Latest news with #SolisMinerals
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29-05-2025
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Solis Announces: Diamond Drill Rig Arrives at Chancho al Palo, Peru
West Leederville, Western Australia--(Newsfile Corp. - May 29, 2025) - Solis Minerals Limited (ASX: SLM) (TSXV: SLMN) (OTCQB: SLMFF) ("Solis Minerals" or "the Company") is pleased to announce an update pertaining to its 100 per cent owned Chancho al Palo project in Peru. A diamond drill rig has arrived at Chancho al Palo supported by leading local drilling company, AKD International ("AKD"). The Chancho al Palo diamond drill programme comprises approximately 2,500 metres across several priority targets (Figure 2), designed to test multiple anomalies identified during surface mapping, sampling and geophysics1. Figure 1: Arrival of diamond drill rig to Chancho al Palo, Peru To view an enhanced version of this graphic, please visit: Chief Executive Officer, Mitch Thomas, commented: "The Company is pleased to report that the drill rig has safely arrived at Chancho al Palo. This will be the first time the concession has been drilled, and we're targeting a series of compelling porphyry and IOCG anomalies identified through geochemical and geophysical work. Importantly, Chancho al Palo is located 10 kilometres from the coast and 25 kilometres from Southern Copper's smelter and refinery complex. Southern Copper is Peru's largest copper producer and holds tenements adjacent to Chancho al Palo, further validating the geological potential of the area. We expect assay results in July 2025 and look forward to building on this momentum with drilling at Ilo Este, anticipated to commence in June pending final permits. I am travelling to Peru this weekend to oversee commencement of drilling at our Chancho al Palo and Ilo Este projects. It's an exciting period as we systematically test high-priority targets across our Peruvian portfolio." 1 Refer to ASX:SLM announcement 29 April 2024 "Exploration update for Peru, Borborema, Brazil" Figure 2: Chancho al Palo drill targets over magnetic susceptibility plot. Targets include IP (1A and 1B) and magnetometry (M1 - M3) anomalies. Initial drill programme of 2,500 metres reflects a portion of the planned drill holes shown. Sequence and number of actual drill holes to be determined subject to programme results (refer to ASX Announcement 29 April 2024). To view an enhanced version of this graphic, please visit: This announcement is authorised for release by the Board. ContactMitch ThomasChief Executive Officer Solis Minerals Limitedmthomas@ 458 890 355 Media & Broker Enquiries: Fiona Marshall & Jason Mack White Noise Communications fiona@ jason@ 400 643 799 Neither the TSX Venture Exchange ("TSXV") nor its Regulation Service Provider (as the term is defined in the policies of the TSXV) accepts responsibility for the accuracy of this news release. About Solis Minerals Limited Solis Minerals is an emerging exploration company, focused on unlocking the potential of its South American copper portfolio. The Company is building a significant copper portfolio around its core tenements of Ilo Este and Ilo Norte and elsewhere in the Coastal Belt of Peru. Solis holds concessions totalling 69,200 hectares. The Company is led by a highly-credentialled and proven team with excellent experience across the mining lifecycle in South America. Solis is actively considering a range of copper opportunities. South America is a key player in the global export market for copper and Solis, under its leadership team, is strategically positioned to capitalise on growth opportunities within this mineral-rich region. Forward-Looking Statements This news release contains certain forward-looking statements that relate to future events or performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected, including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at These forward-looking statements are made as of the date hereof, and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law. Qualified Person Statement The technical information in this news release was reviewed by Michael Parker, a Fellow of the Australian institute of Mining and Metallurgy (AusIMM), a qualified person as defined by National Instrument 43-101 (NI 43-101). Michael Parker is Technical Director of the Company. Competent Person Statement The information in this ASX release concerning Geological Information and Exploration Results is based on and fairly represents information compiled by Mr Michael Parker, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Parker is Technical Director of Solis Minerals Ltd. and has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the exploration activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the "Australian Code for Reporting of Mineral Resources and Ore Reserves". Mr Parker consents to the inclusion in this report of the matters based on information in the form and context in which it appears. Mr Parker has provided his prior written consent regarding the form and context in which the Geological Information and Exploration Results and supporting information are presented in this Announcement. To view the source version of this press release, please visit Sign in to access your portfolio
