Solis Unveils New Copper-Gold Porphyry and IOCG Targets at Chocolate Project, Peru

Solis Minerals Limited (ASX: SLM) (TSXV: SLMN) has announced significant findings at its Chocolate Project in southern Peru, revealing four exploration targets - two copper porphyry and two vein-hosted iron oxide copper gold (IOCG) targets. The project, spanning 6,100 hectares, has only had 10% of its area investigated to date. The geology at Chocolate shares similarities with Solis' neighboring projects Ilo Este and Chancho Al Palo, forming a 'ega-target' zone of 20km length. The company has completed a magnetometer drone geophysical survey and collected 151 rock samples, analyzed at ALS Global laboratories in Lima.



Notable geochemical assays include samples with up to 4.92% copper and 2.47g/t gold from IOCG Target 1, and 1.92% copper from Porphyry Target 2. The project's geology is similar to that of Ilo Este and Chancho Al Palo, which form a 'ega-target' zone with Chocolate. Prominent cross faults, recognized as favorable loci for copper and gold mineralization, traverse the area, aiding targeting and exploration strategy. Interpretation of magnetometry data has revealed significant zones of magnetic anomalies with associated interpreted alteration haloes. Results to date show a relationship between rock geochemistry and magnetic anomalies for the two porphyry targets identified.

As mapping and geochemistry advance, the more prospective anomalies are being evaluated for follow-up with Induced Polarisation (IP) geophysical surveys, leading to drill testing in late 2025. Permits for drilling have already been granted for the Chancho al Palo project, which is part of the same 'ega-target' zone as the Chocolate Project. The company expects to commence drilling in late 2025, with permits already granted for the Chancho al Palo project.

Solis' discovery of new copper-gold porphyry and IOCG targets at the Chocolate Project highlights the potential of the 'ega-target' zone and the prospectivity of the Coastal Belt target zone. The high-grade copper and gold samples, along with the strategic importance of the 'ega-target' zone, make the Chocolate Project an attractive exploration target for investors. As the company continues to refine drill targets through geophysics and geochemistry surveys, the potential for significant mineral discoveries increases, making Solis Minerals an exciting investment opportunity in the copper-gold exploration sector.