VANCOUVER, BRITISH COLUMBIA, April 23, 2021 -- SALAZAR RESOURCES LIMITED (TSXV: SRL) (Frankfurt: CCG.F) (“Salazar” or the "Company") reports that Ms. Jennifer Hui Wu has tendered her resignation as a director effective today.
Ms. Wu has accepted a senior position with a major US financial institution, and it is a condition of her new employment that all outside directorship be terminated immediately.
The Board wishes Ms. Wu well in her future endeavors and thanks her for her services as a member of the Board.
Salazar is focused on creating value and positive change through discovery, exploration and development in Ecuador. The team has an unrivalled understanding of the geology in-country, and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines.
Salazar has a wholly-owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organisation dedicated to sustainable progress through economic development.
The Company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar has a 25% stake fully carried through to production. Preparation of a feasibility study is underway and a 2019 PEA generated a base case NPV (8%) of US$288 million. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision.
For further information about Salazar please contact Merlin Marr-Johnson, Executive Vice President and Corporate Secretary at email@example.com or firstname.lastname@example.org.
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