Copper exploration is heating up in one of the world's richest mining districts, and Solis Minerals is right in the thick of the action. CEO Mitch Thomas joins us to share the exciting developments at their flagship Ilo Este project in Southern Peru, where a 5,000-metre diamond drilling campaign is currently underway.
The timing couldn't be better for this ASX-listed explorer as they target what could potentially be the high-grade core of an extensive porphyry system. Drawing on nearly 10,000 metres of historical drilling data from previous campaigns by Rio Tinto and Latin Resources, Solis is employing cutting-edge geophysical and geochemical analysis to pinpoint targets that were previously overlooked. As Mitch explains, "We are, or the previous drill holes were, in the cloud of a porphyry and the objective of the current drilling program is to really find the high-grade source."
What sets Solis apart is their strategic position in Peru's Southern Copper Belt – a region described as "the dominant source of supply of copper globally." This isn't just about geological potential; it's about practical advantages too. The company benefits from existing infrastructure, including concentrators, a refinery, smelter, and port facilities, providing a clear pathway to market for any discovery. Their portfolio extends beyond Ilo Este to include the promising Cinto project (acquired from BHP) adjacent to the 60-year-old Toquepala mine, and Chancho Al Palo, where assay results are pending.
With drilling updates expected in the coming weeks, assay results in September, and plans to drill Cinto before year-end, Solis is entering what Mitch calls "a very exciting period for the company." For investors looking for exposure to copper – a metal essential to global electrification – this emerging explorer offers a compelling opportunity to get in on the ground floor of what could become Peru's next significant copper discovery.
Subscribe now to stay updated on Solis Minerals' progress as they pursue their ambitious exploration strategy in one of the world's premier copper jurisdictions.
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