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Solis Minerals Ltd SLMFF


Primary Symbol: V.SLMN

Solis Minerals Limited is a Canada-based lithium explorer focusing on Latin American critical minerals. The Company owns a 100% interest or option to acquire 100% interest in the Borborema Lithium Project in northeast (NE) Brazil, covering approximately 26,100 hectares (ha). The Borborema Lithium Project targets exploration of Lithium-Caesium-Tantalum (LCT) bearing pegmatites. It also holds a 100% interest in approximately 35,700 ha of combined licenses and applications of highly prospective iron oxide copper/gold (IOCG) 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. Its projects located in Peru include Il Este and Ilo Norte Copper Project, and Cinto Copper Project. The Ilo Norte Project in southern Peru is an IOCG and porphyry copper exploration target. The Company entered into an option agreement to acquire 100% interest of the Mina Vermelha project in the Borborema province.


TSXV:SLMN - Post by User

Post by yukon_goldon Dec 09, 2021 9:01am
404 Views
Post# 34213854

Solis Mobilizes For Drilling in Chile's Atacama

Solis Mobilizes For Drilling in Chile's Atacama
https://mcusercontent.com/c1e258a0e429d579f9bf85b94/images/3c3d144e-ed33-2df8-27ea-582562f1e713.png
 
 
SOLIS MOBILIZES TO THE FIELD IN PREPARATION FOR DRILLING IN CHILE’S ATACAMA DESERT
 
DECEMBER 9TH 2021
 
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 Copiap, 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:
  1. To test multiple porphyry targets (interpreted feeders) beneath known copper mineralization at surface;
  2. To test the extent of known copper mineralization in a near-surface sequence of copper-rich stratified manto lenses;
  3. 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.
 
 
FOR FURTHER INFORMATION CONTACT:
 
Jason Cubitt
President and Chief Executive Officer
 
Solis Minerals Ltd.
jcubitt@solisminerals.com
www.solisminerals.com
(604) 209-1658
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