Solis Minerals Limited has announced an update pertaining to its 100% owned Chancho al Palo project in Peru.
A diamond drill rig has arrived at Chancho al Palo supported by leading local drilling company, AKD International. The Chancho al Palo diamond drill programme comprises approximately 2,500 metres across several priority targets, designed to test multiple anomalies identified during surface mapping, sampling and geophysics.
“The Company is pleased to report that the drill rig has safely arrived at Chancho al Palo,” Chief Executive Officer Mitch Thomas, commented. “This will be the first time the concession has been drilled, and we’re targeting a series of compelling porphyry and IOCG anomalies identified through geochemical and geophysical work.
“Importantly, Chancho al Palo is located 10 kilometres from the coast and 25 kilometres from Southern Copper’s smelter and refinery complex. Southern Copper is Peru’s largest copper producer and holds tenements adjacent to Chancho al Palo, further validating the geological potential of the area.
“We expect assay results in July 2025 and look forward to building on this momentum with drilling at Ilo Este, anticipated to commence in June pending final permits. I am travelling to Peru this weekend to oversee commencement of drilling at our Chancho al Palo and Ilo Este projects.
“It’s an exciting period as we systematically test high-priority targets across our Peruvian portfolio.”
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