Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) executive director Matt Boyes tells Proactive that maiden drilling at the Jaguar Project in Brazil has intersected shallow-dipping coarse spodumene-rich pegmatites in two initial diamond holes. He says a second rig is now being tendered to commence an additional 5,000 metre program.
Boyes called the early-stage findings a positive result for the team at Jaguar.
Confirmation of a lithium-caesium-tantalum (LCT)-bearing system that continues at depth below the artisanal workings is highly encouraging and we look forward to the arrival of a second drill rig, he noted.
As we extend our mapping and geochemical sampling programs, we are finding evidence of a potential stacked pegmatite system.
We are encouraged by our early results at the Jaguar project and we look forward to updating the market as we deliver results from this maiden drill program.
Solis is installing core-cutting facilities on-site and intends to start processing the existing core within the next week.
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