Solis Minerals Mobilizes Drill Rig for Major Copper-Gold Project in Peru
Solis Minerals has mobilized a drill rig to its Chancho al Palo project in Peru, starting a 2,500-meter program targeting copper-gold resources. The company also has approved drill permits for the Ilo Este project and is nearing the completion of an IP survey at the Cinto project. CEO Mitch Thomas emphasizes the potential and expectations for upcoming drilling results.
Solis Minerals Limited has announced the mobilization of a diamond drill rig to its Chancho al Palo copper-gold project in Peru. This initiative is part of a planned 2,500-meter diamond drilling program targeting a variety of copper-related anomalies identified during previous geological surveys. The project, wholly owned by Solis, is strategically positioned in a key coastal copper belt, which includes other prominent operations such as AusQuest’s Cangallo and Southern Copper’s Tia Maria.
Expected to begin next month, the drilling program at Chancho al Palo represents a significant milestone in the company’s strategy. This will be the first drilling effort at this site, targeting specific anomalies that have emerged from surface mapping and geophysical investigations. Solis aims to unlock value from its array of copper-gold ventures in southern Peru.
In addition to the Chancho al Palo project, the Ministry of Energy and Mines of Peru has approved drill permits for the Ilo Este project—located approximately 20 kilometers from Chancho al Palo. There are plans for a larger 5,000-meter drilling program at Ilo Este, set to commence in June, pending final approvals.
At the same time, an induced polarization (IP) survey at the Cinto project, another entirely owned venture by Solis, is nearing its completion. Cinto is adjacent to Southern Copper’s Toquepala mine, which has been operational since 1960 and produced a substantial copper output in 2024. Mining experts consider the surface mineralization at Cinto to be consistent with that of Toquepala, adding to its exploration significance.
Solis Minerals’ CEO, Mitch Thomas, expressed enthusiasm over the launch of their inaugural drilling campaign at Chancho al Palo, describing the project as having considerable potential within a leading copper-producing region. Thomas stated, “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.”
With drilling activities ramping up at multiple projects, the company aims to maintain a robust flow of updates regarding its exploration efforts. In total, Solis holds extensive mining concessions in South America, amounting to around 69,200 hectares. The firm is propelled by a seasoned team eager to capitalize on opportunities in this mineral-rich region.
Additionally, stakeholders are reminded that forward-looking statements in this announcement reflect management’s current expectations and assumptions that are subject to various uncertainties that could significantly affect actual outcomes. The technical information in this announcement was reviewed by Michael Parker, Technical Director and Fellow of the Australian Institute of Mining and Metallurgy, ensuring accuracy in reporting geological data.
In conclusion, Solis Minerals is set to commence significant drilling operations in Peru aimed at exploring and potentially unlocking high-grade copper resources. With important geological assessments underway, the company is optimistic about the prospects of its projects and the forthcoming results from its drilling activities.
In summary, Solis Minerals is mobilizing its drilling rig to the Chancho al Palo project in Peru, aiming to explore significant copper-gold targets. With additional projects in Ilo Este and Cinto nearing development, the Company showcases ambition and potential growth in a key mining region. The forthcoming drill results hold promise for advancing Solis’s portfolio and unlocking new opportunities in the copper sector.
Original Source: www.newsfilecorp.com
