Solstice Minerals (ASX:SLS) initiates aircore drilling on new gold targets

Solstice Minerals Limited (ASX:SLS) has commenced aircore drilling to test new soil-covered litho-structural targets at Edjudina Range and Cosmo in WA's Eastern Goldfields. The drilling forms part of the company's strategy to explore under-tested areas of its highly prospective Yarri Project landholding, aiming to define completely new gold mineralisation suitable for development or processing.

Solstice Minerals (ASX:SLS) CEO and Managing Director, Mr Nick Castleden, on the aircore drilling program

Solstice's CEO and Managing Director, Mr Nick Castleden, expressed the company's pleasure in initiating the next aircore drilling program over promising soil-covered aeromagnetic and geological targets at Edjudina Range. He highlighted the cost-efficiency of this greenfield drilling strategy in the Goldfields and the excitement surrounding the potential discovery of new mineralisation, as demonstrated at Bunjarra. The company aims to test multiple targets and is well-funded for this exploration.

Exploration outlook and financial position

Solstice Minerals (ASX:SLS) has commenced aircore drilling on new gold targets at Edjudina Range and Cosmo, continuing its strategy to explore under-tested areas of its Yarri Project landholding. The company aims to define new gold mineralisation suitable for development or processing. With a strong cash position of approximately $17.5 million, Solstice is well-funded for its exploration activities. The current drilling campaign is expected to continue through Q3 and into Q4 2024, with the aim of identifying new targets for further drilling. The company's extensive footprint in WA's Eastern Goldfields provides strong leverage to gold exploration success, and it continues to review compelling business development opportunities.