Salazar Resources (SRL) - Ecuador Upside as Drilling Starts, by @CruxInvestor

Interview with Merlin Marr-Johnson, Exec. VP, Corp. Secretary of Salazar Resources (TSX-V:SRL)

If you want our take on this interview and Salazar Resources, go to cruxinvestor.com/club

Salazar Resources is a TSX-V listed exploration, project-generated company. It is an Ecuadorian company. Very Ecuadorian; the entire team is based in Ecuador, and Freddy Salazar is one of Ecuador’s leading geologists. They have 6 projects, 3 of which are fully carried by Adventus and 3 of which are 100% their own exploration licenses that they are drilling. They are hunting big Gold and Copper targets in Ecuador.

The Salazar team has been involved with many discoveries in Ecuador, including Curipamba (Adventus Mining and Salazar Resources), Fruta Del Norte (Lundin Gold), the Mozo deposit, Cangrejos (Lumina Gold) Rio Blanco (Junefield Mineral Resources and Hunnan Gold), and Gaby (ENAMI).

Salazar Resources aspires to be Ecuador's leading project generator with the right partners at the right time making the company self-funding. Salazar Resources has an agreement with Adventus on the Curipamba VMS discovery, whereby Adventus can earn 75% of the project by funding exploration and development expenditures of US$25 million before October 2022. A feasibility study is expected to be completed during 2021, after which Adventus is required to fund 100% of the development and construction expenditures to commercial production. In addition, Salazar Resources has a funded exploration alliance with Adventus on two other projects, Pijili and Santiago, within a defined Area of Interest. Salazar Resources is advancing its 100% owned Rumiñahui, Macara, and Los Osos projects with the aim of making Ecuador's next significant copper-gold discovery.

We Discuss: