Salazar Resources Hits 45m at 8.94 g/t AuEq at El Tigre, Ecuador

Salazar Resources has announced significant exploration results from its 100%-owned El Tigre project in Loja Province, Ecuador, defining a 650-meter by 500-meter gold-bearing barite horizon. Surface rock chip sampling returned 45 meters grading 8.94 g/t gold equivalent (AuEq) in the T2 zone and 50 meters at 2.02 g/t AuEq in the T3 zone, based on weighted averages from semi-continuous samples. The results build on previously reported geological, geochemical, and geophysical work, marking a major step toward defining a priority drill target.

For precious metals traders, the discovery highlights the potential for new gold supply from Ecuador, a jurisdiction that has seen increased mining investment in recent years. While the results are early-stage, high-grade surface intercepts like the T2 zone can signal the presence of a significant mineralized system. Gold explorers often see share price volatility around such announcements, and traders tracking the sector can monitor real-time gold prices on NowPrice's live dashboard to gauge market sentiment. The barite association is also notable, as barite is used in oil and gas drilling, adding a potential by-product value.

Looking ahead, the company will use these results to refine drill targets for the next phase of exploration. Investors will watch for follow-up drilling data, which could confirm the depth and continuity of the mineralization. The El Tigre project remains in early stages, and further technical reports will be needed to assess economic viability. Market participants should also monitor broader gold price trends, as sustained high gold prices support exploration budgets and project economics.