Solis Minerals Limited has received approvals for drilling at its Chancho al Palo project in Peru, targeting a 7,500-meter diamond drilling campaign. Anticipated drilling at Ilo Este is forthcoming, and the results are expected to generate significant news flow throughout 2025. The projects are positioned within a region rich in copper resources and infrastructure, supporting large-scale mining potential.
Solis Minerals Limited has announced the approval to initiate drilling operations at its copper-gold project, Chancho al Palo, in Peru. The project, which Solis Minerals fully owns, will see a diamond drilling campaign of approximately 7,500 meters targeting copper-gold resources. Drilling is projected to commence imminently, marking the start of an exciting phase for the Company.
Alongside Chancho al Palo, Solis Minerals is also anticipating the receipt of drilling permits for another target, Ilo Este, which they expect within a few weeks. The dual drilling efforts will create a robust news flow for the company, aiding its mission to identify mining potential in this copper-rich region.
The drilling program at Chancho al Palo will start with five drill holes, totaling 2,500 meters, and has the potential for expansion based on favorable findings. The completion of this drilling program aligns with the Company’s commitment to its recent funding placement of A$4.5 million received earlier in 2025.
The exploration targets at Chancho al Palo and Ilo Este are situated near the coast and show promising surface mineralization, with critical infrastructure available for future mining operations. Importantly, the region is home to several global copper mining firms, reinforcing the project’s credibility.
Solis Minerals’ Chief Executive Officer, Mitch Thomas, expressed enthusiasm for the commencement of drilling, noting the potential for large-scale copper and gold systems in the area. The Company is optimistic about leveraging the high market prices for copper and gold to enhance shareholder value during this exploration phase.
Solis Minerals has received permits to start drilling at Chancho al Palo, reinforcing its commitment to identifying significant copper-gold resources in southern Peru. The concurrent drilling plans for Ilo Este promise robust news flow, positioning the Company strategically within a vital copper-producing region. With favorable market conditions, Solis Minerals aims to capitalize on this opportunity to enhance shareholder value.
Original Source: www.newsfilecorp.com
