ASX: SLM TSX-V: SLMN FSE: 08W

Il Este & Ilo Norte Copper Project

The Ilo Este Project is a large copper porphyry system with coincident gold, silver and molybdenum located within southern Peru’s costal copper belt. Mineralisation has been mapped at surface over more than three square kms.

The Ilo Norte Project located in the Arequipa Region consists of four contiguous concessions covering 3,300 ha located in southern Peru’s costal copper belt. The large alteration system is-10km long and several hundred metres thick and hosts IOGC and Skarn Replacement style mineralisation in a package of Jurassic Volcano-sedimentary rocks. The claim block is located 5 km from the road, 10 km from a copper smelter and 29 km from deep ocean Port of Ilo.

Deposit Types

Porphyry copper deposits are the world’s largest source of copper mined today and are generally the lowest unit cost mines due to their size and additional bi-product credits for Mo, Au, Ag and other metals. Peru and Chile together produce around one third of the world’s copper and the western flanks of the Andes Mountains in southern Peru are host to Peru’s largest and most prolific copper producers.

Accessibility & Location

The Ilo Norte and Ilo Este projects can be accessed initially via Arequipa, Peru’s second largest city that is 760km south-east of the capital Lima with a population of approximately 890,000 people. Arequipa has most products and services available for operating an exploration project. It is serviced by many daily flights from Lima as well as major highways and a railroad. From Arequipa, it is an approximately 220km, four-hour car journey to the port town of Ilo which acts as the base point for operations for both the Ilo projects.

Although the Ilo Norte concessions are approximately 22km north along the coastal highway to gain access to the higher and most prospective part of the concessions, it is necessary to travel northeast initially on the Pan American highway 78km to the Department capital Moquegua and continuing 32km to the small village of Cruz Misionera. From there its necessary to travel to the south-west on gravel tracks approximately 26km to the project site.

Expansion in Peru

Solis has successfully applied for new copper exploration licences in Peru including a 6,400-hectare package comprising of seven licences of largely underexplored areas in the highly prospective coastal belt.

The areas were previously help by Anaconda Copper with initial site visits indicating that there has been limited exploration undertaken.

The Company now holds a significant landholding of 43,500 hectares, principally along the coastal belt bounded to the west by batholiths of Jurassic and Cretaceous age. Based on the outcropping porphyry copper mineralisation at Ilo Este, Solis considers that the eastern margins of the batholiths represent highly prospective areas for porphyry copper occurrences emplaced in volcanic or volcaniclastic rocks.

Subscribe to our investor updates

© Copyright Solis Minerals 2024 | All Rights Reserved | Privacy