Solaris Resources Inc. (TSX: SLS) (NYSE: SLSR) is pleased to report drill results from the ongoing 2024 drilling program at its Warintza Project in southeastern Ecuador. These include the final assays for inclusion in the updated mineral resource estimate which is expected to be released this month. Highlights are listed below with a corresponding image in Figure 1 and results in Tables 1-2.
Highlights
Figure 1 – Plan View of Drilling to Date
Table 1 – Assay Results
Hole ID | Date Reported | From (m) | To (m) | Interval (m) | Cu (%) | Mo (%) | Au (g/t) | CuEq¹ (%) |
SLS-79 | July 09, 2024 | 15 | 263 | 248 | 0.41 | 0.02 | 0.05 | 0.50 |
Including | 54 | 132 | 78 | 0.52 | 0.01 | 0.05 | 0.60 | |
SLS-78 | 72 | 186 | 114 | 0.54 | 0.02 | 0.07 | 0.65 | |
Including | 93 | 171 | 78 | 0.58 | 0.02 | 0.08 | 0.70 | |
SLS-77 | 0 | 273 | 273 | 0.43 | 0.02 | 0.10 | 0.57 | |
Including | 21 | 129 | 108 | 0.56 | 0.02 | 0.10 | 0.70 | |
SLSE-36 | 0 | 325 | 325 | 0.40 | 0.02 | 0.05 | 0.51 | |
Including | 177 | 325 | 148 | 0.58 | 0.03 | 0.07 | 0.72 | |
Including | 291 | 325 | 34 | 0.76 | 0.03 | 0.08 | 0.90 | |
SLSP-04 | 30 | 204 | 174 | 0.25 | 0.02 | 0.06 | 0.35 | |
Including | 104 | 152 | 48 | 0.30 | 0.02 | 0.08 | 0.43 | |
SLSP-03 | 0 | 310 | 310 | 0.10 | 0.01 | 0.04 | 0.14 | |
SLST-03 | 16 | 1044 | 1028 | 0.24 | 0.01 | 0.03 | 0.30 | |
Including | 646 | 958 | 312 | 0.51 | 0.02 | 0.06 | 0.62 |
Notes to table: True widths are interpreted to be very close to drilled widths due to the bulk-porphyry style mineralized zones at Warintza.
Table 2 – Collar Locations
Hole ID | Easting | Northing | Elevation (m) |
Depth (m) |
Azimuth (degrees) |
Dip (degrees) |
SLS-79 | 800197 | 9648470 | 1340 | 263 | 270 | -88 |
SLS-78 | 800197 | 9648469 | 1340 | 220 | 270 | -65 |
SLS-77 | 800439 | 9648493 | 1271 | 324 | 320 | -85 |
SLSE-36 | 801529 | 9647848 | 1154 | 325 | 220 | -85 |
SLSP-04 | 799364 | 9647811 | 1526 | 309 | 145 | -60 |
SLSP-03 | 799349 | 9647450 | 1627 | 310 | 40 | -65 |
SLST-03 | 800192 | 9647550 | 1592 | 1123 | 330 | -50 |
Notes to table: The coordinates are in WGS84 17S Datum.
Endnotes
Technical Information and Quality Control & Quality Assurance
Sample assay results have been independently monitored through a quality control/quality assurance program that includes the insertion of blind certified reference materials (standards), blanks and field duplicate samples. Logging and sampling are completed at a secured Company facility located on site. Drill core is cut in half on site and samples are securely transported to ALS Labs in Quito. Sample pulps are sent to ALS Labs in Lima, Peru and Vancouver, Canada for analysis. Total copper and molybdenum contents are determined by four-acid digestion with AAS finish. Gold is determined by fire assay of a 30-gram charge. In addition, selected pulp check samples are sent to Bureau Veritas lab in Lima, Peru. Both ALS Labs and Bureau Veritas lab are independent of Solaris. Solaris is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein. Details on the surface sampling conducted at the Project are set out in the technical report titled, “NI 43-101 Technical Report for the Warintza Project, Ecuador (Amended)” with an effective date of April 1, 2022, prepared by Mario E. Rossi and available on the Company’s SEDAR+ profile and website. The drillhole data has been verified by Jorge Fierro, M.Sc., DIC, PG, using data validation and quality assurance procedures under high industry standards.
Qualified Person
The scientific and technical content of this press release has been reviewed and approved by Jorge Fierro, M.Sc., DIC, PG, Vice President Exploration of Solaris who is a “Qualified Person” as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects. Jorge Fierro is a Registered Professional Geologist through the SME (registered member #4279075).
About Solaris Resources Inc.
Solaris is advancing a portfolio of copper and gold assets in the Americas, which includes a world class copper resource with expansion and discovery potential at its Warintza Project in Ecuador; a series of grass roots exploration projects with discovery potential in Peru and Chile; and significant leverage to increasing copper prices through its 60% interest in the La Verde joint-venture project with a subsidiary of Teck Resources in Mexico.
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