TSX:SLS - Post Discussion
Post by
retiredcf on Dec 05, 2022 9:08am
RBC
December 5, 2022 Solaris Resources Inc.
Announces drill results at Warintza Central expanding starter pit
TSX: SLS | CAD 7.55 | Outperform | Speculative Risk | Price Target CAD 20.00
Sentiment: Positive
Our view: We expect a modest positive reaction from Solaris shares to drill results from Warintza Central, focused on extending the 'Indicative Starter Pit'. The results highlight the potential for growing the indicative starter pit as well as the overall resource with good grades, in line with the current mineral resource estimate (1.5Bt @ 0.52% CuEq, indicated and inferrred). Drill results were in partially open volumes and extend the known area of mineralization. The solid grades and long intervals continue to be from near-surface indicating potential for an open pit mine with low strip ratio. Management noted that assays are pending from a series of holes from a new step-out platform that SLS-65 was drilled from and aimed at further expanding the resource in the Northeast Extension zone. Solaris is also expecting assay results from remaining holes drilled from the Warintza West discovery platform
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