Solstice Minerals (ASX:SLS) reports ‘very encouraging’ gold and multi-element anomalism following an infill and extension soil sampling campaign over the Nippon licence area, which is part of its Ponton Project in Western Australia.
The results have confirmed the existence of ‘promising’ gold-in-soil anomalism and have identified a ‘significant’ gold anomaly up to 1.7km in strike length and 0.5km in width within the Nelson prospect, with a peak gold assay of 19.3ppb returned.
Speaking on the results, Solstice Minerals Executive Director Alastair Morrison said: “We are very encouraged by the definition of the Nelson, Trafalgar, and Swordsman gold prospects from the grassroots reconnaissance exploration at Nippon.
“We believe the area represents an exciting frontier opportunity”
We believe the area represents an exciting frontier opportunity, with limited previous exploration for gold and base metals. Further exploration is required to test the coincident gold and magnetic anomalism for significant mineralisation.”
The company also notes that additional ‘important’ gold anomalies returning grades of >5ppb have been defined, including the Trafalgar (1.8km long, 0.8km wide for 14.8ppb) and the Swordsman (1.1km long, 0.5km wide for 12.8ppb) prospects.
In addition, these defined anomalies are supported by multi-element and magnetic anomalism and have undergone no previous drilling, with the closest drilling being conducted about 300m to the east of Swordsman.
The Ponton Project tenements are located between 140-200km northeast of Kalgoorlie within the historic Pinjin Mining Centre in Western Australia and comprises four granted exploration licences and three exploration licence applications that cover a total land tenure of 908km-square.
The Nippon licence area is situated upon a considerably underexplored granite-greenstone terrane that forms part of the Archaen Yilgarn Craton, a geological setting known for large nickel and gold deposits.
With the soil-sampling campaign at Nippon now complete, Solstice Minerals reports that it will move forward with various metallurgical work, including plans for an aircore drilling program.
