Solaris Resources – A Complete Update On The Warintza Project And Growth Plans For This Year
Dan Earle, President and CEO of Solaris Resources (TSX:SLS – OTCQB:SLSSF) joins me for an introduction to this copper explorer that has outperformed the market. We focus on the flagship Warintza Project in Ecuador and the exploration planned for this year.
To start I have Dan recap the history of the Project and discovery. We then look at the Warintza Central area, which had the majority of drilling on it from last year’s program. There are also a couple other discoveries on the Project and new target still to be drilled. The plan is to follow up on all the new discoveries and continue to grow the resource.
If you have would like any future information on Solaris or the plans for this year please email me at Fleck@kereport.com.
Click here to read over the Solaris Corporate Presentation to learn more about the Company.
Not to get off topic but good news ………………..
“February 10, 2022 – Summa Silver Corp. (“Summa” or the “Company”) (TSXV:SSVR) (OTCQB: SSVRF) (Frankfurt:48X) announces that it has closed: (i) its previously announced brokered private placement offering (the “Offering”) for gross proceeds of approximately $9.33 million consisting of 10,377,765 units of the Company (the “Units”) at a price of $0.90 per Unit (the “Offering Price”), with a non-brokered portion of the offering (“Non-Brokered Portion”) for gross proceeds of approximately $2.16 million consisting of 2,400,000 Units at the Offering Price, for aggregate gross proceeds to the Company of approximately $11.5 million. Mr. Eric Sprott and First Majestic Silver Corp. subscribed into the Offering as lead subscribers.”
Summa, a little company that can ………………………
Inflation hotter then expected for January and what does gold do?—–it sells off. There is no winning for gold since this data point suggests a 50 basis point increase in interest rates which accounts for the sell off. It might even be an emergency increase before March. If inflation had come in better then expected gold also could have sold off since the markets could argue inflation is waning. Then again the other side of that coin is that one could think the FED wouldn’t have to be as aggressive in the future. Right now the PMs are being kicked to the curve. Just prepare for March which will be the determining month for the direction of the PMs for the next few weeks—the probabilities for a breakout for gold are the best in awhile but they still favor more of the same.
I keep getting this feeling that Gold is about to get whacked again by The Bankers, at least $50. They just can’t stand to see the price over $1800. There has been a little distress selling on The Gold Market and we have had a meeting of the heads of the major banks to discuss the situation. The last sentence is pure Fed Babble, otherwise what just happened to the price of gold was due to a “technical condition of the market”, rather than to any fundamental cause. More Fed Babble! LOL! DT