On August 11, 2025, Solis Minerals commenced a 5,000-metre diamond drilling campaign at its fully owned Ilo Este copper-gold project in southern Peru. The program begins in the north-eastern part of the concession, where drilling will test a strong magnetic anomaly, before shifting to the south to investigate a second anomaly. These targets were defined after detailed mapping, surface sampling, and reinterpretation of past geophysical surveys, giving the campaign a clear technical foundation and increasing the likelihood of intercepting meaningful mineralization.
Ilo Este is situated within Peru’s Coastal Belt, one of the world’s most productive porphyry copper provinces and home to major mining operations managed by companies such as Southern Copper, Teck, and Anglo American. Historical drilling campaigns have already demonstrated the area’s potential, with broad copper-gold intersections reported in programs conducted first by Rio Tinto and later by Latin Resources with Zahena. Solis’ new drilling is not only designed to validate those earlier results but also to explore newly identified targets that could reveal a much larger mineralized system, potentially on par with some of the region’s more established deposits.
The importance of this development lies in its potential to add a significant copper-gold resource to the global supply pipeline at a time when demand for copper is intensifying due to electrification and the clean energy transition. A discovery of scale at Ilo Este could substantially raise the project’s profile, attract strategic interest from major producers, and strengthen Peru’s position as a cornerstone of global copper production. For Solis Minerals, the campaign represents both a technical milestone and a strategic opportunity to transform a promising exploration play into a project of real economic significance
Company Profile – Solis Minerals Ltd.
Headquarters: Perth, Australia (dual-listed in Canada and Australia)
Primary Project: Ilo Este Copper-Gold Project (Moquegua, Peru)
Flagship Asset: Ilo Este (exploration-stage porphyry system)
Commodity Focus: Copper & Gold
Stage: Advanced exploration (5,000m diamond drilling program underway)