g/t Au; 4.1 g/t Ag; 0.1 %
Cu; 0.33 % Zn.
2
7
6
4
3
5
1
Curipamba Project
27. • Au, Cu, Zn and Arsenic anomalies from soils, floats and outcrop sampling
www.salazarresources.com | TSX-V:SRL | FSE: CCG 27
Curipamba Project – Barranco Colorado
• Currently, we are completing geophysical work covering 2.5 square
kilometers using Induced Polarity
28. Community and Social Activities
The Community Relations Plan of the company approved by the
Ecuadorian State, promotes a sustainable environment of good
vicinity in the zone of influence of the project Curipamba, through
citizen participation practices and respect to the local identity. This
will enable the development of the social participation of the people
and organizations and the plan is reflected in the programs, projects
and activities in several fields as Culture (through sponsorship of the
local Dance Group Qhuya Kawsay), Education (through scholarship
programs) amongst other community activities and projects.
Also, as part of the commitment with the community and the
government, Salazar maintains very present its responsibility with
the environment by always applying environment friendly practices
and by keeping its environmental reports and permits in good
standing. Reports are presented every 3 months. We perform water
quality monitoring every 6 months and undergo bi-annual audits
from the Government Environmental Regulatory Agency
(Ministerio del Ambiente).
Curipamba Project
29. Santiago Project
37 km NNW of Loja, area of 2,350 hectares
4,578m drilled in 23 holes
Comprises a large mineralized hydrothermal and Cu-Au
porphyry system. In the Northeast of the concession, a
controlled structurally trend of quartz-sulphides veins with high
Au-Ag content.
Trend NW plus 5 vein - breccia from 1 to 5 m wide with
intense mineralization of Au-Ag.
Española Vein, (3m wide) ranged from 2.3 to 34.5 g/t Au and
from 26 g/t Ag to 230 g/t Ag.
Potential: more than 3 km of currently exposed veins
We have the permits for water use in the drilling phase
The Environmental Impact Study has been updated,
disseminated and submitted to the Ministry of Environment on
December 5th, 2012. In process of securing a new
environmental license.
Española Vein
ESPAÑOLA VEIN
30. DDH PANAMA
DDH NEWMONT
DDH 2137m in 11 holes
DDH 4578m in 23 holes
Española Vein: (within 1 to 3 meters width)
2.0m @ 28.1 g/t Au and 231 g/t Ag
1.0m @ 26.0 g/t Au and 242 g/t Ag
Structure Quartz-Tourmaline: (3 meters width)
3.3m @ 0.59 g/t Au, 36.6 g/t Ag and 390 ppm Mo
Ribs Zone and Ancha Vein: (up to 5 meters width)
1.0m @ 1.29 g/t Au and >100 g/t Ag
1.0m @ 1.65 g/t Au and >100 g/t Ag
Structure F.U.: (1.5 meters width)
1.40m @ 4.8 g/t Au and 378 g/t Ag
1.20m @ 6.4 g/t Au and 136 g/t Ag
M6 99 - 109 10 0.21
M7 33 - 124 91 0.16
M8 85 - 327 242 0.23
M9 31 - 151 120 0.26
M11 4 - 186 182 0.12
HOLE # INTERVAL (m) WIDTH (m) Cu(%)
M10 3 - 151 148 0.36
Gold in rocks > 100 ppb
Copper in soil > 120 ppm
Zinc in soil > 150 ppm
FU 01 0.0 - 323 323 0.37
HOLE # INTERVAL (m) WIDTH (m) Au(g/t) Cu(%)
0.23
FU 02 129 - 300 171 0.50 0.33
FU 08 0 - 300 300 0.24 0.11
FU 15 0 - 72 72 0.38 0.10
FU 16 43 - 93 50 0.43 0.25
FU 18 0 - 59 59 0.62 0.06
FU 17 54 - 150 96 0.21 0.32
Cu Eq(%)
0.47
0.66
0.27
0.35
0.53
0.47
0.46
Santiago Project
Au, Ag & Mo Values
31. Cross Section 683830E (N-S)
Structure F.U. (1.5m width)
6.4g/t Au and 136 g/t Ag
37m@0.18%Cu
91m@0.16%Cu
OPEN
MINERALIZATION
148m@0.36%Cu
10m@0.21%Cu
342m@0.23%Cu
Santiago Project
35. Mendez Property
Highlights:
Two concessions that cover a total area of
9,500 hectares in the Province of Morona
Santiago
Cu-Zn-Mo (Gold) porphyry system
Copper mineralization is associated with 2-
3% sulphides and multi-directional veinlets in
a granodioritic to quartz diorite composition of
a complex porphyritic events
Mineralization also occurs in schist with
strong pyrite mineralization
36. Rumiñahui Property
Highlights:
Two concessions that cover a total area
of 2,910 hectares of prospective Au-Cu-
Ag targets
Located approximately 100 km
northwest of Quito
Main targets identified to date are the
original discovery areas previously
worked by artisan miners
Gold values from rock chip and
channel sampling have returned grades
of up to 2.7 g/t Au over 55m, 3.4 g/t Au
over 8m and 1.3 g/t over 9m
37. Future Concessions - Ecuador
• Salazar is actively bidding in approximately 45,000 hectares for new and
prospective concessions offered in Ecuadorian territory. These solicitations have
been carefully analyzed by our technical team through historical data, geologic
studies, field work and rock and sediment sampling.
