Yarri Project

(Gold)

Solstice is focusing its exploration activity across its gold targets within the Yarri Project extending over more than 100km strike of prime gold exploration terrain straddling the Keith-Kilkenny Tectonic Zone (KKTZ) and the Laverton Tectonic Zone (LTZ), both craton-scale structural features known to control gold mineralisation in the Eastern Goldfields.  The strategy is to test new ‘stand-alone scale’ gold targets in gold endowed greenstone belts – particularly where shallow (<40m) transported soil cover has prevented effective historical exploration. Solstice is in an excellent cash position to search for new commercial gold systems in the Yarri area, utilising a comprehensive regional database and a belt-scale regional tenement footprint. The landholding is continually reviewed as targets evolve, with the Company making strategic Licence acquisitions where it sees under-explored gold potential, and divestments as opportunities present.

Yarri Project Tenement Location

Statesman Well Prospect

At the Lake View licence (E31/1225), Solstice has undertaken compilation of historical exploration information and has identified significant drill results at the Statesman Well Prospect. A series of historical gold diggings extend over 1km in strike along outcropping sedimentary, BIF and mafic rocks. Historical shallow RC drilling in several locations along the trend outline a zone of continuous gold anomalism (>0.20g/t Au) of significant width, that hosts multiple commercial grade gold intercepts including:

  • SW19 22m @ 1.14g/t Au from 44m
  • SW27 10m @ 2.04g/t Au from 39m
  • SWRC18         10m @ 1.63g/t Au from 58m

Bluetooth Prospect

The Bluetooth Prospect is located within E39/1914 and is associated with a mylonitic shear zone defined by tectonic cherts and quartz veins within a sequence of felsic metasedimentary schists, graphitic and sulphidic shales.  Historical drilling, including 14 RC holes and 74 RAB holes, on nominal 100m line spacing, has defined a north-south mineralised zone interpreted by previous operators as dipping shallowly to the east, over a strike length of >800m. Better RC intercepts (using a 0.5g/t cut off) include:

  • CBP001      8m @ 1.66g/t Au from 0m
  • CBP007      4m @ 3.66g/t Au from 42m
  • CBP008      15m @ 0.95g/t Au from 61m
  • CBR014      2m @ 5.07g/t Au from 47m
  • CBR022      12m @ 1.31g/t Au from 25m

Bunjarra Licence

The Bunjarra  Licence is located approximately 70km northwest of Porphyry, and 50km southeast of Saturn Metals’ (ASX: STN) 1.84Moz Apollo Hill gold deposit. The Licence has promising structural settings, indications of gold mineralisation in on-strike positions, and is covered by a blanket of shallow transported alluvial material that has limited the effectiveness of previous exploration.

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