Solstice Minerals Limited Achieves Breakthrough 20m @1.02g/t Gold RC Drill Result at Edjudina, Bolstered by $13.6M Cash Reserves for Future Growth
Tuesday, May 27, 2025
at
8:20 am
Solstice Minerals Limited has confirmed a promising gold find at its Edjudina Range prospect, with RC drilling returning 20m at 1.02g/t Au. This result bolsters previous high-grade aircore intercepts and sets the stage for accelerated follow-up exploration in Western Australia’s Eastern Goldfields.
Solstice Minerals Limited has announced promising drilling results from its Edjudina Range gold discovery in Western Australia. The company completed its first-ever reverse circulation (RC) drilling at the site, with drillhole EDRRC001 returning a composite intercept of 20 meters at 1.02 grams per tonne of gold from a down-hole depth of 36 meters. These results align closely with earlier aircore drilling where intercepts of 2 meters at 3.17 g/t and 4 meters at 1.53 g/t gold were recorded, reinforcing confidence in the gold system. The mineralisation in the primary RC hole is associated with iron and manganese-stained quartz veins, carbonate alteration, and notable arsenic pathfinder anomalies, all of which indicate a robust and continuous gold-bearing structure that extends along a 1,000-meter strike length and remains open for further exploration in both directions.
The exploration campaign at the Edjudina Range is part of a broader drilling program that also targets the advanced Statesman Well and Bluetooth prospects, which lie 9km and 24km from the current discovery, respectively. Future plans include follow-up RC drilling with potential scissor holes to better define the orientation of the mineralised zone, as well as expanded aircore drilling to further delineate near-surface mineralisation. Assay results from other holes in the campaign are expected in the coming weeks, which could significantly influence the development of a Mineral Resource estimation. With a strong cash position of $13.6 million as of 31 March 2025 and strategically located, 100% owned belt-scale landholdings across the Eastern Goldfields, Solstice is well positioned for continued exploration and resource definition.
The news carries a bullish sentiment, given the encouraging drill intercepts, consistent mineralisation indicators, and clear follow-up plans aimed at expanding potentially commercial gold resources at shallow depths. The company’s strategic infrastructure-rich setting and robust financial position further enhance its upside potential. On the other hand, the results also highlight the early-stage nature of the exploration, and there remains inherent uncertainty until additional data confirms the continuity and economic viability of the gold system. This mix of encouraging technical results with the typical risks associated with exploration underscores the balanced outlook for the company in the current market.