Machu Pichu
Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Solis Minerals (ASX:SLM) has increased its copper footprint at the Cinto project in Peru, with channel sampling picking up evidence of additional porphyry mineralisation, with assays such as 26.5 metres at 0.28% copper (Cu), including 5.4 metres at 1.0% Cu.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

This result was from Channel 11 and helps to build on previous sampling from Channels One and Six, where assays included 23.4m at 0.88% Cu and 16.8m at 0.52% Cu, respectively.

The data suggests Cinto features porphyry copper mineralisation of several styles across a potential area measuring 30 kilometres long and 0.75 kilometres wide, and Solis plans to follow this up with an induced-polarisation (IP) survey – for which planning is already underway – to aid in defining drill targets.

Drilling at Cinto will begin in the second half of 2025. (Solis has initiated permitting.)

“These results confirm the significant potential at the Cinto Project, where we’ve substantially expanded Solis’ porphyry copper mineralisation footprint,” Solis CEO Mitch Thomas said on the news.

And, he declared, expectations have now been raised. “Notably, we’re seeing mineralisation styles similar to those at the major Toquepala mine, just 15km away.”

More market news

Kowtow: “Biggest day in financial history” on Trump’s tariffs retreat

Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst

Mr Thomas continued: “Geophysical data from drone magnetometry supports scale potential and highlights new target areas. As a stand-alone project, Cinto is a compelling copper porphyry target.”

SLM shares have been trading at 8.1 cents each today.

Join the discussion: See what HotCopper users are saying about Solis Minerals and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

slm by the numbers
More From The Market Online

KGL Resources jumps 25% on US$300M funding deal

KGL Resources has entered into a US$300 million PMPA to help fund construction and development of…
London

With osteo Phase 3 trial at 50% recruitment, Paradigm Bio inks partnership with University of London

Paradigm Biopharma (ASX:PAR) has this week hit two big items out the park: first of all, hitting 50% recruitment

Terra hits multiple intersections at Southwest SW6 prospect; assays now due in next ~12 weeks

Terra Metals has hit multiple intersections of massive sulphides in drilling at the Southwest SW6 prospect…
Easter bunny in a business suit analyzing stock charts, symbolizing market strategy

ASX closed for Easter long weekend. Enjoy your chocolates and the holiday break!

Yes, yes, I know you’re itching to do some serious Australian market trading today, but everyone — especially our much-loved HotCopper forum users