Solis Minerals Initiates Drilling at Chancho al Palo Project, Peru

Solis Minerals Ltd. has received permits to begin a significant drilling program at its Chancho al Palo copper-gold project in Peru, starting with 2,500 meters of drilling. The company aims to concurrently develop its Ilo Este project, with assay results processed in Lima. This initiative is expected to enhance resource identification and create strong market updates throughout 2025.

Solis Minerals Ltd. has announced the initiation of its drilling program at the Chancho al Palo copper-gold project in Peru, following the receipt of the necessary permits. The drilling campaign will involve approximately 7,500 meters targeting areas with copper-gold potential, beginning imminently with initial drill holes totaling 2,500 meters. Assays will be processed at ALS Global’s laboratory in Lima, a recognized facility in geochemical analysis.

In addition to Chancho al Palo, Solis Minerals anticipates receiving drilling permits for its Ilo Este project shortly. The concurrent drilling of both targets is designed to maximize resource identification and capitalise on the robust operational landscape of Peru’s mining sector, which is home to prominent international mining firms.

Solis Minerals’ Chief Executive Officer, Mitch Thomas, expressed optimism regarding the drilling commencement, highlighting the potential for large-scale mining within the region. He noted the favorable market conditions with copper prices nearing historical highs, enhancing the opportunity for exploration and value creation for shareholders.

In summary, Solis Minerals is poised to begin an extensive drilling program at Chancho al Palo, with concurrent plans for Ilo Este. With the company’s commitment to exploring high-potential copper-gold resources, this phase of drilling is anticipated to yield significant insights and bolster shareholder confidence in light of favorable market conditions. The strategic positioning of the projects amidst established mining operations further underscores the potential for large-scale discoveries in Peru.

Original Source: www.newsfilecorp.com