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Be the first with the news that moves the market- Solaris Resources (SLS) has expanded copper mineralization near the surface at its Warintza project in Ecuador
- recent drilling done on the project’s indicative starter pit northeastern extension found trace, but ongoing, amounts of copper mineralization
- One hole successfully expanded the Warintza central zone to the north, where the deposit remains open
- Also, another hole connected mineralization in the northeast extension to the Warinzta central zone
- More assays are pending, and additional sampling programs have been planned for the project
- Solaris Resources (SLS) is up 6.04 per cent trading at $5.44 per share as of 11:55 a.m. ET
Solaris Resources (SLS) has expanded copper mineralization near the surface at its Warintza project in Ecuador.
Specifically, recent drilling done on the project’s indicative starter pit northeastern extension found trace, but ongoing, amounts of copper mineralization. Four holes returned up to 0.82 per cent copper equivalent, and the company reiterated that these findings were all close to the surface.
Successfully expanded and connected zones
According to SLS, hole SLS-70 successfully expanded the Warintza central zone to the north, where the deposit remains open. Moreover, hole SLS-69 connected mineralization in the northeast extension to the Warinzta central zone.
Assays are pending from two follow-up step-out platforms on the Warintza east zone, which are testing the zone even further to the northeast. SLS stated that it has planned additional platforms for construction when the weather improves.
“In addition, a major program of reconnaissance sampling that commenced last summer has identified new areas of well-mineralized outcrop in previously inaccessible terrain adjacent to the Warintza Central and Warintza East deposits that present opportunities for additional discoveries, with further details to be released shortly,” Jorge Fierro, SLS’s Vice President of Exploration, said.
The company’s indicative starter pit is estimated to have 287 million tonnes of resource feed, indicated and inferred, with a grade average of roughly 0.77 per cent.
Solaris Resources (SLS) is up 6.04 per cent, trading at $5.44 per share as of 11:55 a.m. ET.
