Solis Minerals Prepares for June Lithium Drilling in Brazil
Solis Minerals is set to commence its drilling program in Brazil's lithium-rich districts of Mandacaru and Campo Grande in June. This initiative follows extensive geological work revealing promising lithium-cesium-tantalum pegmatite targets, enhancing the company's position in the lithium market.
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Solis Minerals has scheduled its maiden drilling for June at the Mandacaru and Campo Grande lithium prospects in Brazil. Both sites have been identified as high-confidence, drill-ready targets following thorough geological assessments, including soil sampling and auger drilling, which showed significant lithium anomalies.
The company has retained key geologists from the original discovery of the nearby Colina project, enhancing its exploration capabilities. Historical data from Rio Tinto indicated peak lithium values of 362 ppm at Mandacaru and 294 ppm at Campo Grande.
The drilling program is funded by the company's existing cash reserves and follows a $500,000 acquisition cost for the project. Solis is also advancing copper projects in Peru, indicating a strategic expansion into multi-commodity exploration. These developments position Solis favorably for significant discoveries as global demand for lithium and copper increases.
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