www.salazarresources.com | TSX-V:SRL | FSE: CCG 37
PANNING Au
38. COLOMBIA PROJECT HIGHLIGHTS
• 22,000 Hectares in process of solicitation near the border with Ecuador
• 17,300 hectares of these are located in the Nariño Department in the SW
of Colombia (Ramos-La Verde Alisales)
• A Cu-Mo district of porphyries and mesothermal veins with significant
values of Au –Ag
Previous Studies:
JICA (Japan International Cooperation Agency) 1980
- Soils anomalies from 200 to 900 ppm Cu
- River sediments anomaly of up to 300 ppm Cu
- One trench with 20m @ 0.296% Cu & 60 ppm Mo
- Piedrancha is a mesothermal vein area with high content of Au-Ag-Zn. It
lies within an area of 10km x 15km
March 2012 www.salazarresources.com | TSX-V:SRL | FSE: CCG 38
39. • 17,300 hectares (in claims), located in the
Nariño Department in the SW of Colombia,
belongs to the Occidental Andes Mountain
Range.
• A Cu-Au-Mo district of porphyries and
mesothermal veins with significant values of
Au-Ag-Zn. Within volcanic-sedimentary and
tertiary intrusive rocks.
Similar Deposits and Projects
• Junín Deposit (Codelco-Enami), con 982 Mt
@ 0.89% Cu and 0.04% Mo. Located 100km
SW of the property.
• Cascabel Project (SolGold-Cornerstone),
hole 09 with 1050m @ 0.68% Cu and 0.92 g/t
Au. Located 50km SW of the property
Ramos – La Verde Project Highligts
Colombia Projects
45. Alisales Project Highligts
• 2600 hectares, located in the south-east of the Nariño Department.
• It is a quartz-stockwork veins system, with high contents of Au-Ag-Cu-Mo.
• A small mine produced cooper concentrates during the 1980’s.
•SRL results
Sample Type Width (m) Au (ppm) Ag (ppm) Cu (ppm) Mo (ppm) Zn (ppm)
103238 Steam Sediment 0.904 0.4 58 2 90
102656 Outcrop 1.80 0.284 55.4 45400 384 14
102657 Outcrop 1.70 0.302 57.8 33700 399 59
102658 Outcrop 30.00 0.429 84.0 56400 5 8
102662 Outcrop 1.20 11.740 58.3 2069 5 7
102664 Outcrop 22.920 248.7 19800 5 9
102666 Outcrop 1.80 42.750 119.3 77500 210 24
102667 Outcrop 1.20 0.407 24.6 27000 7153 25
102668 Outcrop 1.20 1.033 25.2 26300 1517 54
102669 Outcrop 2.50 0.095 39.5 21400 38 23
102670 Outcrop 2.50 0.064 85.5 42400 26 10
102671 Outcrop 43.00 1.098 36.1 15900 8 31
103578 float 0.30 x 0.50 0.573 17.3 12000 10 21
103588 Outcrop 1.20 2.087 24.0 2318 6 10
103599 Steam Sediment 1.888 0.7 54 6 81
103600 Steam Sediment 1.609 1.3 43 5 74
Colombia Projects
46. • Mining Concession Title prior to beginning activities.
• Max. 10,000 hectares per concession.
• Mining titles with a 30 years renewable for an equal period upon request.
• Annual Maintenance Cost per concession (Canon): Equivalent to a minimum
wage one day’s work per hectare / year. (Approx. USD $ 10).
• “Paramo/Highlands” law: No mining activity over the 3000 m.s.n.m.
Colombia Mining Law Highlights
47. Corporate Office:
1305-1090 W. Georgia Street
Vancouver BC
Tel: +1 604 685 9316
info@salazarresources.com
Ecuador Office & Investor Relations:
Av. 10 de Agosto N37-232 y Villalengua
Edif. Cominesa of. 31, Quito
Tel:+593-2-227-8975 Ext. 103
Fax: +593-2-227-8975 +102
info@salazarresources.com
Contact Information
