The Conversation (0)
Solstice Gold Corp. (TSXV: SGC,OTC:SGCPF) ("Solstice", "we", "our" or the "Company") is pleased to announce that field crews have mobilized to commence a Phase II 8.9 line-km Alpha IP survey at our 100%-owned Strathy Gold Project (the "Project"). The Project is located in the Temagami Greenstone Belt in the prolific Abitibi Subprovince in Ontario. The IP survey will be done prior to executing a fully funded a Phase II drill program of approx. 16 drill holes designed to follow up on the discovery hole of 8.52g/t Au over 3.5 meters and to test other targets in the area (Figure 1).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251110138058/en/
Figure 1: 270m asl (~50m below surface) level plan slice of 3D gridded voxel model showing main IP target trends and open area to be infilled with new IP.
Pablo McDonald, CEO, stated, "This new IP survey represents a major step forward in advancing the Red Cedar Discovery made via Solstice's successful inaugural drill program at Strathy. The Red Cedar Discovery was made in Solstice's first drill hole in the area, which is otherwise essentially untested. The target area at Red Cedar spans at least 1,000m by 500m, and is open to the north and east. Our new IP Program will both infill and extend coverage to refine high-priority drill targets. This is an exciting step for Solstice shareholders building towards aggressive follow-up drilling of our new high-grade gold discovery in this part of the Abitibi."
Highlights of the IP Program:
- The primary objective of the Alpha IP survey is to extend and further define the strong high-resistivity, moderate to high-chargeability anomaly associated with the Red Cedar Discovery. This anomaly remains open to the north and east beyond the limits of the previous IP grid, offering compelling potential for expansion.
- The current program will supplement existing data to utilize tighter 175-metre line spacing—providing more detailed modelling than the previous 2024 IP survey. This high-resolution spacing is expected to improve subsurface mapping and precision drill targeting at Red Cedar.
The previous IP program successfully guided Solstice's initial drilling and played a key role in the Red Cedar Discovery. Drilling here demonstrates that the anomaly hosts high-grade gold mineralization associated with quartz veining in mafic volcanics, accompanied by silicification and carbonate alteration—characteristics that define Solstice's highest-priority target type for follow-up work. The new survey will enhance definition of the strongest anomalies while expanding coverage beyond the previous IP grid, leading directly to precision drill targeting for Solstice's winter drill program.
Winter Drill Program, 2025-2026
This IP Survey will enable the Company to plan and execute a focused, fully-funded follow-up drill program of ~16 drill holes designed to follow up the Red Cedar Discovery and to test other targets in the area.
About the Strathy Gold Project
The Strathy Gold Project is an extensive 41 km 2 land package in the Archean-age Temagami Greenstone Belt, which is the southernmost extension of the Abitibi Subprovince in Ontario. Solstice's first drill program on the Project intercepted the Red Cedar Discovery; an intercept of 8.52 g/t Au over 3.5m . The discovery hole is located in the largest IP anomaly on the Project which is open to the north and east. Located on the Trans Canada Highway, the Project has excellent access to infrastructure and mining expertise. In addition to the recent Red Cedar discovery, the Strathy Gold Project contains documented, widespread high-grade gold mineralization, hosting historic intercepts of 5.00 g/t Au over 7.28m and 7.66 g/t Au over 7.25m (core lengths) at vertical depths of approximately 50-100 metres below surface, and documented surface sample results of up to 62.7 g/t Au . Despite this demonstrated prospectivity, the core claims at Strathy have not been systemically explored in the past.
About Solstice Gold Corp.
Solstice is an exploration company with quality, district-scale gold projects in established mining regions of Canada. Our 41 km 2 Strathy Gold Project hosts high grade gold mineralization over a wide area straddling two NE-SW-trending structures. It is located in the Abitibi Subprovince of the Superior Craton and has never been systematically explored in its history. A recent 17.5 line km Alpha IP survey defines 50 new targets on SGC claims. Large, continuous IP anomalies are structurally linked to areas of significant gold intercepts and are largely untested, presenting the opportunity for significant discovery.
Our Qaiqtuq Gold Project which covers 662 km 2 , hosts a 10 km 2 high grade gold boulder field, is fully permitted and hosts multiple drill-ready targets. Qaiqtuq is located in Nunavut, only 26 km from Rankin Inlet and approximately 7 km from the Meliadine Gold Mine owned by Agnico Eagle Mines Limited.
Our district-scale Atikokan Gold Project is approximately 26 km from the Hammond Reef Gold Project owned by Agnico Eagle Mines Limited. Our 194 km 2 Red Lake Extension (RLX) and New Frontier projects are located at the northwestern extension of the prolific Red Lake Camp in Ontario and approximately 45 km from the Red Lake Mine Complex owned by Evolution Mining.
An extensive gold and battery metal royalty and property portfolio of over 80 assets was purchased in October 2021. Well over $2.5 million in value and three new royalties have been generated since the acquisition.
Solstice is committed to responsible exploration and development in the communities in which we work. For more details on Solstice Gold, our exploration projects and details on our recently acquired portfolio of projects please see our Corporate Presentation available at www.solsticegold.com .
Solstice's Chairman, David Adamson, was a co-award winner for the discovery of Battle North Gold Corporation's Bateman Gold deposit and was instrumental in the acquisition of many of the district properties in the Battle North portfolio during his successful 16 years of exploration in the Red Lake.
Sandy Barham, M.Sc., P.Geo., Senior Geologist, is the Qualified Person as defined by NI 43-101 standards responsible for reviewing and approving the technical disclosures of this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements and Additional Cautionary Language
This news release contains certain forward-looking statements ("FLS") including, but not limited to the need for more prospecting and analysis, that the geological and structural setting at the Strathy Gold Project is highly prospective for gold mineralization, defining drill targets, the focus of follow-up efforts on drill holes, promising geochemical and mineralogical anomalies, further evaluation and modelling following completion of drill hole compilation. FLS can often be identified by forward-looking words such as "approximate or (~)", "emerging", "goal", "plan", "intent", "estimate", "expects", "potential", "scheduled", "may" and "will" or similar words suggesting future outcomes or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
Since forward-looking information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These risks include, but are not limited to, that Company may not be able to obtain necessary regulatory approvals for the Offering, that the use of proceeds from the Offering may differ due to unforeseen circumstances, and general risks relating to the Company's business including there is no guarantee that continued exploration at Solstice exploration projects, all of which are at an early stage of exploration, will lead to the discovery of an economic gold deposit, the ability of the Company to continue exploration at its projects and the risk of future lack of access to the projects as a result thereof, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inability to locate source rocks, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, regulatory approvals and other factors. FLS are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results.
All forward-looking statements are based on the Company's current beliefs as well as various assumptions made by Company management and information currently available to them including that the Company will be able to spend funds raised under the Offering as anticipated. There can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such. Forward looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251110138058/en/
On Behalf of Solstice Gold Corp.
Pablo McDonald, Chief Executive Officer
For further information on Solstice Gold Corp., please visit our website at www.solsticegold.com or contact:
Phone: (604) 283-7234
info@solsticegold.com
