Solis Minerals Limited (ASX: SLM) (“Solis” or the “Company”) is pleased to announce an update on exploration activities at the Guaneros Project in Peru.
Solis has contracted a geophysical contractor to carry out a maiden drone airborne magnetometry survey to assist in fast-tracking target generation, identify zones for further geophysical follow-up, and formulate the drill permitting application. Airborne magnetometry is useful in detecting the presence of magnetite in the subsurface that can be a vector for porphyry alteration.
Executive Director, Matthew Boyes, commented: “We are starting to gain some real momentum now in the exploration programmes on our quality copper portfolio in Peru. Airborne mag surveys are a great tool to assist with the initial targeting of the first drillholes at Guaneros. In conjunction with IP surveys and geochemical surveys we hope to start to see target generation similar to our Ilo Este and Chancho Al Palo targets on a prospective trend a few kilometres to the south-east and north-west respectively. Ilo Este in particular has an outstanding magnetic and IP geophysical signature combined with surface mineralisation in altered porphyry rocks.
“Guaneros is a new project for Solis, which was pegged in early May. I am looking forward to seeing the first results and advancing the target. We are advancing our four project areas in Peru and aim to have them aligned to be drilled sequentially, starting firstly with Chancho Al Palo as early as December this year, depending on permitting."
Contact details:
Jon Cuthbert
0402075707