Guess which ASX gold share is rocketing 24% on an 'unexpected bonus'

MotleyFool08:53

The All Ordinaries Index (ASX: XAO) is just about flat in late morning trade today, with one ASX gold share leaving that performance in the dust. The fast-rising stock in question is Solstice Minerals...

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At the time of writing on Tuesday, shares are changing hands for $1.10 each, up 23.6%.Today's outperformance is nothing new for Solstice Minerals. The miner has been benefiting from both the surging gold price and its own exploration successes.Indeed, just 12 months ago, you could have picked up the ASX gold share for just 18 cents a share. At the current price, you'd now be sitting on an eye-watering gain of 511.1%. Or enough to turn an $8,000 investment into $48,889.According to the release, the exploration program was \"a resounding success\". The ASX gold share said the results have delivered strong growth outcomes in terms of both tonnage and grade at Nanadie.Commenting on the drilling results sending the ASX gold share surging ","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"SLS.AU":"SOLSTICE MINERALS LTD","DGP":"二倍做多黄金ETN(PowerShares)","XAO.AU":"标普/澳交所 普通股指数","BK4585":"ETF&股票定投概念","AAAU":"Goldman Sachs Physical Gold ETF","SGOL":"Abrdn Gold ETF Trust","GLL":"2倍做空黄金ETF-ProShares","DZZ":"德银黄金两倍做空ETN","BK7104":"黄金","BK4535":"淡马锡持仓","RC":"Ready Capital Corp","DUST":"二倍做空黄金矿业指数ETF-Direxion","IAU":"黄金信托ETF-iShares","GLDM":"SPDR Gold MiniShares Trust","BK4504":"桥水持仓","BK4110":"抵押房地产投资信托","GDX":"黄金矿业ETF-VanEck","BK4588":"碎股","XME":"金属与采矿指数ETF-SPDR","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","JNUG":"金矿指数二倍做多ETF","GDXJ":"小型黄金矿业ETF(Market Vectors)","BK4207":"综合性银行","IAUM":"ISHARES GOLD TRUST MICRO"},"translate_title":"猜猜哪只ASX黄金股因“意外奖金”而飙升24%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GDXJ":1.5,"XME":1.5,"AAAU":1.5,"IAU":1.5,"GDXD":1.5,"RC":1,"GLDM":1.5,"GDX":1.5,"SGOL":1.5,"IAUM":1.5,"SLS.AU":1,"DUST":1.5,"DGP":1.5,"GLL":1.5,"JNUG":1.5,"DZZ":1.5,"XAO.AU":1},"content_text":"The All Ordinaries Index (ASX: XAO) is just about flat in late morning trade today, with one ASX gold share leaving that performance in the dust.\nThe fast-rising stock in question is Solstice Minerals Ltd (ASX: SLS).\nSolstice Minerals shares closed yesterday trading for 89 cents. At the time of writing on Tuesday, shares are changing hands for $1.10 each, up 23.6%.\nToday's outperformance is nothing new for Solstice Minerals. The miner has been benefiting from both the surging gold price and its own exploration successes.\nIndeed, just 12 months ago, you could have picked up the ASX gold share for just 18 cents a share. At the current price, you'd now be sitting on an eye-watering gain of 511.1%. Or enough to turn an $8,000 investment into $48,889.\nIn one year!\nNow, here's what's grabbing investor interest again today.\nImage source: Getty Images\nASX gold share leaps on strong drilling results\nThe Solstice Minerals share price is off to the races after the miner reported on the final assay results from its recent 23-hole (6,030 metre) reverse circulation (RC) drilling program at its 100%-owned Nanadie Copper-Gold Project, located in Western Australia.\nAccording to the release, the exploration program was \"a resounding success\". The ASX gold share said the results have delivered strong growth outcomes in terms of both tonnage and grade at Nanadie.\nAmong the top results, the ASX gold share reported 44 metres at 0.52% copper and 0.23 grams of gold per tonne from 146 metres, including: 14m at 1.02% Cu, 0.58g/t Au from 163 metres.\nThe miner said that these strong results support \"immediate follow-up\" RC and diamond drilling, with a Phase 2 RC program now in preparation.\nWhat did management say?\nCommenting on the drilling results sending the ASX gold share surging today, Solstice Minerals CEO Nick Castleden said, \"Our first-ever drilling campaign at Nanadie has exceeded expectations and provided the exploration team with a compelling opportunity to significantly grow this exciting asset.\"\nCastleden added:\nAn unexpected bonus has been the emergence of outstanding high-grade high-volume targets below holes NANRC001, 004 and 018, together with strong open-ended grade indications elsewhere.\nThe opportunity to define higher-grade positions for incorporation into future MRE's [mineral resource estimates] is tantalising and will be a key early focus of Phase 2 follow-up drilling, including extending selected holes that ended in strong copper-gold mineralisation with diamond 'tails' capable of drilling beyond the operating limit of RC drilling at depth.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2620415926","isCrawlerRequest":true}