IP Survey Underway at Nanadie Copper-Gold Project
| Stock | Solstice Minerals Ltd (SLS.ASX) |
|---|---|
| Release Time | 3 Jul 2025, 8:17 a.m. |
| Price Sensitive | Yes |
IP Survey Underway at Nanadie Copper-Gold Project
- IP geophysical surveying commenced at 100%-owned Nanadie Well Copper-Gold Deposit
- Program designed to prioritise key extensional targets adjacent to current Mineral Resource Estimate
- Nanadie is a high-volume near-surface body of disseminated and sulphide veinlet style chalcopyrite mineralisation
Solstice Minerals Limited (ASX: SLS) has commenced Induced Polarisation (IP) geophysical surveying at its 100%-owned Nanadie Well Copper-Gold Deposit. The program is designed to prioritise key extensional targets adjacent to the current Mineral Resource Estimate (MRE). Nanadie is a near-surface body of disseminated and sulphide veinlet style chalcopyrite (+/- pyrrhotite and pyrite) mineralisation up to 150m wide that lies below a shallow weathering profile, making it an ideal setting for the IP technique. A historical IP survey over the central MRE area outlined a strong IP response coincident with mineralisation, open to the depth limit of the technology used at the time (~200m vertical). The current IP survey will test the immediate northern and southern strike extensions of the Nanadie MRE, with a grid layout to allow a search window to 400m vertical depth. The findings will help prioritise strong geological MRE extension targets already identified and firm-up collar locations for a maiden Reverse Circulation (RC) drill program planned for Q3 2025. The northern and southern extensions of the Deposit are sparsely drill tested, and the margins of the MRE remain open to the edge of drilling information in several directions, with drillholes often mineralised to the end of hole. The entire Nanadie Deposit remains open at depth, and the current IP survey may add further targets in extensional positions. A successful Phase I campaign in these locations could pave the way for systematic RC drilling targeting a material MRE increase.
The Company anticipates steady activities and newsflow through the remainder of 2025, including results from the current IP survey and maiden RC drilling program at the Nanadie Copper-Gold Project, as well as ongoing exploration at the Yarri Gold Project.