Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) earlier this week released 3D geophysical modelling for the Cucho Project in Peru, confirming drill targets ahead of a planned 2026 campaign.
The company said the model integrates historic datasets including seven drill holes, geochemical mapping, and geophysical surveys. It noted that all previous drill holes encountered mineralisation.
Solis said the 3D model brings together this legacy data to help refine drill targeting. It added that the results have reinforced its confidence in the project and helped prioritise zones for follow-up.
CEO Mitch Thomas told Proactive the modelling exercise “put an underline” under the company’s excitement to drill the project. He said, “We’re really keen to drill this thing and there are some very, very valid targets that we have.”
Solis also announced that a drone-borne magnetic survey will begin in the coming weeks. The company said the survey will replace outdated magnetometer data collected 10 to 12 years ago and will support drill planning. It described the campaign as part of a step-by-step exploration progression toward 2026.
Looking ahead, Solis said it expects a strong close to the 2025 calendar year. It is waiting on assay results from two other drilling programs completed this year. Results will be released once all samples have been received and processed.
In addition, the company said it is in the final stages of securing government approvals for the Santos project. Thomas said daily communication is underway with local authorities and all indications suggest that results are imminent.
Solis expects the outcomes from Cucho, Santos, and the ongoing assay campaigns to position the company for a busy 2026 exploration season.
Proactive:
Welcome back to Proactive Newsroom. I'm now joined by Solis Minerals CEO Mitch Thomas. Welcome back, Mitch.
Mitch Thomas:
Yep, good to see you again, Fouad.
Proactive:
Great to have you on board, Mitch, as always. You've released 3D geophysical modelling from the Cucho Project in Peru. That's been well received by the market this morning. What's been confirmed in the model?
Mitch Thomas:
Just as a refresher, Cucho is a project we picked up in October, following extensive previous work. The real beauty of the project is that there’s already been significant drilling — seven drill holes — and each of them encountered mineralisation.
We also had magnetometer data, IP surveys, and extensive geochemical mapping. So we were sitting on a lot of data. As we look to drill next year, we wanted to do our own assessment.
The benefit of this 3D modelling is that it brought all that historical data together. And from our side, it really underlines our confidence in the project. We’re really keen to drill this thing — and there are some very valid targets. It’s very exciting for us.
Proactive:
Quite exciting. You've now got the 3D model in place. I believe there’s also a drone-borne magnetic survey coming soon?
Mitch Thomas:
Exactly. The 3D geological modelling used magnetometer data from about 10 to 12 years ago. It’s been useful, but based on the modelling results, we want to incorporate updated technology.
The drone survey will kick off in the next couple of weeks. It will help further model the alteration zones and areas of interest for drilling. It’s a step-by-step progression in drill planning.
Proactive:
There's a lot of focus around Cucho. What’s next for Solis Minerals, and how are you finishing the year?
Mitch Thomas:
It’s going to be a strong finish to the year. We’re waiting on assays from two projects we drilled in 2025 — those results will be released once they’re all received.
We’re also checking in daily with the government on permitting for Santos. Indications are that those approvals are imminent.
So it’s a strong close to 2025, and we’re building toward a very exciting 2026.
Proactive:
Quite a strong finish to the year indeed. We'll look forward to having you back to discuss more results and news. This was Solis Minerals CEO Mitch Thomas. Thank you so much.
Mitch Thomas:
Thanks, Fouad.