Salazar Resources Limited: Salazar Resources Exploration Update
Vancouver, British Columbia (Newsfile Corp. - April 13, 2021) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQB: SRLZF) ( Salazar or the Company ) is pleased to provide an update on the exploration activities within its wholly-owned portfolio of properties.
Mapping, and rock chip and soil sampling at Los Santos has been carried out over approximately 12% of the area (Figure 1). Initial results indicate the area has gold potential (Figure 2). Nearby, at Los Osos, drilling is underway with OSOS-03 at a depth of 508 m (Figure 3). The targeted hole depth is 500-600 m, depending on mineralization intensity, and the core will be logged prior to despatch for assay.
Colombia, Ecuador & Peru Snapshot: Companies with properties to watch
While Colombia, Ecuador and some parts of Peru are less explored than some more established mining jurisdictions, the three countries feature a rich mining history and prospective geology. Below, we showcase eight companies active in South America.
Aris Gold
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Aris Gold’s Marmato project in Colombia. Credit: Aris Gold.
Aris Gold (TSX: ARIS; US-OTC: ALLXF) was formed this year from predecessor company Caldas Gold. In November, Caldas announced the upcoming name change, along with an C$85 million subscription receipt offering and a new board and management team.
The new management with Neil Woodyer as CEO includes team members that played key roles with both Leagold Mining (the company merged with Equinox Gold (TSX: EQX; NYSE: EQX) in March 2020) and Endeavour Mining (TSX: EDV; US-OTC: EDVMF).
Colombia, Ecuador & Peru Snapshot: Companies with interesting assets to watch northernminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from northernminer.com Daily Mail and Mail on Sunday newspapers.
Salazar Resources Limited: Salazar Resources Announces Closing of C$6.5 Million Private Placement SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQB: SRLZF) (
Salazar Resources or the
Company ) is pleased to announce the closing of its non-brokered private placement, announced January 26, 2021, by issuing a total of 18,572,000 common shares of the Company (the
Shares ) at a price of C$0.35 per Share for gross proceeds to the Company of C$6,500,200 (the
Private Placement ).
Finders fees totalling 6% cash and 1,114,320 share purchase warrants (
Finder s Warrants ) were paid and issued on this Private Placement. Each Finder s Warrant entitles the finder to purchase one common share of the Company, at a price of C$0.35, for a period of 5 years. All securities issued in the Private Placement are subject to a four-month hold period expiring on June 3, 2021.
Salazar Resources Limited: Salazar Resources Announces Private Placement of up to $6.5 Million
SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQB: SRLZF) (
Salazar Resources or the
Company ) is pleased to announce that the Company has arranged a non-brokered private placement involving the sale of up to 18,572,000 common shares of the Company (the
Shares ) at a price of C$0.35 per Share to raise gross proceeds to the Company of up to C$6,500,200 (the
Private Placement ).
The funds raised will be used to accelerate exploration of the 100%-owned portfolio, including the ongoing drilling at Los Osos and Phase 1 drilling programs of approximately 3,000 m each at Ruminahui in Q2 2020, the recently optioned Los Santos concession in H2 2020, and also at Macara Mina. The Company will provide further operational updates in due course.