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Mining industry

Solstice Minerals Identifies New IP Targets at Nanadie Copper-Gold Deposit

Strategic Insights

— 2 min read

Solstice Minerals Limited has issued a news release advising that IP geophysical surveying has identified chargeable responses directly along strike from its 100%-owned Nanadie Copper-Gold Deposit in Western Australia. The new IP targets complement and help prioritize drilling of the strong geological MRE extension targets already identified from a first-principles geological review. The Nanadie Deposit remains open at depth and could provide a substantial base of strategic metals with strong future demand outlooks.

Key Takeaways:

  • Solstice Minerals has identified new IP targets at the Nanadie Copper-Gold Deposit, which complement and prioritize drilling of strong geological MRE extension targets.
  • The IP geophysical surveying identified chargeable responses directly along strike from the deposit, indicating potential for mineralization.
  • The Nanadie Deposit is a near-surface body of disseminated and sulphide veinlet style chalcopyrite mineralization up to 150m wide and 900m long.
  • The deposit is considered well suited to IP geophysical techniques due to its geological setting and disseminated mineralization.
  • The Company plans to generate a maiden RC drill program in the coming months to test the new IP targets and gather further information on the deposit's potential.
  • The Nanadie Deposit is situated within a granted Mining Lease approximately 100km northwest of Sandstone and is supported by an existing Inferred MRE of 40.4 million tonnes at 0.4% copper and 0.1g/t gold.
  • The deposit has significant historical drill intercepts, including 107.8m at 0.91% Cu and 0.24g/t Au, 76m at 0.85% Cu and 0.39g/t Au, 122.3m at 0.61% Cu and 0.15g/t Au, and 81m at 0.79% Cu and 0.23g/t Au.
  • Approximately 90% of the MRE is fresh rock mineralization below 40m depth and comprises disseminated and remobilised veinlet style chalcopyrite mineralization.
  • The Company continues to actively explore for gold on its 1,610km2 of exploration landholdings at the Yarri Project 150km NE of Kalgoorlie in the Eastern Goldfields.

Statistics:

  • The Nanadie Copper-Gold Deposit is located 100km NW of Sandstone in Western Australia and is supported by an existing Inferred MRE of 40.4 million tonnes at 0.4% copper and 0.1g/t gold.
  • The deposit has significant historical drill intercepts, including 107.8m at 0.91% Cu and 0.24g/t Au, 76m at 0.85% Cu and 0.39g/t Au, 122.3m at 0.61% Cu and 0.15g/t Au, and 81m at 0.79% Cu and 0.23g/t Au.
  • Approximately 90% of the MRE is fresh rock mineralization below 40m depth.
  • The Company has 1,610km2 of exploration landholdings at the Yarri Project 150km NE of Kalgoorlie in the Eastern Goldfields.

Sources:

  • Solstice Minerals Limited, "Nanadie Copper-Gold Deposit IP Geophysical Survey Highlights Strong Chargeability Responses Along Strike" (2024).

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