Solis Minerals (ASX:SLM) Confirms New Copper-Gold Targets at Chocolate Project
New Copper-Gold Targets Identified at Chocolate Project
Solis Minerals Limited (ASX:SLM) has confirmed the discovery of two new copper porphyry and two vein-hosted IOCG targets at its Chocolate Project in southern Peru. The identification is based on rock geochemical assays from a recent magnetic drone survey, with notable sample grades including 4.92% copper and 2.47 g/t gold.
Executive Comments
Executive Director Mike Parker stated, “As our exploration teams continue investigating the extensive land package at Chocolate, we are discovering increasing evidence of mineralisation exposed at surface, with geophysical data indicating the potential for large mineral systems. Surface copper and gold grades, including IOCG sample 17397 (4.92% Cu and 2.47 g/t Au), highlight the exciting exploration potential as we refine our plans for further work at Chocolate. Even at this early exploration stage, we believe that Chocolate’s position between Ilo Este and Chancho Al Palo, along the same geological trend, is already enhancing the prospectivity of our Coastal Belt target zone. We will continue systematic exploration to identify drill targets and expand our highly prospective pipeline of drilling opportunities in the area.”
Future Exploration Plans
Solis Minerals plans to conduct further geophysical and geochemical surveys to refine and prioritise drill targets at the Chocolate Project. Additionally, the company is advancing its priority projects, Ilo Este and Chancho al Palo, with a drilling permit already granted by Peru’s Ministry of Energy and Mines for Chancho al Palo. The remaining approvals required to commence drilling are expected imminently, positioning Solis to expand its drilling operations in late 2025.
Motley Fool contributor Abbie Stokes 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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