Solstice Minerals (ASX:SLS) Ramps Up Drilling at Yarri Gold Project

2 min read | October 04, 2024 02:06 PM AEST | By Team Kalkine Media

Highlights

  • Solstice Minerals to begin drilling at Yarri Gold Project.
  • Key targets include Bunjarra and Bluetooth prospects.
  • Additional samples from Edjudina Range and Cosmo under review.

Solstice Minerals (ASX:SLS) is gearing up for a significant drilling campaign at its Yarri Gold Project (YGP) in Western Australia’s eastern Goldfields. Shares of the company saw a 2.5% uptick as the announcement of these new drilling efforts gained attention.

Field crews are already on-site at the Yarri project, preparing for drilling at two key targets: the Bunjarra and Bluetooth prospects. The upcoming campaign will focus on further defining gold mineralization at these sites. The Bluetooth Prospect is of particular interest, stretching along a 1-kilometer zone where initial aircore drilling has uncovered gold grades up to 3.6 grams per tonne (g/t) in brief intersections, with nearby quartz veining offering additional promise.

The Bunjarra prospect, another high-priority area, is scheduled for drilling in mid-October. Previous aircore drilling at Bunjarra revealed gold hits, including 10 meters at 3.6 g/t gold over an expanding 2-kilometer trend. Solstice’s CEO, Nick Castleden, shared the company’s strategy for this phase, explaining that the next round of drilling at Bunjarra aims to refine the target areas for maiden reverse circulation (RC) drilling.

At Bluetooth, the focus will be on shallow RC drilling to further explore and build upon the strong historical results. This will be the first time RC rigs will test this prospect, marking a crucial step in Solstice’s exploration efforts.

Beyond Bunjarra and Bluetooth, Solstice Minerals is eyeing additional opportunities at its Edjudina Range and Cosmo prospects. While these targets are not yet slated for immediate drilling, samples from recent reconnaissance aircore drilling are already in the lab, with results expected to guide future exploration plans. Cosmo, in particular, has garnered attention due to its proximity to Northern Star’s Porphyry mining hub, suggesting potential synergies in the region.

With enthusiasm building around these promising targets, Solstice Minerals remains committed to advancing its exploration strategy at Yarri. The company’s shares were last trading at 22 cents per share.


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