Solaris Identifies Additional Veins as Celestina Epithermal Target Takes Shape; Reports 16,019 g/t Silver and 25.3 g/t Gold in Follow-Up Sampling
Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) has reported promising results from its Celestina target area, part of its ongoing district exploration program. The company has identified three parallel vein exposures near the original breccia outcrop, with follow-up rock chip sampling yielding high values of 16,019 g/t silver and 25.3 g/t gold. These findings suggest the presence of an underlying silver-gold-base metals vein system.
The exploration target at Celestina is conceptualized to be in the underlying volcanic rocks, which may support robust vein and fracture formation. Ongoing fieldwork aims to locate additional exposures and define the system's extent. Recent geotechnical drilling in other target areas has also encountered promising alteration, indicating potential for further discoveries.
Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) ha riportato risultati promettenti dall'area obiettivo di Celestina, parte del suo programma di esplorazione nel distretto. L'azienda ha identificato tre affioramenti di vene parallele vicino all'affioramento originale della breccia, con campionamenti di roccia successivi che hanno evidenziato valori elevati di 16,019 g/t argento e 25.3 g/t oro. Questi risultati suggeriscono la presenza di un sistema di vene di argento-oro-metalli di base sottostante.
L'obiettivo dell'esplorazione a Celestina è concepito per trovarsi nelle rocce vulcaniche sottostanti, che potrebbero supportare una robusta formazione di vene e fratture. I lavori sul campo in corso mirano a individuare ulteriori affioramenti e definire l'estensione del sistema. Recenti perforazioni geotecniche in altre aree target hanno anche riscontrato alterazioni promettenti, indicando potenziale per ulteriori scoperte.
Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) ha reportado resultados prometedores del área objetivo Celestina, parte de su programa de exploración en el distrito. La empresa ha identificado tres afloramientos de vetas paralelas cerca del afloramiento original de brecha, con muestreos de roca de seguimiento que han arrojado valores altos de 16,019 g/t de plata y 25.3 g/t de oro. Estos hallazgos sugieren la presencia de un sistema de vetas de metales base de plata y oro subyacente.
El objetivo de exploración en Celestina se conceptualiza para estar en las rocas volcánicas subyacentes, que pueden soportar la formación sólida de vetas y fracturas. El trabajo de campo en curso tiene como objetivo localizar afloramientos adicionales y definir la extensión del sistema. Recentemente, la perforación geotécnica en otras áreas objetivo también ha encontrado alteraciones prometedoras, lo que indica un potencial para más descubrimientos.
Solaris Resources Inc. (TSX: SLS; NYSE: SLSR)는 진행 중인 지역 탐사 프로그램의 일환으로 Celestina 목표 지역에서 유망한 결과를 보고했습니다. 이 회사는 원래 혼합암 노출 근처에 세 개의 평행한 광맥 노출을 확인했습니다, 후속 암석 칩 샘플링에서 16,019 g/t의 은과 25.3 g/t의 금의 높은 값을 발견했습니다. 이러한 발견은 기본 금속의 은-금-광맥 시스템의 존재를 시사합니다.
Celestina에서의 탐사 목표는 기본적인 화산암 내부에 존재할 것으로 구상되며, 이는 강력한 광맥과 균열 형성을 지지할 수 있습니다. 현재 진행 중인 현장 작업은 추가 노출을 찾아내고 시스템의 범위를 정의하는 것을 목표로 하고 있습니다. 다른 목표 지역에서의 최근 지질공학적 시추에서도 유망한 변화를 발견하여 추가 발견의 가능성을 나타내고 있습니다.
Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) a rapporté des résultats prometteurs de sa zone cible de Celestina, qui fait partie de son programme d'exploration district. L'entreprise a identifié trois affleurements de veines parallèles près de l'affleurement d'origine de la brèche, avec des échantillons de roche ayant révélé des valeurs élevées de 16,019 g/t d'argent et 25.3 g/t d'or. Ces résultats suggèrent la présence d'un système de veines de métaux de base argent-or sous-jacent.
La cible d'exploration à Celestina est conceptualisée comme se trouvant dans les roches volcaniques sous-jacentes, qui pourraient soutenir la formation robuste de veines et de fractures. Des travaux de terrain en cours visent à localiser des expositions supplémentaires et à définir l'étendue du système. Des forages géotechniques récents dans d'autres zones cibles ont également rencontré des altérations prometteuses, indiquant un potentiel pour de nouvelles découvertes.
Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) hat vielversprechende Ergebnisse aus dem Zielbereich Celestina berichtet, der Teil des laufenden Explorationsprogramms im Bezirk ist. Das Unternehmen hat drei parallele Erzfunde identifiziert, die sich in der Nähe des ursprünglichen Brekzienvorkommens befinden, und nachfolgende Gesteinsprobenentnahmen haben hohe Werte von 16,019 g/t Silber und 25.3 g/t Gold ergeben. Diese Funde deuten auf das Vorhandensein eines darunterliegenden Silber-Gold-Basismetall-Vensystems hin.
