Solis Minerals Limited (ASX: SLM) has provided an update on exploration activities at the company’s Cinto Project, Peru. Solis has recently completed a first pass geochemical programme at the project and has finalized an access agreement with the local community to fast-track drill exploration at this location.
Executive director, Matthew Boyes, commented: “We are very pleased to have commenced exploration activities at Cinto, its location and initial geochemical rock chip results are extremely compelling. I am most excited about the geochemical signature we are seeing which demonstrates that copper mineralization is present with associated metals in very similar corresponding concentrations to the mineralisation present at the massive Toquepala deposit, potentially indicating that the mineralisation at surface is located in close proximity to a large porphyry system.”
The update explains that Solis has signed an access agreement with local Carumbraya community at the Cinto Project and initiated systematic mapping and sampling of outcropping copper mineralization.
Additionally, exploration at Clinto has unveiled surface grab samples reporting assays of up to 7.14% Cu with mineralization mapped over a 200m x 100m area in historical workings associated with significant alteration and structural deformation. Further, structures evident in 100m wide exposed area with abundant copper oxide mineralisation in historical artisanal workings.
The project is positioned on boundary of regional scale transcurrent Incapuquio fault system which forms structural corridor related to massive Toquepala porphyry system 10km to the north-west.
Geochemical works have unveiled signature and base metal concentration ratios assayed in very similar ranges to metals content in Toquepala indicating porphyry-style mineralization.
Finally, drone magnetometer and follow up geological mapping is underway to guide drill permitting.
“I am looking forward to commencing geophysical programmes in conjunction with a detailed mapping programme and applying for permits for the first pass drill programme. Our Peruvian assets have been significantly underexplored for too long. We now have a pipeline of very high-quality drill targets at Ilo Este and Chancho al Palo which are both being permitted for drilling. Cinto is now shaping up to be an equally significant high quality exploration target”.
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