Title: Stock Symbols:
1Stock Symbols TSX-V SRL FSE CCG
2Disclaimer
Some of the statements contained herein
may be forward-looking statements which involve
known and unknown risks and uncertainties.
Without limitation, statements regarding
potential mineralization and resources,
exploration results, and future plans and
objectives of the Company are forward looking
statements that involve various degrees of risk.
The following are important factors that could
cause the Companys actual results to differ
materially from those expressed or implied by
such forward looking statements changes in the
world wide price of mineral commodities, general
market conditions, risks inherent in mineral
exploration, risks associated with development,
construction and mining operations, the
uncertainty of future profitability and the
uncertainty of access to additional capital.
3Company Profile
Salazar Resources Ltd. is a mineral resource co
mpany engaged in the exploration and development
of new highly prospective areas of Ecuador. Led
by a senior Ecuadorian management team and most
notably by its namesake Fredy Salazar, Salazar
Resources has positioned itself to become a major
strategic player in Ecuador.
4Corporate Overview
High/Low 4.39 0.65 Shares O/S
27,708,432 Warrants 7,590,273 Option
s 2,250,000
Shares F/D 37,548,705
Escrowed Over 6 yrs 15,000,000 Working
Capital 11,000,000
- The vendors may also be issued up to 7 million
additional common shares of the company on an
earn-out basis. To fully earn the additional
shares, a total of 11.2 million oz of gold in an
NI 43-101 compliant indicated mineral resource
category must be identified within a period of
four years. - 15,000,000 included in 27,708,432
5Corporate Management
Fredy Salazar, President CEO
Mr. Salazar is a professional geologist
registered in Ecuador. Salazar holds a bachelor's
degree in geology and a master's degree in
environmental sciences from Central University,
Ecuador. From 1988 through 2000, Mr. Salazar
worked in the mineral resource sector throughout
Ecuador. From November, 1990, through November,
1998, Mr. Salazar worked with Newmont Overseas
Exploration Ltd. as the regional exploration
geologist, reviewing and evaluating over 100 gold
prospect submittals. Mr. Salazar has an extensive
and detailed knowledge of Ecuador's geological
potential. During a worldwide downturn in
resource exploration activities in 2001, Mr.
Salazar established an environmental consulting
company, Congeminpa Ltda., which provides
services to both mineral exploration and oil and
gas exploration companies. Congeminpa has a staff
of over 120 people. Congeminpa has a separate
management structure and will continue to operate
though Mr. Salazar will devote most of his time
to advancing the Curimining exploration projects.
In 2004, Mr. Salazar resumed his efforts in
resource exploration opportunities. Mr. Salazar
was instrumental in Aurelian Resource's
acquisition of its Fruta del Norte property and
most recently concluded an agreement to sell the
El Condor property to Lateegra Resources.
Pablo Acosta, CFO Mr. Acosta is an Ecuadorian
certified public accountant and has been a
director and officer of several private companies
in Ecuador since 1985. Mr. Acosta earned his
bachelor of commerce from the Pontificia
Universidad Catolica del Ecuador (PUCE), Quito
Ecuador, 1987 audit manager at Romero
Asociados from 1985 to 1987 managed Bermudez
Asociados Cia. Ltda. audit department from 1987
to 2003. Mr. Acosta has specialized in providing
accounting, external auditing, project and
operations auditing, instructors training,
company valuations, finance management, cost and
budget planning, quality management standards,
and environmental matters. Since 2003, Mr. Acosta
has worked with Mr. Salazar.
6Technical Team
Francisco Soria Venegas, P.Geo, Exploration
Manager Mr. Venegas has 19 years experience as a
geologist, specializing in Ecuador, he worked 8
years at Newmont Overseas Exploration Ltd. and
was Cangrejos Project Manager (Copper-Gold
Porphyry 1.6 mill oz Au) He was most notably
recognized as Senior Geologist for the
International Minerals Company where he has held
this position for the past four years, being an
integral part in the discovery of the Rio Blanco
Deposit (0.7 mill oz Au, 5.00 mill oz Ag) and
Gaby (estimated 3 mill oz Au). Francisco is a key
part of the Salazar team with his vast knowledge
of Gold-Copper Porphyry deposits in Ecuador.
