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New Listing: Solaris Resources (TSXV:SLS)

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Solaris is managed by the Augusta Group, which boasts an unrivaled track record of value creation totaling over C$4.5 billion in exit transactions over the last decade and has strategic partnerships with the leading entrepreneurs in the mining sector.

Additional Information:

Company: Solaris Resources
Website: http://www.SolarisResources.com
Stock Symbol: TSXV: SLS
Date Published: Jul 13, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Solaris Resources is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “SLS”, following its spin off from Equinox gold.

Daniel Earle, President & CEO, stated: “We’d like to thank Equinox Gold, as well as our other strategic shareholders, for allowing us to bring this exciting company to market, and the tireless work of our employees for completing the listing process in an expedient fashion. With over C$25 million of cash on hand, the Company is well positioned to responsibly resume exploration at Warintza, with strict protocols in place to protect the health and safety of our workers and partner communities.”

Solaris is advancing a portfolio of copper and gold assets in the Americas.

The company expects to be drilling for discoveries at the Tamarugo and Ricardo projects in Chile and the Capricho and Paco Orco projects in Peru.

It also has significant leverage to increasing copper prices through its 60%‐interest in the development‐stage La Verde joint‐venture project with Teck Resources in Mexico.

La Verde has excellent infrastructure with paved road access to site with water, highway and rail nearby, a positive PEA and a resource estimate from 2012.

The company’s flagship project is the Warintza property in southeastern Ecuador.

The 26,777 hectare property is in the same belt as the Fruta del Norte gold mine and Mirador copper-gold mine, 40 kilometers to the south, and adjacent to the San Carlos-Panantza copper deposits, which have reported more than one billion tonnes of copper combined.

The area features excellent primary infrastructure, including high tension power lines supplying abundant hydroelectric power, highway access to Pacific ports with road into site under construction, and readily available fresh water.

Only shallow drilling averaging 200 meters via a portable rig has been completed to date, totaling less than 7 kilometers in 33 holes at Warintza Central, which covered approximately 700 meters of a 5 kilometer trend of outcropping, high-grade copper mineralization, which is open laterally and to depth, with holes bottoming in strong mineralization.

The property also includes a number of untested, multiple-kilometer scale gold targets.

The project has a pit-constrained Inferred resource estimate of 124 million tonnes grading 0.70% copper equivalent, with a very low waste to ore strip ratio below 1 to 1.

Solaris is managed by the Augusta Group, which boasts an unrivaled track record of value creation totaling over C$4.5 billion in exit transactions over the last decade and has strategic partnerships with the leading entrepreneurs in the mining sector.

The shares are trading at $1.50.

For more information, please visit the company’s website www.SolarisResources.com, contact Jacqueline Wagenaar, VP Investor Relations, at 416‐366‐5678 Ext. 203 or by email at jwagenaar@solarisresources.com.

I’m Megan Edwards for Investmentpitch Media