Das Explorationsziel in Celestina wird in den darunterliegenden vulkanischen Gesteinen vermutet, die eine robuste Bildung von Erzgängen und Rissen unterstützen könnten. Laufende Feldarbeiten zielen darauf ab, weitere Funde zu lokalisieren und den Umfang des Systems zu definieren. Jüngste geotechnische Bohrungen in anderen Zielgebieten haben ebenfalls vielversprechende Veränderungen ergeben, was auf das Potenzial weiterer Entdeckungen hinweist.
- Identification of three parallel vein exposures in the Celestina target area
- High-grade sampling results: 16,019 g/t silver and 25.3 g/t gold
- Potential for a significant silver-gold-base metals vein system
- Ongoing fieldwork to expand coverage and define the system's extent
- Promising alteration encountered in geotechnical drilling at other target areas
- None.
Insights
The identification of additional veins at Celestina is a significant development in Solaris' exploration efforts. The discovery of high-grade samples containing
The geological model proposed, with a mudstone caprock overlying a more competent volcanic unit, is consistent with many productive epithermal systems. This stratigraphic relationship often leads to well-developed vein systems with high-grade mineralization. The ongoing geotechnical drilling will be important in confirming this model and guiding future exploration efforts.
However, it's important to note that surface sampling results, while encouraging, don't guarantee economic mineralization at depth. The true extent and consistency of the mineralization can only be determined through systematic drilling programs.
Solaris' exploration update presents several positive indicators for potential investors. The discovery of high-grade silver and gold in surface samples is encouraging, but it's important to maintain perspective. Surface sampling results often represent the best-case scenario and may not reflect the average grades of a potential deposit.
The company's methodical approach to exploration, including geochemical surveys, alteration mapping and planned geotechnical drilling, demonstrates a well-structured exploration strategy. This systematic approach increases the chances of success while managing exploration costs effectively.
Investors should note that Solaris is still in the early stages of exploration at Celestina. While the results are promising, significant work remains before any resource estimates or economic assessments can be made. The company's ability to secure funding for continued exploration and potential development will be important in the coming months to years.
From a financial perspective, these exploration results are encouraging but should be viewed cautiously. High-grade surface samples can generate excitement, but they don't directly translate to economic value. Investors should focus on Solaris' cash position and burn rate to ensure the company can fund a comprehensive exploration program.
The market often reacts positively to high-grade sample results, which could lead to a short-term boost in share price. However, long-term value will depend on the company's ability to define a sizeable, economically viable resource. This process typically requires years of exploration and significant capital investment.
It's worth noting that Solaris is exploring multiple targets simultaneously, which diversifies exploration risk but also increases costs. Investors should monitor the company's ability to prioritize and allocate resources effectively across its project portfolio. The company's success in attracting strategic partners or securing additional funding will be critical indicators of its long-term prospects.
QUITO, Ecuador, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) (“Solaris” or the “Company”) is pleased to provide an update on recent results from the Celestina target area as part of its continuing district exploration program. Celestina lies within the search domain for epithermal deposits east of the Warintza porphyry cluster and is defined by a 4.5km by 3km area of hydrothermal alteration and elevated zinc, lead, arsenic and mercury values in soil.
Additional prospecting in an overburden-covered area outside of these anomalies has identified three parallel vein exposures in creek beds within 100m either side of the original breccia outcrop (see press release dated June 25, 2024). Follow-up rock chip sampling has returned high values of 16,019 g/t silver and 25.3 g/t gold, with other samples supporting the presence of an underlying silver-gold-base metals vein system.
The exposures that have been identified to date are located in a soft and chemically-reactive mudstone unit that may have acted as a caprock to the hydrothermal system. The conceptual exploration target at Celestina therefore lies in the underlying volcanic rocks that had full exposure to the hydrothermal cell while also having the properties to support robust vein and fracture formation.
Ongoing field work is now focused on locating additional exposures that provide further views to the underlying vein system while expanding coverage to define its areal extent. More detailed mapping, sampling and alteration studies are aiming to better define zonation while nearby geotechnical drilling this month is expected to confirm the stratigraphic sequence. Together these efforts will aid in establishing vectors to support site selection for initial reconnaissance drilling.
District exploration efforts in other target areas continue to progress with recent geotechnical drilling in the Caya-Mateo target area encountering epithermal clay alteration beneath overburden in a sandstone unit and high-temperature alteration in the underlying volcanics. Geotechnical drilling in the Mateo area encountered the same high-temperature alteration in volcanics with follow-up mapping and sampling programs planned to extend coverage further southeast toward its interpreted core.