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22-05-2025
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Solis Announces Drill Rig Mobilised to Chancho al Palo, Peru
HIGHLIGHTS 2,500m diamond drilling programme to commence at Chancho al Palo, targeting a range of porphyry and iron oxide copper-gold ("IOCG") targets. Ilo Este mining agency drill permit approved, with a diamond drilling program expected to commence in June 20251, targeting highly prospective copper targets. Induced polarisation ("IP") survey at the Cinto copper-gold project near completion. West Leederville, Western Australia--(Newsfile Corp. - May 22, 2025) - Solis Minerals Limited (ASX: SLM) (TSXV: SLMN) (OTCQB: SLMFF) ("Solis Minerals" or "the Company") is pleased to announce updates pertaining to three of its copper-gold projects in Peru. Chancho al Palo Project Drilling will commence at Solis Minerals' 100 per cent owned Chanco al Palo copper-gold project in Peru. A diamond drill-rig has been mobilised to site at Chancho al Palo, located in the same coastal copper belt as AusQuest's (ASX: AQD) Cangallo project and Southern Copper's (NYSE: SCCO) Tia Maria project. The Chancho al Palo diamond drill progamme comprises approximately 2,500 metres across several priority targets (Figure 1), designed to test multiple coincident anomalies identified during recent surface mapping, sampling, and geophysics. This will be the first drilling of Chancho al Palo and represents a major milestone in Solis Minerals' strategy to explore and unlock value across its portfolio of underexplored copper-gold projects in southern Peru. The drill programme will commence over the next few days. Ilo Este and Cinto Projects The Ministry of Energy and Mines of Peru ("MINEM") has recently approved the drill permit for Ilo Este (100 per cent Solis Minerals and located 20 kilometres from Chancho al Palo). Remaining approvals are being finalised with a 5,000 metre diamond drilling programme expected to commence in June 2025. An IP survey at the Company's Cinto project (100 per cent Solis Minerals) is nearing completion. The Cinto project neighbours Southern Copper's Toquepala copper-gold mine which has been in production since 1960 producing 225,000 tonnes of copper in 20242. Cinto hosts copper-gold mineralisation at surface that is considered to be consistent with Toquepala3. Results from the IP survey are expected in June 2025. ___________________1 Subject to finalisation of remaining approvals2 Southern Copper Corporation. (2025). Production. Retrieved May 14, 2025, from Refer to SLM:ASX announcement (23 April 2025) Additional High-Grade Copper Confirmed at Cinto, Peru Chief Executive Officer, Mitch Thomas, commented: "We are excited to launch our maiden drill campaign at Chancho al Palo, a project with significant potential in one of the world's premier copper-producing regions. Our team has worked diligently to define high-priority targets, and we look forward to delivering the first-ever drill results from this highly prospective system in the coming weeks. These results will be complemented by the commencement of drilling at Ilo Este and the completion the IP program at Cinto. We are committed to maintaining a strong and consistent news flow across our high-quality copper-gold portfolio." This announcement is authorised for release by the Board. ContactMitch ThomasChief Executive Officer Solis Minerals Limitedmthomas@ 458 890 355 Media & Broker Enquiries: Fiona Marshall & Jason Mack White Noise Communications fiona@ jason@ 400 643 799 Neither the TSX Venture Exchange ("TSXV") nor its Regulation Service Provider (as the term is defined in the policies of the TSXV) accepts responsibility for the accuracy of this news release. Figure 1: Chancho al Palo drill targets over magnetic susceptibility plot. Targets include IP (1A and 1B) and magnetometry (M1 - M3) anomalies. Initial drill programme of 2,500 meters reflects a portion of the planned drill holes shown. Sequence and number of actual drill holes to be determined subject to programme results (refer to ASX Announcement 29 April 2024). To view an enhanced version of this graphic, please visit: About Solis Minerals Limited Solis Minerals is an emerging exploration company, focused on unlocking the potential of its South American copper portfolio. The Company is building a significant copper portfolio around its core tenements of Ilo Este and Ilo Norte and elsewhere in the Coastal Belt of Peru. Solis holds concessions totalling 69,200 hectares. The Company is led by a highly-credentialled and proven team with excellent experience across the mining lifecycle in South America. Solis is actively considering a range of copper