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Solstice Minerals (ASX:SLS) appoints Chief Geologist as drilling kicks off at Hobbes

ASX News, Mining
ASX:SLS      MCAP $15.55M
29 June 2022 15:54 (AEST)

Drilling at the Hobbes prospect, Western Australia. Source: Solstice Minerals

Solstice Minerals (SLS) has appointed an experienced Chief Geologist ahead of its first drilling campaign at the Hobbes gold prospect in Western Australia.

The minerals exploration company owns an 80 per cent interest in the prospect, which lies within its Yarri project located northeast of Kalgoorlie.

Following an initial public offering in May, Solstice has kicked off a 5953 metre drilling program comprising both reverse circulation and diamond drilling.

Previous drilling at the prospect by other explorers delineated a sub-horizontal supergene gold blanket and overlying zones of deeply dipping primary gold mineralisation.

Solstice is looking to further define the known mineralisation by testing for extensions and the results will support a maiden mineral resource estimate.

Assisting with the program is newly appointed Chief Geologist John McIntyre who has over 35 years experience in multi-commodity minerals exploration in Australia and Tanzania.

His experience covers all facets of exploration, from project generative work through to resource definition. Mr McIntyre is also reportedly well versed in using modern geological, geophysical and litho-geochemical tools and methods to discover and develop mineral deposits.

Solstice Minerals’ Executive Director Alastair Morrison said the company is very excited to have Mr McIntyre onboard ahead of its first program, given his expertise.

Company shares were up 6.45 per cent trading at 16.5 cents at 2:59 pm AEST.

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