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
The Market Online Video

Market Close: ASX Ltd drops on ASIC $150M raise request; iron ore offsets gold bounceback

Good Afternoon and welcome to Market Close for Monday of Week 51, I’m Jon Davidson.
HotCopper Daily Market Trends Graphic

Monday’s HotCopper trends: Winsome, 4D Medical, and other daily topics | Dec 15

With more than seven million users on the HotCopper forums, every discussion and speculation can move Australian markets, which is why getting out in front
A dirt road running through the Antimony Canyon project in Utah.

American Tungsten and Antimony leaves ‘Trigg’ name behind to start next era (and set fresh focus)

American Tungsten and Antimony has entered a new era, leaving the name "Trigg Minerals" behind to…
The Market Online Video

How to manage money on the average Aussie income

This week on Money and Investing, Mitch Olarenshaw and I break down how to manage money on the average Australian income, using practical