Solstice Minerals Ltd's stock soared 10.04% during intraday trading on Thursday, following a positive update on its exploration activities.

The company announced that phase two drilling at its Nanadie copper-gold project in Western Australia is now underway. This drilling program includes reverse circulation drilling to define higher-grade zones, as well as infill and extensional drilling, and diamond drilling to extend holes that ended in strong mineralization and to test key plunge and depth extensions.

The market reacted positively to this operational progress, which follows a successful first phase of drilling that extended the mineralized system laterally, along strike, and at depth. This development signals potential resource growth for the copper-gold project.