Solis Minerals Ltd (TSX-V:SLMN, ASX:SLM) has generated a new project in the southern Peruvian copper belt, claiming seven tenements southeast of the world-class Toquepala gold-silver-copper-molybdenum mine to form the Cinto Project.
The new Cinto project straddles the regional-scale Incapuquio Fault system, with geological interpretations pointing to similarities with the rocks that host Toquepala 15 kilometres to the northwest.
“This is an exciting development for Solis shareholders as the Cinto Project offers an opportunity to be the first exploration company to use modern exploration techniques on a staked area, located near one of Peru’s largest copper producers, Toquepala mine,” Solis Minerals CEO Jason Cubitt said.
“With the same major structural controls and similar rock type and age to Toquepala, we intend to advance this project to a drill-ready stage and offer Solis shareholders exposure to another world-class target in Peru’s Southwest copper belt.
“The company remains fully funded for this year’s field season.”
Several new drill targets at Ilo Este
SLM has already completed an initial compilation of available data sets for the new tenure, including the acquisition of new remote-sensing satellite data (including the Worldview-3 platform among others) covering Cinto and Solis’ other Peruvian copper projects.
The new satellite data highlighted several priority zones of favourable geological alteration – particularly at the Ilo Este Project, which has never been tested.
Solis now aims to test the highlighted anomalies with fieldwork, including detailed geological mapping which is to begin immediately in preparation for drill testing.
Cinto Project – Regional geology and project location.
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