Solis Minerals (ASX:SLM) has contracted a geophysical contractor to undertake a maiden drone airborne magnetometry survey to support fast-tracking target generation at the Guaneros Project in Peru.
The survey will also support identifying zones for further geophysical follow-up work and formulate the drill permitting applications. Any identified anomalies will be followed up where practical, with ground-based induced polarisation surveys to support final targeting and drill design programs.
Solis Minerals, which has a market capitalisation of $13.61 million, says the program will begin early next month, with results expected to be returned the same month.
Once completed, it is anticipated that the drone will move to the Cinto Project to conduct a survey over recently described copper mineralisation.
While this work is progressing, geochemical sampling and mapping will continue to gain a better understanding of any alteration and mineralisation styles present, as well as support with targeting of the first drilling program.
Solis to fast-track Guaneros target generation
Executive director Matthew Boyes says the company is starting to gain momentum in the exploration programs within its copper portfolio in Peru.
“Airborne mag surveys are a great tool to assist within the initial targeting of the first drillholes at Guaneros,” Boyes says.
“In conjunction with IP surveys and geochemical surveys we hope to start to see target generation similar to our Ilo Este and Chancho Al Palo targets on a prospective trend a few kilometres to the southeast and northwest respectively.
“Ilo Este in particular has an outstanding magnetic and IP geophysical signature combined with surface mineralisation in altered porphyry rocks.”
Boyes adds that the company is looking forward to seeing the first results and advancing the targets in Guaneros.
“We are advancing our four project areas in Peru and aim to have them aligned to be drilled sequentially, starting firstly with Chancho Al Palo as early as December this year, depending on permitting.”
Solis Minerals is an emerging lithium explorer focused on Latin American critical minerals.
Write to Aaliyah Rogan at Mining.com.au
Images: Solis Minerals
