New assay results from Solaris Resources’ (TSX:SLS) Waritnza East discovery have return long intervals of copper prphyry mineralization from surface, from the first two holes. The high-grade links identified between Warintza East and Warintza Central is now being targeted, as this area to the north may yield a higher-grade mineralization.
Highlights
- The first two holes at Warintza East, as detailed below, both returned long intervals of copper porphyry mineralization from surface across a significant portion of the undrilled gap to Warintza Central, suggesting potential continuity between the two zones
- Visual observation of mineralization in the second hole and step-out drilling completed northeast of Warintza Central suggest an offset in the east-west corridor of higher-grade mineralization to the north that is being targeted in ongoing drilling
- SLSE-01, collared approximately 1,300m east of Warintza Central and drilled to the southwest, returned 396m of 0.42% CuEq¹ from surface, with the full length of the hole of 1,213m assaying 0.28% CuEq¹
- SLSE-02, collared from the same platform but drilled to the northwest, returned 320m of 0.48% CuEq¹, including 62m of 0.68% CuEq¹ from surface, from the first 320m of core for which assays have been received, with the last 10m of the interval grading 0.47% CuEq¹
- Visual observation of core from SLSE-02 suggests that a much broader interval of mineralization may exist than the portion for which assays have been received and reported herein; remaining assays are expected in October, along with the results of step-out drilling from Warintza Central
- Warintza East is the third major discovery within the 7km x 5km Warintza porphyry cluster and is defined by coincident copper and molybdenum soil anomalies, measuring approximately 1,200m in strike, and a high-conductivity geophysical anomaly that extends from the target through Warintza Central (refer to Figure 1)
Figure 1 – Long Section of 3D Geophysics Looking Northeast
Figure 2 – Plan View Showing Wartinza East Drill Hole Traces
Table 1 – Warintza East Results
Hole ID | Date Reported | From (m) | To (m) | Interval (m) | Cu (%) | Mo (%) | Au (g/t) | CuEq¹ (%) |
SLSE-02 | September 27, 2021 | 0 | 320 | 320 | 0.39 | 0.02 | 0.04 | 0.48 |
Including | 0 | 62 | 62 | 0.59 | 0.01 | 0.06 | 0.68 | |
SLSE-01 | 0 | 1213 | 1213 | 0.21 | 0.01 | 0.03 | 0.28 | |
Including | 0 | 396 | 396 | 0.33 | 0.02 | 0.04 | 0.42 | |
Notes to table: True widths cannot be determined at this time. |
Table 2 – Collar Location
Hole ID | Easting | Northing | Elevation (m) | Depth (m) | Azimuth (degrees) | Dip (degrees) |
SLSE-02 | 801485 | 9648192 | 1170 | 1191 | 275 | -50 |
SLSE-01 | 801485 | 9648192 | 1170 | 1213 | 260 | -45 |
Notes to table: The coordinates are in WGS84 17S Datum. |
(1) | No adjustments were made for recovery as the project is an early-stage exploration project and metallurgical data to allow for estimation of recoveries is not yet available. Solaris defines copper equivalent calculation for reporting purposes only. Copper-equivalence calculated as: CuEq (%) = Cu (%) + 3.33 × Mo (%) + 0.73 × Au (g/t), utilizing metal prices of Cu – US$3.00/lb, Mo – US$10.00/lb and Au – US$1,500/oz. |
Mr. Jorge Fierro, Vice President, Exploration, commented: “With this latest discovery at Warintza East and the growing footprint of Warintza Central to the north and east returning some of the strongest intervals reported to date, the conceptual pit shell is expected to be extended to the north and east showing the potential to ultimately become one multi-kilometre ‘superpit’ joining the two areas. Future drilling will focus on the open, undrilled area between these two zones.”
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