German Naranjo, P.Geo, Project Manager Mr. Nar
anjo earned his BSc. degree from the Central
University, Ecuador in 1991. His proficiency
varies from grassroots exploration, large-scale
surface and underground drill programs. For the
past 7 years he was a Senior Geologist with IAM
Gold being a key member of the Quimsacocha gold
deposit discovery team (estimated 2.8 million oz
Au 18.2 million oz Ag). Formerly he managed
exploration projects at Newmont for 5 years.
Bayardo Rosero, P.Eng, Project Manager Mr. Rose
ro has been an engineer in Ecuador mining since
1992. He received his B.Sc. degree in Mining
Engineering from the Central University, Ecuador.
Since then he has succeeded in various aspects
of the exploration business. He worked as a
Consultant for the British Geological Survey
where he took part of the publication of the
Evaluation of Ecuadorian Mining Districts. As a
Senior Exploration Geologist he worked for IAM
GOLD. and also for Aurelian Resources, where he
was essential part in discovering the
continuation of Fruta Del Nortes gold deposit.
7Corporate Summary
- 4 Projects with substantial land holdings
(152,697 hectares)
- Au-Ag epithermal deposits, Cu-Au porphyries, and
VMS opportunities
- Strategic advantage created by core members of
the management team being Ecuadorian based
- 9000m Drill program commenced August 29, 2007
- Over 100 personnel on the ground - including 12
geologists 3 whom were instrumental in the
discovery of significant deposits in Ecuador
- Channel sampling results such as 186.5 g/t Au and
1055 g/t Ag over 2m contained within 39.1 g/t Au
and 741 g/t Ag over 15m
- Share structure rewards exploration success!
8Property Locations
FOUR PROJECTS 100 Ownership CURIPAMBA 16 Con
cessions 71,297 Hectares RUMINAHUI 9 Conces
sions 32,676 Hectares LA AVENTURA 2 Concessio
ns 4,300 Hectares MENDEZ 16 Concessions 44,6
94 Hectares
9Curipamba Project
- New prospective area in Ecuador that has never
been drilled
- Southern portion of project highest priority
- Exploration targets include potential VMS
gold-silver-copper-zinc deposits at Sesmo Sur
high grade epithermal gold, silver quartz breccia
veins with chalcopyrite, galena, sphalerite and
barite at Las Naves Central silicified quartz
breccia vein structures with polysulphide clasts
rich in silver, sphalerite and galena minerals at
Piedras Blancas large shear/fault structures
and potential porphyry gold-copper in tertiary
granodiorite intrusive stocks in the north of the
project - Initial 10,000m of drilling planned for August,
2007
10- Curipamba Sesmo Sur
- Drill Target Priority 1A
11El Lobo Anomaly Sesmo Sur
Sample 501 1.30m trench 16.65g/t Au 273g/t A
g Sample 205 2.0m channel 14.25g/t Au 278g/
t Ag Sample 505 1.50m trench 12.6g/t Au 190g
/t Ag
92 rock chip samples sampled with lengths varying
b/n 1m-5m (31 trench, 53 outcrop, and 8 manual
pit samples with depths b/n 1m-4m). Values ranged
from 0.01 to 16.65 g/t gold and 0.01 to 604 g/t
silver.
12Alteration Map Sesmo Sur
Alteration zone is greater than 100m wide and
open to both the north and south with potential
length greater than 500m. Gold and silver
mineralization is hosted within a silicified and
pyritized hydrothermal volcanic breccia with a
matrix of barite and poly-sulphides (silver
within galena, sphalerite, and chalcopyrite)
13Drill Program
Drill program consists of approximately 48 holes,
totaling 9000 meters and will begin with an
initial 4,000 meters. The program will commence
at Sesmo Sur area where previous channel
sampling from the El Lobo Anomaly (0.8 km by 0.4
km) returned 68 meters at an average of 2.6 g/t
Gold and 82 g/t Silver including 5 meters at an
average of 8.5 g/t gold and 304 g/t silver.
In addition to Sesmo Sur the drill program will
test the various anomalies identified on our Las
Naves mining concessions which cover an area 2 km
x 1 km.
