Solis Minerals (ASX:SLM) has launched a 3,600m diamond drilling program at its Estrela prospect in the Borborema province of Brazil.
The drilling will comprise 23 holes to target 4 outcropping pegmatite bodies with identified spodumene in rock chip samples.
The $23.27 million market capitalisation company designed the program to intersect the pegmatite bodies between 60m to 120m below surface, with the scope of demonstrating that the bodies have the potential to host economically viable volumes and grades of mineralisation.
Solis expects this program to take 2 months to complete, with a second rig scheduled to arrive on-site at the end of October.
Solis Minerals Executive Director Matthew Boyes says this program will maximise the chance of confirming the prospectivity and potential of the Estrela prospect.
“Early results from surface samples appear to be highly prospective, with at least 4 different spodumene-rich pegmatite outcrops sampled.
All samples returned high grades of lithium from the artisanal workings, from pegmatites up to 30m in apparent thickness. The purpose of this drill program is to demonstrate continuity of mineralisation and volume down-dip and along strike across the tenement.”
“The purpose of this drill program is to demonstrate continuity of mineralisation and volume down-dip and along strike across the tenement”
On top of the Estrela work, an additional 1,420m drilling program comprising 8 holes has also been designed for the Mina Vermelha prospect. The main pegmatite bodies located in the southern and central zones of the known outcropping pegmatites will be tested in this program.
Solis Minerals is an emerging explorer focused on critical minerals in Latin America. The company wholly owns the Borborema Lithium Project in northeast Brazil, covering 26,100 hectares.
As of 31 August, Solis Minerals had about $9.1 million cash at hand, according to its latest financial report.
Write to Aaliyah Rogan at Mining.com.au
Images: Solis Minerals
