VANCOUVER, BC, Aug. 24, 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 recently became aware that
Mr. Jorge Fierro, Solaris' Vice
President, Exploration, was not able to act as a Qualified Person
under NI 43-101 standards for select technical disclosure due to
Mr. Fierro being an "SME member" and not the required "SME
registered member".
Upon becoming aware of the above, Mr. Fierro began rectifying
the matter and is in the process of obtaining the required
registered member qualification, which is expected to be received
shortly. In the interim, the Company's director, Mr. Donald Taylor, a Qualified Person under NI
43-101, has reviewed and approved the scientific and technical
information in the Company's news releases and MD&As for which
Mr. Fierro previously took responsibility, other than the Company's
scientific and technical disclosure related to its La Verde project, which scientific and
technical information was based upon the technical report titled
"La Verde Copper Project" dated effective June 20, 2018, prepared by independent Qualified
Persons Patrick Stephenson, Alan
Riles, Mo Molavi,
Michael O'Brien, and Phillipe Lebleu, and which has been superseded
by the Company's most recent La
Verde technical report (see the Company's news release dated
July 23, 2021).
Mr. Fierro has over 22 years of exploration experience in
South America, including 10 years
in various positions with BHP Group, and is the protégé of the late
David Lowell, who arguably made more
discoveries of greater consequence than anyone in mining
history.
The Company looks forward to Mr. Fierro resuming his role as the
Company's Qualified Person.
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
with Teck Resources 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 word "expected" 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 statements that Mr. Fierro's is expected to receive his
required registered member qualification shortly. 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 SME approving Mr. Fierro's registration.
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 Solaris
Management's Discussion and Analysis
for the year ended December 31, 2020
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.
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content:https://www.prnewswire.com/news-releases/solaris-updates-technical-disclosure-301362148.html
SOURCE Solaris Resources Inc.
