STATESMAN WELL RETURNS SHALLOW HIGH-GRADE GOLD IN RC DRILLING

Solstice Minerals intersects bonanza-grade gold and identifies ~1km mineralised trend

Solstice Minerals Limited (ASX:SLS) has reported strong shallow gold intercepts from its first stage Reverse Circulation (RC) drilling at the Statesman Well Gold Prospect in Western Australia, highlighting a ~1km mineralised trend and generating new targets for follow-up.

Drilling returned multiple high-grade gold intervals across several locations. The standout intercepts include:

8m @ 7.94g/t Au from 12m in STWRC003, including
1m @ 39.75g/t Au from 13m, and
1m @ 16.10g/t Au from 19m
12m @ 1.44g/t Au from 88m in STWRC002
4m @ 2.54g/t Au from 52m in STWRC013
12m @ 0.76g/t Au from 16m in STWRC022

These results build on historical shallow RC intercepts, including:

22m @ 1.14g/t Au in SW19
24m @ 0.81g/t Au in SW10
10m @ 2.04g/t Au in SW27

Gold mineralisation is hosted in a strike-extensive chert +/- quartz-stockwork horizon, with evidence of a southerly plunging shoot and widening in several locations.

Solstice plans to follow up with high-priority RC drilling, especially around recent discoveries at Bluetooth and Edjudina Range, located 9km and 32km to the northwest, respectively. The Statesman Well prospect sits within the 1,600km² Yarri Project area in the Eastern Goldfields, which is serviced by haul roads and existing infrastructure.

Solstice Minerals’ Chief Executive Officer and Managing Director, Mr Nick Castleden, said:

It’s great to see some high-grade gold emerging at the lightly drilled Statesman Well mineralised trend – these shallow RC results provide impetus for continued work, particularly on extension and down-plunge aspects of the Prospect. We’re in great shape to add to excellent recent gold intercepts along the combined Statesman Well – Edjudina Range – Bluetooth mineralised trend, and the field team is back on deck getting drill access in place for a return of the RC rig ASAP. We’re also looking forward to reporting the results of a large batch of 1m resamples at both Bluetooth and Edjudina Range, which will help us vector in on grade and dip targets at those key prospects.