Solis Minerals Makes Promising Start at Chancho al Palo Copper-Gold Prospect

June 23, 2025 07:57 PM PDT | By Team Kalkine Media

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Solis Minerals Makes Promising Start at Chancho al Palo Copper-Gold Prospect — Image source: shutterstock

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Highlights

First drill hole intersects promising copper-gold mineralisation

Visual gold observed at 620m depth in initial drilling

Assay results expected to shape momentum through 2025

Solis Minerals Ltd (ASX:SLM) has reported encouraging initial results from its maiden diamond drilling program at the fully owned Chancho al Palo copper-gold project in Peru. The first drill hole, completed to a depth of 713 metres in June 2025, has revealed early indications of mineralisation, marking a significant step forward in the company’s exploration strategy.

The drill core has shown features typically associated with fertile copper-gold systems in the region. Mineralisation was encountered starting at approximately 184 metres, with visual gold identified around 620 metres. While these preliminary signs are promising, the company awaits definitive confirmation through laboratory assay results, which are expected between July and August 2025.

These early observations reflect the potential of the Chancho al Palo project to deliver meaningful exploration outcomes. The appearance of visible gold in the initial hole adds to the project's early momentum and could suggest the presence of a mineralised zone at depth.

CEO Mitch Thomas highlighted that the findings are aligned with regional geological expectations and could significantly enhance Solis Minerals’ exploration profile. He also provided insight into the broader development pipeline, noting that the company has three fully owned projects under active advancement. This diversified portfolio positions the company for regular exploration updates and potential value generation throughout 2025.

With its strategic holdings and strong early exploration signals, Solis Minerals is positioning itself as an emerging player in the copper-gold exploration space. While the current focus is on Chancho al Palo, the broader project suite strengthens the company's exposure to potential discoveries.

Solis Minerals, although not currently a component of the ASX300, is among several explorers seeking to achieve milestones that could build the foundation for future recognition within such benchmark indices.

The upcoming assay results will be a key milestone for the company, offering a clearer picture of the mineral potential at Chancho al Palo and possibly setting the stage for further drilling campaigns.

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