14Sesmo Sur - Anomaly
Float, Breccia with strong Sil-Py, with Chalcoci
te and Sphalerite Ley 1.33 g/t Au
and 2 Zn
Sample 199 16,55 g/t Au 644 g/t Ag 3,15 Pb
0,33 Cu
15- Curipamba Las Naves Central
- Drill Target Priority 1B
16Anomalies
17Sampling
18Sesmo Trenching
TRENCH AT SESMO Sample Au g/t
Ag g/t 51 16,58
384 52 6,1
136 53 3,69
108 54 5,06 15
00 55 (selective) 17,25 1500 56
3,61 711
57 14,25 858
19Sesmo Anomaly
Sheer zone containing abundant pyrite, sphalerit
e, galena and iron oxide 20 g/t Au 917 g/t Ag
0,25 Cu 0,63 Zn 0,38Pb
20Caracol Anomaly
Hydrothermal breccia with pyrite, galena, and
sphalerite matrix. 0,92 g/t Au 61 g/t Ag 0
,13Cu 1,33 Pb 1Zn
21El Gallo Anomaly
Trench outcrop breccia with massive sulphide
clasts in fine tuff
and a rock dust matrix
22Ruminihaui Project Overview
- RUMINIHAUI
- Located about 100 km NW of Quito
- Prospective for Au-Cu-Ag epithermal veins and
upside surprise of nickel concentrations up to
5g/t within quartz-diorite stockwork
- Gold values from recent rock chip and channel
sampling up to 44 g/t Au with anomalous nickel
concentrations
- N-S trending fault, serpentinized at the margins
with an approximate width of 100m sheeted veins
of qtz, py, and cpy trend sub-parallel to
regional shear orientations - Scheduled exploration for 2007 includes Stream
sediments, rock geochemistry, geological mapping
and geophysics with drilling to follow Q4 or Q1
2008 EIA underway
23San Francisco Anomaly
Qtz-FeOx Vein, Pyrite, Chalcopyrite ,0.50 m
width,
17.93 g/t Au 1.1 g/t Ag 0.32 Cu
24Project Overviews
- MENDEZ
- 300 kilometers from Cuenca,
- Prospective for Cu-Au in granodiorite porphyries
intruding Precambrian and Cretaceous metamorphic
and sedimentary rock units potential epithermal
emplacement exists - reconnaissance exploration to date with
preliminary results up to 1.29 Cu in chip
samples
- Low priority for 2007 exploration due to higher
priority targets
- LA AVENTURA
- 100km South-East from Guayaquil
- Cu-Au granodiorite porphyries in association with
1-2 sulphides in quartz veinlet stockwork
- selective quartz vein chip sample results include
23 g/t Au and 59 g/t Ag
- 2007 exploration stream sediments, rock
geochemistry (outcrops and chips) and geological
mapping
25Exploration Summary
- New target areas have not yet been explored with
modern exploration methods
- Significant number of newly discovered outcrops
gold-silver (minor copper, lead and zinc) - with
large tonnage potential
- Exploration targets include potential VMS type
gold-silver deposits, high grade gold-silver
quartz breccia veins, large shear/fault
structures, and porphyry copper - 2007 exploration will include targeted trenching,
channel samples, grid work, and geophysics
- Initial 9,000m drill program for Curipamba
Property
- 12 month exploration budget approximately 7M
USD
26Ecuador Overview
- Ecuador has been recognized as one of the worlds
most prospective regions for new gold
discoveries
- Dynastys Zaruma Project receives permitting
green light - January 2007
- Debt being paid
- Interest payments made on Global 2030 bonds -
February 2007
- Balance of IMF loans repaid - April 2007
- Referendum - more than 70 of voters support
President Correa's plans to restructure Ecuador's
political system through a constitutional
assembly - April 2007 - Canada is now largest foreign investor in Ecuador
making up over 30 of total foreign investment -
Over 99 of which is in the resource sector
27Investment Highlights
- Ecuador has been recognized as one of the worlds
most prospective regions for new gold
discoveries
- 152,697 hectares in new highly prospective
areas in Ecuador
- Au-Ag, Cu-Au, and VMS Multiple opportunities
- 15 million shares are held in escrow and released
over 6 years
- Over 100 personnel working the properties
including 12 geologists. Salazars technical
team is made up of a key group of geologists who
were instrumental in the discovery of other major
deposits in Ecuador i.e. Aurelian, IAM Gold, and
International Minerals.
28Contact Info
Ecuador Av. 10 de Agosto N37-232 Quito,
Ecuador T. (593)2-227-8975 F. (593)2-227-8975
102
Canada 1305 - 1090 W Georgia Vancouver, BC C
anada V6E 3V7 T. (604) 484-0066 F. (604) 484-006
9
info_at_salazarresources.com