West Australian explorer Solstice Minerals will extend its search for lookalike structural targets after posting a maiden independent inferred mineral resource estimate of 177,000oz gold (4.6Mt @ 1.2g/t) at its 80%-owned Hobbes project 150km NE of Kalgoorlie.
Solstice says the shallow resource reported by Cube Consulting extends to 160m below the surface, with potential for a modest strip ratio after removing relatively soft cover material.
The Hobbes project is 5km SW of Northern Star’s Porphyry mining centre and close to established mining infrastructure and haul roads.
MD-CEO Nick Castleden says Solstice aims to kick off aircore drilling over priority targets while working up reverse circulation targets.