Lowell Mineral Exploration Incorporates New Employees from Its Area of Influence
August 17, 2020 – Quito, Ecuador – Lowell Mineral Exploration S.A. Ecuador, subsidiary of Solaris Resources Inc. (TSXV: SLS) ("Solaris" or the "Company") is pleased to announce that 45 new employees have joined Lowell Mineral Exploration’s Warintza Project, located in the province of Morona Santiago. The new employees are from the Shuar communities in our direct area of influence- Warints and Yawi-, as well as neighboring communities including Maikiuants, Tinkimints, Numpatkaim and the cantons of San Juan Bosco, Sucua, Morona and Gualaquiza. To date, and within our first year of exploration, 124 employees from our area of influence have been hired.
The roles of this new group of employees includes assistants to the departments of geology, environment, occupational health and safety and human resources. As part of Lowell’s labor regulations and corporate policies, they have all received technical training in mineral drilling, geology, environment and community relations, as well as occupational health and safety skills training. Importantly, protocols to mitigate against Covid-19 were also taught.
Federico Velásquez, Vice President of Operations for Solaris Resources, stated, “We are committed to Ecuador’s development and we support the creation of employment opportunities, specifically in our area of influence in the province of Morona Santiago. Currently, 94.66% of our employees are local. The creation of a Strategic Alliance has allowed us to work alongside the Shuar communities of Warints and Yawi, and develop employment, capacity and skill building, as well as entrepreneurship programs. This has all been possible through a solid relationship that is based on dialogue, transparency and participation”.
Following the phenomenal results announced last week, the hiring of this new group of employees responds to our need to advance our efforts in exploration. This is directly related to the work achieved through the Strategic Alliance between the Shuar Centres of Warints and Yawi and Lowell Mineral Exploration, in order to continue exploring on our concessions.
Clemente Tsuink, Coordinator of Mine Laborers and Field Employees for Lowell Mineral Exploration, and member of the Shuar community of Warints commented, “We are the first community that organized itself to participate in and benefit from a mining project through a Strategic Alliance that benefits both parties involved: the communities and the Company. The Warintza Project grants our community the opportunity to improve its education, healthcare, livelihood and employment. As Coordinator of Mine Laborers and Field Employees, I am proud to employ my people. We are at home, working on our land, and we are very content”.
For Further Information
Jacqueline Wagenaar, VP Investor Relations
Direct: 416-366-5678 Ext. 203
About Solaris Resources Inc.
Solaris is advancing a portfolio of copper and gold assets in the Americas, which includes: a high-grade resource with expansion and additional discovery potential at the Warintza copper and gold project in Ecuador; discovery potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco projects in Peru; exposure to US$130M spending / 5-yrs through a farm-out agreement with Freeport-McMoRan on the Ricardo Project in Chile; and significant leverage to increasing copper prices through the 60%-interest in the development-stage La Verde joint-venture project with 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 “intention”, “will”, “may”, “can”, “expect” and similar expressions are intended to identify forward-looking statements. Although Solaris believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Solaris can give no assurance that such expectations will prove to be correct. These statements 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 Solaris’ Management’s Discussion and Analysis for the year ended December 31, 2019 available at www.sedar.com. 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 obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.