Solis Minerals has mobilized a drill rig to Chancho al Palo, Peru, for a 2,500-meter diamond drilling program. Drilling is set to start soon, with permits also secured for Ilo Este and an IP survey nearing completion at Cinto. The company aims to explore valuable copper-gold deposits in this promising region.
On May 22, 2025, Solis Minerals Limited announced that it has mobilized a diamond drill rig to its wholly-owned Chancho al Palo project in Peru. This endeavor is part of a 2,500-meter drilling program targeting promising porphyry and iron oxide copper-gold (IOCG) deposits. The company has secured drill permits from Peru’s Ilo Este mining agency, intending to begin drilling operations in June 2025.
The Chancho al Palo project is situated within a region known for its significant copper resources, adjacent to AusQuest’s Cangallo project and Southern Copper’s Tia Maria project. This ongoing drilling program marks a vital milestone for Solis Minerals, allowing them to explore previously uncharted territories within their copper-gold portfolio focused in southern Peru. As their first drilling venture at this location, it is expected to commence shortly.
Additionally, the Ministry of Energy and Mines of Peru (MINEM) has granted a drilling permit for the Ilo Este project, located just 20 kilometers away from Chancho al Palo. Final approvals are in the works, with Solis planning a substantial five thousand meter diamond drilling program set to kick off next month.
Meanwhile, an induced polarization (IP) survey at the Cinto project is nearing completion. The Cinto project, which is also 100% owned by Solis, lies adjacent to Southern Copper’s Toquepala mine, a facility that has been operational since 1960 and produced around 225,000 tonnes of copper in 2024. The copper-gold mineralization at Cinto appears consistent with what has been found at Toquepala, and the results from the IP survey are anticipated in June 2025.
CEO Mitch Thomas expressed enthusiasm about the company’s ambitions in developing its Chancho al Palo project, stating that it holds significant potential in a celebrated copper-producing area. Thomas emphasized their consistent efforts in identifying high-priority targets, looking forward to the much-anticipated first drill results from this system soon. He also mentioned that the initiation of drilling at Ilo Este and forthcoming IP results at Cinto would complement the ongoing news flow.
As the company navigates through this exploration phase, Solis Minerals is keen on positioning itself strategically to tap into the expansive copper market in South America. The firm holds a treasure trove of concessions totaling around 69,200 hectares, a solid base for moving forward with exploration and development activities. Following updates will be eagerly awaited as drilling progresses across these various projects.
In conclusion, amid an eager anticipation of drill results and strategic moves in Peru’s rich copper belt, Solis Minerals is demonstrating a proactive approach towards expanding its footprint in the mining sector. With drilling activities set to commence soon, stakeholders and investors will closely monitor developments that could yield significant insights into the company’s operational trajectory and growth prospects.
Solis Minerals has initiated a drilling program at its Chancho al Palo project in Peru, targeting 2,500 meters of diamond drilling with operations starting soon. The company has also obtained permits for Ilo Este, planning a significant 5,000-meter program later this year, alongside completing an IP survey at the Cinto project. This proactive strategy marks a notable effort to tap into Peru’s copper resources, with exciting updates expected in the near future.
Original Source: www.newsfilecorp.com
