VANCOUVER, BC, May 12, 2021 /CNW/ - Solaris Resources
Inc. (TSX: SLS) (OTCQB: SLSSF) ("Solaris" or the "Company")
announces that as a result of a review by the British Columbia
Securities Commission, the Company is issuing the following news
release to clarify its disclosure and advises that it will amend
and update the June 20, 2018
technical report for La Verde (the
"2018 Report").
The mineral resources and economic analysis for La Verde based on the 2018 Report
are not supported by a compliant report and should not be
relied on until supported by a compliant National Instrument
43-101 technical report.
La Verde has been on care and
maintenance since 2016 and the Company does not currently have
exploration plans for it.
On behalf of the Board of Solaris Resources Inc.
"Daniel Earle"
President & CEO, Director
About Solaris Resources Inc.
Solaris is advancing a portfolio of copper and gold assets in
the Americas, which includes: a high-grade resource with expansion
and additional discovery potential at the Warintza copper and gold
project in Ecuador; discovery
potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco projects in Peru; exposure to US$130M spending / 5-yrs through a farm-out
agreement with Freeport-McMoRan on the Ricardo Project in
Chile; and significant leverage to
increasing copper prices through its 60%-interest in the
La Verde joint-venture project in
Mexico.
Cautionary Notes and Forward-looking Statements
This document contains certain forward-looking information
and forward-looking statements within the meaning of applicable
securities legislation (collectively "forward-looking
statements"). The use of the words "will" and similar expressions
are intended to identify forward-looking statements. These
statements include statements regarding our intent, or the beliefs
or current expectations of our officers and directors, including
the statement of preparing an update to the June 20, 2018 technical report for La Verde. Although Solaris believes that the
expectations reflected in such forward-looking statements and/or
information are reasonable, readers are cautioned that actual
results may vary from the forward-looking statements. These
statements are based on a variety of assumptions including
assumptions made about the Company's ability to complete an updated
technical report at La Verde and
its exploration plans for the future. These statements also involve
known and unknown risks, uncertainties and other factors that may
cause actual results or events to differ materially from those
anticipated in such forward-looking statements, including the
risks, uncertainties and other factors identified in the latest
Solaris Management's Discussion
and Analysis available at www.sedar.com. Furthermore, the
forward-looking statements contained in this news release are made
as at the date of this news release and Solaris does not undertake
any obligation to publicly update or revise any of these
forward-looking statements except as may be required by applicable
securities laws.
SOURCE Solaris Resources Inc.