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Salazar Resources Ltd. reports on copper-gold exploration and mine-development interests in Ecuador. Recurring updates cover its wholly owned Monja and Santiago projects in Loja Province, including mapping, sampling, geophysics, historical drilling reviews, porphyry targets, and epithermal mineralization indicators.
The company also issues updates on the El Domo joint venture, where Silvercorp Metals holds a 75% interest and operates the project while Salazar holds a 25% carried interest. Other company developments include Ecuador mining regulation, concession costs, annual meeting results, director elections, stock option plan approvals, and other governance matters.
Salazar Resources (OTCQB: SRLZF) reported a major update to the Curipamba–El Domo project in Ecuador based on an independent NI 43-101 Technical Report effective December 31, 2025. After-tax NPV (8%) is US$573 million, a 121% increase versus the October 2021 feasibility study, with an after-tax IRR of 45%. At a 5% discount rate, NPV is US$705.6 million. Proven and Probable Reserves rose 10% to 7.13 Mt, while Measured & Indicated Resources increased 27% to 11.4 Mt and Inferred Resources 245% to 3.8 Mt, boosting contained metal across all payable metals.
The open-pit mine life is now 13 years, processing about 666,000 tonnes per year, including roughly 1.5 years of construction. Initial capital is estimated at US$283.7 million and total LOM operating costs at US$416.3 million. Construction is fully funded, with first commercial concentrate production expected in mid-2027. Salazar holds a 25% interest fully carried to commercial production, with no additional development or construction funding obligations.
Salazar Resources (OTCQB: SRLZF) reports that Ecuador’s ARCOM has issued Resolution No. ARCOM-006/26, reforming the Mining Oversight and Control Fee regime.
Exploration-stage projects are now exempt from the fee, and the prior fee will not apply for fiscal 2026, which may improve Ecuador’s competitiveness for mineral exploration investment and allow more capital for prospecting, jobs, and local communities.
Salazar Resources (OTCQB: SRLZF) reported new rock, soil, and mapping results from its 100%-owned Monja copper-gold project in Ecuador.
Highlights include rock samples up to 1.71% Cu, 0.99 g/t Au, 70% of soil samples >100 ppm Cu, dense stockwork veining, and a mineralized footprint of about 1.5 km by 0.5 km.
Salazar Resources (OTCQB: SRLZF) reported rock chip sampling and mapping results from its 100%-owned El Tigre gold project in Ecuador.
Work outlines a 650m x 500m gold-bearing, barite-rich horizon at surface, including trench-like intervals of 45m at 8.94 g/t AuEq (T2) and 50m at 2.02 g/t AuEq (T3). Mineralization remains open and a scout drilling program is being designed.
Salazar Resources (OTCQB: SRLZF) reported rock chip samples grading up to >100 g/t gold and >1,000 g/t silver from the Yumi vein system at its 100%-owned Tarqui concession in Ecuador. Historical BHP drilling outlined a 1.8 km × 1.0 km copper-molybdenum porphyry with intercepts up to 0.33% CuEq over 186 m. Nearby Quimi hosts a 1.8 km × 0.8 km copper soil anomaly up to 1,401 ppm Cu. Salazar closed acquisition of the project from Silvercorp Metals on March 18, 2026 and is planning further mapping, sampling, and drill targeting across Tarqui, Yumi, and Quimi.
Salazar Resources (OTCQB: SRLZF) has consolidated 100% ownership of the Santiago copper-gold project in Loja Province, Ecuador. A coincident ~3 km × 2 km geochemical and geophysical anomaly and preserved alteration point to an untested porphyry core at depth, with historical shallow drilling and recent surface sampling guiding follow-up.
Company plans include full data review and a targeted exploration program to test the deeper porphyry potential and advance drill targeting.
Salazar Resources (OTCQB: SRLZF) has designated the 100%-owned Monja Project in Loja Province, Ecuador (9,088 ha), as its exploration priority after surface mapping defined a 2 km x 1 km porphyry core with porphyry-style mineralization.
Rock chips include a high result of 4.77% Cu and 1.12 g/t Au. The company plans mapping, sampling and ground geophysics to define drill targets; results are preliminary and require follow-up.
Salazar Resources (OTCQB: SRLZF) closed an acquisition of Ecuador exploration assets from Silvercorp, consolidating ownership of the Santiago and Pijilí projects to 100% and adding Tarqui-Quimi concessions, subject to a 1.5% NSR royalty. Salazar retains a 25% carried interest in El Domo and plans drilling campaigns in 2026.
Final guarantee documentation for the royalty remains pending execution; projects will advance toward drill readiness subject to permitting and financing.
Salazar Resources (OTCQB: SRLZF) and joint‑venture partner Silvercorp updated the El Domo construction budget to $283.6M (previously $240.5M) and set a revised production date of July 1, 2027 (six‑month delay). Key changes include higher VAT (12% to 15%), plant equipment increases, and reduced contingency to 8%.
Progress in 2025 included $44.5M spent, 8.1 km internal roads, 23.1 km external road upgrades, archaeological clearance, major equipment orders with a $7.2M down payment, and a pending mining contract with CRCC19.
Salazar Resources (OTCQX: SRLZF) held its annual general meeting on September 12th, 2025, where shareholders elected five directors: Fredy Salazar, Pablo Acosta, Nick DeMare, Merlin Marr-Johnson, and Jennifer Wu.
Shareholders approved all resolutions, including the company's stock option plan that allows granting options up to 10% of issued and outstanding common shares. Post-meeting, key appointments include Fredy Salazar as President and CEO, Pablo Acosta as CFO, Freddy David Salazar as Corporate Secretary, while Nick DeMare, Merlin Marr-Johnson, and Jennifer Wu were appointed to the audit committee.