Solis Announces Drill Rig Mobilised to Chancho al Palo, Peru

Core Viewpoint - Solis Minerals Limited is advancing its copper-gold projects in Peru, with significant drilling activities planned to explore and unlock value in its portfolio [2][4][10]. Group 1: Chancho al Palo Project - Drilling will commence at the 100% owned Chancho al Palo copper-gold project, with a diamond drill-rig mobilized to the site [3][4]. - The diamond drilling program will cover approximately 2,500 meters across several priority targets, aimed at testing multiple anomalies identified through recent surface mapping and geophysics [4][10]. - This marks the first drilling at Chancho al Palo, representing a major milestone in the company's exploration strategy [4][8]. Group 2: Ilo Este and Cinto Projects - The Ministry of Energy and Mines of Peru has approved the drill permit for the Ilo Este project, which is also 100% owned by Solis Minerals and located 20 kilometers from Chancho al Palo [5]. - A 5,000-meter diamond drilling program at Ilo Este is expected to commence in June 2025 [5][10]. - An induced polarization (IP) survey at the Cinto project is nearing completion, with results anticipated in June 2025 [6][10]. Group 3: Company Strategy and Leadership - The CEO of Solis Minerals expressed excitement about the maiden drill campaign at Chancho al Palo, highlighting its potential in a premier copper-producing region [8]. - The company is committed to maintaining a strong news flow across its copper-gold portfolio, with ongoing drilling and survey activities [9][10]. - Solis Minerals is strategically positioned to capitalize on growth opportunities within the mineral-rich region of South America, holding concessions totaling 69,200 hectares [12][13].