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Solaris Resources (TSX:SLS) (NYSEAmerican:SLSR) has successfully completed joint socialization programs with government entities and local communities to support the initial exploration activities of its district exploration programs at the Warintza Project in southeastern Ecuador. This initiative marks a major step in Solaris’s efforts to advance its exploration projects in the region.
These socialization programs aim to create understanding and support for the company’s initial exploration activities. Members of local communities, as well as representatives from canton and provincial governments and key ministries of the national government, attended the sessions. Solaris presented its proposed exploration activities, emphasizing commitments to local hiring and contracting, education, technical training, capacity building, and community relations and environmental management programs.
The success of these socialization programs provides a template for Solaris’s broader ambitions in the northern Zamora belt. The company intends to secure a joint venture partner to further its exploration efforts in this area.
Mr. René Cuesta, delegate of the Ministry of Energy and Mines, commented in a press release: “These types of meetings show us that it is possible to do mineral exploration in a united way: society, community, company and government. I congratulate the Company and communities because communicating ratifies work in mutual harmony without discrepancies. This shows that the Company works for the development of the communities, and for the good of Limón Indanza canton, Morona Santiago province and Ecuador.”
Mr. Cristian León, delegate of the Ministry of the Environment stated: “We see that the process of socialization has been carried out with total transparency, complying with the previous processes of call and information. It is gratifying to see that the community, cantonal and provincial authorities all participated enthusiastically in this socialization. This is a demonstration of responsibility and commitment on all sides.”
Mr. Jorge Valverde, Political Head of the Limón Indanza canton, also commented in the release: “Socialization with the communities is very important since all the work that will be carried out by the Company is informed by their input. The communities have to understand what the processes are, the way of working and how the hiring will be carried out. I am representing the Governor, and I am very satisfied to see that people are accepting this information provided by the Company.”
Mr. Federico Velásquez, President Latin America of Solaris added: “Engaging with local communities ensures their concerns are central to our planning and enhances the benefits of our activities. Our exploration creates economic opportunities, supports local businesses, and advances community development. This approach aligns with community values, promotes sustainable growth, and demonstrates our commitment to responsible mining.”
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Following the successful socialization programs, geotechnical drilling has commenced at the Caya-Mateo target. This drilling is expected to provide important geological information to aid in more focused targeting efforts and subsequent discovery drilling. Meanwhile, fieldwork continues in the Celestina epithermal gold/silver area, where prior sampling returned significant values of up to 11,570 grams per tonne (g/t) of silver and 12.3 g/t of gold across a 30cm breccia outcrop. The next batch of results from this fieldwork is expected soon.
In addition to this, Solaris Resources recently reported an In-Pit Mineral Resources Estimate (MRE) for the Warintza Project on July 22, 2024. The ongoing mineral resource drilling includes over 30,000 meters in the second half of 2024, targeting open extensions and upgrading mineral resources to support a Pre-Feasibility Study (PFS) scheduled for the second half of 2025. Concurrent district exploration programs aim to discover complementary deposits from an expanded portfolio of epithermal gold/silver and porphyry copper targets.
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