Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) has been busy on the trail of high-grade copper at the Cinto Project in Peru, where it has recently wrapped up a first pass geochemical program.
Access and first pass
The company has also struck an access deal with the local Carumbraya community to fast-track drill exploration at the location.
Next up is a systematic mapping and sampling of outcropping copper mineralisation.
Some surface grab samples from Cinto have delivered results of up to 7.14% copper, with mineralisation mapped over a 200-metre by 100-metre area in historical workings associated with considerable alteration and structural deformation.
Large structures are evident in a 100-metre-wide exposed area with abundant copper oxide mineralisation in historical artisanal workings.
Massive porphyry system nearby
This find is well positioned on the boundary of the regional-scale transcurrent Incapuquio fault system, which forms a structural corridor related to the massive Toquepala porphyry system 10 kilometres to the northwest.
The geochemical signature and base metal concentration ratios of the samples align closely with the Toquepala deposit, suggesting the presence of porphyry-style mineralisation at Cinto.
SoIis is now deploying the drone magnetometer and conducting follow-up geological mapping to guide drill permitting.
Executive director Matthew Boyes said: “We are very pleased to have commenced exploration activities at Cinto, its location and initial geochemical rock chip results are extremely compelling.
Copper mineralisation present
“I am most excited about the geochemical signature we are seeing which demonstrates that copper mineralisation is present with associated metals in very similar corresponding concentrations to the mineralisation present at the massive Toquepala deposit, potentially indicating that the mineralisation at surface is located in close proximity to a large porphyry system.
“I am looking forward to commencing geophysical programs in conjunction with a detailed mapping program and applying for permits for the first pass drill program. Our Peruvian assets have been significantly underexplored for too long.
“We now have a pipeline of very high-quality drill targets at Ilo Este and Chancho al Palo which are both being permitted for drilling. Cinto is now shaping up to be an equally significant high-quality exploration target.”