Welcome to our dedicated page for Solis Minerals news (Ticker: SLMFF), a resource for investors and traders seeking the latest updates and insights on Solis Minerals stock.
Solis Minerals Ltd (SLMFF) is a mineral exploration company focused on discovering copper and lithium deposits across Latin America through advanced geochemical surveys and strategic land acquisitions. This page provides investors with timely updates on drilling permits, project developments, and corporate milestones.
Access comprehensive coverage of SLMFF's exploration activities, including technical reports on geophysical findings, partnership announcements, and progress updates from key projects in Peru and Brazil. Our curated news ensures you stay informed about critical developments affecting the company's growth trajectory.
Discover updates categorized for clarity: drilling results, lithium exploration progress, copper porphyry targets, land acquisitions, and regulatory milestones. Each update is verified for accuracy and relevance to maintain a reliable information hub for stakeholders.
Bookmark this page for streamlined access to Solis Minerals' latest announcements. Check back for real-time insights into their evidence-based exploration strategy and emerging opportunities in the critical minerals sector.
Solis Minerals (ASX: SLM) (TSXV: SLMN) (OTCQB: WMRSF) has released its Quarterly Report for the period ending 31 May 2024. Key highlights include:
- Submission of copper drill targets for permitting in Chanco al Palo and Ilo Este, Southern Peru
- Scheduled magnetometry surveys at the newly acquired Guaneros project
- Identification of surface copper mineralisation at Cinto
- Development of a pipeline for drill testing multiple targets, with the first permit expected in Q4 2024
The company has expanded its copper exploration portfolio in southern Peru, adding the 6,400-hectare Guaneros project. Drilling at Chancho Al Palo is expected to commence in late 2024, subject to permitting. Solis has also made progress at Ilo Este, analyzing results from a drone magnetometry survey. At Cinto, high-grade copper samples up to 7.14% were identified. The company's cash balance stands at approximately AUD $4.4 million.
Solis Minerals (ASX: SLM, TSXV: SLMN, OTCQB: SLMFF) has announced plans for an extensive drone magnetometry survey at its Guaneros Project in Peru. Key points include:
- Survey to start in early August with results expected during the month
- Identified anomalies to be followed up with Induced Polarisation surveys
- Geochemical sampling and mapping to continue
- Guaneros is the fourth project area being progressed to drill status for copper porphyry targeting in Southern Peru
- Located on the prospective Coastal Belt between Ilo Este and Chancho Al Palo drill targets
The survey aims to fast-track target generation and assist in drill permitting. Solis is advancing four project areas in Peru, with drilling planned to start at Chancho Al Palo as early as December 2024, subject to permitting.
Solis Minerals has signed an access agreement with Carumbraya community at the Cinto Project in Peru, initiating systematic mapping and sampling of outcropping copper mineralization. Initial surface grab samples reported assays up to 7.14% Cu, with mineralization spread across a 200m x 100m area. The Cinto Project is positioned on a significant geological fault system, linked to the massive Toquepala porphyry system. Ongoing drone magnetometer and geological mapping aim to guide drill permitting. Other Solis assets in Peru, including Ilo Este and Chancho al Palo, are also being prepared for drilling, with geophysical surveys identifying promising targets.
Solis Minerals (ASX: SLM) has expanded its copper exploration landholding in Peru by successfully acquiring a 6,400-hectare package of underexplored areas. The company now holds a total of 43,500 hectares, establishing itself as a significant landholder in a highly prospective copper belt in Peru. Solis is advancing drill permits for key areas and continues to review potential acquisitions in South America. The company's focus remains on copper and lithium projects.
Solis Minerals has expanded its copper landholding in Peru by applying for new exploration licenses covering 6,400 hectares of highly prospective copper ground. The company now holds a total of 43,500 hectares, cementing its status as a significant landholder in a promising copper belt. Solis is focusing on porphyry copper potential in the region, with drill permit applications currently underway. The company continues to seek acquisitions in copper and lithium projects while progressing its exploration efforts in Peru.
Solis Minerals provides an exploration update for Peru and Borborema, Brazil, with drill permitting underway, significant geophysical targets identified, and a growing copper asset portfolio. The company continues to review new opportunities and cost-cutting measures while reviewing assay data from recent drilling programs. Positive signs for copper targets at Ilo Este and Chancho al Palo, with plans for drill permit applications. No significant lithium mineralization reported at Estrela and Mina Vermelha projects.
FAQ
What is the current stock price of Solis Minerals (SLMFF)?
What is the market cap of Solis Minerals (SLMFF)?
