Solstice Minerals Limited Bolsters Exploration with 20-Hole Aircore Drilling at Edjudina Range and a Strong $13.6M Cash Position Driving Near-Term RC Success

Wednesday, June 25, 2025
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9:29 am
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Solstice Minerals Limited has completed a 20‐hole aircore drilling program at its Edjudina Range gold discovery in WA. Early results highlight a promising over 1km gold zone, setting the stage for targeted reverse circulation drilling to further delineate this near-term resource opportunity.

Solstice Minerals Limited announced the completion of a 20‐hole aircore drilling program at its Edjudina Range gold discovery in Western Australia. The aircore program, which covered a total of 1,520 meters, was designed to delineate and extend a more than one‐kilometer-long zone of bedrock gold mineralisation associated with quartz veining, carbonate alteration, and arsenic pathfinder anomalies. The company anticipates receiving assay results in the coming weeks that will further inform the design of their next round of reverse circulation drilling, following earlier promising results from composite resampling. Early reverse circulation data had already delivered commercial-grade intercepts, including a robust 16-meter interval at 1.13 grams per tonne gold from the first RC hole at Edjudina Range. Additional aircore intercepts have also returned encouraging figures, with several drillholes recording intercepts such as 2 meters at 5.16 grams per tonne gold and 4 meters at approximately 1.5–1.8 grams per tonne gold. These promising intersections are part of a broader exploration strategy, which also includes further RC drilling at the advanced Bluetooth and Statesman Well prospects located along the same geological trend. Recent RC results at those prospects have shown intercepts ranging up to 20 meters at around 2.18 grams per tonne gold and even an 8-meter interval at nearly 8 grams per tonne gold, highlighting the widespread potential of the region. The announcement also highlighted Solstice’s significant landholding within the Yarri Project—spanning 1,650 square kilometers in one of Australia’s most prolific gold provinces. With near-surface mineralisation and easy access to existing mining infrastructure, the company is well positioned to advance its projects toward the establishment of Mineral Resources. Furthermore, Solstice’s strong cash position, including over $13 million on hand and additional funding received through strategic placement, provides the financial stability needed to accelerate future drilling programs and exploration activities. There is a mix of bullish and bearish sentiment in the news flow. On the bullish side, the completion of the aircore drilling program, combined with impressive early results and planned follow-up RC drilling at three live prospects, signals strong exploration potential and near-term discovery opportunities. The technical intercepts offer encouraging evidence of commercial-grade mineralisation, while the company's solid financial position supports its aggressive exploration strategy. Conversely, from a cautious perspective, the final assay results for the current aircore program are still pending, meaning market participants should be mindful that until these figures are confirmed the exploration risk remains. Nonetheless, the detailed technical work and extensive QAQC protocols adopted by Solstice lend credibility to the reported results and future drilling plans.

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