Solstice Minerals (ASX: SLS) Strikes High-Grade Gold at Edjudina Range
Solstice Minerals (ASX: SLS) has made a significant new gold discovery at its Edjudina Range, part of the Yarri Gold Project in Western Australia. The company has confirmed high-grade gold mineralisation, positioning it as an attractive investment for those seeking exposure to new discoveries in tier-one mining jurisdictions.
The Edjudina Range discovery is associated with quartz veins, carbonate alteration, and arsenic pathfinder anomalism in deformed rocks. Solstice has completed 24 additional aircore holes to evaluate the orientation of gold-bearing structures and conduct step-out exploration. Recent drilling validated the site's potential, with five out of seven holes returning intercepts above 1g/t gold, including one-metre resampling results up to 20.90g/t gold. The gold mineralisation is found in fresh rock beneath the weathered zone, where previous drilling had identified widespread anomalous gold over a 1km strike length. Upcoming catalysts include results from recent aircore drilling at Edjudina Range and one-metre resampling results from the Bluetooth prospect. Solstice has approximately $7 million in cash and a market capitalisation around $30 million, enabling it to advance exploration programs across multiple fronts. The company's Nanadie Copper-Gold Project hosts an Inferred Mineral Resource of 40.4Mt @ 0.4% copper and 0.1g/t gold (162kt copper and 130koz gold).
Solstice Minerals' Edjudina Range discovery demonstrates significant potential, with high-grade gold mineralisation confirmed and upcoming drilling results expected to further define the extent of the deposit. With a strong cash position and a market capitalisation around $30 million, Solstice is well-positioned to advance its exploration programs and deliver value to investors seeking exposure to new gold discoveries in Western Australia.
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