Solstice Minerals (ASX:SLS) has started its first Reverse Circulation (RC) drilling program at the Bluetooth Gold Prospect, part of the Yarri Project in Western Australia. The program aims to explore a mineralised trend with strong historical gold results and includes approximately 20 shallow RC holes planned across 900 meters.
Solstice Minerals is progressing with its exploration strategy at the Yarri Project, focusing on the Bluetooth Gold Prospect. The RC drilling program targets a 1 km mineralised trend, supported by historical gold results. Completion is expected in November, with results in December. Additionally, aircore drilling results from the Bunjarra Gold Prospect are awaited to inform further drilling plans. Solstice's strategy includes developing quality gold targets across its extensive tenure and exploring business development opportunities. The company maintains a strong cash position of $15.8 million as of September 30, 2024, which supports its exploration endeavors.
The RC drilling is a key step in Solstice's strategy to identify and develop new gold prospects within its Yarri Project.