Solstice Minerals (ASX:SLS) found visible copper sulfide mineralization in multiple zones downhole during its diamond drilling at the Nanadie project in Western Australia, according to a Monday filing with the Australian bourse.
The first diamond drillhole tail was completed to a final depth of 629 meters, the filing said.
Geological logging and core processing are in progress, and assay results are expected in about five to six weeks, per the filing.
Shares rose nearly 12% in midday trade on Monday and earlier reached an all-time high.
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