New generation explorer Solstice Minerals (ASX:SLS) reports the presence of ‘encouraging’ primary gold (Au) mineralisation following a diamond drilling (DD) and reverse circulation (RC) program at its Yarri project in Western Australia (WA).
The results, generated by 27 RC and 10 DD holes, were taken from ‘significant’ zones of Au mineralisation beneath the shallow, horizontal supergene Au blanket in the Hobbes prospect, returning grades up to 33.56g/t Au and indicating both depth and strike potential.
Other key results include 11m at 4.47g/t Au from 264m including 0.55m at 19.28g/t Au from 273.35m (HOBRCDD0027), as well as 31m at 1.71g/t Au from 118m including 7.0m at 3.80g/t Au from 142m (HOBDD0002).
Half of the assays from the ten hole DD program have been received, with the remaining half currently pending.
Speaking on the results, Solstice Minerals’ Executive Director, Alastair Morrison said: “The assay results received to date from the diamond component of the recent drilling program at Hobbes have further extended the sub-vertical to steeply dipping zones of primary gold mineralisation beneath the shallow horizontal supergene blanket. These new intercepts reinforce the potential for Hobbes to host ‘significant’ primary gold mineralisation.
“These new intercepts reinforce the potential for Hobbes to host ‘significant’ primary gold mineralisation”
The recent advances in the geological understanding at Hobbes, recognising discrete stratigraphic units and northeast-striking bounding faults is now further progressed with the observation of gold occurring in association with thin quartz veins. Incrementally, we are advancing the interpretation at Hobbes which will assist greatly with both the upcoming MRE and future targeting.”
The company also notes preliminary interpretation of the results suggests the mineralisation is controlled by several sub-vertical to steeply west-southwest dipping north-northwest striking zones, which potentially developed at margins of or within permissive lithological units.
In addition, fine visible Au has been observed in drillholes HOBRCDD0003/0004 and is associated with thin quartz-carbonate veins within sub-vertical mineralised zones.
Solstice Minerals’ Yarri project is located about 150km northeast of the township of Kalgoorlie, between the Keith-Kilkenny Tectonic Zone (KKTZ) and the Laverton Tectonic Zone (LTZ), in Western Australia. The project comprises over 30 granted licences and applications that cover a total land area of 94km-square and is prospective for Au mineralisation.
Solstice Minerals announces it will move forward with a comprehensive interpretation of the results to support the definition of a maiden Mineral Resource Estimate (MRE) scheduled for completion in Q4 this year.
Images: Solstice Minerals Ltd
