Solstice Minerals (ASX:SLS) intersects significant gold mineralisation in Bunjarra aircore drilling

Solstice Minerals Limited (ASX:SLS) has reported significant gold mineralisation in the Bunjarra Prospect as a result of follow-up aircore drilling. The standout shallow high-grade gold intercept of 10m @ 3.61g/t Au from 41m, including 5m @ 6.48g/t Au, has prompted the company to fast-track Reverse Circulation (RC) drilling to test for a potential bedrock gold source below the leached weathered profile. The results also indicate gold intercepts of greater than 0.5g/t Au in multiple locations over at least 2km along strike, supporting the company's belief in the potential of Bunjarra to deliver significant new gold mineralisation. Solstice Minerals remains well-funded with approximately $17.5 million, providing excellent leverage to gold exploration success.

Solstice Minerals' Chief Executive Officer and Managing Director, Mr Nick Castleden, on the recent results

A shallow, wide aircore drill hit of 10m @ 3.61g/t Au including 5m @ 6.48g/t gold is an exciting development for the Company. This result strongly validates a nearby intercept of 2m @ 1.85g/t Au from our initial aircore program and confirms this as is a genuine bedrock target that warrants immediate RC drilling to identify the underlying fresh-rock mineralisation. The December Quarter of 2024 will be a big one for the Company, with RC drilling occurring across significant targets, leveraging these exciting results and our strong balance sheet.

Outlook for Solstice Minerals and the Yarri Project

The recent follow-up aircore drilling at the Bunjarra and Box Soak Prospects has delivered highly promising results, validating the company's exploration strategy and reinforcing its belief in the potential for significant gold mineralisation. The identification of high-grade gold mineralisation has prompted the fast-tracking of RC drilling to test for potential bedrock gold sources. The company's well-funded position provides excellent leverage to gold exploration success, and it plans to continue its drilling campaign at Yarri to advance existing prospects and bring forward new targets for RC drilling. Solstice Minerals also continues to review compelling business development opportunities, aiming to expand its asset base beyond its current Projects.