Solis Minerals Limited has received drilling permits for its Chancho al Palo copper-gold project in Peru, commencing a 7,500-meter drilling campaign. Drilling is set to begin imminently, with additional permits for the Ilo Este project expected soon. The exploration is aimed at identifying large-scale mining resources in a prominent copper region, supported by favorable market conditions for copper and gold.
Solis Minerals Limited has announced the approval to begin drilling at its Chancho al Palo copper-gold project in Peru. The drilling campaign will involve approximately 7,500 meters to explore copper-gold targets, with drilling set to start imminently. The company is also anticipating drilling permits for its Ilo Este project shortly.
The drilling at Chancho al Palo will commence with about five drill holes totaling 2,500 meters, with potential for further expansion. This drilling effort aligns with Solis Minerals’ goal of identifying valuable copper-gold resources in southern Peru, which could support large-scale mining operations in a mineral-rich region.
Solis’ exploration targets feature rich mineralization and are conveniently located near vital infrastructure. The area is home to several established copper mining operations, including those by Southern Copper and Teck Resources. Notably, their targets are similar to known mineralization zones of nearby prospects.
CEO Mitch Thomas remarked on the significance of the drilling: “Drilling commencement at Chancho al Palo marks the start of an exciting phase of growth for the Company.” The results from these drilling activities are expected over the next few months, coinciding with the current favorable prices for copper and gold.
The Chancho al Palo project encompasses four concessions within Peru’s Southern Coastal Belt. Advanced geophysical surveys have indicated substantial chargeability targets, with two main mineralization styles identified, including iron oxide copper-gold (IOCG) and porphyry-style mineralization.
As drilling preparations unfold, Solis Minerals is simultaneously working to finalize approvals for a concurrent 5,000-meter drill program at its Ilo Este project. This comprehensive approach is designed to maximize exploration efforts in one of the world’s top copper-producing regions.
In summary, Solis Minerals is set to commence a significant drilling campaign at its Chancho al Palo project in Peru, aimed at exploring copper-gold resources. This venture aligns with the company’s growth strategy in a prime mining region, and it anticipates a favorable market environment for copper and gold. Ongoing efforts to finalize permits for additional projects reflect Solis’ commitment to expanding its copper-gold resource base, with a steady flow of updates expected in the coming months.
Original Source: www.newsfilecorp.com
