Solstice Gold Completes Initial Drill Program and Announces Strategic Claim Acquisition at the Strathy Gold Project in the Temagami Greenstone Belt, Abitibi Subprovince, NE Ontario
Solstice Gold Completes Initial Drill Program and Announces Strategic Claim
Acquisition at the Strathy Gold Project in the Temagami Greenstone Belt,
Abitibi Subprovince, NE Ontario
- Assay Results Pending -
VANCOUVER, British Columbia--(BUSINESS WIRE)--July 2, 2025--Solstice Gold Corp.
(TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) is pleased to announce the
successful completion of the Spring 2025 drill program at the Strathy Gold Project (the
“Project”), located in the Temagami Greenstone Belt in the prolific Abitibi Subprovince in
Ontario. Solstice also announces that we have entered into an agreement with an arms-length
party to acquire 17 claims which expand our core Strathy Gold Project holdings by 50% (the
“Agreement”).
Spring 2025 Drill Program
The Spring 2025 drill campaign was successfully completed on four target areas (Figure
1) for a total of 3,125m across 14 drill holes.
At least 50% more sampling than originally planned has extended assay timelines.
Assays are pending and will likely be received in July.
Land Acquisition
Solstice has entered into the Agreement to acquire a 100% interest in a group of 17
contiguous unpatented claims directly adjacent to the core claims of our Strathy Gold
Project (the “Acquisition”). These claims are underlain by the Archean-age Leckie-group
metavolcanic assemblage, which is the main host rock for the Project’s main targets.
Targeting from Solstice’s 2024 IP program show high priority targets may extend along
strike onto these claims. They also contain OGS gold showings along a large structure
parallel to the IP targets. The combined area of these claims will add 373 hectares to our
core claim block, increasing its area by 50%.
Solstice has also been active in staking at the Strathy Gold Project since the Spring 2025
drill program began. Solstice has acquired 110 hectares of claims at the western side of
the Project via staking. These claims are also underlain by an Archean-age metavolcanic
assemblage and represent a valuable expansion of our wider land position.
Claim Agreement
Pursuant to the Agreement, in consideration for the purchase of the 17 unpatented claims
pursuant to the Acquisition, Solstice must issue 175,000 common shares to an arms-length seller
as soon as practicable following TSX Venture Exchange (“TSXV”) approval. The common
shares will be subject to a four month hold period. The Acquisition is subject to the approval of
the TSXV. No finders fee is payable with respect to the Acquisition.
About the Strathy Gold Project
The Strathy Gold Project is an extensive 45 km2 land package in the Archean-age Temagami
Greenstone Belt, which is the southernmost extension of the Abitibi Subprovince in Ontario. The
Project includes parts of the Net-Vermilion Deformation Zone and the Link Lake Deformation
Zone, which are two prominent Northeast-Southwest-trending structures crosscutting Archean
metavolcanics. It contains documented, widespread high-grade gold mineralization, hosting
historic intercepts of 5.00 g/t Au over 17.28m and 7.66 g/t Au over 7.25m (core lengths) at
vertical depths of approximately 50-100 metres below surface1, and documented surface sample
results of up to 62.7 g/t Au 2. Despite this demonstrated prospectivity, the core claims at Strathy
have not been systemically explored in the past.
A 17.5 line kilometre IP program carried out in November 2024 has detected known
mineralization, and in addition to this, the IP results show extensive, better-developed and
untested IP anomalies along the North and South extensions of the Leckie Fault. The drill
program described above marks be the first time that the core area of the Strathy Gold Project
has been systematically drilled. The Strathy Gold Project is located along the Trans Canada
Highway, has excellent access to infrastructure and mining expertise.
For more detailed information on the Project, including a technical review of the project and a
detailed review of IP results and targeting, please visit www.solsticegold.com
The Company wishes to point out that, since assays are pending, there is no certainty that
observed mineralization will contain elevated gold.
References:
1. OGS Assessment file No. 31M04SW0088
2. Wabana Exploration Assessment Report, file No. 31M04SE2005
About Solstice Gold Corp.
Solstice is an exploration company with quality, district-scale gold projects in established mining
regions of Canada. Our 45 km2 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. Our Qaiqtuq Gold
Project which covers 662 km2, hosts a 10 km2 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 km2 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 over 20 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 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, the completion of the Acquisition including
issuance of the common shares and TSXV approval, . 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. In respect of the FLS, the Company has made certain
assumptions that management believes are reasonable at this time. The assumptions include that
the Company will have sufficient financial resources for sampling and prospecting this year and
that the Acquisition will receive TSXV approval, however, there can be no assurance that such
assumptions and statements will prove to be accurate and actual results could differ materially
from those anticipated in such statements. Factors that could cause actual results to differ
materially from any FLS include, but are not limited to, limited capital or access to additional
capital for prospecting, delays in obtaining or failures to obtain required TSXV, failure to
complete the Acquisition, 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.
Potential shareholders and prospective investors should be aware that these statements are
subject to known and unknown risks, uncertainties and other factors that could cause actual
results to differ materially from those suggested by the FLS. Shareholders are cautioned not to
place undue reliance on FLS. By their nature FLS involve numerous assumptions, inherent risks
and uncertainties, both general and specific that contribute to the possibility that the predictions,
forecasts, projections and various future events will not occur. Solstice undertakes no obligation
to update publicly or otherwise revise any FLS whether as a result of new information, future
events or other such factors which affect this information, except as required by law.
Historical Sampling and Drilling Data and Information
The sampling and drilling data and information presented in this news release (the “Historical
Exploration Information”) is historical in nature. The reader is cautioned that the Historical
Exploration Information is based on prior data and reports previously prepared by third parties
without the involvement of Solstice. Solstice has not undertaken any independent investigation,
nor has it independently analyzed the results of the Historical Exploration Information in order to
verify the results. The reader is cautioned not to treat Historical Exploration Information, or any
part of it, as current and that a qualified person has not done sufficient work to verify the results
and that they may not form a reliable guide to future results. No independent quality
assurance/quality control protocols are known for these historic samples and drill holes and
therefore the Historical Exploration Information may be unreliable. Solstice considers these
historical drill results relevant as the Company will use this data as a guide to plan future
exploration and drilling programs. Solstice considers the data to be reliable for these purposes,
however, the Company's future exploration work will include verification of the data through
drilling.
Contacts
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