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Solstice Uncovers New High-Grade Copper-Gold Zone at Nanadie

Story Highlights
  • Solstice has outlined a new high-grade copper-gold zone at Nanadie, led by strong intercepts in hole NANRC018 in the deposit’s northwest.
  • The Phase 1 drilling results suggest scope to expand Nanadie’s 40.4Mt resource and have prompted planning for an aggressive Phase 2 program.
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Solstice Uncovers New High-Grade Copper-Gold Zone at Nanadie

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Solstice Minerals Limited ( (AU:SLS) ) has shared an announcement.

Solstice Minerals has reported the emergence of a new high-grade copper-gold zone at its 100%-owned Nanadie Project in Western Australia’s Goldfields, following Phase 1 reverse circulation drilling. Key intercepts from hole NANRC018 at the north-western end of the deposit include 106 metres at 0.86% copper and 0.23 grams per tonne gold from 201 metres to end of hole, with several higher-grade sub-intervals, while assays for eight additional holes remain pending.

Results from holes NANRC018 and NANRC019, together with earlier high-grade intercepts to the south, indicate strong potential to materially expand the existing 40.4-million-tonne Mineral Resource Estimate and define multiple higher-grade positions along strike. Management says several holes ended in strong mineralisation and are being considered for diamond extensions, and the success of the initial program has already triggered planning for a Phase 2 drilling campaign targeting depth extensions, open high-grade intercepts and geophysical anomalies across the broader Nanadie system.

The most recent analyst rating on (AU:SLS) stock is a Hold with a A$0.98 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 exploration company focused on copper-gold assets in Western Australia’s Goldfields region. Its flagship 100%-owned Nanadie Copper-Gold Project, located northwest of Sandstone, targets large-scale, near-surface sulphide-hosted copper-gold mineralisation with potential for future high-volume, low-strip mining scenarios.

The company is advancing Nanadie through staged reverse circulation and diamond drilling programs aimed at expanding its current Mineral Resource Estimate. By testing depth and strike extensions and investigating induced polarisation targets, Solstice is seeking to define higher-grade zones that could enhance project economics and bolster its position in the competitive WA base and precious metals sector.

Average Trading Volume: 680,927

Technical Sentiment Signal: Buy

Current Market Cap: A$116.2M

For detailed information about SLS stock, go to TipRanks’ Stock Analysis page.

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