Solis Minerals begins drilling at Chancho al Palo copper project in Perú

Solis Minerals is a junior exploration company focused on copper development across a 65,100-hectare landholding in Peru, aiming to contribute to global copper supply amid growing demand for critical energy transition metals.

Solis Minerals (ASX:SLM) has officially commenced diamond drilling at its wholly owned Chancho al Palo Project in Peru, targeting high-priority anomalies in one of South America’s most geologically prospective copper belts.

The company has partnered with local contractor AKD International to support the drill campaign, which will test porphyry and iron-oxide-copper-gold anomalies across a 2,500-meter landholding. These targets were defined through surface mapping, sampling, and geophysical surveys.

Key Highlights:

• Drilling starts at Solis Minerals’ Chancho al Palo Project in Peru
• 2,500m drill program to test surface, geophysical, and sampling anomalies
• Focus on porphyry and IOCG (iron-oxide-copper-gold) systems
• Project lies 10km from the coast and 25km from Southern Copper’s refinery
• Assay results expected in July 2025

According to CEO Mitch Thomas, this campaign will explore a series of promising copper-related systems in close proximity to key infrastructure. “Chancho al Palo is just 25km from Southern Copper’s smelter and refinery complex. Their adjacent tenements reinforce the area’s geological potential,” Thomas noted.

Meanwhile, Solis — with a current market capitalization of $15.51 million — is also preparing to drill at its Ilo Este Project, located just 20km from Chancho al Palo, pending final permit approvals.

The company expects drilling to begin at both projects over the weekend (31 May–1 June). “It’s an exciting period as we systematically test high-priority targets across our Peruvian portfolio,” added Thomas.

Solis Minerals is a junior exploration company focused on copper development across a 65,100-hectare landholding in Peru, aiming to contribute to global copper supply amid growing demand for critical energy transition metals.