Can Bluetooth’s Fresh Rock Mineralisation Unlock Open Pit Potential?

Resampling Reinforces Gold Potential

Solstice Minerals Limited (ASX – SLS) has reported compelling results from one-metre resampling of its Phase III reverse circulation drilling at the Bluetooth Gold Prospect, part of its Yarri Gold Project in Western Australia. The detailed resampling has confirmed and upgraded previously reported wide, near-surface gold intercepts, highlighting robust oxide gold mineralisation within broad zones of strong anomalism.

Among the standout intercepts are 18 metres at 3.06 grams per tonne gold from 60 metres depth, and 13 metres at 1.98 grams per tonne from 43 metres, demonstrating the continuity and strength of the mineralised system. These results build on earlier impressive intercepts, reinforcing the prospect’s commercial potential.

Extending Mineralisation into Fresh Rock

Importantly, the resampling has also revealed mineralisation extending below the oxide zone into fresh rock. One hole delivered 7 metres at 1.38 grams per tonne gold at the end of the hole in fresh rock, suggesting the system is not limited to near-surface oxidation and may have deeper extensions. This fresh rock mineralisation is associated with quartz veining and sulphide minerals, which are encouraging indicators for further exploration.

The mineralised zones are interpreted to dip moderately eastward, extending over at least 800 metres of strike length and broadening into a fold closure to the north. This geometry is considered favourable for potential open pit mining, a point emphasised by Solstice’s CEO Nick Castleden, who highlighted plans to accelerate drilling before the end of the calendar year.

Strategic Location and Infrastructure Advantages

Bluetooth is situated in an infrastructure-rich part of the Eastern Goldfields, with haul roads nearby and two operating mills within 100 kilometres. This proximity significantly enhances the prospect’s development potential, reducing logistical challenges and costs. The Yarri Project itself covers over 1,600 square kilometres of highly prospective geology, positioning Solstice well for ongoing exploration success.

Alongside Bluetooth, Solstice is advancing exploration at the Edjudina Range prospect, located 24 kilometres southeast along strike. Early drilling there has returned promising results, including high-grade fresh rock intercepts, further underscoring the potential of the broader project area.

Next Steps and Market Implications

Solstice plans to commence Phase IV reverse circulation drilling at Bluetooth to expand oxide gold zones and test down-dip extensions of fresh rock mineralisation. These efforts aim to build a robust Mineral Resource Estimate, a critical milestone towards potential development. The company’s methodical approach and strong assay results have attracted investor interest, with the market likely to watch closely for upcoming drilling updates.

Overall, the Bluetooth results represent a significant step forward in confirming a continuous, commercially attractive gold system with open pit potential in a well-serviced region.