Solaris Resources (TSX:SLS) (OTCQB:SLSSF) has reported new assay results this morning from its ongoing resource expansion drilling at its flagship Warintza project. The project is located in southeastern Ecuador and has been progression rapidly, with a focus on Waritnza Central.
Mr. Jorge Fierro, Vice President, Exploration, commented: “Warintza Central continues to expand, with the limits of the zone to the north, south and east yet to be found. Drilling planned over the coming months is focused on further extensional and step-out drilling, including establishing the potential link to the recently-discovered Warintza East zone, and discovery drilling at the other well-defined targets within the 7km x 5km Warintza cluster of porphyries.”
Highlights
- Three additional holes at Warintza Central, as detailed below, have extended the drill defined envelope of high-grade mineralization to the north, northeast and south, with the highest-grade mineralization encountered in all holes starting at or near surface (refer to Figures 1 & 2)
- SLS-30 was collared in the western portion of the Warintza Central grid and drilled into a partially open volume to the north, returning 372m of 0.82% CuEq¹ from surface, including 264m of 0.97% CuEq¹ from 42m depth, extending mineralization in this direction
- SLS-31 was collared in the middle of Warintza Central and drilled into an entirely open volume to the southeast, returning 1,000m of 0.81% CuEq¹ from near surface, including 768m of 0.90% CuEq¹ from 44m depth, extending mineralization to the south in this area
- SLS-32, stepped out approximately 165m northeast beyond the northern limit of drilling and drilled vertically into an open volume, returning 618m of 0.48% CuEq¹ from surface, including 372m of 0.64% CuEq¹ from 46m depth, broadening the width of the zone to the north
- To date, 44 holes have been completed at Warintza Central with assays reported for 32 of these
Table 1 – Warintza Central Assay Results
Hole ID | Date Reported | From (m) | To (m) | Interval (m) | Cu (%) | Mo (%) | Au (g/t) | CuEq¹ (%) | ||
SLS-32 | Oct 12, 2021 | 0 | 618 | 618 | 0.38 | 0.02 | 0.05 | 0.48 | ||
Including | 46 | 418 | 372 | 0.53 | 0.02 | 0.06 | 0.64 | |||
SLS-31 | 8 | 1008 | 1000 | 0.68 | 0.02 | 0.07 | 0.81 | |||
Including | 44 | 812 | 768 | 0.75 | 0.03 | 0.08 | 0.90 | |||
SLS-30 | 2 | 374 | 372 | 0.57 | 0.06 | 0.06 | 0.82 | |||
Including | 42 | 306 | 264 | 0.72 | 0.06 | 0.07 | 0.97 | |||
SLS-29 | Sep 7, 2021 | 6 | 1190 | 1184 | 0.58 | 0.02 | 0.05 | 0.68 | ||
SLS-28 | 6 | 638 | 632 | 0.51 | 0.04 | 0.06 | 0.68 | |||
SLS-27 | 22 | 484 | 462 | 0.70 | 0.04 | 0.08 | 0.91 | |||
SLS-26 | July 7, 2021 | 2 | 1002 | 1000 | 0.51 | 0.02 | 0.04 | 0.60 | ||
SLS-25 | 62 | 444 | 382 | 0.62 | 0.03 | 0.08 | 0.77 | |||
SLS-24 | 10 | 962 | 952 | 0.53 | 0.02 | 0.04 | 0.62 | |||
SLS-19 | 6 | 420 | 414 | 0.21 | 0.01 | 0.06 | 0.31 | |||
SLS-23 | May 26, 2021 | 10 | 558 | 548 | 0.31 | 0.02 | 0.06 | 0.42 | ||
SLS-22 | 86 | 324 | 238 | 0.52 | 0.03 | 0.06 | 0.68 | |||
SLS-21 | 2 | 1031 | 1029 | 0.63 | 0.02 | 0.04 | 0.73 | |||
SLS-20 | April 19, 2021 | 18 | 706 | 688 | 0.35 | 0.04 | 0.05 | 0.51 | ||
SLS-18 | 78 | 875 | 797 | 0.62 | 0.05 | 0.06 | 0.83 | |||
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 | ||
SLS-15 | 2 | 1231 | 1229 | 0.48 | 0.01 | 0.04 | 0.56 | |||
SLS-14 | 0 | 922 | 922 | 0.79 | 0.03 | 0.08 | 0.94 | |||
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 cannot be determined at this time. |
Table 2 – Collar Locations for New Drill Holes
Hole ID | Easting | Northing | Elevation (m) | Depth (m) | Azimuth (degrees) | Dip (degrees) |
SLS-32 | 800383 | 9648303 | 1422 | 831 | 0 | -89 |
SLS-31 | 799765 | 9648033 | 1571 | 1025 | 97 | -80 |
SLS-30 | 799667 | 9648029 | 1499 | 552 | 0 | -65 |
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. |
Source: Solaris Resources
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