Solstice Minerals (ASX:SLS) said phase two drilling at the Nanadie copper-gold project in Western Australia is underway, comprising reverse circulation drilling focused on defining higher-grade zones, as well as infill and extensional drilling, and diamond drilling to extend holes that ended in strong mineralization as well as to test key plunge and depth extensions, according to a Thursday Australian bourse filing.

The first phase of drilling extended the mineralized system laterally, along strike to the north and south, and at depth.

Its shares jumped 10% in recent trading on Thursday, reaching a new all-time peak.