Solaris Resources Inc. - SLSR STOCK NEWS

Solaris Resources (NYSE: SLSR) reports progress at its Warintza Project, announcing drilling program expansion to exceed 75,000m by year-end, surpassing the planned 60,000m. The company has advanced infrastructure development, including 25km of improved road access and 8km of new roads. Notable drill results include SLS-111 yielding 90m of 1.12% CuEq within 475m of 0.46% CuEq from surface, and SLS-107 returning 96m of 0.82% CuEq within 543m of 0.51% CuEq from surface. Technical programs include completed geotechnical drilling and ongoing metallurgical studies, with comminution testing showing reduced hardness in the upper deposit.

Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) has reported assay results from its ongoing 2024 drilling program at the Warintza Project in Ecuador. Key highlights include:

- SLS-102: 93m of 1.01% CuEq within 156m of 0.74% CuEq from surface
- SLS-103: 87m of 1.23% CuEq within 528m of 0.59% CuEq from surface
- SLS-104: 84m of 1.00% CuEq within 485m of 0.77% CuEq from surface
- SLSE-54: 258m of 0.52% CuEq within 399m of 0.41% CuEq from surface

These results build on the 2024 Mineral Resource Estimate (MRE), with intercepts of high-grade mineralization partially outside the MRE in the northwest and northeast sectors. The drilling program has improved modelled grades in sparsely drilled areas and is on track to exceed the planned 60,000m for the year, with over 53,000m drilled by the end of Q3/24.

Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) has reported assay results from its ongoing 60,000m 2024 drilling program at the Warintza Project in Ecuador. Highlights include:

1. Northwest Sector: SLS-100 intercepted 475m of 1.03% CuEq from surface, including 427m of 1.11% CuEq.

2. Southeast Sector: SLSE-50 intercepted 445m of 0.53% CuEq from surface, including 84m of 0.70% CuEq.

3. New drilling record: 10km drilled in August, surpassing the previous peak of 8km set in 2021.

4. Results continue to build on the 2024 Mineral Resource Estimate, with high-grade mineralization found outside the MRE in northwest and southeast sectors.

5. Mineralization remains open to the southeast for approximately 600m within a large soil anomaly.

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) has submitted an Environmental Impact Assessment (EIA) for the construction of the Warintza Project in southeastern Ecuador. The EIA, spanning over 3,000 pages, represents more than 3.5 years of work and aligns with international standards. To date, over US$170 million has been invested in the Project, with nearly 100% procurement through Ecuadorean supply chains and 55% from local cantons. The Project employs over 500 people and is a significant job creator in the region.

With this milestone, Solaris will draw the second tranche of US$15 million from its Offtake Credit Facility, maintaining a strong liquidity position of US$84 million. The company is also taking initial steps to emigrate to Ecuador, transitioning its head office to Quito and considering further alignment with local stakeholders and regulators.

Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) has reported significant drill results from its ongoing 60,000m drilling program at the Warintza Project in Ecuador. The company has extended near-surface, high-grade mineralization to the north, northwest, and southeast of the Mineral Resource Estimate (MRE). Key highlights include:

- SLS-86: 57m of 1.11% CuEq within 105m of 0.88% CuEq from near surface
- SLS-84: 69m of 0.82% CuEq within 102m of 0.64% CuEq from near surface
- SLS-82: 69m of 0.77% CuEq within 249m of 0.38% CuEq from surface

The company is focusing on open lateral extensions of mineralization and converting waste through infill drilling. Step-out platforms have been constructed to test potential expansions to the northwest and southwest, which could significantly enlarge the MRE pit.

Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) has successfully completed joint socialization programs for its initial exploration activities at the Warintza Project in southeastern Ecuador. The company has begun geotechnical drilling in the Caya-Mateo target and continues fieldwork in the Celestina epithermal gold/silver area. The socialization programs, attended by local communities and government representatives, focused on local hiring, training, and environmental management commitments.

Government delegates praised the transparency and community engagement in the process. Solaris aims to use this success as a template for broader ambitions in the northern Zamora belt, where it plans to secure a joint venture partner. The company's approach aligns with community values and demonstrates its commitment to responsible mining practices.

Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) has appointed Arun Lamba as Vice President, Corporate Development, effective immediately. Mr. Lamba brings nearly 15 years of experience in financial services and capital markets covering the mining sector. He most recently served as Senior Mining Analyst at TD Cowen. Mr. Lamba is a Chartered Financial Analyst with an MBA from the Rotman School of Management and degrees in engineering and economics from Queen's University.

Daniel Earle, President & CEO, expressed enthusiasm about welcoming Lamba to the team, highlighting his expertise in project, market, and transaction analysis. This appointment aims to support Solaris' efforts to create value for shareholders around their flagship Warintza Project and other portfolio assets.

Solaris Resources (TSX: SLS; NYSE: SLSR) has reported an In-Pit Mineral Resources Estimate (MRE) for its Warintza Project in Ecuador. Key highlights include:

1. 909 Mt at 0.53% CuEq (Measured & Indicated) and 1,426 Mt at 0.37% CuEq (Inferred) at a 0.25% CuEq cut-off grade.

2. Higher-grade mineralization of 427 Mt at 0.71% CuEq (Measured & Indicated) at a 0.50% CuEq cut-off grade.

3. Ongoing 2024 drill program of 60,000m targeting open extensions and upgrading resources.

4. Concurrent district exploration for epithermal gold/silver and porphyry copper discoveries.

5. Pre-Feasibility Study (PFS) planned for H2/25.