Solaris Resources, a copper mining company

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VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) (“Solaris” or the “Company”) is pleased to report additional drill results as its 2024 drilling program ramps up and a major expansion of planned meterage from 30km to 60km in this program. The expansion of the 2024 drilling program is supported by the closing of its recent financing and significant productivity improvements from past infrastructure investments and improved logistics and processes at its Warintza Project (“Warintza” or “the Project”) in southeastern Ecuador. Go to the Solaris website to see the full press release that has tables and maps.

Highlights

Latest drilling results include SLSE-33, collared on the southern margin of Warintza Southeast and drilled at a steep inclination northeast, returning 81m of 0.73% CuEq¹ from near surface within a broader interval of 544m of 0.50% CuEq¹ from surface and bottoming in mineralization

SLSE-35 was collared from a central platform at Warintza East and drilled east, returning 189m of 0.50% CuEq¹ from surface within a broader interval of 580m of 0.42% CuEq¹ and remaining open in mineralization, with the last 10m averaging 0.41% CuEq¹

Major expansion of 2024 drilling program from 30km to 60km supported by the proceeds of the recently closed financing (see press release dated June 10, 2024) and significant productivity improvements to target open lateral extensions of mineralization beyond the pit, including into the Patrimonio target area, improve drilling density and support technical studies

Continued drilling ramp up with six rigs completing 7.7 km in May and a seventh rig expected soon to challenge the prior peak drilling rate achieved with 12 rigs in 2021 primarily as a result of improved logistics from infrastructure investments, construction of on-site facilities and trail networks connecting new drilling platform locations together with process optimization

Updated mineral resource estimate on track for release early July

Ongoing regional exploration efforts have expanded the footprint of epithermal-style mineral alteration from the Caya area into the adjacent Mateo porphyry target 6km east of the Warintza cluster, while field crews have also been active on the newly-acquired adjacent claims (see press release dated April 30, 2024), with further details to be provided in subsequent releases

Mr. Javier Toro, Chief Operating Officer, commented: “We are very pleased to have doubled the planned drilling for the Warintza project which will contribute to future growth and improved confidence in resources while also providing technical data for mine design and mine planning purposes to support technical studies. The forthcoming mineral resource estimate update in July will reflect two years of additional drilling from the prior estimate in 2022, with drilling continuing through the end of the year.”

[dan_s]

Solaris Resources will be hosting an EPG webinar on July 17.