Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) has confirmed the presence of copper and associated elevated molybdenum mineralisation in initial reconnaissance sampling at the recently acquired Canyon Project in Peru.
The company encountered copper in joints and faults in road-cuts over a discontinuous strike of about 400 metres – two samples returned high values of copper (0.74% and 0.53%) and elevated molybdenum (0.07% and 0.02%), indicating a potential porphyry-style system.
Strong early indications of copper
“First pass reconnaissance work at our Canyon Project has commenced and we are pleased to have found widespread evidence of copper oxides so early on,” Solis Minerals executive director Mike Parker said.
“The geology is intriguing and we are quickly developing our understanding of some controls on the copper oxide distribution.
“Our follow-up work at Canyon will include remote sensing, mapping and rock geochemistry aimed at defining the most prospective zones within our large 25,600-hectare application area.
“It’s an exciting time for Solis as we move forward with our vectoring and targeting strategy.”
The next stage of exploration will focus on prospective targets over the entire 25-kilometre strike at Canyon, as well as parallel corridors which may hold mineralised offshoots.
SLM is actively working on its entire portfolio of targets along the Coastal Intrusive Belt of Peru, with planned activities (subject to the grant of requisite permits) including:
Read more: Red Cloud Toronto: Solis Minerals plans aggressive copper campaign at projects along Peruvian Coastal Copper Belt
Project locations:
Coastal Intrusive Belt as indicated in green. Canyon is located in the northwest of the map, with Solis’ other projects (Ilo Este, Chancho Al Palo, & Chocolate) in the southeast. Other intrusive belts shown in orange, blue and purple.