Solaris Resources Inc. (TSX:SLS) (OTCQB:SLSSF) has reported the discovery of a substantial new porphyry deposit. This new find, the sixth major discovery at the Warintza Project in the southeastern region of Ecuador, is located at the Patrimonio target, to the southwest of Warintza Central.
This news comes as part of a reconnaissance mapping and sampling initiative that the Company has been undertaking in an area to the southwest of Warintza Central. Notably, the preliminary drill hole in this target has been concluded, yielding impressive results. The visual examination of SLSP-01 verified the unearthing of a significant new porphyry deposit that is rich with high concentrations of valuable minerals such as chalcopyrite, molybdenite, and pyrite.
The Patrimonio target was initially identified during the Company’s comprehensive mapping and sampling program, the details of which were released in a press release dated April 11, 2023. It’s important to note that this new porphyry deposit extends from the surface down to the end of the drill hole, providing an exciting opportunity for potential mineral extraction and economic development.
Solaris’s discovery signals a promising prospect for the company and underscores the rich mineral potential of the Warintza Project, a characteristic that continues to be unveiled as further exploration and drilling activities are undertaken.
Mr. Jorge Fierro, Vice President, Exploration, commented in a press release: “Patrimonio is an exciting, new discovery, unique in terms of the intensity of mineralization and alteration within the Warintza porphyry cluster. Together with the recent discovery of a second and higher-grade porphyry center to the south of Warintza East we now distinguish as Warintza Southeast, the Patrimonio discovery provides strong validation of our exploration approach of systematic soil sampling led by senior geologist, Keller Guerra, that has also identified areas of significantly stronger soil anomalism in the Warintza West and Warintza South areas for future exploration.”
Highlights from the results are as follows:
- Patrimonio represents the sixth major discovery within the Warintza porphyry cluster, after the original Warintza Central deposit discovered by the late David Lowell in 2000, and Solaris discoveries at Warintza West (February 2021), Warintza East (July 2021), Warintza South (January 2022), most recently Warintza Southeast (May 2023) and now Patrimonio
- Patrimonio is defined by an elongated north-south molybdenum anomaly measuring 1.5km x 0.5km enveloped by a copper anomaly extending west, with outcropping porphyry displaying pervasive potassic alteration and stockwork veining, located on the western side of an interpreted major north-south fault adjacent to Warintza Central
- SLSP-01 is the first reconnaissance hole to test the Patrimonio target and was drilled northwest to the maximum depth capacity of the KD-200 rig. The hole intersected stockwork veining and disseminated sulphide mineralization in intrusive and volcanic rocks from surface to the end of hole at 310m where the zone remains open
- Sulphide minerals at Patrimonio include pyrite, chalcopyrite and molybdenite with total sulphide abundances up to 10%, as much as two-times higher than previously logged at Warintza Central
- First assays from SLSP-01 are expected within four to six weeks. Follow-up drill holes SLSP-02, drilled southwest from the same platform, and SLSP-03, a northeast step-out testing the potential contact area between Patrimonio and Warintza Central, are already underway
- Preliminary interpretation places SLSP-01 in the high-temperature core of a sulphide-rich copper porphyry at Patrimonio, with follow-up drilling underway expected to aid in defining the architecture of the system and its relationship to Warintza Central
- The reader should be cautioned that only assay results from a laboratory can confirm whether concentrations of metals are present and, as such, visual core characterization presented herein should be viewed as speculative in nature
Table 1 – Collar Location
|Notes to table: The coordinates are in WGS84 17S Datum.|