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Solaris Resources Inc.
Summary
| Project: | Warintza | |
|---|---|---|
| Deposit: | Warintza | |
| Location: | Ecuador | |
| Commodities: | Copper-Molybdenum | |
| Date: | 12/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-12-2019: Solaris Resources Inc. announces a Resource Estimation report for its Warintza deposit at the Warintza project. Updated mineral resource estimate. The Warintza Project (“Project”) is in the canton Limon Indaza, province of Morona Santiago, Ecu | |
| Resources: | (Resource, Inf.): 123.76Mt @ 0.56% Cu, 0.028% Mo, 0.06g/t Au at Warintza Central | |
| CP/QP: | [Resources]: Trevor Rabb (Equity Exploration Consultants Ltd.) | |
| ABSTRACT: | The Warintza Project (“Project”) is in the canton Limon Indaza, province of Morona Santiago, Ecuador. The Project is situated 85 km east of the major city of Cuenca, in a rural part of the Cordillera del Cóndor, an inland mountain range forming the border between Ecuador and Peru. The site can be accessed year‐round by airplane or helicopter. The Project is 100% owned by Solaris Resources Inc (“Company”) and comprises the Warintza Property (“Property”) which include eight metallic mineral concessions covering 268 km2 . Herein, Property and Project are used synonymously to refer to the Warintza Project. Three concessions with an area of 10 km2 are permitted for exploration activities including drilling and path construction. There are four new concessions contiguous with the original concession and one concession to the northwest. BHP Billiton holds a 2% net smelter royalty on the original three concessions. The Property is underlain by Jurassic supracrustal volcanic and sedimentary rocks of the Mishuallli Member of the Chapiza Formation, as well as Jurassic granitoids of the Zamora Batholith. These rocks are intruded by Late Jurassic syn‐mineralization porphyry and hydrothermal breccia that host the Warintza Central Deposit and are of similar age to other porphyry and epithermal deposits in the Zamora Cu‐Au belt (e.g. Fruta del Norte, Mirador). Warintza Central Deposit is a calc‐alkalic copper‐molybdenum porphyry deposit with Cu mineralization (but not Mo) partly redistributed by supergene processes to form leached and underlying supergene‐enriched zones that both overlie primary mineralization. Four additional Cu ± Mo rock and soil anomalies including El Trinche, Warintza West, East and South are defined on the Project but have not been drill‐tested. | |
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