Northwire Canada EditionMonday, November 2, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Drill Results Routine +

Salazar Resources Defines 650m x 500m Gold-Bearing Barite Horizon at El Tigre, Ecuador; Surface Sampling Returns 45m at 8.94 g/t AuEq

Salazar reports 1.3 g/t gold over 12 metres at the San Jose deposit, consolidating its exploration portfolio with new high-grade intersections.

By The Northwire Desk — AI Analysis Jun 16, 2026 · 06:46 SRL · 0.245 Salazar Resources Limited
Executive Summary
  • Salazar Resources reported rock chip sampling and geological mapping results at its 100%-owned El Tigre Project in Ecuador.
  • Identified a laterally extensive, gold-bearing barite-rich horizon measuring approximately 650m x 500m at surface.
  • Key semi-continuous sampling intervals include T2 Zone (45m at 8.94 g/t AuEq) and T3 Zone (50m at 2.02 g/t AuEq).
  • 15 of 66 samples returned >0.4 g/t Au, with 23% of total samples showing anomalous gold values.
  • Mineralization is hosted in Cretaceous pillow lavas of the Celica formation, associated with hydrothermal breccias, barite veinlets, and intense silicification.
  • Geological characteristics mirror the world-class Tambo Grande VMS district in Peru, providing a strong regional analogue.
  • The company is designing a scout drilling program to test surface mineralization and potential underlying sulphide targets.
  • Mineralization remains open along strike and at depth, with geophysical surveys supporting a central magnetic anomaly and low-density gravity zone.
Material Impact
  • The news represents incremental exploration upside rather than a fundamental shift in the company's valuation drivers.
  • El Tigre is an early-stage exploration target within a diversified portfolio that is currently anchored by the construction of the El Domo mine.
  • The surface sampling results are encouraging and align with the company's stated strategy of identifying high-grade VMS and porphyry targets in Ecuador.
  • However, rock chip sampling alone does not define a resource or reserve, and the transition to a drill program is expected and routine for this stage of exploration.
  • The announcement does not materially alter the capital requirements or timeline for the flagship El Domo project, which remains the primary near-term catalyst.
  • The market impact is likely limited to speculative exploration interest, consistent with routine positive exploration updates.
SRL · Price
Company Overview
  • Salazar Resources is an exploration and development company focused on copper-gold and precious metal projects in Ecuador.
  • The flagship project is the El Domo (Curipamba) mine, which is currently under construction with a revised budget of US$284 million.
  • First production of gold and copper is targeted for July 2027.
  • The company holds a 25% carried interest in El Domo, providing near-term production exposure.
  • The exploration portfolio includes the Santiago, Pijilí, Tarqui, Quimi, Monja, and El Tigre projects, all located in prospective Ecuadorian metallogenic belts.
  • The company recently consolidated 100% ownership of several key assets through an acquisition from Silvercorp Metals.
Read the original news release →

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Drill Results