Solstice Minerals Limited (ASX: $SLS) announces new gold anomalism discovery

Solstice Minerals Limited (ASX: $SLS) has reported the discovery of a new gold zone at the Box Soak Prospect, part of the 100%-owned Yarri Gold Project in WA's Eastern Goldfields. The reconnaissance aircore drilling has identified broad zones of gold anomalism in initial composite sampling, with results returning up to 5m @ 0.42g/t Au and 10m @ 0.20g/t Au in oxidised, silicified, and sulphide altered felsic volcaniclastic rocks. The gold anomalism sits below shallow transported cover and further aircore drilling is planned to evaluate and infill the gold anomalism at the Box Soak and Bunjarra Prospects, as well as to test prospective first-pass targets at the Edjudina Range and Cosmo Prospects.

Executive Commentary on Box Soak Prospect

Aircore work at Box Soak has confirmed that a regional mineralised structure extends through our tenure and hosts anomalous gold mineralisation in distinctly altered rocks over at least 800 metres. Drilling is currently at the very first stages, so we look forward to reporting on pending infill aircore drilling as well as 1 metre resampling of the broad anomalous intervals intercepted to date. We are excited to see what this new target can deliver - ideally aircore drilling will upgrade the prospect to a point where it is RC drill-ready alongside our other advanced gold prospects.

Summary of ASX Announcement

Solstice Minerals Limited (ASX: $SLS) has made a significant discovery of a new gold zone at the Box Soak Prospect, demonstrating broad zones of gold anomalism in initial composite sampling. The company plans to conduct further aircore drilling to evaluate and infill the gold anomalism at the Box Soak and Bunjarra Prospects, as well as to test prospective first-pass targets at the Edjudina Range and Cosmo Prospects. The recent sale of the Company's Hobbes tenement for $12.5 million to Northern Star Limited has highlighted the commercial potential of even modest scale mineralisation in the Yarri Project area. Solstice's aircore drilling campaign at Yarri is set to continue throughout Q3 2024, with the aim of bringing forward new gold targets to be ranked alongside advanced gold targets such as Statesman Well and Bluetooth. The company also plans a RC drill program during Q4 2024 to bring forward its advanced gold prospects and to test the structure and alteration zone below the oxidation profile at its emerging aircore drilling targets such as Box Soak and Bunjarra. Solstice Minerals continues to offer excellent leverage to gold exploration success, holding cash deposits of approximately $17.5 million, providing the company with flexibility to expand its asset base beyond its current Projects.