Solis Minerals (ASX:SLM) Advances Copper Exploration in Peru with New Drilling Phase

3 min read | July 29, 2025 09:17 PM PDT | By Team Kalkine Media

Solis Minerals (ASX:SLM) Advances Copper Exploration in Peru with New Drilling Phase — Image source: Shutterstock

TSX-V Delisting Follows Strategic Operational Focus in South America

Solis Minerals recently confirmed its withdrawal from the TSX Venture Exchange (TSX-V), streamlining its market presence to better support its operational focus in Peru. The decision, made effective after the quarter ended May, aligns with the company’s intention to optimise its capital markets strategy as exploration momentum builds.

According to company leadership, this transition allows increased concentration on advancing its wholly owned Peruvian copper assets. All remaining trading activity will now continue via the Australian Securities Exchange (ASX:SLM) and OTCQB market (OTCQB:SLMFF).

Drilling Underway at Copper-Gold Prospect Chancho al Palo

Diamond drilling has commenced at the Chancho al Palo project, a key copper-gold target located within Peru’s southern coastal IOCG and porphyry mineralised belt. The site comprises four adjoining concessions and has been subject to detailed mapping, sampling, and geophysical interpretation.

Initial core samples from the first completed hole identified breccia-hosted iron oxide copper-gold-style mineralisation, including visible copper sulphides and traces of gold. A second hole located to the west has also shown promising mineralisation. Laboratory results are pending, with assays scheduled to be returned in the coming weeks.

Advancements Across Additional Projects: Cinto and Ilo Este

At the Cinto copper prospect, further mineralised zones have been confirmed through new channel sampling. An induced polarisation (IP) survey has also commenced, aimed at refining drill target zones. Meanwhile, permitting activities continue in preparation for upcoming drilling across additional project areas.

The Ilo Este project is also progressing, with drill preparations set to advance shortly. Company representatives noted that recent funding initiatives have bolstered exploration capacity for the second half of the calendar year.

What is the primary focus of Solis Minerals Ltd’s latest exploration activity?
The company is focused on advancing copper exploration across key sites in southern Peru.

Where is the Chancho al Palo project located?
Chancho al Palo is situated within the coastal IOCG and porphyry belt of southern Peru.

Has Solis Minerals withdrawn from the TSX-V?
Yes, Solis Minerals completed its delisting from the TSX Venture Exchange following the end of the quarter.

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