HIGHLIGHTS Solis Minerals has received approvals to commence drilling at its copper-gold project Chancho al Palo in Peru. Leading Peruvian drilling contractor to commence a 7,500-meter diamond drilling campaign of copper-gold targets. Drilling is anticipated to begin imminently. Drilling permits for the Company's other drill-ready target, Ilo Este , are expected in the coming weeks. Assay samples will be processed at ALS [...]
Solis Minerals Ltd. provides the following update regarding its Tranche 2 placement. Under TSX Venture Exchange requirements, placements must close within 45 days of announcement. Solis Minerals announced its Tranche 1 and 2 placements on 26 February 2025. To accommodate the Special Shareholder Meeting scheduled for 16 April 2025, the TSXV has granted a 30-day extension from today for the closing of the Tranche 2 [...]
The Directors of Solis Minerals Ltd. is pleased to advise that the Company has closed Tranche 1 of the Placement, issuing a total of 21,961,220 CHESS Depositary Interests over common shares at A$0.085 per New Share to raise gross proceeds of A$1,866,703.70. The Company's total issued equity capital post Tranche 1 allotment is 109,806,103 shares. Assisting brokers received, in aggregate, fees of 6% of the funds raised [...]
HIGHLIGHTS Solis has received firm commitments for a strongly supported placement to institutional and sophisticated investors to raise A$4.5 million, including commitment from Directors to invest A$205,000 subject to shareholder approval. Funds raised will be deployed into: Drilling at the primary Ilo Este and Chancho al Palo copper targets in southern Peru; Pre-drilling work at the Cinto Project; and Regional target [...]
Sample grades of 4.92% copper and 2.47g/t gold HIGHLIGHTS Rock geochemical assays from magnetic drone survey data1 reveal two copper porphyry and two vein-hosted iron oxide copper gold targets at Chocolate2. Highlight geochemical assays from rock samples include: Porphyry Target 1: 0.71% Cu and 0.60g/t Au IOCG Target 1: 4.92% Cu and 2.47 g/t Au Porphyry Target 2: 1.92% Cu and 0.03 g/t Au IOCG Target 2: 2.78% Cu and 0.21 [...]
Solis Minerals Ltd. is pleased to announce the appointment of Mitch Thomas as Chief Executive Officer. As the former Chief Financial Officer of Latin Resources Ltd. and CFO Battery Materials for Rio Tinto , Mitch has deep corporate, commercial and project development experience. Additionally, he has worked extensively in South America, including three years in Peru working for Rio Tinto supporting the La Granja copper [...]
Copper Porphyry Mineralisation Confirmed at Cinto 0.88% Cu over 23.4m HIGHLIGHTS Extensive copper porphyry mineralisation identified in rock and channel sampling at Cinto Project, Peru. Highlights include: 23.4m @ 0.88% Cu 16.83m @ 0.52% Cu Cinto is located 15km SE of one of Peru's major copper mines, Toquepala 1 Scope for scale with potential porphyry style copper mineralisation over 1.75 square kilometres based on [...]
HIGHLIGHTS Widespread copper oxide mineralisation confirmed in initial reconnaissance sampling at Canyon Project, with copper occurrences in road-cuts over 400m. Rock grab samples returned assays of 0.74% Cu/ 0.07% Mo, and 0.53% Cu/ 0.02% Mo. Associated high molybdenum values indicate primary porphyry style mineralisation. Follow-up remote sensing, mapping, and rock geochemistry planned at the Canyon Project to quickly [...]
HIGHLIGHTS Magnetic anomaly recognised on batholith margin Coincident WorldView 3 remote sensing and magnetic anomalies Clear zones of interest identified for follow-up IP for drill targeting First-pass drill program anticipated for 2025 Latin American focused copper-gold explorer, Solis Minerals Ltd. is pleased to announce an update on exploration activities at the Cinto Project situated in the prospective Cenozoic [...]
HIGHLIGHTS Large, new 25,600Ha project prospective for porphyry copper mineralisation Canyon Project is located 675km NW of Ilo Este in Coastal Intrusive Belt New project is bracketed along strike by porphyry Cu occurrences Application made for 27 exploration concessions, providing low cost entry Chancho al Palo drilling to commence by year end Latin American focused copper-gold explorer, Solis Minerals Ltd. is pleased to [...]
Solis Minerals Ltd. is pleased to announce that Mr. Michael Parker has been appointed Executive Director of the Company following his stewardship of the Company as Non-Executive Director since the ASX listing in December 2021. Mike will be responsible for the operation of the Company's exploration businesses in Latin America. Mike is a geologist by training and has been a member of the FAusIMM for 16 years. He has [...]
Solis Minerals Ltd. is pleased to present its Quarterly Report for the three months ending 31 May 2024 . HIGHLIGHTS Copper drill targets submitted for permitting in Chanco al Palo and Ilo Este, Southern Peru Magnetometry surveys at Guaneros, a newly acquired project, scheduled to start in first week in August Surface copper mineralisation identified at Cinto with a magnetometry survey programme commencing upon completion [...]
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