Solaris Reports 600m of 1.0% CuEq and 462m of 1.0% CuEq From Surface, Continued Expansion of Warintza Central

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Overig advies 22/02/2021 14:47
February 22, 2021 – Vancouver, B.C. – Solaris Resources Inc. (TSX: SLS; OTCQB: SLSSF) ("Solaris" or the "Company") is pleased to report assay results from a series of additional holes from the ongoing diamond drilling program at its Warintza Project (“Warintza” or “the Project”) in south-eastern Ecuador.

Highlights from recent drilling are listed below and results are summarized in Tables 1 and 2. An updated 3D model will be posted on the Company’s website when available.


Four additional holes, as detailed below, have returned long intervals of high-grade mineralization starting from surface, extending the limits of mineralization to the west and northwest
SLS-10 was an extensional hole collared at the western limit of drilling and drilled to the west, returning 600m of 1.00% CuEq¹ (0.83% Cu, 0.02% Mo, and 0.12 g/t Au), including 546m of 1.06% CuEq¹ (0.88% Cu, 0.03% Mo, and 0.12 g/t Au) from surface, significantly extending mineralization in this direction
The high-grade interval of 600m of 1.00% CuEq¹ reported in SLS-10 corresponds to a high conductivity anomaly reflecting sulphide stockwork mineralization that continues to the west for a further 1.5km at or near surface and is being targeted in follow-up extensional drilling that is now underway
SLS-11 was an extensional hole collared in the southeastern portion of the current Warintza Central drill pattern and drilled to the northwest into an open area, returning 688m of 0.57% CuEq¹ (0.39% Cu, 0.04% Mo, and 0.05 g/t Au) from surface
SLS-12 returned 736m of 0.74% CuEq¹ (0.59% Cu, 0.03% Mo, and 0.07 g/t Au) from near surface, extending mineralization into an undrilled, open area between the eastern and western drilling at Warintza Central
SLS-13 stepped out approximately 100m beyond the western limit of Warintza Central drilling and was drilled north into an open area, returning 462m of 1.00% CuEq¹ (0.80% Cu, 0.04% Mo, and 0.09 g/t Au) from surface, with the hole ending prematurely in strong mineralization
To date, 17,400 metres have been drilled at Warintza Central in 21 holes of which results have been reported for 13; drilling is ongoing with six rigs currently operating and six more being added by mid-year, which will lead to a commensurate increase in the pace of results being reported
Mr. Jorge Fierro, Vice President, Exploration, commented: “Our drilling continues to demonstrate significant extensions of mineralization at Warintza Central with the latest results extending high-grade mineralization to the west, a direction in which the high-conductivity anomaly that correlates to high grade mineralization at Warintza Central continues for a further 1.5 km at or near surface and is being targeted in ongoing and planned drilling.”

Table 1 – Warintza Central Assay Results

Hole ID Date Reported From (m) To (m) Interval (m) Cu (%) Mo (%) Au (g/t) CuEq¹ (%)
SLS-13 Feb 22, 2021 6 468 462 0.80 0.04 0.09 1.00
SLS-12 22 758 736 0.59 0.03 0.07 0.74
SLS-11 6 694 688 0.39 0.04 0.05 0.57
SLS-10 2 602 600 0.83 0.02 0.12 1.00
Including 56 602 546 0.88 0.03 0.12 1.06
SLS-09 122 220 98 0.60 0.02 0.04 0.71
Including 122 168 46 0.96 0.03 0.05 1.09
SLS-08 Jan 14, 2021 134 588 454 0.51 0.03 0.03 0.62
SLS-07 0 1067 1067 0.49 0.02 0.04 0.60
SLS-06 Nov 23, 2020 8 892 884 0.50 0.03 0.04 0.62
SLS-05 18 936 918 0.43 0.01 0.04 0.50
SLS-04 0 1004 1004 0.59 0.03 0.05 0.71
SLS-03 Sep 28, 2020 4 1014 1010 0.59 0.02 0.10 0.71
SLS-02 0 660 660 0.79 0.03 0.10 0.97
SLS-01 Aug 10, 2020 1 568 567 0.80 0.04 0.10 1.00
Notes to table: Grades are uncut and true widths have not been determined.

Table 2 – Collar Locations for New Drill Holes

Hole ID Easting Northing Elevation (m) Depth (m) Azimuth (degrees) Dip (degrees)
SLS-13 799667 9648029 1499 468 0 -80
SLS-12 800124 9648035 1568 782 265 -62
SLS-11 800191 9648059 1570 860 280 -65
SLS-10 799765 9648033 1571 690 293 -77
SLS-09 800266 9648209 1493 500 0 -89
Notes to table: The coordinates are in WGS84 17S Datum.

Image 1 – Plan View

Image 1 – Plan View

Technical Information and Quality Control & Quality Assurance

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 in Quito, Ecuador. Drill core is cut in half on site and samples are securely transported to ALS Labs in Quito. Sample pulps are sent to ALS Labs in Lima, Peru and Vancouver, Canada for analysis. Total copper and molybdenum contents are determined by four-acid digestion with AAS finish. Gold is determined by fire assay of a 30-gram charge. ALS Labs is independent from Solaris. In addition, selected pulp check samples are sent to Bureau Veritas lab in Lima, Peru. 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.

Qualified Person
The scientific and technical content of this press release and the sampling, analytical and test data underlying the scientific and technical content has been compiled, reviewed, approved, and verified 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. The data was verified using data validation and quality assurance procedures under high industry standards. ZTEM data quality was validated by a qualified external professional.

On behalf of the Board of Solaris Resources Inc.

“Daniel Earle”
President & CEO, Director

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