Solaris Resources (SLS.TO) Update - Apr 11

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

Solaris Resources (SLS.TO) Update - Apr 11

Post by dan_s »

From EPG member based in Calgary:

I wanted to bring to your attention our latest press release announcing the discovery of a new porphyry, “Patrimonio”, within the Warintza porphyry cluster.

Highlights

Located southwest of Warintza Central, with the northern extent of target found just outside the Mineral Resource Estimate (Link to MRE) shell
Discovered via reconnaissance mapping and sampling and defined by highly anomalous sampling over 1.5km long x 0.6km wide area where outcropping porphyritic diorite displays intense, pervasive biotite alteration and stockwork veining on the western side of a major north-south fault adjacent to Warintza Central
Rock chip samples from weathered outcrop at Patrimonio returned values of up to 1.6% Cu (averaging 0.18% Cu), 630 ppm Mo (averaging 104 ppm Mo) and 0.16 g/t Au (averaging 0.1 g/t Au)
Soil samples average 764 ppm Cu and 89 ppm Mo, comparable in copper values to Warintza East (887 ppm Cu, 87 ppm Mo) and Warintza Central (816 ppm Cu, 288 ppm Mo), with lower molybdenum values than Central
Together with high-level alteration assemblages observed in outcrop, this metal zonation implies Patrimonio is better preserved/less eroded than Central on the opposite side of the fault, but with similar stockwork veining suggesting the porphyry may be well mineralized
Field crews have established locations for the construction of an initial four drilling platforms in the northern half of Patrimonio, with the first drill hole at the northernmost platform expected to commence later this month
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Solaris Resources believes that they have a world class Copper discovery called Warintza. Several large-cap mining companies have expressed interest in buying it.
Dan Steffens
Energy Prospectus Group
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