RC Drill Rig Heading Back to Bluetooth Gold Prospect

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Stock Solstice Minerals Ltd (SLS.ASX)
Release Time 8 Jul 2025, 9:12 a.m.
Price Sensitive Yes
 RC Drill Rig Heading Back to Bluetooth Gold Prospect
Key Points
  • Drill sites prepared ahead of the imminent return of a Reverse Circulation (RC) drill rig to the emerging Bluetooth Gold Prospect in WA.
  • Planned Phase III RC drilling will continue to scope out the thick, near surface gold lodes as well as test key down-plunge positions.
  • Recent drilling at Bluetooth has yielded several significant RC intercepts, with results to date supporting the commercial potential of this outcropping gold system.
Full Summary

Solstice Minerals Limited (ASX: SLS, Solstice, the Company) is pleased to announce the imminent re-commencement of Reverse Circulation (RC) drilling at the Bluetooth Gold Prospect, located within the Company's Yarri Gold Project NE of Kalgoorlie Western Australia, with an RC rig on its way to site. This Phase III round of drilling will comprise approximately 16 RC holes for 1,500m and will aim to further scope the commercial potential of this emerging gold system - testing and extending near-surface gold lodes as well as testing key down-plunge positions. One-metre resampling of all previous drilling has confirmed the gold intercepts in initial composite samples, defining significant oxide gold mineralisation that extends over at least 800m of strike. Drill intercepts are considered to be close to true width and form shallow east-dipping zones of gold mineralisation associated with oxidised folded chert, ironstone and quartz veining, broadening into a fold closure toward the north. Significant shallow intercepts to date include 12m @ 2.86g/t Au, 12m @ 1.57g/t Au, 29m @ 1.58g/t Au and 1m @ 5.32g/t Au, 15m @ 1.90g/t Au, 20m @ 1.98g/t Au, 15m @ 1.89g/t Au, 23m @ 1.38g/t Au, and 17m @ 1.22g/t Au. The scale of the mineralised system and strong results reported to date suggest future commercial potential, and the geometry of the system appears favourable for shallow open pit extraction. Importantly, the Bluetooth area is well serviced by access and haul road infrastructure and there are two operating mills within 100km. The Company plans to continue to increase drill density to allow future Mineral Resource Estimation work, as well as scope underlying fresh-rock mineralisation and nearby structural targets. Additional RC drilling is also planned at the new Edjudina Range gold discovery, where Solstice's first-ever RC drilling has recently returned 16m @ 1.13g/t Au.

Guidance

The Company remains in a strong cash position, with $13.6M as of 31 March 2025, with an additional $2.13M recently received via a strategic placement.

Outlook

Solstice looks forward to reporting on the progress and results of this stage of RC drilling, and the team continues to work up new greenfield and advanced gold targets across its Yarri Project tenure. The Company is also active at its advanced Nanadie Copper-Gold Project, with an IP survey underway and first-stage RC drilling being designed ahead of first drilling in coming months.