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- Significant wide copper-gold intercepts returned from two additional diamond ‘tails’
- Results highlight growing scale of mineralised system
- Higher-grade position taking shape in this part of the Nanadie mineralised system
- Step-out RC drilling across three traverses beyond limits of the current MRE
Solstice Minerals (ASX: SLS) continues to grow the Nanadie copper-gold project in WA’s Goldfields with new wide copper-gold intercepts from two additional diamond ‘tails’.
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CEO and MD, Nick Castleden, highlighted a particularly strong combined RC and diamond intercept of 148m at 0.77% copper, 0.20 grams per tonne (g/t) gold from 201m, with the diamond tail component adding an extra 43.4m at 0.56% copper, 0.15 g/t gold to a previously reported EOH intercept.
Mr Castleden said the assay results correlate well with logged sulphides and confirm that a high-grade position is present in this part of the Nanadie mineralised system, most of which sits beyond the current MRE boundary.
“Ongoing diamond and RC drilling continues to show that Nanadie is developing into a substantially larger copper-gold system that extends well beyond the current mineral resource,” he told shareholders.
“At the same time, the results strongly validate and refine our geological model, confirming that multiple zones of high-grade mineralisation extend well beyond the current MRE limits, particularly along the eastern side of the host gabbro.”
Mr Castleden said the combined 148m intercept was particularly encouraging. Together with nearby 51m at 1.03% copper and 0.29 g/t gold intercept, drilling is defining a broad, strongly mineralised position that sits immediately to the north of a local cross-fault and largely outside the current MRE boundary.
“More broadly, core assays to date continue to validate the zones of visible chalcopyrite mineralisation logged, and the results give us enormous confidence to keep pursuing zones of high-grade material well below existing drilling, and also potentially up-plunge into the current MRE area,” he said.
“Importantly, we are seeing growth on several fronts. Step-out RC drilling continues to extend the strike of mineralisation south of the current MRE, while our diamond drilling is testing the system at significantly greater depths.
“We are particularly looking forward to the results from NANRCD005, which, at 840m EOH, is our deepest hole to date and is interpreted to extend the host geology and sulphide mineralisation approximately 500m below the current MRE boundary.”
The company plans to have a second RC rig due on site shortly, drilling across the broader system and assays pending from a further 12 diamond tails and 18 RC holes.
“The results to date continue to reinforce our view that Nanadie is growing into a much larger copper-gold system than previously recognised, with the host gabbro and zones of copper sulphide mineralisation extending well beyond the limits of drilling.”
SLS was up 3.37% to $2.15. Mkt cap $358.0M.
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