Solaris Resources Inc. (TSX: SLS; NYSE: SLSR)
(“Solaris” or the “Company”) is pleased to announce the completion
of joint socialization programs with government entities and local
communities to support the initial exploration activities of its
district exploration programs at its Warintza Project (“Warintza”
or “the Project”) in southeastern Ecuador. The success of this
socialization provides a template for broader ambitions in the
northern Zamora belt for which the Company intends to secure a
joint venture partner.
Geotechnical drilling has now commenced in the
Caya-Mateo target which is expected to provide important geological
information to aid in more focused targeting efforts and subsequent
discovery drilling. Meanwhile, field work continues in the emerging
Celestina epithermal gold/silver area where prior sampling returned
values of up to 11,570 g/t silver and 12.3 g/t gold across 30cm of
breccia outcrop (refer to press release dated June 25, 2024), with
the next batch of results expected soon.
Socialization programs were
attended by members of local communities, canton and provincial
governments, and key ministries of the national government. The
Company presented its proposed initial exploration activities,
including commitments for local hiring and contracting, undertaking
education, technical training and capacity building, and community
relations and environmental management programs.
Mr. René Cuesta, delegate of the
Ministry of Energy and Mines, commented, “These types of
meetings show us that it is possible to do mineral exploration in a
united way: society, community, company and government. I
congratulate the Company and communities because communicating
ratifies work in mutual harmony without discrepancies. This shows
that the Company works for the development of the communities, and
for the good of Limón Indanza canton, Morona Santiago province and
Ecuador.”
Mr. Cristian León, delegate of the
Ministry of the Environment, commented, "We see that the
process of socialization has been carried out with total
transparency, complying with the previous processes of call and
information. It is gratifying to see that the community, cantonal
and provincial authorities all participated enthusiastically in
this socialization. This is a demonstration of responsibility and
commitment on all sides.”
Mr. Jorge Valverde, Political Head of
the Limón Indanza canton, commented, “Socialization with
the communities is very important since all the work that will be
carried out by the Company is informed by their input. The
communities have to understand what the processes are, the way of
working and how the hiring will be carried out. I am representing
the Governor, and I am very satisfied to see that people are
accepting this information provided by the Company.”
Mr. Federico Velásquez, President Latin
America of Solaris, commented, “Engaging with local
communities ensures their concerns are central to our planning and
enhances the benefits of our activities. Our exploration creates
economic opportunities, supports local businesses, and advances
community development. This approach aligns with community values,
promotes sustainable growth, and demonstrates our commitment to
responsible mining.” Technical Information and Quality
Control & Quality Assurance
Sample assay, 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.
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 RelationsDirect: 416-366-5678
Ext. 203Email: 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 60% interest in
the La Verde joint-venture project with a subsidiary of Teck
Resources in Mexico.
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 this
socialization provides a template for broader ambitions in the
northern Zamora belt for which the Company intends to secure a
joint venture partner, geotechnical drilling has now commenced in
the Caya-Mateo target which is expected to provide important
geological information to aid in more focused targeting efforts and
subsequent exploration drilling aimed at testing the discovery
potential, detailed mapping and sampling continues in the emerging
Celestina epithermal gold/silver area where prior sampling returned
values of up to 11,570 g/t silver and 12.3 g/t gold across 30cm of
breccia outcrop with the next batch of field results expected
shortly, proposed initial exploration activities, including
commitments for local hiring and contracting, undertaking technical
training and capacity building, and community relations and
environmental management programs. 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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