Salazar Reports Positive Metallurgical Testwork at El Domo
February 25 2014 - 7:30AM
Marketwired Canada
Salazar Resources Ltd. (the "Company") (TSX VENTURE:SRL)(FRANKFURT:CCG) is
pleased to report positive results from the ongoing metallurgical testwork
program for the 100% owned El Domo volcanogenic massive sulphides deposit
("VMS"). The metallurgical testwork is part of the upcoming Preliminary Economic
Assessment ("PEA") report.
Highlights include:
-- Preliminary metallurgical testworks 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.
Mr. Fredy Salazar stated, "We are pleased to be able to report these positive
results from El Domo. These metallurgical results are confirming previous test
work as well as confirming the production of commercial-grade flotation
concentrates from El Domo deposit to support our upcoming PEA. This is one more
step towards the company achieving its goal for development and Curipamba."
The metallurgical testwork was completed in December 2013 under the direction of
Transmin Metallurgical Consultants ("Transmin") in Lima, Peru. The strategy
devised to produce commercial concentrates was to split the deposit into
geometallurgical domains based on the relative abundance of copper and zinc in
the feed; based on this criteria, three composite samples were collected from
existing drill holes to represent each of the three major geometallurgical
domains at El Domo that were identified as follow:
-- Composite CPO-003: Copper Feed-type, where Cu/(Zn+Pb) is greater than or
equal to 3. One concentrate would be produced. This Cu-concentrate would
have 90% Cu recovery with a grade of 24% Cu and low As, Sb and Bi
grades. No Zn-concentrate would be produced from this type of feed due
to low Zn head grade.
-- Composite CPO-002: Mixed Feed-type, where Cu/(Zn+Pb) is between 0.33 and
3. Two concentrates would be produced The Cu-concentrate would have 75%
Cu recovery with 21% Cu grade while there would be a moderate 50%
recovery of Zn to a Zn-concentrate of 42% Zn grade.
-- Composite CPO-001: Zinc Feed-type, where Cu/(Zn+Pb) is less than or
equal to 0.33. Three concentrates would be produced. The Cu-concentrate
would have a Cu recovery of 58.2% with approximately 20% Cu concentrate
grade with high Zn content. It is possible that further testwork will
allow the projections for Zn content in the copper concentrate to be
reduced further. The Zn-concentrate would have a Zn recovery of 85% with
45% Zn grade and 14 g/t Au grade. Some Pb-concentrate would also be
produced from CPO-001 feed-type.
The metallurgical performance of an efficient flotation plant has been projected
in the following table.
----------------------------------------------------------------------------
Concentrate grade (%) or g/t
------------------------------
Mass Pull Cu, Zn, Pb, Au, Ag,
Composite ID Products (%) % % % g/t g/t
----------------------------------------------------------------------------
CPO-001
(Composite
Zinc) Concentrate Cu 2.46 19.7 17 1.31 8.18 748
Concentrate Pb 0.61 17.7 17 47.3 21.8 1,995
Concentrate Zn 9.49 1.73 45.5 0.31 14 286
Final Tail 87.4 0.15 0.31 0.08 1.83 26.9
Head Calculated 100 0.89 5.11 0.42 3.26 81.2
----------------------------------------------------------------------------
CPO-002
(Composite
Mixed) Concentrate Cu 7.62 21 8.51 0.94 8.77 230
Concentrate Zn 2.59 6.28 42 0.86 19.4 371
Final Tail 89.8 0.41 0.49 0.06 1.24 17.6
Head Calculated 100 2.13 2.17 0.14 2.28 42.9
----------------------------------------------------------------------------
CPO-003
(Composite
Cooper) Concentrate Cu 13.9 24.2 2.34 0.09 3.69 53.1
Final Tail 86.1 0.45 0.09 0.02 1.84 13
Head Calculated 100 3.75 0.4 0.03 2.1 18.6
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Recoveries (%)
------------------------------
Mass Pull Cu, Zn, Pb, Au, Ag,
Composite ID Products (%) % % % % %
----------------------------------------------------------------------------
CPO-001
(Composite
Zinc) Concentrate Cu 2.46 58.2 8.24 7.67 6.16 22.6
Concentrate Pb 0.61 6.47 0.92 69 4.11 15.1
Concentrate Zn 9.49 19.7 85.4 6.9 40.8 33.4
Final Tail 87.4 15.5 5.39 16.4 49 28.9
Head Calculated 100 100 100 100 100 100
----------------------------------------------------------------------------
CPO-002
(Composite
Mixed) Concentrate Cu 7.62 75 29.8 49.6 29.3 40.8
Concentrate Zn 2.59 7.62 50 15.4 22 22.4
Final Tail 89.8 17.4 20.2 35 48.7 36.8
Head Calculated 100 100 100 100 100 100
----------------------------------------------------------------------------
CPO-003
(Composite
Cooper) Concentrate Cu 13.9 89.7 80.9 43.4 24.4 39.7
Final Tail 86.1 10.3 19.1 56.6 75.6 60.3
Head Calculated 100 100 100 100 100 100
----------------------------------------------------------------------------
-- 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 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.
To view the recently updated NI-43-101 Resource click here:
www.marketwired.com/press-release/salazar-increases-indicated-and-inferred-resources-at-el-domo-deposit-tsx-venture-srl-1875896.htm.
To view the summary of metallurgical testwork click here:
www.salazarresources.com/docs/eldomo/Summary_of_Metallurgical_Testwork.pdf.
The technical information contained in this release were prepared by or under
the supervision of Mr. Adam Johnston, FAusIMM (CP Metallurgy), an independent
"qualified person" for the purposes of National Instrument 43-101 Standards of
Disclosure for Mineral Projects ("NI 43-101").
ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED
Fredy Salazar, President & CEO, Salazar Resources Limited
About Salazar Resources Limited
Salazar Resources Ltd. is a publicly-listed (TSX VENTURE:SRL)(FRANKFURT:CCG)
mineral resource company engaged in the exploration and development of new
highly prospective areas in Ecuador. Led by a senior Ecuadorian management team
and most notably by its namesake Fredy Salazar, this team has been instrumental
in other major discoveries throughout Ecuador. Being based in Ecuador, thus have
thorough knowledge of local human and environmental issues, gives the Company a
strategic advantage, enabling it to complete exploration at a rapid pace. With
an excellent property portfolio (3 projects- 42,900 hectares), good geopolitical
positioning and a number of strategic corporate and financial partnerships,
Salazar has positioned itself to be a strategic player in Ecuador and throughout
South America.
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.
This press release contains "forward-looking information" within the meaning of
applicable Canadian securities laws. All statements included herein, other than
statements of historical fact, are forward-looking information and such
information involves various risks and uncertainties. Forward-looking
information herein includes, but is not limited to, statements that address
activities, events or developments that the Company expects or anticipates will
or may occur in the future, including such things as the successful completion
of the PEA and the timing of completion of the PEA. Such forward-looking
information is based on a number of material factors and assumptions, including
that contracted parties provide services on the agreed timeframes and that
laboratory and other related services are available and perform as contracted.
Although the Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking information, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that such information will prove to be accurate, and
actual results and future events could differ materially from those anticipated
in such information. A description of assumptions used to develop such
forward-looking information and a description of risk factors that may cause
actual results to differ materially from forward-looking information can be
found in the Company's disclosure documents on the SEDAR website at
www.sedar.com. Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to update any
forward-looking information except in accordance with applicable securities
laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Salazar Resources Ltd.
Investor Relations
647-925-8981
info@salazarresources.com
www.salazarresources.com
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