Chocolate Project (formerly Guaneros Project)

The Chocolate Project is prospective for copper porphyry and comprises 6,100 hectares of submitted applications for exploration licences which are expected to be granted in due course as per Peruvian mining regulations. Non-invasive activities such as geophysics, geochemistry, and mapping are permitted during this initial tenure phase. Solis’ exploration crews have reported from ground visits that the area remains largely unexplored with no prior geochemical or geophysical data available

Location

The Chocolate Project sits astride a prospective coastal belt identified by Solis where the coastal batholith rocks are largely juxtaposed to the west of Jurassic rocks that potentially act as hosts to porphyry copper mineralisation. Within this belt, the Ilo Este Project, a copper porphyry occurrence, is situated 6km south-east of the Chocolate area and the Chancho Al Palo Prospect (porphyry and IOCG target) is some 8km to the north-west.

Geological Mapping

Solis’ geologists have analysed mapping data and structural analysis which confirms that substantial “Arc Oblique” structures are present that trend north-east and intercept the dominant “Arc Parallel” north-west trending structures and steep angle lineaments. Both Ilo Este and Chancho Al Palo are localised next to Arc Oblique structures. Chocolate has a distinct Arc Oblique zone that is covered by Quaternary sediments estimated to be up to 75m thick in places. In this area, hornfels alteration associated with Cu oxides has been observed in sparse outcrops. The area is considered to have compelling similarities to Ilo Este, and to be much less eroded, rendering it a greenfields exploration priority in the Solis portfolio.