Solis Minerals (ASX:SLM) Mobilises Drill Rig to Peru
Drilling Program Commences
Solis Minerals has mobilised a diamond drill rig to its Chancho al Palo project in Peru, initiating a 2,500m drilling programme targeting porphyry and iron oxide copper-gold (IOCG) deposits. This marks the company’s first drilling at Chancho al Palo, situated in a renowned coastal copper belt.
Project Approvals and Surveys
The Ministry of Energy and Mines of Peru has approved the drill permit for the Ilo Este project, with a 5,000m drilling programme expected to start in June 2025. Additionally, an induced polarisation (IP) survey at the Cinto copper-gold project is nearing completion, with results anticipated in June 2025.
Executive Comments
Chief Executive Officer, Mitch Thomas, commented: “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. Our team has worked diligently to define high-priority targets, and we look forward to delivering the first-ever drill results from this highly prospective system in the coming weeks. These results will be complemented by the commencement of drilling at Ilo Este and the completion the IP program at Cinto. We are committed to maintaining a strong and consistent news flow across our high-quality copper-gold portfolio.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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