opportunities. South America is a key player in the global export market for copper and Solis, under its leadership team, is strategically positioned to capitalise on growth the opportunities within this mineral-rich region. Forward-Looking Statements This news release contains certain forward-looking statements that relate to future events or performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected, including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at These forward-looking statements are made as of the date hereof, and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law. Qualified Person Statement The technical information in this news release was reviewed by Michael Parker, a Fellow of the Australian institute of Mining and Metallurgy (AusIMM), a qualified person as defined by National Instrument 43-101 (NI 43-101). Michael Parker is Technical Director of the Company. Competent Person Statement The information in this ASX release concerning Geological Information and Exploration Results is based on and fairly represents information compiled by Mr Michael Parker, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Parker is Technical Director of Solis Minerals Ltd. and has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the exploration activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the "Australian Code for Reporting of Mineral Resources and Ore Reserves". Mr Parker consents to the inclusion in this report of the matters based on information in the form and context in which it appears. Mr Parker has provided his prior written consent regarding the form and context in which the Geological Information and Exploration Results and supporting information are presented in this Announcement. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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24-04-2025
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Solis Announces Succesful Closing of Tranche 2 Placement
West Leederville, Western Australia--(Newsfile Corp. - April 23, 2025) - The Directors of Solis Minerals Ltd. (ASX: SLM) (TSXV: SLMN) (OTCQB: SLMFF) (FSE: 08W) ("Solis Minerals" or "the Company"), are pleased to advise that the Company has closed Tranche 2 of the Placement, issuing a total of 30,979,957 CHESS Depositary Interests (CDIs) over common shares at A$0.085 per New Share along with 26,470,627 unlisted options exercisable at A$0.16 with a two- year term, to raise gross proceeds of A$2,633,296.35. Assisting brokers received, in aggregate, fees of 6% of the funds raised under the Placement, being a total of $145,697.78 in connection with the closing of Tranche 2. The brokers will also receive 12,632,353 unlisted options exercisable at A$0.14875 with a three-year term. Tranche 2 of the Placement was approved by shareholders at a Special Shareholder Meeting of the Company held 16 April 2025. A further 294,118 CDIs at A$0.085 per New Share along with 147,059 unlisted options exercisable at A$0.16 with a two-year term, are being issued on the same terms for aggregate cash proceeds of A$25,000. The Company's total issued equity capital post Tranche 2 allotment is 141,080,178 shares. Additionally, the Company has issued 6,000,000 performance rights to its CEO and 6,800,000 performance rights to its Directors with the terms and conditions disclosed under Schedules 4 and 5, respectively of the Notice of Special Meeting released to the ASX on 19 March 2025. CDIs trading on the ASX issued on account of the shares cannot be converted into common shares of the Company for the purposes of trading such shares in Canada until four months and one day have elapsed from the issuance date. This announcement is authorised for release by the Board. ContactMitch ThomasChief Executive OfficerSolis Minerals Limited+61 458 890 355 Media & Broker Enquiries:Fiona Marshall & Jason MackWhite Noise Communicationsfiona@ 400 512 109 Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release. About Solis Minerals Limited Solis Minerals is an emerging exploration company, focused on unlocking the potential of its South American copper portfolio. The Company is building a significant copper portfolio around its core tenements of Ilo Este and Ilo Norte and elsewhere in the Coastal Belt of Peru. Solis holds 81 concessions totalling 69,200 Ha. 47 concessions are granted (39,000 Ha) and 34 concessions are being processed (30,200 Ha). The Company is led by a highly-credentialled and proven team with excellent experience across the mining lifecycle in South America. Solis is actively considering a range of copper opportunities. South America is a key player in the global export market for copper and Solis, under its leadership team, is strategically positioned to capitalise on growth the opportunities within this mineral-rich region. To view the source version of this press release, please visit Sign in to access your portfolio
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07-04-2025
