Solaris Sources shares rise on new copper discovery in Ecuador

Warintza South represents a wholly separate porphyry deposit, positioned roughly 3 km south of the Warintza Central zone that has been the main target of the corporate’s useful resource growth drilling efforts thus far.

The spotlight of preliminary drilling at Warintza South was SLSS-01, the primary gap ever drilled on the goal.

SLSS-01 was drilled vertically and returned 606m of 0.41% CuEq of steady porphyry copper mineralization from close to floor, inside a broader interval of 755m of 0.36% CuEq, marking what Solaris calls a “vital new discovery” on the undertaking.

In keeping with the corporate, Warintza South is mirrored by a excessive conductivity anomaly over twice the dimensions of Warintza Central, illustrating the very broad proportions of this newly found porphyry system.

SLSS-01 focused an publicity of leached capping inside this anomaly; an ongoing sampling program considerably expanded the geochemical anomaly and shifted its core to the northeast.

Observe-up drilling concentrating on the interpreted core of the porphyry system is ready to start after extra drill platforms are ready primarily based on this latest mapping and sampling work refining the goal, and a devoted exploration camp is ready as much as help a ramp-up in actions.

“We’re delighted to have made a big new discovery at Warintza South, with the primary ever gap returning an extended interval of well-mineralized copper porphyry. The multi-km dimensions of the goal current a large-scale alternative,” Jorge Fierro, vice chairman of exploration, commented in a information launch.

Warintza South is the fourth main copper discovery throughout the 7 km x 5 km porphyry cluster on the Warintza property, with the adjoining Yawi and Caya targets nonetheless to be examined.

Shares of Solaris Sources rose 3.6% by 12:15 p.m. EDT, giving the corporate a market capitalization of C$1.6 billion.

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Written by colin


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