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Solstice Minerals Limited ( (AU:SLS) ) has issued an announcement.
Solstice Minerals has completed follow-up diamond drillhole NANRCD005 to 840.4m at its Nanadie Copper-Gold Project in Western Australia, significantly deepening prior drilling. The hole, located about 60m west and 180m below the earlier NANRCD004, is the deepest drilled at Nanadie and remains within host gabbro and mafic rocks, with the targeted footwall still not reached.
Geologists logged extensive zones of visible chalcopyrite to at least 800m downhole in NANRCD005, indicating that the mineralised system extends roughly 500m below the current 2022 Mineral Resource Estimate boundary. While laboratory assays are pending in four to six weeks, the observed sulphide styles and abundances are comparable to earlier results, supporting substantial vertical and lateral growth potential for Nanadie.
The company is continuing diamond drilling along the 1.1 km strike to test depth, strike and lateral extensions, and to follow higher-grade copper-gold zones intercepted at the ends of recent RC holes. In parallel, a 10,000m Phase 2 RC program is advancing, combining step-out exploration, resource definition drilling and pre-collars for further diamond tails, underscoring an accelerated effort to expand and refine the project’s mineralised footprint.
The most recent analyst rating on (AU:SLS) stock is a Buy with a A$1.85 price target. To see the full list of analyst forecasts on Solstice Minerals Limited stock, see the AU:SLS Stock Forecast page.
More about Solstice Minerals Limited
Solstice Minerals Limited is an Australian mineral exploration company focused on copper and gold projects in Western Australia’s Goldfields region. Its flagship 100%-owned Nanadie Copper-Gold Project targets large-scale sulphide mineralisation over a strike length exceeding 1 km, positioning the company within the base and precious metals exploration segment.
Average Trading Volume: 778,576
Technical Sentiment Signal: Buy
Current Market Cap: A$229.8M
For a thorough assessment of SLS stock, go to TipRanks’ Stock Analysis page.