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Solis Announces Drilling to Commence at Chancho al Palo, Peru
HIGHLIGHTS Solis Minerals has received approvals to commence drilling at its copper-gold project Chancho al Palo (100% ownership) in Peru. Leading Peruvian drilling contractor to commence a 7,500-meter diamond drilling campaign of copper-gold targets. Drilling is anticipated to begin imminently. Drilling permits for the Company's other drill-ready target, Ilo Este (100%), are expected in the coming weeks. Assay samples will be processed at ALS Global's laboratory in Lima, Peru, a leading facility in geochemical analysis. The commencement of drilling at Chancho al Palo, followed by Ilo Este, alongside continued target identification across the Company's highly prospective copper-gold projects, is expected to generate strong news flow throughout 2025. Solis Minerals is committed to its objective of identifying copper-gold resources that have potential to host large-scale mining in one of the world's leading copper producing regions. Perth, Western Australia--(Newsfile Corp. - April 7, 2025) - Solis Minerals Limited (ASX: SLM) (TSXV: SLMN) ("Solis Minerals" or the "Company") is pleased to announce the receipt of permits to commence drilling at its Chancho al Palo project in southern Peru. The program will begin with approximately 5 drill holes, totalling 2,500 meters, with scope for expansion. The commencement of drilling firstly at Chancho al Palo, and shortly Ilo Este, delivers on commitments made in support of the recently announced placement of A$4.5 million[1]. The Company plans to drill these targets in parallel once all approvals have been granted which will provide a period of strong news flow in support of Solis Minerals' objective of identifying copper-gold resources in southern Peru that have the potential to host large-scale mining. Solis Minerals' exploration drill targets are located near the coast, exhibit promising mineralisation at surface – particularly Ilo Este, and benefit from access to critical infrastructure essential for future mining operations. Elevations do not exceed 1,100 metres. The region hosts several major international copper mining companies in production or with advanced projects including Southern Copper, Teck and Anglo American. The Company's targets are analogous to AusQuest Limited's (ASX: AQD) Cangallo exploration prospect in southern Peru where wide zones of copper mineralisation have been discovered. Chief Executive Officer, Mitch Thomas, commented: "Drilling commencement at Chancho al Palo marks the start of an exciting phase of growth for the Company. Following 12 months of detailed technical and permitting work by the experienced Solis Minerals team, targets will now be tested through a diamond core drilling program of up to 7,500 meters in Southern Peru. "Chancho al Palo and Ilo Este exhibit strong potential to contain large scale porphyry and iron oxide copper-gold ("IOCG") systems consistent with nearby operating mines. Solis Minerals expects to deliver a steady stream of updates over the next two to four months as assay results become available. "With copper prices nearing US$10,000 per tonne and gold surpassing US$3,000 per ounce —both near all-time highs — this is an optimal time for exploration. We aim to leverage this strong macroeconomic environment to drive shareholder value." Figure 1: Ilo region of the Department of Moquegua, Peru showing Solis Minerals' exploration project areas including Ilo Este, Chancho al Palo, Cinto and Chocolate as well as exploration ground held by major mining companies. Values for operations and projects sourced from company websites[2]. To view an enhanced version of this graphic, please visit: Chancho al Palo (100%) The project comprises four contiguous concessions situated within the Southern Coastal Belt of Peru (Figure 1). Geophysical surveys, including drone magnetometry and induced polarisation (IP) studies, have identified significant chargeability targets, with albeit limited surface exposure confirming copper mineralisation. Two primary mineralisation styles have been identified: (i) the western section of the project area is prospective for IOCG mineralisation, (ii) while the eastern section demonstrates potential for porphyry-style mineralisation. Next steps Drilling is expected to commence shortly at Chancho al Palo. A leading local drilling company has been engaged. Assaying will be carried out at ALS Global in Lima, Peru. In parallel, permit approvals to commence drilling 5,000-meter program at Ilo at Este are being finalised. These are expected as soon as the end of April 2025. Drilling is then planned take place concurrently between Chancho al Palo and Ilo Este following granting of all approvals. This maiden drilling programme delivers on Solis Minerals objective of identifying copper-gold resources that have potential to host large-scale mining in one of the world's leading copper producing regions. ENDS This announcement is authorised