Solis executes option to acquire Jaguar lithium project in Brazil

Solis Minerals Ltd. has provided shareholders with an update on its entry into a binding option agreement to purchase the “Jaguar” hard rock Lithium project in Bahia State Brazil.

Executive Director Matthew Boyes quoted: Brazil is fast becoming a significant player in the hard rock Lithium space. Solis’s primary objective is to quickly position itself by acquiring highly prospective underexplored projects in the northeast of Brazil. The Jaguar pegmatite hosts confirm LCT-bearing pegmatites with some of the coarsest and most abundant Spodumene occurrences I have seen. These tenements in what may be a new Lithium province are a fantastic addition to our already large tenement position in the northeast of Brazil, and with drilling to commence immediately, I am excited by this opportunity to better understand the potential of this very exciting system.”

A series of surface samples were collected from the exposed portion of the Jaguar pegmatite within an artisanal open pit or “Garimpo” located at the Jaguar project. Samples were taken from the Spodumene-rich pegmatite quartz core primarily to confirm the grade of the visible Spodumene mineralisation. All samples were assayed at SGS GEOSOL Laboratories Ltda Brazil. A field campaign will commence in the coming weeks to complete systematic geochemical sampling of all the known outcrops plus mapping and target generation for follow-up drill programmes; Solis has secured a drill rig and plans to commence drilling in June.

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