Solstice Minerals Limited Uncovers Strong Near-Surface Gold Intercepts at Bluetooth, Boosting Open Pit Prospects and $13.6M Financial Flexibility
Tuesday, June 3, 2025
at
8:21 am
Solstice Minerals Limited reports robust gold intercepts at its Bluetooth Gold Prospect in Western Australia. Encouraged by near-surface, thick mineralisation, the company plans increased reverse circulation drilling to further explore the project's potential for future open pit extraction.
Solstice Minerals Limited has reported robust gold intercepts from its Phase II reverse circulation drilling at the Bluetooth Gold Prospect in Western Australia. The company revealed several significant four‐metre composite sample intercepts, including a 20‐metre intercept at 2.18g/t gold, another 20‐metre intercept at 2.01g/t gold featuring a 4‐metre section at 6.18g/t gold, a 16‐metre intercept at 2.13g/t gold, as well as additional intercepts ranging from 16 to 20 metres. These intercepts, recorded close to true width, define shallow, east-dipping zones of oxide gold mineralisation extending over at least 800 metres along strike and broadening towards a fold closure to the north. The technical details suggest a well-formed mineralised system that may be amenable to open pit extraction, with folding potentially thickening mineralisation down-dip and providing further targets for drilling.
These promising results build on earlier successful results at Bluetooth and complement recent discoveries at the Edjudina Range, with further assays pending from drilling at the Statesman Well Prospect. The project area benefits from excellent infrastructure, being serviced by haul roads and located within proximity to two operating mills within 100 kilometres, adding to its near-term commercial potential. Solstice’s Yarri Project covers over 1,650 square kilometres in a prolific gold province, enhancing the company’s exposure to multiple high-potential targets. Additionally, the company is advancing other projects, including the Nanadie Copper-Gold Project, underscoring a broader strategic focus on resource development in Western Australia.
From a sentiment perspective, the news carries a bullish tone due to the strong, consistent gold intercepts that reinforce the commercial potential of the Bluetooth Prospect and the disciplined approach to exploratory drilling. The near-surface mineralisation and favourable geometry for open pit mining contribute to an optimistic outlook for future resource development. On the bearish side, early-stage exploration investments inherently carry risks, and uncertainties remain regarding the extrapolation of these results into a full-scale mineral resource, particularly in a complex geological terrain. Nevertheless, with a sound drilling strategy supported by robust QAQC protocols and a healthy cash position, Solstice Minerals Limited appears well positioned for further discovery and potential value creation.