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Solaris Reports 800m of 0.83% CuEq From Surface including 370m of 0.94% CuEq; Continued Expansion of Warintza Central

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Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) is pleased to report assay results from a series of additional holes from the ongoing resource growth and discovery diamond drilling program at its Warintza Project in south-eastern Ecuador.

 

Highlights are listed below, with corresponding images in Figures 1-2 and detailed results in Tables 1-2. An updated dynamic 3D model is available on the Company’s website.

 

Highlights

 

  • Three additional holes at Warintza Central, as detailed below, have returned long intervals of high-grade mineralization, with the highest grades starting from surface, extending mineralization between the western and eastern drilling and stepping out to the north and south
  • SLS-17 was collared on the western side of Warintza Central and drilled into an entirely open volume to the south, returning 494m of 0.50% CuEq¹ from surface, extending the southern limit of mineralization in this direction
  • SLS-18 was collared on the western side of Warintza Central and drilled into an open volume to the southeast, returning 797m of 0.83% CuEq¹ from near surface, including 370m of 0.94% CuEq¹, adding mineralization between the western and eastern drilling at Warintza Central
  • SLS-20 was collared on the eastern side of Warintza Central and drilled into an entirely open area to the north, returning 688m of 0.51% CuEq¹ from surface, including 366m of 0.60% CuEq¹, extending the limit of mineralization in this direction
  • To date, 28 holes have been drilled at Warintza Central with results reported for 19 of these; results for SLS-19 were delayed by geotechnical issues during drilling but are expected in the near future

 

Mr. Jorge Fierro, Vice President, Exploration, commented: “Our drilling continues to demonstrate significant extensions of mineralization at Warintza Central with the latest results expanding the drilled envelope to the north and south and further establishing continuity between the eastern and western drilling areas. Warintza Central remains open in all directions. Maiden drilling targeting new discoveries at Warintza East and South will commence this quarter in conjunction with continued drilling at Warintza Central.”

 

 

Table 1 – Warintza Central Assay Results

 

Hole ID Date Reported From (m) To (m) Interval (m) Cu (%) Mo (%) Au (g/t) CuEq¹ (%)
SLS-20 April 19, 2021 18 706 688 0.35 0.04 0.05 0.51
Including 18 384 366 0.44 0.04 0.04 0.60
SLS-18 78 875 797 0.62 0.05 0.06 0.83
Including 80 450 370 0.71 0.05 0.07 0.94
SLS-17 12 506 494 0.39 0.02 0.06 0.50
SLS-16 Mar 22, 2021 20 978 958 0.63 0.03 0.06 0.77
Including 358 844 486 0.70 0.03 0.07 0.84
SLS-15 2 1231 1229 0.48 0.01 0.04 0.56
Including 2 1004 1002 0.52 0.01 0.04 0.60
Including 2 696 694 0.57 0.02 0.05 0.67
SLS-14 0 922 922 0.79 0.03 0.08 0.94
Including 34 884 850 0.82 0.03 0.08 0.98
Including 52 836 784 0.84 0.03 0.09 1.00
SLS-13 Feb 22, 2021 6 468 462 0.80 0.04 0.09 1.00
SLS-12 22 758 736 0.59 0.03 0.07 0.74
SLS-11 6 694 688 0.39 0.04 0.05 0.57
SLS-10 2 602 600 0.83 0.02 0.12 1.00
SLS-09 122 220 98 0.60 0.02 0.04 0.71
SLS-08 Jan 14, 2021 134 588 454 0.51 0.03 0.03 0.62
SLS-07 0 1067 1067 0.49 0.02 0.04 0.60
SLS-06 Nov 23, 2020 8 892 884 0.50 0.03 0.04 0.62
SLS-05 18 936 918 0.43 0.01 0.04 0.50
SLS-04 0 1004 1004 0.59 0.03 0.05 0.71
SLS-03 Sep 28, 2020 4 1014 1010 0.59 0.02 0.10 0.71
SLS-02 0 660 660 0.79 0.03 0.10 0.97
SLS-01 Aug 10, 2020 1 568 567 0.80 0.04 0.10 1.00
Notes to table: Grades are uncut and true widths have not been determined.

 

Table 2 – Collar Locations for New Drill Holes

 

Hole ID Easting Northing Elevation (m) Depth (m) Azimuth (degrees) Dip (degrees)
SLS-20 800124 9648035 1580 816.35 0 -75
SLS-18 799676 9648117 1443 875.12 100 -70
SLS-17 799765 9648033 1571 788.97 180 -80
Notes to table: The coordinates are in WGS84 17S Datum.

 

Note to Figure 1: Figure looks northeast and depicts high-conductivity geophysical anomaly (defined at 100 ohm-m) generated from 3D inversion of electromagnetic data, encompassing from left to right Warintza West, Central, East and the newly-discovered Yawi target (Warintza South lies off image to south).

 

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 in Quito, Ecuador. 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. ALS Labs is independent from Solaris. In addition, selected pulp check samples are sent to Bureau Veritas lab in Lima, Peru. 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.

 

Qualified Person

 

The scientific and technical content of this press release and the sampling, analytical and test data underlying the scientific and technical content has been compiled, reviewed, approved, and verified 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. The data was verified using data validation and quality assurance procedures under high industry standards. ZTEM data quality was validated by a qualified external professional.

 

About Solaris Resources Inc.

 

Solaris is advancing a portfolio of copper and gold assets in the Americas, which includes: a high-grade resource with expansion and additional discovery potential at the Warintza copper and gold project in Ecuador; discovery potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco projects in Peru; exposure to US$130M spending / 5-yrs through a farm-out agreement with Freeport-McMoRan on the Ricardo Project in Chile; and significant leverage to increasing copper prices through the 60%-interest in the development-stage La Verde joint-venture project with Teck Resources in Mexico.

 

 


Figure 1 – Long Section of 3D Geophysics Looking Northeast (CNW Group/Solaris Resources Inc.)

 

 


Figure 2 – Plan View (CNW Group/Solaris Resources Inc.)

 

Posted April 19, 2021

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