Solitario acquires Bright Angel gold-copper project

Executive Summary

• Solitario Resources Corp. has acquired the Bright Angel copper-gold project in Colorado, adding a significant alkaline pipe-like porphyry system to its portfolio.
• The property features mineralized porphyry stockwork with significant gold and copper values, traced over an area of approximately 750m by 600m.
• Solitario has completed surface reconnaissance sampling with encouraging results and has submitted a notice of intent to the U.S. Forest Service to commence exploration drilling, targeting a permit for late 2026.

Key Details

• Transaction Structure: Solitario acquired the rights to earn 100-per-cent interest in the minerals from a private entity.
• Acquisition Date: September 2025.
• Project Location: Colorado, USA.
• Geology: Alkaline pipe-like porphyry system, characterized by potentially high grades for both gold and copper with deep roots. Lateral footprint is small (several hundred metres diameter) but extends to depths greater than 1,000 metres.
• Historical Context:
  • Originally discovered and drilled in the late 1960s by a private party (186 shallow holes, ~16m deep).
  • Anaconda Copper leased the property in 1970, drilled 11 core holes (270–783m depth), and held the lease for 10 years before exiting. Anaconda intersected 0.1% to 0.3% Cu but did not assay for gold due to fixed gold prices at the time.
  • Property sat idle for 50 years prior to Solitario's acquisition.
• Current Exploration Status:
  • Completed surface reconnaissance rock sampling program.
  • Submitted notice of intent to the U.S. Forest Service to commence exploration drilling.
  • Working on submitting a plan of operations.
  • Planned future work includes drone magnetic survey and possibly induced polarization geophysical survey.
• Sampling Results:
  • 27 select surface grab samples collected from an area ~750m x 600m.
  • Results show consistently anomalous to strong values of gold and copper.
  • Samples derived from porphyry intrusive rocks and skarn, displaying silicification, silica-filled fractures, sulphide, and copper mineralization.
  • Results are consistent with grades in the upper 20 metres of reported historic drill holes, though historic assay results are unverified by Solitario.
• Management Commentary: CEO Chris Herald compares the deposit type to Newmont’s Cadia-Ridgeway (20M oz Au, 10B lbs Cu), noting the potential for high-grade deposits in clusters.
• Upcoming Events: CEO Chris Herald will present at the 2026 Metals Investor Forum in Vancouver on Jan. 23, 2026, covering Bright Angel and other projects.

Notable Quotes

• "With gold and copper prices at all-time highs, we are extremely excited about the potential of our newly acquired Bright Angel gold-copper property. Our geologic evaluation of Bright Angel is that it is an alkaline pipe-like porphyry system characterized by potentially high grades for both gold and copper with deep roots. We are focused on obtaining a drilling permit and testing this exceptional target, hopefully in late 2026." — Chris Herald, President and CEO