Solis Minerals Ltd (TSX-V:SLMN, ASX:SLM) has completed the fourth and final hole of the first phase of drilling at Mostazal Copper Project in Chile with all four holes intersecting copper sulphides, supporting the potential for a very large copper system.
All holes have now been logged and sampled, displaying promising geology and broad zones of copper, but the all-important assay results from the drilling samples are still pending.
Copper-bearing system revealed
“Drilling of our initial campaign at Mostazal was completed on time, on budget and with significant intersections of copper sulphide mineralisation in all four holes,” Solis Minerals CEO Jason Cubitt said.
“This first phase of drilling was designed to test the presence and extent of copper sulphide mineralisation in both previously explored near-surface manto structures as well as a deeper 'feeder' target.
“It’s clear from mineralisation observed in drill core that a large copper-bearing system is present at depth and appears to be related to mineralisation reported near-surface.
“We are encouraged by the potential size of the mineralised system at Mostazal, especially at depths never before tested on the project.
“We’re looking forward to receipt of assay results and have commenced planning the second phase of drilling.”
Solis is conducting a more detailed and deeper-penetrating geophysical surveying program as it awaits assay results, together with detailed structural and geological mapping.
The company will use this greater understanding of the project geology to further refine its targeting strategy for the second round of drilling at Mostazal.
About Solis Minerals
Solis Minerals is a Latin American-focused mining exploration company. The company has options to earn up to a 100% interest in the Mostazal Copper Project in Chile’s Atacama Desert, one of the world’s premier copper production jurisdictions.
Solis also holds a 100% interest in a package of highly prospective IOCG (iron oxide copper/gold) and porphyry copper projects in southwestern Peru within the country’s prolific coastal copper belt — a source of nearly half of Peru’s copper production.