West Leederville,
Executive Director,
'A second large capacity drill rig has now commenced drilling at the Estrela prospect which will accelerate the programme. Between the two rigs, all currently known pegmatites on the Estrela tenements will be tested before year end.
'In addition to the Estrela drilling program, Solis is pleased to have contracted Mountain GMT to commence a large geochemical programme on several northern tenements in the
The Drilling Programme
The ongoing maiden drilling programme at Estrela consists of 3,600m for 23 diamond drillholes and will target four outcropping pegmatite bodies with identified spodumene in rock chip samples1. The outcropping pegmatites have been mapped over a strike distance of greater than 1.2km with surface expressions exhibiting widths up to 30m in artisanal workings.
Drillholes are designed to intersect the pegmatite bodies at between 60-120m below surface with the scope of demonstrating the bodies have potential to host economically viable volumes and grades of mineralisation. Solis expects this initial programme will complete before year end now the second rig has arrived on site.
This announcement is authorised by
Contact:
Executive Director
Tel: +61 8 6117 4795
About
The Company owns a 100% interest or option to acquire 100% interest in the
In addition, Solis also holds a 100% interest in 35,700ha of combined licences and applications of highly prospective IOCG (iron oxide copper/gold) and porphyry copper projects in southwestern
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 www.sedar.com. 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.
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
(C) 2023 Electronic News Publishing, source