Solaris Files La Verde Technical Report

Rhea-AI Summary

Solaris Resources Inc. (TSX: SLS, OTCQB: SLSSF) has filed a technical report for the La Verde project, which has been under care and maintenance since 2016. The report confirms that there are currently no mineral resources at La Verde. Solaris continues to develop its portfolio of copper and gold assets in the Americas, including high-grade resources at the Warintza project in Ecuador and ongoing exploration projects in Chile and Peru. The company holds a 60% interest in the La Verde joint-venture in Mexico, providing exposure to rising copper prices.

Positive

• Advancing high-grade resource at Warintza project in Ecuador.
• Exploration potential in Chile (Tamarugo) and Peru (Capricho, Paco Orco).
• Exposure to US$130M spending over 5 years through farm-out with Freeport-McMoRan on the Ricardo Project.

Negative

• La Verde project currently has no mineral resources.

VANCOUVER, BC, July 23, 2021 /PRNewswire/ - Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) ("Solaris" or the "Company") announces the filing of a technical report for La Verde further to its news release of May 12, 2021. As La Verde has been on care and maintenance since 2016, the Company filed an early exploration stage technical report for the project and there are therefore currently no mineral resources at the project.

On behalf of the Board of Solaris Resources Inc.

"Daniel Earle"
President & CEO, Director

About Solaris Resources Inc.

Solaris is advancing a portfolio of copper and gold assets in the Americas, which includes: a high-grade resource with expansion and additional discovery potential at the Warintza copper and gold project in Ecuador; discovery potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco projects in Peru; exposure to US$130M spending / 5-yrs through a farm-out agreement with Freeport-McMoRan on the Ricardo Project in Chile; and significant leverage to increasing copper prices through the 60%-interest in the La Verde joint-venture project in Mexico.

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SOURCE Solaris Resources Inc.

FAQ

What is the latest update on Solaris Resources' La Verde project?

Solaris Resources has filed a technical report confirming that there are currently no mineral resources at the La Verde project, which has been on care and maintenance since 2016.

What are the key projects of Solaris Resources Inc.?

Solaris Resources is advancing several projects including Warintza in Ecuador, Tamarugo in Chile, and Capricho and Paco Orco in Peru.

How much exposure does Solaris Resources have to copper prices?

Solaris Resources has significant leverage to increasing copper prices through its 60% interest in the La Verde joint-venture project in Mexico.