Join our daily newsletter At The Bell to receive exclusive market insights
Solstice Minerals Ltd (ASX:SLS) is looking ahead to reverse circulation (RC) drilling at its Edjudina gold discovery in Western Australia, following strong results from a recent program of infill and step-out aircore drilling.
The latter included composite sampling results such as 5 metres at 1.89 grams per tonne (g/t) of gold (Au) from 68m in one hole within an anomalous zone of 8m at 1.04g/t Au
to end of hole (EOH); and 5m at 0.50g/t Au from 64m in another.
Gold mineralisation boasting notable grades was also found to be present on sections 200 metres apart, according to additional one metre resampling of composite samples from prior aircore drilling.
Included in this was 3m at 4.27g/t Au from 80m in one hole; and 4m at 1.53g/t Au from 48m in another, within an anomalous zone of 12m at 0.66g/t Au EOH (end-of-hole).
Solstice has now identified commercial grade gold mineralisation on three sections at 200m spacing, alongside association with alteration, quartz veining and pathfinder arsenic anomalism which defines an open gold-bearing system extending over at least 800m of strike and which remains open.
Also helping to highlight the value of the Edjudina discovery is the presence of strong mineralisation at the limit of aircore penetration (‘blade refusal’), which was picked up in the aircore drilling work.
Solstice intends to set up an RC rig at Edjudina following its major program at the more advanced Statesman Well and Bluetooth gold targets.
Solsrtice has been trading at 18 cents.
Join the discussion: See what HotCopper users are saying about Solstice and be part of the conversations that move the markets.
