Highlights
Warintza East was discovered in
- SLSE-16 was collared at the eastern limit of the grid and drilled southwest into an open volume, returning 108m of 0.57% CuEq² within a broader interval of 712m of 0.45% CuEq² from surface, extending mineralization to the south and southeast where it remains open
- This hole was collared approximately 250m to the southeast of SLSE-13 (refer to Company press release dated
Nov 14, 2022 ), which previously returned 104m of 0.45% CuEq² from surface within a broader interval of 618m of 0.29% CuEq² - SLSE-17 was collared in the middle of the Warintza East drill grid and drilled southeast into an open volume, returning 144m of 0.52% CuEq² from surface within a broader interval of 914m of 0.40% CuEq², extending mineralization to the east where it remains open
- This hole extends the drilled dimensions further to the east beyond SLSE-14 (refer to Company press release dated
Nov 14, 2022 ), which previously returned 292m of 0.50% CuEq² from near surface within a broader interval of 694m of 0.40% CuEq² - SLSE-19 was collared in the middle of the Warintza East drill grid and drilled northeast into an open volume, returning 270m of 0.40% CuEq² from surface within a broader interval of 580m of 0.31% CuEq², expanding the footprint to the northeast where it remains open
- Drilling to date confirms Warintza East as a significant porphyry deposit that adjoins Warintza Central and remains open for expansion, with assays pending from a series of extensional holes to the north, east, south and southeast
Mr.
Figure 1 – Plan View of Warintza East Drilling Released to Date
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a59e6ce2-ced5-48ef-8c13-acd95f35198d
Table 1 – Assay Results
Hole ID | Date Reported | From (m) | To (m) | Interval (m) | Cu (%) | Mo (%) | Au (g/t) | CuEq² (%) |
SLSE-19 | 0 | 580 | 580 | 0.24 | 0.01 | 0.03 | 0.31 | |
Including | 0 | 270 | 270 | 0.31 | 0.02 | 0.04 | 0.40 | |
SLSE-18 | 30 | 524 | 494 | 0.16 | 0.01 | 0.04 | 0.20 | |
SLSE-17 | 0 | 914 | 914 | 0.32 | 0.01 | 0.04 | 0.40 | |
Including | 0 | 144 | 144 | 0.45 | 0.01 | 0.05 | 0.52 | |
SLSE-16 | 8 | 720 | 712 | 0.36 | 0.02 | 0.05 | 0.45 | |
Including | 76 | 184 | 108 | 0.46 | 0.02 | 0.06 | 0.57 |
Notes to table: True widths of the mineralized zone are not known at this time.
Table 2 - Collar Location
Hole ID | Easting | Northing | Elevation (m) | Depth (m) | Azimuth (degrees) | Dip (degrees) |
SLSE-19 | 801485 | 9648192 | 1170 | 816.48 | 48 | -65 |
SLSE-18 | 801684 | 9648074 | 1221 | 1018.74 | 48 | -65 |
SLSE-17 | 801485 | 9648192 | 1170 | 1011.39 | 105 | -70 |
SLSE-16 | 801684 | 9648074 | 1221 | 844.61 | 225 | -45 |
Notes to table: The coordinates are in WGS84 17S Datum. |
Endnotes
- Refer to Solaris’ technical report titled, “NI 43-101 Technical Report for the
Warintza Project , Ecuador” with an effective date ofApril 1, 2022 , prepared byMario E. Rossi and filed on the Company’s SEDAR profile at www.sedar.com. - Copper-equivalence calculated as: CuEq (%) = Cu (%) + 4.0476 × Mo (%) + 0.487 × Au (g/t), utilizing metal prices of
US$3.50 /lb Cu,US$15.00 /lb Mo, andUS$1,500 /oz Au, and assumes recoveries of 90% Cu, 85% Mo, and 70% Au based on preliminary metallurgical test work.
Technical Information and Quality Control & Quality Assurance
Sample assay results have been independently monitored through a quality control/quality assurance (“QA/QC”) program that includes the insertion of blind certified reference materials (standards), blanks and field duplicate samples. Logging and sampling are completed at a secured Company facility located in
Qualified Person
The scientific and technical content of this press release has been reviewed and approved by
On behalf of the Board of
“Daniel Earle”
President & CEO, Director
For Further Information
Direct: 416-366-5678 Ext. 203
Email: jwagenaar@solarisresources.com
About
Solaris is a multi-asset exploration company, advancing a portfolio of copper and gold assets in the
Cautionary Notes and Forward-looking Statements
This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “will” and “expected” and similar expressions are intended to identify forward-looking statements. These statements include statements that Warintza East remains open to the northeast, east and towards strong soil anomalism to the south, drilling to date confirms Warintza East as a significant porphyry deposit that adjoins Warintza Central and remains open for expansion, with assays pending from a series of extensional holes to the north, east, south and southeast, and that Warintza East’s largely undrilled footprint is a target for major mineral resource growth in the ongoing drilling program where only minimal drilling was included in the MRE and adjoins with Warintza Central. Assays are pending from further extensional holes to the north and east and targeting strong soil anomalism in step-out drilling to the south. Although Solaris believes that the expectations reflected in such forward-looking statements and/or information are reasonable, readers are cautioned that actual results may vary from the forward-looking statements. These statements are based on a variety of assumptions including assumptions made about the Company’s ability to advance exploration efforts at the
Figure 1 – Plan View of Warintza East Drilling Released to Date
Figure 1 – Plan View of Warintza East Drilling Released to Date
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