Solis Minerals Ltd (ASX: SLM, TSXV: SLMN) has entered into a binding option agreement to purchase the “Jaguar” hard rock Lithium project in Bahia State Brazil.
“Brazil is fast becoming a significant player in the hard rock Lithium space,” Executive Director, Matthew Boyes, said.
“Solis’s primary objective is to quickly position itself by acquiring highly prospective underexplored projects in the northeast of Brazil. The Jaguar pegmatite hosts confirm LCT-bearing pegmatites with some of the coarsest and most abundant Spodumene occurrences I have seen.
“These tenements in what may be a new Lithium province are a fantastic addition to our already large tenement position in the northeast of Brazil, and with drilling to commence immediately, I am excited by this opportunity to better understand the potential of this very exciting system.”
Tenement location
The tenements 871427/2006 and 873426/2021 are located in the province of Bahia in northeast Brazil. The tenements cover a combined area of 1,143Ha with mineral extraction rights granted for the extraction of dimension on the northernmost tenement.
The Jaguar project is located 86km from Petrolina and Juazeiro, two major regional cities on the San Francisco River, which forms the border between Pernambuco and Bahia states. Road access is via a paved highway and four km of unsealed track to the project. Hydro-generated power is distributed along the main highway and located within 4.5km of the northern 871427 tenement. Land use is restricted to goat pasture and vegetation and is typical of a semi-arid tropical environment.
A series of surface samples were collected from the exposed portion of the Jaguar pegmatite within an artisanal open pit or “Garimpo” located at the Jaguar project.
Samples were taken from the Spodumene-rich pegmatite quartz core primarily to confirm the grade of the visible Spodumene mineralization. All samples were assayed at SGS GEOSOL Laboratories Ltda Brazil.
A field campaign will commence in the coming weeks to complete systematic geochemical sampling of all the known outcrops plus mapping and target generation for follow-up drill programmes; Solis has secured a drill rig and plans to commence drilling in June.
For further information please visit: https://solisminerals.com/
