Minerals explorer Solstice Minerals (ASX:SLS) has uncovered a ‘promising’ area for drill testing at the GSP prospect within its Ringlock Dam Nickel Project in Western Australia.
Following the assays from Solstice’s recent diamond drilling campaign, the company has conducted detailed cross-section and long-section compilation and interpretation to guide follow-up work in the area.
Solstice says the compilation program revealed evidence that the mineralised ultramafic flows and associated remobilised footwall massive nickel sulphide occurrences form an overlapping channel of mineralisation that plunges moderately to grid south towards a local north-south-trending fault and associated cross-cutting porphyry intrusions.
Commenting on this discovery, Solstice Minerals Chief Executive Officer (CEO) and Managing Director Nick Castleden says: “Through a compilation of work at the main GSP drill area, various lines of evidence have emerged indicating that exploration should head southward and down-plunge towards a panel of ultramafic geology on the southern side of the Owen Fault, where there is surprisingly little drill information about the most prospective footwall ultramafic flow.
There are only a couple of holes testing the footwall panel, and encouragingly, an old percussion hole logs coincident nickel and copper geochemistry in a talc-carbonate ultramafic.
“We see an exciting target below this hole in a position in line with the GSP plunge”
We see an exciting target below this hole in a position in line with the GSP plunge. The most efficient way to test this zone will be via shallow RC drilling to constrain the orientation of the footwall contact, followed by targeted diamond drilling and down-hole EM surveys.”
Solstice says it has highlighted the need for further exploration into down-plunge and along-strike positions through its improved geological understanding and detailed interpretation of the geometry of the footwall surface and of disseminated sulphide-bearing flows.
Additionally, shallow reverse circulation (RC) drilling is planned to firm up the orientation of the prospective footwall contact ahead of possible targeted diamond drilling and down-hole electromagnetic (EM) survey work.
The GSP prospect is located within the Ringlock Dam Nickel Project area, about 65km north of Kalgoorlie.
Solstice Minerals is an ASX-listed company with gold and base metal projects in the Eastern Goldfields of Western Australia. The company reported it remained in a ‘robust’ cash position with $10.9 million cash at hand and no debt as of 31 March 2023, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Solstice Minerals Ltd