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.

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Post by retiredcfon Nov 15, 2022 8:37am

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Post# 35099211

Same Target (RBC)

November 14, 2022

Solaris Resources Inc.
Announces drill results from Warintza East, expanding footprint

TSX: SLS | CAD 6.15 | Outperform | Speculative Risk | Price Target CAD 20.00

Sentiment: Positive

Our view: We expect a positive reaction from Solaris shares to drill results from Warintza East which expand the footprint for the deposit with solid copper grades and intervals. The results highlight the potential for Solaris to expand the current resource with the inclusion of more material at Warintza East. Grades are slightly below the MRE (1.5Bt @ 0.52% CuEq, indicated and inferrred) but support the potential addition of material to add scale to the project. The solid grades and long intervals continue to be from surface/near-surface indicating potential for an open pit mine with low strip ratio that could be incorporated into a larger mine plan with Warintza Central. The deposit remains open with assays pending from additional drill holes (Exhibit 1) including plans for drilling from a step-out platform 400m to the southern margin of the drill grid.

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