Figure 1 – Maps of Soil and Alteration Anomalies
Figure 1: Left - map showing zinc and lead soil anomalies that are thought to reflect zonation within the Celestina hydrothermal system together with arsenic and mercury epithermal pathfinder elements. Right - hydrothermal clay alteration anomalies provide additional information to establish zonation.
Figure 2 – Cross-Section of Conceptual Exploration Target
Figure 2: Conceptual cross-section showing mudstone unit hosting surface exposures stratigraphically above the exploration target in competent volcanic rocks capable of supporting robust vein development. Specimens from three quartz-carbonate veins displaying semi-massive sulphides. Lines in the scale bar in the photographs are at mm intervals.
Figure 3 – Vein Specimen Closeup
Figure 3: Specimen from quartz-carbonate vein which assayed 0.09 g/t Au, 21 g/t Ag, 42 ppm As, 11 ppm Sb. Lines in the scale bar in the photograph are at mm intervals.
Technical Information and Quality Control & Quality Assurance
Soil and rock sample assay results have been independently monitored through a quality control/quality assurance (“QA/QC”) program that includes the insertion of blind certified reference materials (standards), blanks and field duplicate samples. Logging and sampling are completed at a secured Company facility located on site. Sample pulps are sent to ALS Labs in Lima, Peru and Vancouver, Canada for analysis. Total copper and silver contents are determined by four-acid digestion with AAS finish. Gold is determined by fire assay of a 30-gram charge. In addition, selected pulp check samples are sent to Bureau Veritas lab in Lima, Peru. Both ALS Labs and Bureau Veritas lab are independent of Solaris. Solaris is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein. The technical data has been verified by Jorge Fierro, M.Sc., DIC, PG, using data validation and quality assurance procedures under high industry standards. The verification activities included a search for factual errors, completeness of the lithological and assay data, and suitability of the primary data. As part of the database verification activities, the assay information and certificates obtained directly from the analytical laboratory have been examined as well.
Qualified Person
The scientific and technical content of this press release has been reviewed and approved by Jorge Fierro, M.Sc., DIC, PG, Vice President Exploration of Solaris who is a “Qualified Person” as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects. Jorge Fierro is a Registered Professional Geologist through the SME (registered member #4279075).
On behalf of the Board of Solaris Resources Inc.
“Daniel Earle”
President & CEO, Director
For Further Information
Jacqueline Wagenaar, VP Investor Relations
Direct: 416-366-5678 Ext. 203
Email: jwagenaar@solarisresources.com
About Solaris Resources Inc.
Solaris is advancing a portfolio of copper and gold assets in the Americas, which includes a world class copper resource with expansion and discovery potential at its Warintza Project in Ecuador; a series of grass roots exploration projects with discovery potential in Peru and Chile; and significant leverage to increasing copper prices through its
Cautionary Notes and Forward-looking Statements
This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “will” and “expected” and similar expressions are intended to identify forward-looking statements. These statements include statements that other samples support the presence of an underlying silver-gold-base metals vein system, the mudstone unit may have acted as a caprock to the hydrothermal system, the conceptual exploration target at Celestina therefore lies in the underlying volcanic rocks that had full exposure to the hydrothermal cell while also having the properties to support robust vein and fracture formation, ongoing field work is now focused on locating additional exposures that provide further views to the underlying vein system while expanding coverage to define its areal extent, more detailed mapping, sampling and alteration studies are aiming to better define zonation while nearby geotechnical drilling this month is expected to confirm the stratigraphic sequence, together these efforts will aid in establishing vectors to support site selection for initial reconnaissance drilling, district exploration efforts in other target areas continue to progress with recent geotechnical drilling in the Caya-Mateo target area encountering epithermal clay alteration beneath overburden in a sandstone unit and high-temperature alteration in the underlying volcanics, geotechnical drilling in the Mateo area encountered the same high-temperature alteration in volcanics with follow-up mapping and sampling programs planned to extend coverage further southeast toward its interpreted core. Although Solaris believes that the expectations reflected in such forward-looking statements and/or information are reasonable, readers are cautioned that actual results may vary from the forward-looking statements. The Company has based these forward-looking statements and information on the Company’s current expectations and assumptions about future events including assumptions regarding the exploration and regional programs. These statements also involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Solaris Management’s Discussion and Analysis, for the year ended December 31, 2023 available at www.sedarplus.ca. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Solaris does not undertake any obligation to publicly update or revise any of these forward-looking statements except as may be required by applicable securities laws.
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FAQ
What are the latest sampling results from Solaris Resources' Celestina target?
How many new vein exposures has Solaris identified at the Celestina target?
What is the size of the Celestina target area for Solaris Resources?
What is Solaris Resources' next step in exploring the Celestina target?
