Solis Minerals identifies new pegmatite drill targets at Borborema
September 11, 2023 at 02:21 pm EDT
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Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) exec director Matt Boyes gives Proactive an update on exploration activities at the Estrella prospect, within the Borborema Project area and the Jaguar Project, with two more drill rigs en route to explore the assets. The projects are in Brazil, an increasingly important exporter of lithium to battery manufacturers. Both projects cover highly prospective, hard-rock lithium ground as verified by early-stage reconnaissance mapping and sampling. At Borborema’s Estrella prospect, Solis has identified three large outcropping pegmatites with confirmed presence of spodumene. Float and rock chip samples confirmed these pegmatite bodies are lithium-bearing, with assay results of up to 7.6% lithium oxide.
Boyes said: “We are pleased to advise that exploration at the Borborema Project is delivering on expectations, yielding positive results from the preliminary reconnaissance mapping program.
“The identification of three new lithium-bearing outcropping pegmatites and rock chip samples returning up to 7.60% lithium oxide, is highly encouraging. The team is looking forward to completing the full geochemical soil program in the area, and then drilling the three outcropping pegmatite dykes.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Solis Minerals Limited is a Canada-based lithium explorer focusing on Latin American critical minerals. The Company owns a 100% interest or option to acquire 100% interest in the Borborema Lithium Project in northeast (NE) Brazil, covering approximately 26,100 hectares (ha). The Borborema Lithium Project targets exploration of Lithium-Caesium-Tantalum (LCT) bearing pegmatites. It also holds a 100% interest in approximately 35,700 ha of combined licenses and applications of highly prospective iron oxide copper/gold (IOCG) and porphyry copper projects in southwestern Peru within the country's prolific coastal copper belt - a source of nearly half of Peru's copper production. Its projects located in Peru include Il Este and Ilo Norte Copper Project, and Cinto Copper Project. The Ilo Norte Project in southern Peru is an IOCG and porphyry copper exploration target. The Company entered into an option agreement to acquire 100% interest of the Mina Vermelha project in the Borborema province.