12:03 PM EDT, 07/23/2024 (MT Newswires) -- Solis Minerals ( SLMFF ) last seen down 9.1%, on Tuesday provided an update on exploration activities at the recently claimed Guaneros Project in Peru.

The company contracted a geophysical contractor to carry out a maiden drone airborne magnetometry survey to assist in fast-tracking target generation, identify zones for further geophysical follow-up, and formulate the drill permitting application.

"In conjunction with IP surveys and geochemical surveys we hope to start to see target generation similar to our Ilo Este and Chancho Al Palo targets on a prospective trend a few kilometres to the south-east and north-west respectively. Ilo Este in particular has an outstanding magnetic and IP geophysical signature combined with surface mineralisation in altered porphyry rocks," said executive director Matthew Boyes

The company's shares were last seen down $0.015 to $0.15 on the TEX

Price: 0.15, Change: -0.02, Percent Change: -9.09