by Mitch Thomas, Chief Executive Officer of Solis Minerals Ltd. ContactMitch ThomasChief Executive OfficerSolis Minerals Limited+61 458 890 355 Media & Broker Enquiries:Fiona Marshall & Jason MackWhite Noise Communicationsfiona@ 400 512 109 Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release. About Solis Minerals Limited Solis Minerals is an emerging exploration company, focused on unlocking the potential of its South American copper portfolio. The Company is building a significant copper portfolio around its core tenements of Ilo Este and Ilo Norte and elsewhere in the Southern Coastal Belt of Peru and currently holds 81 concessions totalling 69,200 Ha. 47 concessions are fully granted (39,000 Ha) and 34 concessions are being processed (30,200 Ha). The Company is led by a highly-credentialled and proven team with excellent experience across the mining lifecycle in South America. Solis Minerals is actively considering a range of copper opportunities. South America is a key player in the global export market for copper and Solis Minerals, under its leadership team, is strategically positioned to capitalise on growth the opportunities within this mineral-rich region. Forward-Looking Statements This news release contains certain forward-looking statements that relate to future events or performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected, including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at These forward-looking statements are made as of the date hereof, and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law. Qualified Person Statement The technical information in this news release was reviewed by Michael Parker, a Fellow of the Australian institute of Mining and Metallurgy (AusIMM), a qualified person as defined by National Instrument 43-101 (NI 43-101). Michael Parker is Technical Director of the Company. Competent Person Statement The information in this ASX release concerning Geological Information and Exploration Results is based on and fairly represents information compiled by Mr Michael Parker, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Parker is a contractor to Solis Minerals Ltd. and has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the exploration activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the "Australian Code for Reporting of Mineral Resources and Ore Reserves." Mr Parker consents to the inclusion in this report of the matters based on information in the form and context in which it appears. Mr Parker has provided his prior written consent regarding the form and context in which the Geological Information and Exploration Results and supporting information are presented in this Announcement. [1] Refer to (ASX: SLM) announcement 26 February 2025: '$4.5 MILLION PLACEMENT BOLSTERS FUNDING AHEAD OF DRILLING IN COPPER-RICH REGION OF PERU.' [2] Nearby properties and projects is for information purposes only and there are no assurances the company would achieve the same results at its projects. 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25-03-2025
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Solis Minerals Announces TSXV Approval of Tranche 2 Placement Closing Date
Perth, Western Australia--(Newsfile Corp. - March 25, 2025) - Solis Minerals Limited (ASX: SLM) (TSXV: SLMN) (OTCQB: SLMFF) (FSE: 08W) ("Solis Minerals" or "the Company") provides the following update regarding its Tranche 2 placement. Under TSX Venture Exchange ("TSXV") requirements, placements must close within 45 days of announcement. Solis Minerals announced its Tranche 1 and 2 placements on 26 February 2025. To accommodate the Special Shareholder Meeting scheduled for 16 April 2025, the TSXV has granted a 30-day extension from today for the closing of the Tranche 2 placement. This announcement is authorised for release by the Board. ContactMitch ThomasChief Executive OfficerSolis Minerals Limited+61 458 890 355 Media & Broker Enquiries: Fiona Marshall & Jason MackWhite Noise Communications fiona@ 400 512 109 Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release. About Solis Minerals Limited Solis Minerals is an emerging exploration company, focused on unlocking the potential of its South American copper portfolio. The Company is building a significant copper portfolio around its core tenements of Ilo Este and Ilo Norte and elsewhere in the Coastal Belt of Peru. Solis holds 81 concessions totalling 69,200 Ha. 47 concessions are fully granted (39,000 Ha) and 34 concessions are being processed (30,200 Ha). The Company is led by a highly-credentialled and proven team with excellent experience across the mining lifecycle in South America. Solis is actively considering a range of copper opportunities. South America is a key player in the global export market for copper and Solis, under its leadership team, is strategically positioned to capitalise on growth the opportunities within this mineral-rich region. To view the source version of this press release, please visit
