Solstice Minerals Limited (ASX:SLS) accelerates drilling at Yarri gold project

Solstice Minerals Limited (ASX:SLS) has announced the acceleration of drilling activities at its Yarri Gold Project. The company is preparing for the next phases of drilling, including infill and follow-up aircore drilling at Bunjarra and its first-ever Reverse Circulation (RC) drilling at the advanced Bluetooth Gold Prospect. The field work is aimed at advancing new, commercially relevant gold prospects in the highly prospective and productive sector of WA's Eastern Goldfields.

Executive Commentary on Accelerated Drilling Activities

Solstice's Chief Executive Officer and Managing Director, Mr Nick Castleden, highlighted the company's ramped-up gold drilling activities following recent exploration successes. He mentioned that the field preparation is underway for follow-up aircore drilling at Bunjarra and at Bluetooth, where they intend to kick-off an exciting program of shallow RC to advance strong historical gold results. Mr Castleden also expressed the company's anticipation for reporting material results generated by the latest round of recce aircore drilling over geological targets at Edjudina Range and Cosmo.

Summary of Accelerated Drilling Activities and Outlook

Solstice Minerals Limited is accelerating its drilling activities at the Yarri Gold Project, with plans for infill and follow-up aircore drilling at Bunjarra and the first-ever Reverse Circulation (RC) drilling at the advanced Bluetooth Gold Prospect. The company's strategy is focused on bringing forward new, commercially relevant gold prospects in the highly prospective and productive sector of WA's Eastern Goldfields. The planned activities aim to tighten traverse spacing to fine-tune maiden RC drilling at Bunjarra and progress historical shallow, strong RC gold results at Bluetooth. Additionally, first-pass aircore drilling has been completed over promising soil-covered litho-structural targets at Edjudina Range and Cosmo, with samples submitted for analysis. Solstice continues to work on further quality greenfield gold targets on its Yarri Project tenure, with a focus on testing targets that offer potential for 'stand-alone' scale. The company's extensive belt-scale footprint in WA's Eastern Goldfields provides strong leverage to gold exploration success, supported by a robust cash position of $17.5 million as of 30 June 2024. Solstice Minerals is well-positioned to continue its exploration efforts and pursue compelling business development opportunities.