- Solaris Resources (TSX:SLS) is reporting initial rock-chip sampling assays as high as 11,570 g/t silver and 12.3 g/t gold across 30 cm of breccia outcrop at its flagship Warintza project in Ecuador
- The junior miner has initiated follow-up mapping and sampling to refine targets for exploration drilling in late Q3 2024 or early Q4 2024
- Solaris is advancing a portfolio of copper and gold assets in the Americas
- Solaris Resources stock has given back 25 per cent year-over-year, but has gained 172 per cent since 2020
Solaris Resources (TSX:SLS) is reporting initial rock-chip sampling assays as high as 11,570 grams per tonne (g/t) of silver and 12.3 g/t gold across 30 cm of breccia outcrop at its flagship Warintza project in Ecuador.
The result is part of ongoing regional exploration that has uncovered anomalous pathfinder values over a 1 km by 2 km area, as well as expanded epithermal-style mineral alteration several kilometres to the south and from the Caya area into the adjacent Mateo target in the east.
Solaris has initiated follow-up mapping and sampling to refine targets at Warintza for exploration drilling in late Q3 2024 or early Q4 2024 with eyes on delineating an intermediate sulphidation epithermal system at depth.
The 268-square-kilometre Warintza project features a 2022 mineral resource estimate of 579 million tonnes (Mt) at 0.59 per cent copper equivalent indicated and 887 Mt at 0.47 per cent copper equivalent inferred, with an updated estimate expected next month amid ongoing exploration. Solaris complements its flagship project with a portfolio of demonstrated prospects with robust untapped upside:
- Caprico and Paco Orco in Peru are exploration projects with high-grade near-surface mineralization up to 3 per cent copper and 58 g/t silver.
- Ricardo features rock types and alteration similar to Chuquicamata, one of the largest copper mines in Chile.
- Tamarugo boasts the same geologic and structural setting as some of Chile’s largest copper deposits, including the El Salvador and Potrerillos copper mines ~50 km to the northeast.
- La Verde, located in the Mexican state of Michoacán, is a majority held (60 per cent) joint venture with Teck Resources (TSX:TECK.A) that seeks to capitalize on the state’s more than 500 years of mining history with significant production of gold, silver, zinc, iron and copper.
About Solaris Resources
Solaris is advancing a portfolio of copper and gold assets in the Americas.
Solaris Resources Inc. (TSX:SLS) last traded at C$4.08 per share. The stock has given back 25 per cent year-over-year, but has gained 172 per cent since 2020.
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(Top photo: Solaris Resources)
