Salazar Resources Defines 1.9 km by 0.9 km Copper-in-Soil Anomaly at Monja Porphyry Target, Ecuador, Rock Samples up to 2.76% Cu
Salazar expands the Monja porphyry anomaly, de-risking the Q1 2027 drill program at the project.
Salazar Resources Limited (SRL) has reported results from its summer 2026 soil geochemical sampling program at its 100%-owned Monja Project in Ecuador. The initiative has delineated a coherent copper-in-soil anomaly measuring 1.9 km by 0.9 km at a 200 ppm Cu threshold, which remains open to the northwest and southeast. Soil sampling is currently 64% complete, with 482 of 752 planned points finished. The highest soil copper value recorded is 2,242 ppm Cu.
Rock sampling identified 157 samples exceeding 300 ppm Cu, including 46 samples greater than 1,000 ppm Cu. The highest rock sample returned 27,620 ppm Cu, 0.705 g/t Au, 28.8 g/t Ag, and 9 ppm Mo. Geological mapping confirms porphyry-style alteration zoning, ranging from propylitic to phyllic to argillic, alongside hydrothermal breccias.
The company plans to complete the remaining 270 soil points and conduct ground geophysical surveys. SRL intends to drill up to approximately 3,500 meters in four holes during Q1 2027, subject to permits and surface access. This release follows a systematic exploration progression announced throughout 2026, moving from initial footprint definition to detailed soil grids and high-grade rock sampling.
Salazar Resources Limited (SRL) confirmed the scale and grade of the Monja porphyry target in an update on November 12, a development that directly de-risks the previously announced Q1 2027 drill program. This announcement represents an expected, incremental step in a planned exploration sequence, as the company has consistently expanded the Monja footprint since April 2026. The drilling plan for Q1 2027 was already disclosed in October 2026.
The update does not introduce new financial metrics, alter the capital structure, or change the near-term catalyst timeline. El Domo production remains targeted for November 2027, and Monja drilling remains scheduled for Q1 2027. The company remains in the exploration stage with no production revenue. While the update validates the geological thesis, it does not convert surface anomalies to resources or reserves.
Salazar Resources Limited is a Canadian junior exploration company focused on copper-gold polymetallic projects in Ecuador. Its flagship asset is a 25% fully carried interest in the Curipamba-El Domo project, which is operated by Silvercorp Metals. Construction is currently underway, with first commercial concentrates targeted for November 2027. Salazar bears no construction financing obligations.
The company’s exploration portfolio consists of 100%-owned projects, including Monja, Tarqui-Quimi, Santiago, Pijilí, and El Tigre. Salazar is systematically advancing surface exploration and drill targeting across these concessions. Management has a track record in Ecuadorian porphyry and epithermal systems, with the CEO and exploration manager previously involved in major regional discoveries.