- Solaris Resources Inc (SLS) is targeting high-grade extensions and major growth in the Warintza Central deposit
- In-pit indicated mineral resources at 0.59 per cent copper equivalent were found
- Ongoing drilling focused on open extensions of near surface high-grade mineralization
- Warintza Central forms a cluster of deposits where recent discoveries offer major growth
- Solaris Resources Inc (SLS) is up 2.93 per cent and is trading at $15.08 per share as of 2:10 p.m. ET
Solaris Resources (SLS) has reported encouraging copper showings at the Warintza Central deposit at its Warintza Project in Ecuador.
In-pit indicated mineral resources of 579 million tonnes at 0.59 per cent copper equivalent and inferred mineral resources of 887 million tonnes at 0.47 per cent copper equivalent were recorded.
Ongoing drilling focused on open extensions of near surface, high-grade mineralization to the northeast and southeast of Warintza Central. Warintza Central pit shell includes an overlapping portion of Warintza East, discovered mid-2021, a target wide open for major growth potential within a shared pit.
Warintza Central forms part of a seven-by-five-kilometre cluster of deposits, where recent discoveries at West and South offer major growth potential.
Daniel Earle, President and CEO of Solaris, commented,
“After only eighteen months of drilling, primarily in Warintza Central, one of the four major discoveries made on the property to date, the MRE establishes baseline credentials for the project of hosting a robust inventory, featuring a high-grade indicative starter pit and low strip ratio, within a mining district offering major structural advantages from highway access, abundant and low-cost hydroelectric power, fresh water, labour and low elevation.”
Ongoing drilling is targeting further rapid growth and expanding the recent Warintza East discovery to include it within a shared pit while testing the further potential within the cluster.
Solaris Resources Inc (SLS) is up 2.93 per cent and is trading at $15.08 per share as of 2:10 p.m. ET.