Northwire Canada EditionWednesday, August 26, 2026
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GOLD 4684.80 −0.2% SILVER 68.72 +0.1% COPPER 6.70 −1.7% OIL 80.23 −2.6% PALLADIUM 1337.25 −0.9% FFM 1.87 +0.0% VCT 0.065 +0.0% MLP 2.77 +0.4% BAU 0.210 −4.5% GTC 0.980 +0.0% FL 0.415 −1.2% NUAG 9.78 +4.0% VCU 1.33 +1.5% SHL 0.415 +5.1% SGO 0.215 +2.4% SYH 0.485 +7.8% SVRS 0.540 +0.0% SCD 0.205 −10.9% VIZ 0.245 +0.0% SBMI 0.140 +0.0% MJS 0.105 +5.0% GOLD 4684.80 −0.2% SILVER 68.72 +0.1% COPPER 6.70 −1.7% OIL 80.23 −2.6% PALLADIUM 1337.25 −0.9% FFM 1.87 +0.0% VCT 0.065 +0.0% MLP 2.77 +0.4% BAU 0.210 −4.5% GTC 0.980 +0.0% FL 0.415 −1.2% NUAG 9.78 +4.0% VCU 1.33 +1.5% SHL 0.415 +5.1% SGO 0.215 +2.4% SYH 0.485 +7.8% SVRS 0.540 +0.0% SCD 0.205 −10.9% VIZ 0.245 +0.0% SBMI 0.140 +0.0% MJS 0.105 +5.0%
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 →

More from Salazar Resources Limited

Aug 26, 2026 · 06:46

Salazar rebranded old MERC-011 tungsten-silver assays without adding new drill metres, offering no fresh geological data for the project.

Drill Results Aug 13, 2026 · 18:44

Salazar files an El Domo NI 43-101 report confirming prior resource upgrades.

Resource Estimate Jul 15, 2026 · 06:46

Salazar’s 25% carried interest in the El Domo project sees its net present value surge 121% to US$573 million.

Resource Estimate Jul 07, 2026 · 06:46

Salazar benefits from an Ecuador exploration fee waiver that reduces operating costs for its pre-production assets.

Regulatory Jun 30, 2026 · 06:46

Salazar tests porphyry fertility at Monja while El Domo construction costs rise to $284 million.

Drill Results Jun 01, 2026 · 06:46

Ecuadorian Copper-Gold Explorer

Drill Results