Solis Minerals accelerates copper exploration in Peru, exits TSX-V listing

Solis Minerals has accelerated copper exploration in Peru with drilling underway at Chancho al Palo and Cinto projects. The company has secured drilling approvals and early-stage exploration is advancing. Solis has also exited the TSX-V listing and strengthened its balance sheet through a recent placement. With drilling set to commence at Ilo Este, Solis is well-positioned to advance exploration across its portfolio.

Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) has significantly stepped up its copper exploration efforts in Peru, with drilling campaigns underway at Chancho al Palo and Cinto projects. The company has secured drilling approvals and is progressing with early-stage exploration. Solis Minerals has also exited its TSX-V listing and strengthened its balance sheet through a recent placement. Drilling is set to commence at Ilo Este, positioning Solis to advance exploration across its portfolio.

At its 100%-owned Cinto Project in southern Peru, Solis Minerals has defined three copper-gold drill targets following an Induced Polarisation (IP) geophysical survey. The survey identified anomalies aligned with earlier geochemistry and magnetometry, providing strong support for a maiden drilling campaign in the December quarter of 2025. Permitting is now underway via Peru’s streamlined Ficha Technica Ambiental (FTA) process [1].

Solis Minerals is concurrently progressing its copper-gold drilling activities at Chancho al Palo and soon at Ilo Este, enhancing its multi-project growth pipeline in Peru’s porphyry-rich terrain. The company’s CEO, Mitch Thomas, expressed confidence in the project, stating that the IP survey has validated their understanding of the mineralised system at surface and provided a strong basis for the planned drilling program [1].

The IP survey at Cinto comprised eight lines totalling 16.2 kilometres, with data collected at 100-metre dipole and 200-metre line spacing. Processing and inversion modelling revealed two distinct chargeability anomalies up to four times background levels and notable resistivity contrasts. These anomalies align with the northwest-southeast structures of the Incapuquio Fault Zone and correlate with previously identified low magnetic responses and outcropping copper breccias [1].

Solis Minerals has defined three high-priority targets at Cinto: Target A, Target B, and Target C. These targets are based on geophysical characteristics and geochemical assays, with results including up to 23.4 metres at 0.88% copper and 16.8 metres at 0.52% copper. The company is also evaluating additional zones based on field validation of geophysical anomalies [1].

Solis Minerals is progressing with the following actions ahead of its Q4 2025 drill program at Cinto: finalising drill permitting, appointing a drilling contractor, mobilising equipment, and preparing pads upon permit approval. These activities align with Solis’ broader regional strategy to unlock value across its Peruvian copper portfolio, particularly in the Cenozoic Porphyry Belt near the Toquepala Copper Mine [1].

The company’s recent exit from the TSX-V listing and balance sheet strengthening through a placement demonstrate Solis Minerals’ commitment to financial stability and operational efficiency. As drilling at Ilo Este commences, Solis is well-positioned to advance exploration across its portfolio, leveraging its strong project pipeline and strategic positioning in Peru’s mining landscape.

References:
[1] https://www.proactiveinvestors.com/companies/news/1075584/solis-minerals-ip-survey-identifies-priority-copper-gold-drill-targets-at-cinto-1075584.html