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Highlights:
Drilling initiated at the Chancho al Palo copper-gold project in southern Peru
Program includes a follow-up campaign at the Ilo Este project after recent capital raise
Exploration focuses on porphyry and IOCG systems in proximity to major global producers
Solis Minerals Ltd (ASX:SLM; TSX-V:SLMN; OTCQB:SLMFF), an entity engaged in copper-gold exploration, has commenced its initial drilling campaign at the Chancho al Palo project in the southern region of Peru. This activity marks a strategic step in a broader exploration initiative aimed at identifying large-scale mineral systems in a region renowned for its copper output.
The company confirmed that its team has secured permits to begin a diamond core drilling program at Chancho al Palo. This will be followed by a larger-scale drilling operation at the Ilo Este project, also fully controlled by the company. The commencement of fieldwork comes after a period of technical preparation, including geological mapping and permitting.
Diamond Drilling and Exploration Scope
Drilling at Chancho al Palo will consist of several holes planned across key geophysical and structural targets. These targets were identified through chargeability anomalies aligned with iron oxide copper-gold (IOCG) and porphyry-style geological formations. Such systems are characteristic of mineral-rich environments seen in other operations within the Moquegua region.
A local drilling contractor has been appointed to conduct the program, utilizing diamond drilling techniques designed to deliver detailed subsurface data. This approach is intended to test the scale and structure of mineralized zones mapped on the surface.
Upcoming Program at Ilo Este
Following the current operations at Chancho al Palo, the next phase will focus on the Ilo Este project. Permitting for this campaign is nearing completion. The Ilo Este project area is accessible via coastal infrastructure, which enhances logistical efficiency and supports year-round work.
The dual-project strategy coincides with strengthened commodity prices in the copper and gold markets. Current market conditions support intensified exploration activity across South America, especially in districts already hosting major operations from established producers.
Geographical and Operational Context
The projects are located in the Ilo district of Moquegua, a region hosting numerous copper operations. The Chancho al Palo and Ilo Este properties sit near assets managed by international mining companies. This proximity reflects the district’s geological continuity and resource scale.
Both sites lie at relatively low altitudes and benefit from access to transport, power, and port infrastructure. These logistical advantages improve the feasibility of extended drilling schedules and sample transportation.
Laboratory and Reporting Schedule
Sample processing from the drilling campaign will be conducted by ALS Global in Lima. The laboratory is expected to process core samples as they are received, supporting a flow of technical updates. Results from the initial drill holes are expected to provide critical geological insights over the coming weeks.
The campaign is backed by funds raised earlier this year, following a placement that secured capital for exploration expansion. The initiative aligns with the company’s broader copper-gold strategy within the South American mineral belt, where many Mining Stocks, ASX 200 companies operate amid favorable resource conditions.
As the field operations progress, the company is expected to provide updates aligned with the core recovery and laboratory turnaround timelines. These reports will detail geological findings from the Chancho al Palo campaign and outline the next steps toward the Ilo Este drilling phase.
