07:06 AM EDT, 07/22/2024 (MT Newswires) -- Solaris Resources ( SLSR ) on Monday reported an in-pit mineral resources estimate including higher grade mineralization for its Warintza project in Ecuador.
In-pit measured mineral resources are at 232 million tonnes at 0.64% copper equivalent and indicated resources are at 677 million tonnes at 0.49% copper equivalent, for measured and indicated resources of 909 million tonnes at 0.53% copper equivalent.
Complementary district exploration efforts are underway, with fieldwork targeting epithermal-style gold-silver mineralization south of Caya-Mateo.
Ongoing mineral resource drilling includes over 30,000 meters in the second half of the year targeting open extensions and upgrading mineral resources to support the pre-feasibility study in the second half of 2025.
Concurrent district exploration programs are targeting complementary discoveries from an expanded portfolio of epithermal gold/silver and porphyry copper targets.
"This new [mineral resource estimate] provides a solid foundation for future updates and a robust mine plan with a low strip ratio, simple metallurgy and clean concentrates," said Solaris COO Javier Toro.