As the price of gold has gone beyond all previous records, it may be the right time for investors to consider looking into mineral stocks and one of the companies which could be worth tracking is Solis Minerals Ltd (OTC:SLMFF). On February 19, the company was in significant focus after it made a major new announcement about its operations.
The Announcement
The company, which is mainly focussed on the exploration of gold and copper in Latin America, came up with a major new update with regards to its exploration operations at the Chocolate Project. The project in question is situated in Peru. In the news release, it was revealed that the exploration team, which had been working on the significant land package in Chocolate, had managed to discover mounting evidence of considerable mineralization at the surface level.
Further Information
More importantly, the geophysical data from the site had also revealed that there was potential for the discovery of large mineral systems at the site. The company also stated that it would continue to work on the systematic exploration of the property in order to identity new drill target and boost the extent of its pipeline of drilling prospects at the site.
Executive Director, Mike Parker, commented:
“As our exploration teams continue investigating the extensive land package at Chocolate, we are discovering increasing evidence of mineralisation exposed at surface, with geophysical data indicating the potential for large mineral systems.
Surface copper and gold grades, including IOCG sample 17397 (4.92% Cu and 2.47 g/t Au), highlight the exciting exploration potential as we refine our plans for further work at Chocolate.
