Solis Minerals Receives Permits for Drilling at Ilo Este Copper-Gold Project in Peru

Solis Minerals Ltd has achieved a significant milestone in its exploration endeavors with the receipt of all necessary permits to commence drilling at its Ilo Este copper-gold project in southern Peru. Situated in one of the world's most productive mining regions, the project holds immense promise, with extensive geochemical analysis, geophysical surveys, and historical drilling data pointing to high-priority targets.

The planned diamond drilling program, set to kick off this month, will consist of approximately 5,000 meters of drilling across 10 holes. These targets are strategically located near the coast and benefit from ready access to vital infrastructure, crucial for potential future mining operations. Solis Minerals CEO Mitch Thomas highlighted the project's significant promise, citing the extent of at-surface geochemistry, strong geophysical targets, and peripheral historical drilling with geologically significant copper-gold results.

Key Takeaways:

• Solis Minerals has received all necessary permits to start drilling at the Ilo Este copper-gold project in southern Peru, marking an "exciting phase of exploration" according to CEO Mitch Thomas.
• The drilling program will consist of approximately 5,000 meters of drilling across 10 holes, aimed at targeting high-priority areas identified through geochemical analysis, geophysical surveys, and historical drilling data.
• The project is strategically located near the coast, with access to vital infrastructure, which is crucial for potential future mining operations.
• Ilo Este is situated in one of the world's most productive mining regions, the coastal copper belt of southern Peru, hosting major international copper producers such as Southern Copper, Teck, and Anglo American.
• Previous drilling has intersected sulphide mineralisation, while recent geophysical surveys have outlined a large-scale, high-chargeability anomaly at depths ranging from 100 to 500 meters below the surface.
• The location of Ilo Este, with its proximity to the port city of Ilo, is expected to support the economic viability of any future developments.

Statistics:

• The drilling program will consist of approximately 5,000 meters of drilling across 10 holes.
• Ilo Este is situated in a 3-square-kilometer area, with visible copper oxides such as malachite recorded at surface.
• Previous drilling has intersected sulphide mineralisation at Ilo Este.

Sources:

• Australian Stock Exchange (ASX)
• Vancouver Stock Exchange (TSX-V)
• US-based OTC Markets (OTCQB)
• Solis Minerals Ltd (official press release)