Solstice Minerals Limited (ASX: SLS) has kicked off a drilling programme at the GSP Nickel Prospect (GSP) within the wholly owned Ringlock Dam Licence (E29/1087) in Western Australia.
The GSP Prospect is located approximately 30km northwest of the Silver and Black Swan nickel deposits and is hosted by the interpreted strike extension of the Black Swan Komatiite Complex.
The planned programme comprises up to 2,030m of diamond drilling, with six holes at GSP and one hole at the Ringlock Prospect. It is estimated that the programme will take approximately three weeks to complete.
The primary objectives of the drilling are to confirm the historical drill assay data from the 1960s and 1970s, which intersected massive nickel sulphide mineralisation, to better define the basal/footwall contact, to gather structural and litho-geochemical data and to provide platforms for downhole electromagnetic (DHEM) geophysical surveys.
Significant intercepts from the historical drilling included:
- 8.01m @ 2.4% Ni from 113.39m (incl. 1.52m @ 6.8% Ni from 113.39m) in GS033
- 2.86m @ 2.9% Ni from 166m (incl. 2.13m @ 3.5% Ni from 166.73m) in GS013
- 4.0m @ 2.3% Ni from 104m in MJRC047
- 4.0m @ 1.4% Ni from 145m in MJRC048
Executive Director, Alastair Morrison, said the DHEM surveys will explore for off-hole conductor bodies that may represent massive sulphide mineralisation and generate further drill targets.
The Ringlock Dam area has been overlooked for many years and we believe represents an exciting opportunity,” Mr Morrison said.
“Historical drilling at GSP returned significant nickel sulphide intercepts. The current drill program and subsequent DHEM surveys using a modern, more powerful system is highly anticipated by the company during a time when battery metals are becoming increasingly important.”.
