Solaris Resources (SLS.TO) Update - Apr 3

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dan_s
Posts: 34463
Joined: Fri Apr 23, 2010 8:22 am

Solaris Resources (SLS.TO) Update - Apr 3

Post by dan_s »

From my "spy" in Calgary: Warintza is looking like a MAJOR copper discovery. Solaris is likely to sell Warintza for Big Bucks.
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Solaris' press release today announcing assay results from resource growth drilling at Warintza East as well as a newly identified second, higher grade porphyry center.

Highlights

Drilling has significantly expanded the dimensions of Warintza East to the north, east and south, where it remains open
SLSE-23: 626m of 0.50% CuEq from surface within 746m of 0.46% CuEq
SLSE-24: 156m of 0.52% CuEq from near surface within 410m of 0.30% CuEq
SLSE-20: 292m of 0.45% CuEq from surface within 900m of 0.30% CuEq
SLSE-21: 198m of 0.40% CuEq within 1,040m of 0.33% CuEq from surface

Identified a second porphyry center in SLSE-28 (pending hole), with visual interpretation suggesting potential for some of the strongest grades to date at Warintza East
Drilling has now validated a southern vector toward stronger soil anomalism, identifying a second, higher grade porphyry center opening up further expansion potential
Extensional and step-out drilling targeting this porphyry center

Recall: Warintza East (discovered mid-2021 and adjoins Warintza Central in a shared pit) only had 8 holes completed prior to the cut-off for inclusion in the Mineral Resource Estimate (Link to MRE) published in April 2022. Updated MRE expected by YE 2023 to include drilling at Central (Starter Pit growth) and East (overall resource growth).
Dan Steffens
Energy Prospectus Group
dan_s
Posts: 34463
Joined: Fri Apr 23, 2010 8:22 am

Re: Solaris Resources (SLS.TO) Update - Apr 3

Post by dan_s »

Today I saw five analyst update their price target for SLS
In Canadian Dollars
$12.50 National Bank of Canada research note
$20.00 TD Cowen research note
$17.00 BMO Capital research note
$14.00 Canaccord Genuity research note
$23.00 Beacon research note

At the time of this post SLS.TO was trading for $6.16Cdn

Risk Ratings are "Speculative Buy"
Dan Steffens
Energy Prospectus Group
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