Copper-Gold Assays Reveal Large Mineralised System at Ilo Este

Initial Drill Success at Ilo Este

Solis Minerals has delivered promising early assay results from its diamond drilling campaign at the Ilo Este copper-gold project in southern Peru. The first two drill holes, IE-001 and IE-002, intersected broad zones of copper, gold, and molybdenum mineralisation over multiple intervals, confirming the presence of a large mineralised system. Notably, the discovery of high-tenor copper sulphides such as bornite and chalcopyrite in IE-002 suggests the drilling is approaching the higher-grade core of a porphyry copper system, a key target for economic extraction.

Geophysical Targets and Ongoing Drilling

Following these encouraging results, Solis has shifted focus to drilling the southern magnetic anomaly at Ilo Este, an untested target characterized by coincident geophysical signatures including strong induced polarisation chargeability and magnetic anomalies. This anomaly spans approximately 1,250 metres in length and up to 400 metres in width, indicating potential for a substantial mineralised system. Early surface mapping has identified potassic alteration and visible copper oxides, reinforcing the prospectivity of this target area.

Chancho al Palo Gold Potential

At the Chancho al Palo project, initial drilling results from hole CAP-001 revealed significant gold mineralisation, including a 19-metre intercept averaging 0.31 grams per tonne gold, with a higher-grade 4-metre section at 1.1 grams per tonne. Copper grades were generally low, but the presence of gold highlights the potential for valuable mineralisation. Further assay results from additional drill holes are awaited to better understand the extent and continuity of mineralisation.

Strategic Positioning and Next Steps

Solis Minerals holds 100% ownership of both projects with secure tenure and no known impediments, positioning the company well to advance exploration. The current drilling campaign aims to complete approximately 5,000 metres, with further assays expected within the next 20 to 25 business days. The integration of geological, geochemical, and geophysical data will be critical to refining drill targets and delineating the core of the mineralised systems.

CEO Mitch Thomas expressed optimism about the results, emphasizing the significance of identifying bornite as a vector toward higher-grade mineralisation and the attractiveness of the southern anomaly as a priority target. The company’s methodical approach and ongoing exploration efforts underscore its commitment to unlocking the copper-gold potential of its Peruvian portfolio.