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    Solstice Minerals (ASX:SLS) resource update

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    Solstice Minerals (ASX:SLS) has made an announcement about a key resource.

    Following the announcement shares of Solstice Minerals rose 13.333% to $0.170.

    Solstice is pleased to announce the intersection of thick zones of supergene and primary gold mineralisation from recently completed RC drilling at the Hobbes Gold Prospect within the Hobbes License (E31/1117).

    The RC drilling commented in late June and (refer ASX announcement "Commencement of Drilling at Hobbes, Eastern Goldfields and Apointment of Chief Geologist", 29 June 2022) and was completed in early August, with all sample assay results now received.

    When a mining company releases an update about a key resource it?s exciting times for shareholders.

    A lot of capital goes into exploration and when a new deposit is found there?s usually a share price boost.

    Discovery is the reward stage for investors, particularly of junior mining stocks, searching for undiscovered deposits of natural resources.

    When discussing new resource discoveries it?s beneficial to know the difference between greenfield and brown exploration.

    Greenfield exploration is looking for mineral deposits in areas that have not been explored.

    In brownfield exploration deposits are being sought near or next to an already existing mine.

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