07:55 AM EDT, 08/02/2024 (MT Newswires) -- Solaris Resources ( SLSR ) said Friday that it completed the "joint socialization programs" with government entities and local communities to support the initial exploration activities at its Warintza project in Ecuador.

The company said the development provides a template for broader ambitions in the northern Zamora belt, where it intends to secure a joint venture partner.

Solaris said it has commenced geotechnical drilling in the Caya-Mateo target while field work continues in the emerging Celestina epithermal gold/silver area.

"Engaging with local communities ensures their concerns are central to our planning and enhances the benefits of our activities," said Federico Velasquez, president of Solaris' Latin America division. "Our exploration creates economic opportunities, supports local businesses, and advances community development."

Solaris' share price fell 3.2% yesterday to $3.33.