Market Alert: Gold and Silver Continue to Outperform with Robust Gains.
Solstice Minerals Limited (ASX: SLS) has announced the commencement of its maiden 5,000 metre Phase One reverse circulation (RC) drilling program at the 100 percent owned Nanadie Copper-Gold Project in Western Australia. The program is designed to expand the current Mineral Resource Estimate (MRE) of 40.4 million tonnes at 0.4 percent copper and 0.1 grams per tonne gold, equating to 162,000 tonnes of contained copper and 130,000 ounces of gold.
Drilling will target lateral, along strike and down dip extensions beyond the current 150 metre wide and 900-metre-long mineralised system, while also increasing drilling density within key areas of the block model. Located on a granted Mining Lease within an established mining region, Nanadie represents a significant growth opportunity as a disseminated sulphide copper-gold system. Chief Executive Officer and Managing Director Nick Castleden said that success in this proof-of-concept program could pave the way for systematic expansion drilling and testing of robust geological and IP targets.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.