Solstice Minerals (ASX:SLS) has begun an aircore drilling program at new gold targets within the Yarri Project in Western Australia.
The gold and base metals explorer aims to test areas of ‘highly prospective’ geology where shallow transported cover has prevented effective past exploration work.
Upon completing aircore drilling, Solstice will follow-up open gold anomalism in historical aircore holes at the Wallbrook South target and test unexplored structural targets at Edjudina Range and Boyce.
Solstice Minerals Managing Director and Chief Executive Officer (CEO) Nick Castleden says it’s ‘pleasing’ to see the first drilling campaign for 2024 underway testing new structural targets as early-stage exploration in soil-covered parts always have the potential to reveal ‘exciting’ gold systems.
“Aircore drilling this close to Kalgoorlie is both fast and cost-effective so we can plan for sequential aircore programs through the first half of this year, including rapid turnaround and follow-up should we get onto a new system.
Wallbrook South lies in a ‘highly’ gold mineralised setting and offers both extensions of anomalous trends in historical aircore drilling and untested multi-kilometre structural targets below shallow sand cover.
The Edjudina Range licence lies 20km to the northeast of Solstice’s Hobbs Gold deposit.
Meanwhile, the Boyce target is a large, predominantly soil-covered tenement that sits 20km northwest of Hobbes.
Within these areas, several targets are being prepared for drilling and on-ground heritage work is also planned for the remaining areas.
The company notes further heritage surveys are planned during the course of the drilling and additional targets may be added to the program as the heritage work progresses.
Solstice Minerals is a mineral explorer focused on its assets in the Eastern Goldfields of Western Australia.
As of 31 December 2023, the company had $8.2 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Solstice Minerals