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 (SRLZF) has defined a copper-in-soil anomaly at its wholly owned Monja project in southern Ecuador, advancing drill-target selection. The anomaly measures 1.9 km by 0.9 km at a 200 parts-per-million copper threshold and remains open to the northwest and southeast. Sampling covered 482 of 752 planned points, or 64%; 92 samples met or exceeded the threshold. New soil samples reached 1,884 parts per million copper, versus a previously reported maximum of 2,242.
New selective rock samples returned up to 2.76% copper. Cumulative rock sampling defines a 0.8 km by 0.7 km copper anomaly within the soil anomaly, but selective samples may not represent the property. Salazar plans its first drill test of the porphyry target from the first quarter of 2027, with up to approximately 3,500 metres planned, subject to surface access and permits.
Salazar Resources (OTCQB: SRLZF) retains its fully carried 25% El Domo interest through commercial production despite an increased construction budget. Operator Silvercorp Metals updated the copper-gold project's budget to US$298.2 million, up US$14.6 million, approximately 5%, from February 2026. Salazar has no additional construction or development financing obligations.
Silvercorp now targets production in November 2027, four months later than planned, attributing the delay to extended rainfall. Construction spending reached US$90.9 million through September 30, 2026, leaving US$207.3 million. The budget retains US$14.3 million of contingency. External power-line construction is delayed pending CNEL reviews and approvals; prolonged generator use may increase operating costs. Salazar also began Yumi drilling in October, with first results expected in early December 2026, and plans Monja drilling for January 2027.
Salazar Resources (SRLZF) reported rain-disrupted construction at Curipamba-El Domo and started drilling at its wholly owned Tarqui project.
El Domo construction was suspended during 77 days of rain in July–September 2026, with rainfall 489% above the six-year average. Completed works needed repairs, and open-pit pre-stripping slowed. Salazar's 25% interest is fully carried through commercial production, with no obligation to fund this work. Approximately 1.0 million cubic metres of excavation and pre-stripping were completed; plant foundations are complete.
Tarqui's initial Yumi program comprises approximately 1,500 metres in five holes. Monja drilling is planned from the first quarter of 2027, subject to access and permits. Salazar also engaged Minera IR and Market Equities, subject to TSXV acceptance, with initial cash costs of C$18,000 anticipated and US$100,000, respectively.
Salazar Resources (SRLZF) plans its first drilling of the Yumi gold-silver veins at Tarqui, expected to begin in late October 2026. Following its closed $3,500,000 private placement, the company is mobilizing a rig for approximately 1,500 metres in five holes at the 100%-owned Ecuador project. Selective rock-chip sample 400362 returned 105 g/t gold and 1,038 g/t silver in over-limit analysis; such samples may not represent property-wide mineralization.
Phase 2 contemplates up to approximately 3,500 metres in four holes at the 100%-owned Monja copper-gold target from the first quarter of 2027, subject to surface access and permits. Salazar also plans approximately 895 soil samples at Quimi. Construction is under way at Curipamba-El Domo, where Salazar holds a 25% interest carried to commercial production; operator Silvercorp Metals schedules production by July 1, 2027.
Salazar Resources (SRLZF) reports construction progress and updated economics for the Curipamba‑El Domo polymetallic project in Ecuador as of mid‑2026. Salazar holds a 25% fully carried interest, while Silvercorp owns 75% and operates the project.
The mine has Proven and Probable Mineral Reserves of 7.13 Mt containing 137.7 kt Cu, 584 koz Au, 187.7 kt Zn, 18.4 kt Pb and 11.0 Moz Ag, supporting an 11.5‑year life of mine. On a 100% basis, the after‑tax NPV is US$573 million at 8% and US$705.6 million at 5%, with a 45% IRR, ~3‑year payback, initial capex of US$283.7 million and total life‑of‑mine capital of US$373.5 million. Copper and gold recoveries are improved by 5.4% and 6.2% over the 2021 study.
Cumulative capex reached US$66.2 million by June 30, 2026. Construction is fully funded, supported by a US$175.5 million stream financing, of which about US$87.8 million has been received, and commissioning remains targeted for July 2027.
Salazar Resources (OTCQB: SRLZF) reported a newly interpreted high‑grade 2.00 m interval in historical drill hole MERC-011 at the 100%-owned Pijilí Project in Ecuador, grading 1.80% W (2.27% WO3), 740 g/t Ag and 0.63% Cu within a broader porphyry Cu-Au±Mo system.
The re-analysis refines a previously reported 18.55 m zone (4.70–23.25 m) that averaged 0.99% Cu, 0.25 g/t Au, 0.03% Mo, 189.8 g/t Ag and 0.23% W, hosted in a hydrothermal breccia related to a shear/fault. Surface rock and soil sampling define a tungsten anomaly of about 600 m x 450 m in the northern Mercy concession. No follow-up drilling has yet been completed to test the continuity of this tungsten-silver enrichment, and no mineral resource has been estimated at Pijilí. The new interpretation comes from historic Adventus data, supported by documented QA/QC procedures and verification by Salazar’s Qualified Person under NI 43‑101.
Salazar Resources (OTCQB: SRLZF) has filed an independent NI 43-101 Technical Report for the Curipamba-El Domo polymetallic project in the Bolívar and Los Ríos provinces of Ecuador. The report was prepared by SRK Consulting (China) for project operator Silvercorp Metals and is effective December 31, 2025, issued May 31, 2026.
According to Salazar, the company retains a 25% carried interest in El Domo, while Silvercorp holds the remaining 75% and acts as operator. The Technical Report supports updated Mineral Resource and Mineral Reserve statements for El Domo, previously announced on July 15, 2026, and is available on Salazar's website and SEDAR+.
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.