Solis Minerals (ASX:SLM) Commences Drilling in Peru
Drilling Commencement
Solis Minerals has received approvals to begin a drilling program of 2,500 meters with the scope to expand up to 7,500 meters at its Chancho al Palo copper-gold project in Peru. The drilling is expected to start imminently with a leading Peruvian contractor.
Project Details
The Chancho al Palo project, wholly owned by Solis Minerals, features significant chargeability targets identified through geophysical surveys. Assay samples will be processed at ALS Global’s laboratory in Lima. Permits for the Ilo Este target are anticipated in the coming weeks, allowing parallel drilling operations.
Future Outlook
The commencement of drilling at Chancho al Palo and the upcoming Ilo Este project are expected to generate strong news flow throughout 2025. Solis Minerals aims to identify copper-gold resources with the potential for large-scale mining in a leading copper-producing region.
Executive Comments
Chief Executive Officer, Mitch Thomas, stated, “Drilling commencement at Chancho al Palo marks the start of an exciting phase of growth for the Company. Following 12 months of detailed technical and permitting work by the experienced Solis Minerals team, targets will now be tested through a diamond core drilling program of up to 7,500 meters in Southern Peru.”
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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