Solis Minerals Ltd. (“Solis” or “the Company”) (TSXV:SLMN, FSE:08W, OTC:WMRSF) is pleased to announce that a six-person technical and support team, overseen by Country Manager Angelo Peri, has mobilized to its 100-per-cent-optioned Mostazal copper project in northern Chile. The team is making preparations for the drill program announced in October 2021, with drilling expected to commence the second week of January 2022. A field office has been established in the village of Inca de Oro located 100 km northeast of Copiapó, and 45 km southwest of the Mostazal Project.
The team is conducting reconnaissance investigations to better understand the alteration, structural controls, and the mineralization distribution which will be complemented by a review of historical drill cores. Samples from the historical core will also be collected to confirm previously reported high-grade copper/silver intercepts. The Company plans to drill eight holes for a total 4,000 metres of drilling.
As announced previously, with this program the Company plans to undertake the first ever drill testing of an interpreted porphyry feeder system underlying a 4 km by 2.5 km north-south trending belt of outcropping copper mineralization, small-scale mine workings, and geochemical anomalies.
Jason Cubitt, Solis’ president and CEO, stated: “This is a historic time for our company—to be on the doorstep of drill-testing a high quality target of significant size in one of the world’s most productive copper districts. Congratulations go to the entire Solis team for putting us in a position to potentially discover Chile’s next copper porphyry deposit.”
The objectives of the drill program are threefold:
- To test multiple porphyry targets (interpreted feeders) beneath known copper mineralization at surface;
- To test the extent of known copper mineralization in a near-surface sequence of copper-rich stratified manto lenses;
- To test additional manto and porphyry targets identified in geochemical and geophysical surveys and in outcrop.
About Solis Minerals Ltd.
Solis Minerals is a Latin American-focused mining exploration company. The company is earning into a 100-per-cent interest in the Mostazal copper project in Chile’s Atacama Desert, one of the world’s premier copper production jurisdictions. The company also holds a 100-per-cent interest in a package of highly prospective IOCG (iron oxide copper/gold) and porphyry copper projects in southwestern Peru within the country’s prolific coastal copper belt — a source of nearly half of Peru’s copper production.
Derrick Strickland, P. Geo. (1000315), is a qualified person and has reviewed and approved the technical content of this news release
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.