The anomalism sits at relatively shallow depths on multiple consecutive drill traverses over 800m of strike, and reports to silicified and sulphide altered rocks typical of known gold mineralised zones in the area. The Licence lies approximately 35km north of
Drilling focussed on the eastern portion of E39/2214, particularly targeting the strike extensions of a mineralised structural corridor in adjoining tenure. The target is covered by a blanket of shallow transported material shedding from a nearby chert and banded iron formation (BIF) ridge, which has limited the effectiveness of previous exploration. The prospectivity is supported by a recent RC and diamond drill out on adjoining tenure immediately along strike to the north. Composite sampling of this initial phase of drilling has returned wide zones of shallow gold anomalism toward end of hole (EOH), including 5m @ 0.42g/t Au from 34m in BOXAC021, 10m @ 0.20g/t Au from 21m in BOXAC002, 5m @ 0.23g/t Au from 44m in BOXAC024, and 5m @ 0.23g/t Au from 36m in BOXAC029.
Gold anomalism is associated with an oxidised fine-grained silicified volcaniclastic rock showing iron staining after pyrite alteration and minor quartz veining. The anomalism is also coincident with a deepened oxidation profile, suggesting structural and/or alteration activity in this position.
The Company is highly encouraged by these first-pass results, which validate the belief that the Box Soak Prospect has the ingredients to deliver significant gold mineralisation. The setting is known to be mineralised, with the Moody's Reward gold deposit located approximately 12km to the north on the same structure. Mineral Resources at Moody's were most recently quantified2 by
Infill drill traverses are currently being prepared ahead of further aircore drilling at Box Soak to firm up the width and continuity of the gold anomalism within the 800m long zone. Potential beyond this point is highlighted by Solstice rock chip sampling approximately 4km along strike to the south which identified gold mineralisation in BIF-quartz vein breccia grading up to 2.68g/t gold3 . In addition, recent heritage approvals at the advanced Bluetooth Prospect have paved the way for RC drill planning to follow-up past intercepts4 that include 12m @ 1.31g/t Au, 8m @ 1.66g/t Au and 2m @ 5.07g/t Au. Like most of the Company's Yarri landholding, the Box Soak Prospect area is close to existing infrastructure, with a haul road only 10km to the east. In this setting even modest scale mineralisation can deliver commercial outcomes - as evidenced by the recent sale of the Company's Hobbes tenement for
Forward Planning
Solstice's aircore drilling campaign at Yarri is set to continue throughout Q3 2024, with the aim of bringing forward new gold targets to be ranked alongside advanced gold targets such as Statesman Well and Bluetooth. Following the Box Soak infill aircore drilling the rig will carry out follow-up work at the Bunjarra Prospect5 , before it moves to test prospective first pass targets at the
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