Post by
savyinvestor333 on Sep 08, 2021 7:10am
From Beacon Securities
Solaris Resources Inc . (SLS-T) Positive Results Continue: 1,184m of 0.68% eqCu September 07, 2021 Bereket A. Berhe (416) 507-3978 bberhe@beaconsecurities.ca
This morning Solaris Resources reported drill results for three additional holes from its ongoing diamond drill program at its Warintza Central Project in south-eastern Ecuador. The three holes intersected significant intervals of copper, molybdenum and gold, with the highest-grade mineralization starting at surface. SLS continued to extend the mineralized envelope to the east, west and south over a strike length of 1,250m+, while infilling gaps within the mineralization. The mineralization traced to up to 1,230m depth, and remains open in all directions. Warintza Central drill highlights:
• SLS-29: 1,184m of 0.68% eqCu (0.58% Cu, 0.02% Mo & 0.05 g/t Au) from surface. including 480m of 0.80% eqCu
• SLS-28: 632m of 0.68% eqCu (0.51% Cu, 0.04% Mo, and 0.06 g/t Au), including 316m of 1.0% eqCu
• SLS-27: 462m of 0.91% eqCu (0.70% Cu, 0.04% Mo & 0.08g/t Au), including 372m of 1.02% eqCu For more detail see figures 1,2,3 and the company NR: Here The company continues to demonstrate Warintza’s scale, with strike and depth extensions, as well as with its recently discovery at Warintza East. Warintza East is one of five main targets within the 5km x 5km cluster of copper porphyries identified on the property and has a similar geochemical and geophysical expression as the Warintza Central. SLS is awaiting assays from additional Warintza East drilling, and has added a second rig to expedite drilling.
Maiden drilling started at El Trinche, a coincident geophysical and geochemical anomaly that is potentially a southern extension of Warintza Central (figure 3). Sampling in the area returned 0.3% to 1.1% Cu at surface. The first hole is collared 500m south of current drilling at Warintza Central. To date, the company completed 40 holes at Warintza Central with results reported for 29 holes. SLS currently has 7 rigs turning and plans to increase to 12 rigs by mid-year.
Comment by
StockPick40 on Sep 09, 2021 10:51pm
Maiden drilling at El Trinche gives us something more to watch and another update will be great for this. Go go go!
Comment by
GoldenIdle on Sep 16, 2021 11:21am
There's a takeover bid for Spanish copper miner Trifgura for $2 billion and Solaris $$ goes down ? It should be higher !
Comment by
StockPick40 on Sep 17, 2021 10:17am
Seems the stock is a temporary thing. If it hits the $2B approx mark that should set a good precedent for Solaris. I'm sure the rumour mill will be churning like crazy for anything on a Solaris Too bad most of the potential buyers are still mum on the details. They should get rid of their policies of not commenting on rumours in the market.