Tamarugo is a 5,100-hectare porphyry copper prospect in northern Chile, strategically located in the same geological area that hosts Chile’s largest porphyry copper deposits, including the Chuquicamata and La Escondida mines. Tamarugo is located approximately 85 km NE of Copiapo and within the same geological and structural setting as Codelco’s El Salvador Copper Mine, located approximately 65 km to the NE. Solaris Resources has entered into an option agreement with Freeport-McMoRan to earn up to a 75% interest in Tamarugo for gross expenditures of $5.5 million plus the delivery of a pre-feasibility study for a mine, subject to a back-in right in favour of Freeport.
Capricho is a 4,600-hectare property in Peru prospective for near-surface copper-molybdenum-gold mineralization. Mineralization is hosted in stockworks and altered intrusives from which rock chip samples have yielded up to 3% copper.
Paco Orco Property
Paco Orco is a 4,400-hectare property in Peru prospective for lead, zinc and silver. While the property is very early-stage, surface samples have yielded up to 58% lead, 0.26% zinc and 58 g/t silver. The gossan and jasperoid silica outcrop extends at least 2 kilometres.