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Solis Minerals Provides Updated on Exploration Activities at the Cinto Project in Peru

In This Article:

Copper Porphyry Mineralisation Confirmed at Cinto 0.88% Cu over 23.4m

HIGHLIGHTS

  • Extensive copper porphyry mineralisation identified in rock and channel sampling at Cinto Project, Peru.

Highlights include:

  • Scope for scale with potential porphyry style copper mineralisation over 1.75 square kilometres based on strong correlation of rock geochemistry and a large magnetic low geophysical anomaly, indicating widespread hydrothermal alteration.

  • Induced-Polarisation (IP) survey planning now underway following successful geochemical results.

  • Drill target definition underway and permitting initiated for drilling in second half of 2025.

Perth, Western Australia--(Newsfile Corp. - February 11, 2025) - Latin American focused copper-gold explorer, Solis Minerals Limited (ASX: SLM) (TSXV: SLMN) (OTCQB: SLMFF) ("Solis" or the "Company") is pleased to announce an update on exploration activities at the Cinto Project in Peru.

Summary

The copper mineralisation at Cinto is predominantly seen in breccias, the major mineralisation host at the Toquepala Copper Mine, 15km northwest of Cinto. Geological similarities are evident between mineralisation styles at Cinto and Toquepala. Cinto is situated on the major Incapuquio Fault System which favoured the emplacement of intrusions related to large-scale porphyry copper deposits of Toquepala, Quellaveco, and Cuajone (Figure 1). Toquepala is one of Peru's major copper producers (200ktpa).

1 Total Mineral Reserves for third party mines sourced from Southern Copper 10K Report 2023, lodged with SEC 31 December 2023 (Cuajone & Toquepala) and Anglo American (LSE:AAL) Annual Report 2023

Executive Director, Mike Parker, commented:

"The Cinto Project continues to deliver excellent results and we have considerably expanded our porphyry copper mineralisation footprint. Equally exciting is that we are observing styles of copper mineralisation that resemble the main mineralisation styles of the massive Toquepala mine (196,600tpa copper) only 15km to the northwest. Our drone magnetometry geophysics correlates well with mineralisation and indicates potential for scale as well as new areas to follow-up. As a stand-alone project, Cinto is shaping up well as a significant mineralised copper porphyry target. When combined with our advanced targets and planned drilling at our Coastal Belt projects, our copper portfolio is truly outstanding.

This year will be a year of building on all the hard ground work of identifying our drill targets in 2024. We will start drilling at two of our projects, Chancho al Palo and Ilo Este, later this quarter depending on permits, while the Cinto Project will be advanced to drill in second half of 2025".