Salazar Resources is a Vancouver exchange quoted exploration and development company based in Ecuador with a market cap of around C$50M. Salazar has a 25% interest in an advanced stage VMS deposit in its feasibility stage about to go into permitting stage. In addition, Salazar has a 100% owned portfolio of exciting exploration assets within which they hope to find the next major Copper-Gold project in Ecuador.

There have recently been elections in Ecuador which caused tension in the run-up but the final outcome has resulted in a pro-mining environment for Salazar Resources.

Salazar is in partnership with Adventus mining and has published some great in-fill results over the course of the year. They are confident that they will get the permit required to build an open-pit mine in Ecuador which is a major milestone for the company. The government is keen to encourage foreign investment and is pro-mining which are key signals that permitting will happen in due course.

Salazar Resources has an experienced team with a proven track record and an unrivalled understanding of the geology in-country, having played an integral role in the discovery of most of the major projects in Ecuador, including the two newest operating gold and copper mines. 

Salazar Resources is in a strong position with a steady income and a significant carried work program with further upside potential from the wholly-owned portfolio and the Company’s proven ability to find new projects and advance discoveries in Ecuador.

2021 is all about finding one major project for the company and Ecuador is the place to find the next big Copper-Gold project. The government is now behind these discoveries which have fantastic geology and the market is demanding these discoveries are developed going forward.