Solaris Resources (TSX:SLS) Reports Record Highest Grades at Warintza, 100m of 1.64% CuEq Near Surface

Copper exploration company Solaris Resources (TSX:SLS) recently announced new assay drilling results from its Warinzta project in southeastern Ecuador. These results come from additional holes that actually increased the size of the “drilled defined envelope of mineralization” at the Warinzta Central location. 

 

Figure 1 – Long Section of Warintza Central Drilling Looking Southeast. Source: Solaris Resources

The drilling of these additional holes provided the area with the highest-grade intersection reported by Solaris to date, as well as high-grade extension to the northeast, south and southeast locations at the Warinzta project. 

As of today, Solaris has completed drilling 58 holes at Warinzta, and 49 of those holes have assays already reported. Mr. Jorge Fierro, Vice President of Exploration of Solaris explained that the initial resource growth drilling program for Warinzta is finally completed and touched on future drilling plans. 

“With this intensive program behind us, the focus of ongoing drilling has turned to pursuing the further extensions of near-surface, high-grade mineralization which remain open, with additional platforms allowing for more aggressive step-outs under construction,” said Fierro in a press release. 

Highlights of the drilling from Solaris are as follows: 

Drilling Returns Highest Grades Reported to Date in Emerging Northeast Extension that Remains Open:

  • SLS-42 was collared at the northeastern limit of the grid and drilled northeast into an entirely open volume, returning 740m of 0.60% CuEq¹ from 52m depth within a broader interval of 906m of 0.53% CuEq¹, extending mineralization in this direction where it remains open
  • SLS-49 was drilled southeast from the same platform and returned 396m of 0.70% CuEq¹ within a broader interval of 817m of 0.60% CuEq¹ from 50m depth, tying the northeast extension to the overlap between Warintza Central and East
  • SLS-48, was collared in an undrilled area ~200m west of SLS-49 and drilled south, returning 100m of 1.64% CuEq¹ from 50m depth, the highest-grade mineralization reported to date, within a broader interval of 852m of 0.56% CuEq¹, extending the near surface high-grade mineralization to the west in that area
  • These results expand Warintza Central by building on an emerging area of near surface, high-grade mineralization; follow-up drilling will pursue further growth by targeting the open areas to the north and northwest, with an additional platform being constructed to pursue further step-outs to the northeast

Drilling Extends Mineralization to Southeast that Remains Open:

  • SLS-45 was collared on the eastern side of the grid and drilled southeast into an entirely open volume, returning 236m of 0.56% CuEq¹ from 44m depth within a broader interval of 564m of 0.41% CuEq¹, extending mineralization to the southeast where it remains open
  • SLS-46 was collared from a southeastern platform and drilled southeast into a partially open volume, returning 168m of 0.69% CuEq¹ from 48m depth within a broader interval of 632m of 0.31% CuEq¹, extending mineralization in this direction where it remains open
  • SLS-47 was collared in the middle of the grid and drilled southeast to infill this area, returning 446m of 0.70% CuEq¹ from 48m depth within a broader interval of 811m of 0.51% CuEq¹, with mineralization remaining open to the south

Figure 2 – Plan View of Warintza Drilling Released to Date

Source: Solaris Resources

Figure 3 – Long Section of 3D Geophysics Looking Southwest

Source: Solaris Resources

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

By Matthew Evanoff

I cover the mining industry and the best mining stocks around the world. I write about industry news, individual companies, projects, management, and profiles on industry leaders.

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