Solis Minerals Ltd. has mobilized a drill rig to its Chancho al Palo project in Peru, with a 2,500-meter drilling program set to start soon. Approval for drilling at Ilo Este has also been granted, with a 5,000-meter program expected in June 2025. An IP survey at the Cinto project is nearing completion, and results are anticipated in the same month, indicating a robust exploration strategy in place.
Solis Minerals Limited has officially begun the mobilization of a diamond drill rig to its Chancho al Palo copper-gold project in Peru, an important step in the company’s ongoing exploration efforts. Set within a rich coastal copper belt alongside other notable projects, Solis’s drilling program aims to cover around 2,500 meters and target various high-potential anomalies identified through recent geological surveys. It is expected that drilling will start in the coming days, marking a significant milestone in mining endeavors for the company.
The Chancho al Palo project is completely owned by Solis and is thought to hold substantial mineral potential. These forthcoming drill endeavors will be the first for the project, which places it under considerable scrutiny as the company seeks to ascertain its value. Recent groundwork involving mapping and sampling has laid the groundwork for addressing several intriguing anomalies identified in the area.
In a related development, the Ilo Este mining project, also under the guidance of Solis, has received essential drill permit approval from the Ministry of Energy and Mines of Peru. Situated approximately 20 kilometers from Chancho al Palo, Ilo Este will also see a diamond drilling program expected to begin in June 2025, which could encompass around 5,000 meters of drilling. This represents yet another effort by Solis to solidify its presence in Peru’s lucrative copper landscape.
Meanwhile, an induced polarization (IP) survey at the Cinto project—a site located near Southern Copper’s expansive Toquepala mine—is nearing completion. Interestingly, the Toquepala mine has produced substantial copper outputs over many years. The results from this survey are anticipated to be released in June, adding further context to Solis’s overall exploration activities in the region.
Solis Mineral’s CEO, Mitch Thomas, shared strong optimism regarding the first drilling campaign at Chancho al Palo. “We are excited to launch our maiden drill campaign at Chancho al Palo, a project with significant potential in one of the world’s premier copper-producing regions,” he stated. The anticipation surrounding these initial results reflects the company’s strategic commitment to its copper-gold projects in South America.
The company, which holds 69,200 hectares in concessions across various locations, is positioning itself to capitalize on the ongoing growth in copper opportunities in this resource-rich area. With an experienced leadership team at the helm, Solis is actively focusing on unlocking value within its portfolio. This latest announcement reinforces their dedication to advancing exploration while maintaining a steady flow of information regarding their ongoing projects.
Stakeholders and potential investors are reminded that the news release contains forward-looking statements subject to various risks and uncertainties typical of the mining sector. Detailed information about the nature and extent of these risks is available in further corporate filings on SEDAR+ at www.sedarplus.ca, for anyone interested in a deeper dive into the specifics of their operational landscape.
Solis Minerals has made significant strides in advancing its exploration projects in Peru, particularly with the mobilization of a drill rig at Chancho al Palo. Upcoming drilling activities at this site and Ilo Este reflect the company’s strategic goals within the competitive copper market. As they progress, results from these efforts, alongside the ongoing IP survey at Cinto, are eagerly awaited to gauge the potential success of these endeavors.
Original Source: www.newsfilecorp.com
