Solis Minerals has mobilized a diamond drill rig to Chancho al Palo, Peru, to begin a 2,500-meter drilling program. They have also secured approval for a drilling permit at Ilo Este and are finalizing an IP survey at Cinto. Overall, the company aims to explore its copper-gold projects amid a rich mining region.
Solis Minerals Limited has just announced some major news about their ongoing efforts in Peru. The company revealed that they are mobilizing a diamond drill rig to the Chancho al Palo copper-gold project. This marks the beginning of a 2,500-meter diamond drilling program, set to kick off in the coming days, targeting various porphyry and iron oxide copper-gold (IOCG) deposits. This area is known for its rich copper resources and is located near significant projects by companies like AusQuest and Southern Copper.
The Chancho al Palo site, 100% owned by Solis, is positioned within a well-known coastal copper belt. Solis discovered multiple promising anomalies through surface mapping and geophysics, which warrants this first drilling venture. It’s been a key part of their strategy to explore and develop seemingly underutilized copper-gold resources in southern Peru.
Additionally, Solis has received approval from Peru’s Ministry of Energy and Mines (MINEM) for a drill permit at their Ilo Este project, about 20 kilometers away from Chancho al Palo. A 5,000-meter diamond drill program is expected to get under way in June 2025, pending final approvals. This project stands to bolster Solis’ copper assets significantly.
Solis is also wrapping up an induced polarization (IP) survey at their Cinto project, which is adjacent to Southern Copper’s Toquepala operations. Toquepala has been a long-standing player in the region, producing substantial amounts of copper over the years. The results from the Cinto IP survey are eagerly awaited and will also be available next month.
Mitch Thomas, the CEO of Solis, expressed enthusiasm about this development, stating, “We are excited to launch our maiden drill campaign at Chancho al Palo, a project with significant potential in one of the world’s premier copper-producing regions. Our team has worked diligently to define high-priority targets, and we look forward to delivering the first-ever drill results from this highly prospective system in the coming weeks.”
In addition to these projects, the company’s overall strategy focuses on enhancing their portfolio of copper-gold projects in a mineral-rich region. With roughly 69,200 hectares of concessions, Solis is well-positioned to explore a variety of copper opportunities in South America.
The company emphasizes that all forward-looking statements are based on current expectations, and risks may alter outcomes. However, with a strong leadership team and multiple projects coming online, things are certainly looking up for Solis’s operations.
Solis Minerals continues to solidify its presence in the South American copper landscape, striving to leverage every possible opportunity for growth.
In summary, Solis Minerals is advancing its drilling initiatives in Peru with a new rig mobilized to Chancho al Palo. The company is targeting high-potential copper-gold deposits and has secured necessary permits for further drilling at Ilo Este and is concluding vital surveys at Cinto. The roadmap ahead looks promising, with ongoing exploration aiming to unlock significant mineral resources in a key region for copper production.
Original Source: www.newsfilecorp.com
