Mineralisation Intersected From Surface In Ecuador
Solaris Resources Inc. (TSX: SLS) has hit significant intersections of mineralisation in a series of additional holes from the ongoing resource growth and discovery diamond drilling program at its Warintza Project in south-eastern Ecuador.
Three additional holes at Warintza Central have returned long intervals of high-grade mineralisation, with the highest grades starting from surface, and extending mineralisation between the eastern and western drilling and stepping out to the southwest.
Hole SLS-14 was collared on the western side of Warintza Central and drilled into an open volume to the east, returning 922m of 0.94% CuEq (0.79% Cu, 0.03% Mo, and 0.08 g/t Au) from surface, including 850m of 0.98% CuEq (0.82% Cu, 0.03% Mo, and 0.08 g/t Au), significantly extending the limits of mineralisation
Hole SLS-15 returned 1,002m of 0.60% CuEq (0.52% Cu, 0.01% Mo, and 0.04 g/t Au) from surface, including 694m of 0.67% CuEq (0.57% Cu, 0.02% Mo, and 0.05 g/t Au) within a broader interval of 1,229m of 0.56% CuEq (0.48% Cu, 0.01% Mo, and 0.04 g/t Au), stepping out to the southeast and extending mineralisation to depth
Hole SLS-16 returned 958m of 0.77% CuEq (0.63% Cu, 0.03% Mo, and 0.06 g/t Au) from near surface, including 486m of 0.84% CuEq (0.70% Cu, 0.03% Mo, and 0.07 g/t Au), extending mineralisation between the eastern and western drilling at Warintza Central
Vice President, Exploration, Jorge Fierro, said that to date, 20,200m have been drilled at Warintza Central in 25 holes of which results have been reported for 16; drilling is ongoing with six rigs currently operating and increasing to 12 by mid-year
“Our drilling continues to demonstrate significant extensions of mineralisation at Warintza Central with the latest results suggesting the continuity of high-grade mineralisation between the eastern and western areas and extending the mineralised envelope to the southeast,” Mr Fierro said.
“Our exploration drilling recently resulted in a new discovery at Warintza West, with maiden drilling targeting new discoveries at Warintza East and South commencing in the second quarter.”
Solaris is advancing a portfolio of copper and gold assets in the Americas, which includes: a high-grade resource with expansion and additional discovery potential at the Warintza copper and gold project in Ecuador; discovery potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco projects in Peru; exposure to US$130 million spending / five-yrs through a farm-out agreement with Freeport-McMoRan on the Ricardo Project in Chile; and significant leverage to increasing copper prices through the 60%-interest in the development-stage La Verde joint-venture project with Teck Resources in Mexico.
