Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) has moved to unlock the copper potential of the Guaneros Project in Peru with a drone-borne magnetometry survey over the newly staked tenure, scheduled to be flown in early August.
This survey will offer an important initial insight into the project’s geology, guiding SLM’s successive exploration programs by highlighting anomalous regions prospective for copper mineralisation.
The company intends to follow up any promising targets with a ground-based induced polarisation (IP) survey, informed by ongoing geochemical sampling and mapping by SLM ground teams.
Drilling across all four Peru projects
“We are starting to gain some real momentum now in the exploration programmes on our quality copper portfolio in Peru,” Solis Minerals executive director Matthew Boyes said.
“Airborne mag surveys are a great tool to assist with the initial targeting of the first drill holes at Guaneros.
“In conjunction with IP surveys and geochemical surveys we hope to start to see target generation similar to our Ilo Este and Chancho Al Palo targets on a prospective trend a few kilometres to the southeast and northwest respectively.
“Ilo Este in particular has an outstanding magnetic and IP geophysical signature combined with surface mineralisation in altered porphyry rocks.
“Guaneros is a new project for Solis, which was pegged in early May. I am looking forward to seeing the first results and advancing the target.
“We are advancing our four project areas in Peru and aim to have them aligned to be drilled sequentially, starting firstly with Chancho Al Palo as early as December this year, depending on permitting.”
Drilling to begin at Chancho Al Palo
Solis is advancing Guaneros as the fourth project area targeted for copper porphyry in southern Peru, alongside the Il Este, Ilo Norte and Cinto projects.
The first three projects sit along the Coastal Belt, a geological structure Solis has identified as being prospective for copper porphyry, as it hosts the Ilo Este and Chancho Al Palo drill targets.
Solis tenements in the prospective coastal belt of Peru with existing deposits and regional geology.
Read: Solis Minerals refines copper targets at Chancho al Palo and Ilo Este in Peru
The company intends to drill test all four projects consecutively into 2025, beginning with Chancho Al Palo later this year (subject to permitting) and then moving through Ilo Este, Cinto, and Guaneros from 2025 onwards.
SLM says it will also continue to develop its portfolio of tenements along the Peruvian coast, investigating drill targets in a progressive pipeline based on potential for mineralisation, while also advancing lithium and copper opportunities throughout South America.