Solaris Resources Inc T.SLS

Alternate Symbol(s): SLSR

Metals & Mining Industrial Metals & Minerals

Solaris Resources Inc. is a Canada-based multi-asset exploration company that is engaged in advancing a portfolio of copper and gold assets in the Americas. Its Warintza property is a porphyry copper-molybdenum-gold project located in southeastern Ecuador in the province of Morona Santiago. It includes nine metallic mineral concessions covering 26,777 hectares (ha). The Ricardo property is an exploration porphyry copper prospect located near Calama, Chile in the Calama Mining District. Its claim block covers approximately 16,000 ha. The Tamarugo property is a grass-roots copper porphyry target located in northern Chile approximately 85 kilometers northeast of Copiapo. Its claim blocks cover a total of approximately 12,300 ha. The Capricho project is a 4,200-ha copper-molybdenum-gold property. The Paco Orco project is a 4,400-ha lead, zinc and silver property. The La Verde property is situated in the Sierra Madre del Sur west of Mexico City, including the Unificacion Santa Maria claim.

TSX:SLS - Post by User

Solaris Resources Inc

<< Previous

Bullboard Posts

Next >>

Post by retiredcfon Sep 07, 2022 9:42am

172 Views

Post# 34946261

TD

Have a $20.00 target. GLTA

Solaris Resources Inc.

(SLS-T) C$6.67

Expanding the Northeast Extension of ‘Indicative Starter Pit’ Event

This morning, Solaris reported assay results from a series of holes aimed at growing the Northeast Extension of the ‘Indicative Starter Pit’ at its Warintza Project in southeastern Ecuador.

Impact: SLIGHTLY POSITIVE

Additional drilling continues to expand the Northeast Extension of the ‘Indicative Starter Pit’, which was recently estimated at 180 Mt at 0.82% CuEq (Indicated) and 107 Mt at 0.73% CuEq (Inferred) within the Warintza Resource Estimate. This zone is characterized by near surface, high-grade mineralization and remains open for further growth with follow-up drilling underway.
SLS-66 was collared on a platform at the northeastern limit of the Warintza Central grid and drilled southwest, returning 124m of 0.82% CuEq within a broader interval of 622m of 0.42% CuEq starting from surface.
SLS-66 follows from previous holes SLS-63 and SLS-54, which were drilled from the same pad to the north and southeast.
SLS-64 was collared on a platform at the northern limit of Warintza Central and drilled north northeast into an open volume, returning 110m of 0.54% CuEq from near surface within a broader interval of 440m of 0.48% CuEq, extending and broadening the zone to the north in this area. SLS-64 follows from previous holes SLS-62 and SLS-48, which were drilled from the same pad to the northeast and south.
SLS-65, which is a step out hole from a new platform 200m to the north, has now been completed after operational delays with adjustments to the platform for drilling and assays are expected within the next four weeks.
Solaris last reported cash of $24mm (June 30) and no debt. Additional funds could come from warrants expiring in Q4/22 (C$7mm at C$1.20/sh and C$17mm at C $6.75/sh) and H1/23 (C$30mm at C$1.20/sh).