Copper-Gold Drill Targets Take Shape at Nanadie

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Stock Solstice Minerals Ltd (SLS.ASX)
Release Time 31 Mar 2025, 9:28 a.m.
Price Sensitive Yes
 Copper-Gold Drill Targets Take Shape at Nanadie
Key Points
  • Strong progress with geological review and re-logging of historical drilling at Nanadie Copper-Gold Deposit
  • Potential to significantly expand the mineralised system which remains unconstrained along strike and at depth
  • Excellent RC drill targets identified in the south-eastern portion of the deposit with potential to increase grade
Full Summary

Solstice Minerals is conducting a thorough deposit-scale geological review to optimise future resource definition and extensional drilling at its 100% owned Nanadie Copper-Gold Project. Strong progress has been made, including re-logging of past diamond and RC drilling, selective capture of magnetic susceptibility and XRF geochemistry, and incorporation of past geophysical work over the deposit. The work has identified clear opportunities to expand the mineralised system, which starts near surface, remains lightly drilled, and is unconstrained along strike and at depth beyond the limits of drilling. In particular, the south-eastern margin and strike extensions of the deposit represent significant Mineral Resource Estimate (MRE) extension targets. The structure, geometry and internal architecture of the host mafic intrusive package is also being mapped, which may offer the opportunity to target increased grade in the lower (eastern) parts of the intrusive package, particularly where structure has focussed sulphide mineralisation. The current review and targeting work will also consider step-out copper-gold targets in the surrounding sand-covered areas with analogous geological setting. The Company aims to have a pipeline of high-impact exploration and/or MRE extension RC drill targets prepared and ready to drill by early H2 2025.

Outlook

The Company sees excellent potential to increase the current Nanadie resource with RC drilling to build on significant previous drill intercepts. The targeting work is expected to deliver a strong list of Phase 1 RC targets for H2 2025.