Solis Minerals Mobilizes Drill Rig to Chancho al Palo Project in Peru

Solis Minerals announces readiness to start a 2,500-meter drilling program at its Chancho al Palo copper-gold project in Peru, with operations commencing shortly. A drill permit for the Ilo Este project has also been approved, while an induced polarisation survey at the Cinto project approaches completion. CEO Mitch Thomas emphasizes the company’s commitment to its diverse portfolio of exploration projects in the region.

Solis Minerals Limited has reported notable activity regarding its copper-gold projects in Peru, specifically at the Chancho al Palo site. As of May 22, 2025, the company confirmed that a diamond drill rig has been mobilized to initiate a 2,500-meter drilling program at this site, which is situated within a highly productive copper belt alongside notable projects like AusQuest’s Cangallo and Southern Copper’s Tia Maria. This step marks an important milestone for Solis, which fully owns the Chancho al Palo project and aims to capitalize on its potential to yield significant mineral discoveries.

The drilling program, set to commence shortly, encompasses various priority targets intended to explore anomalies discovered through recent surface mapping and geophysical studies. The launch of this program signifies Solis Minerals’ ongoing efforts to unlock value across its portfolio of underexplored copper-gold ventures in the southern region of Peru. Moreover, the company is preparing for its first-ever drilling attempts at Chancho al Palo, potentially opening the door to promising mineralization.

In addition to Chancho al Palo, Solis has made strides in its other projects. The Ilo Este mining agency has approved the drill permit, facilitating a 5,000-meter diamond drilling project anticipated to start in June 2025. This venture is located about 20 kilometers from Chancho al Palo. Simultaneously, an induced polarisation (IP) survey at the Cinto copper-gold project is reportedly nearing its conclusion. The Cinto project lies in proximity to Southern Copper’s Toquepala mine, an operation that recently produced a substantial output of copper.

CEO Mitch Thomas expressed enthusiasm regarding the developments, stating that the team has made thorough preparations to pinpoint high-priority drilling targets at Chancho al Palo. “We look forward to delivering the first-ever drill results from this highly prospective system in the coming weeks,” he commented, highlighting the commitment to keeping a steady flow of updates pertaining to their copper-gold portfolio.

Solis Minerals is characterized as an emerging exploration company striving to harness South America’s copper potential. The company maintains a portfolio consisting of numerous concessions across approximately 69,200 hectares. With the region being a significant player in the global copper market, Solis appears well-positioned to seize growth opportunities within this mineral-rich area.

It is important to note that while the current updates are optimistic, they contain forward-looking statements subject to various risks and uncertainties. These factors, such as market conditions and permitting delays, could influence the expected outcomes as the company continues its exploration endeavors. The technical data in this report has been reviewed by Michael Parker, a qualified professional per national regulations.

Solis Minerals is advancing its copper-gold exploration initiatives in Peru, particularly with the imminent drill program at Chancho al Palo. The company is set to begin its initial drilling campaign soon, underlining its commitment to exploring and maximizing its mineral potential. Positive mentions of the Ilo Este and Cinto projects further highlight the proactive steps being taken as the company aims to establish itself in a region known for its rich copper resources. However, stakeholders should remain aware of inherent risks associated with mining exploration.

Original Source: www.newsfilecorp.com