Solaris Reports 922m of 0.94% CuEq From Surface in Continued Expansion of Warintza Central
(1) No adjustments were made for recovery as the project is an early‐stage exploration project and metallurgical data to allow for estimation of
recoveries is not yet available. Solaris defines copper equivalent calculation for reporting purposes only. Copper‐equivalence calculated as: CuEq
(%) = Cu (%) + 3.33 × Mo (%) + 0.73 × Au (g/t), utilizing metal prices of Cu ‐ US$3.00/lb, Mo ‐ US$10.00/lb and Au ‐ US$1,500/oz.
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Solaris Reports 922m of 0.94% CuEq From Surface in
Continued Expansion of Warintza Central
March 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 resource
growth and discovery diamond drilling program at its Warintza Project (“Warintza” or “the Project”) in
south‐eastern Ecuador.
Highlights are listed below, with corresponding images in Figures 1‐2 and detailed results in Tables 1‐2.
An updated dynamic 3D model is available on the Company’s website.
Highlights
Three additional holes at Warintza Central, as detailed below, have returned long intervals of
high‐grade mineralization, with the highest grades starting from surface, and extending
mineralization between the eastern and western drilling and stepping out to the southwest.
SLS‐14 was collared on the western side of Warintza Central and drilled into an open volume to
the east, returning 922m of 0.94% CuEq¹ (0.79% Cu, 0.03% Mo, and 0.08 g/t Au) from surface,
including 850m of 0.98% CuEq¹ (0.82% Cu, 0.03% Mo, and 0.08 g/t Au), significantly extending
the limits of mineralization
SLS‐15 returned 1,002m of 0.60% CuEq¹ (0.52% Cu, 0.01% Mo, and 0.04 g/t Au) from surface,
including 694m of 0.67% CuEq¹ (0.57% Cu, 0.02% Mo, and 0.05 g/t Au) within a broader interval
of 1,229m of 0.56% CuEq¹ (0.48% Cu, 0.01% Mo, and 0.04 g/t Au), stepping out to the southeast
and extending mineralization to depth
SLS‐16 returned 958m of 0.77% CuEq¹ (0.63% Cu, 0.03% Mo, and 0.06 g/t Au) from near surface,
including 486m of 0.84% CuEq¹ (0.70% Cu, 0.03% Mo, and 0.07 g/t Au), extending mineralization
between the eastern and western drilling at Warintza Central
To date, 20,200 metres have been drilled at Warintza Central in 25 holes of which results have
been reported for 16; drilling is ongoing with six rigs currently operating and increasing to 12 by
mid‐year
Mr. Jorge Fierro, Vice President, Exploration, commented: “Our drilling continues to demonstrate
significant extensions of mineralization at Warintza Central with the latest results suggesting the
continuity of high‐grade mineralization between the eastern and western areas and extending the
mineralized envelope to the southeast. Our exploration drilling recently resulted in a new discovery at
Warintza West, with maiden drilling targeting new discoveries at Warintza East and South commencing in
the second quarter.”
(1) No adjustments were made for recovery as the project is an early‐stage exploration project and metallurgical data to allow for estimation of
recoveries is not yet available. Solaris defines copper equivalent calculation for reporting purposes only. Copper‐equivalence calculated as: CuEq
(%) = Cu (%) + 3.33 × Mo (%) + 0.73 × Au (g/t), utilizing metal prices of Cu ‐ US$3.00/lb, Mo ‐ US$10.00/lb and Au ‐ US$1,500/oz.
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Table 1 – Warintza Central Assay Results
Hole ID Date Reported From (m) To (m) Interval (m) Cu (%) Mo (%) Au (g/t) CuEq¹ (%)
SLS‐16
Mar 22, 2021
20 978 958 0.63 0.03 0.06 0.77
Including 358 844 486 0.70 0.03 0.07 0.84
SLS‐15 2 1231 1229 0.48 0.01 0.04 0.56
Including 2 1004 1002 0.52 0.01 0.04 0.60
Including 2 696 694 0.57 0.02 0.05 0.67
SLS‐14 0 922 922 0.79 0.03 0.08 0.94
Including 34 884 850 0.82 0.03 0.08 0.98
Including 52 836 784 0.84 0.03 0.09 1.00
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
SLS‐09 122 220 98 0.60 0.02 0.04 0.71
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.
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Table 2 – Collar Locations for New Drill Holes
Hole ID Easting Northing Elevation (m) Depth (m) Azimuth (degrees) Dip (degrees)
SLS‐16 800124 9648035 1580 1033 272 ‐77
SLS‐15 800191 9648059 1580 1231 222 ‐80
SLS‐14 799765 9648033 1571 1020 85 ‐80
Notes to table: The coordinates are in WGS84 17S Datum.
Figure 1 – Long Section of 3D Geophysics Looking Northeast
Note to Figure 1: Figure looks northeast and depicts high‐conductivity geophysical anomaly (defined at
100 ohm‐m) generated from 3D inversion of electromagnetic data, encompassing from left to right
Warintza West, Central, East and newly‐discovered Yawi target (Warintza South lies off image to south).
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Figure 2 ‐ Long Section of 3D Geophysics Looking Northeast at Warintza South
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.
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On behalf of the Board of Solaris Resources Inc.
“Daniel Earle”
President & CEO, Director
For Further Information
Jacqueline Wagenaar, VP Investor Relations
Direct: 416‐366‐5678 Ext. 203
Email: [email protected]
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 word “will” and “planned”
and similar expressions are intended to identify forward‐looking statements. These statements include statements
regarding our intent, or the beliefs or current expectations of our officers and directors, including statements made
with respect to future drilling plans, that six more drill rigs will be added by mid‐year, and that maiden drilling
targeting new discoveries at Warintza East and South will commence in the second quarter. 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 are based on a variety of assumptions including assumptions
made about the Company’s ability to advance exploration efforts at the Warintza Project; the results of such
exploration efforts; and the Company’s ability to advance its projects and achieve its growth objectives. These
statements also 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 the latest Solaris Management’s Discussion and Analysis and Annual
Information Form 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 obligation to publicly update
or revise any of these forward‐looking statements except as may be required by applicable securities laws.