Solstice Commences 2022 Field Program at its Atikokan Gold Project Airborne surveys and intensive prospecting over 322 km2
Solstice Commences 2022 Field Program at its Atikokan Gold Project
Airborne surveys and intensive prospecting over 322 km2
VANCOUVER, British Columbia, April 5, 2022 - Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the
“Company”) is pleased to announce that we have commenced exploration programs at our Atikokan Gold Project
(the “Property”) in the Hammond Gold Camp in NW Ontario . The 322 km 2 Property is located approximately
120km west of Thunder Bay and 26km east of the Hammond Reef Gold Project owned by Agnico Eagle Mines
Limited (“Agnico”)1. Solstice believes that regional exploration work in recent years by b oth prospectors and
Agnico have demonstrated good potential for new gold discoveries associated with extensive NE and NNE trending
faults hosted by the Marmion batholith. Despite its excellent location close to infrastructure, surprisingly little
exploration has been carried out over most of this terrain. The objective of the 2022 program will be to carry out
high resolution geophysical surveys followed by intensive field mapping and prospecting to define targets for
follow up. Priority areas of focus are outlined in Figure 1 and include:
• Known areas of up to 10% sulphide mineralization north of Mercutio Lake which were prospected in 2021.
Early spring lakeshore prospecting is planned for this area as low lake levels expose outcrop and lake ice
provides excellent access.
• A >20km long fault structure at the contact of the batholith and a magnetic composite dyke where
numerous outcroppings with quartz veining were identified, in one area up to 1000m 2 of near massive
quartz, accompanied by widespread iron carbonate alteration and disseminated pyrit e. This area will be
slated for detailed follow-up.
• Numerous unexplained gold and silver lake sediment anomalies in many cases aligned along interpreted
structures.
• Other major faults identified from current topographic and magnetic data which will be augmented by
ongoing airborne geophysical surveys commissioned by the Company.
Mike Timmins, Solstice CEO stated, “ We have kicked off this year’s field activities over one of the largest land
positions in the Hammond Gold Camp and are fortunate to be working with several technical partners with
extensive local expertise. Conducting large-scale grass-roots exploration across kilometers of prospective structure
is exciting for our shareholders and a great opportunity to make a new regional discovery in the camp. We believe
that our fully funded field program at Atikokan and phase one drilling in Red Lake, are complementary and position
us well for success in 2022”.
David Adamson, Solstice Chairman stated, “Our Atikokan Gold Project represents a rare opportunity in the prolific
Superior Province of Ontario. It is markedly underexplored compared to other terrains in the shield that host
existing, large gold deposits. Recent discoveries in the Atikokan area, including our own work, point to the potential
for additional mineralization along numerous major structures which are only now emerging as potential hosts for
gold mineralization. For these reasons, we moved quickly to establish a commanding land position in the area. The
combination of experienced ‘boots on the ground’ mapping and prospecting skills with modern exploration
techniques is designed to fast-track exploration towards drill targeting”.
Airborne Magnetic Survey
A 5,907-line km, 50 m etre-spaced high resolution magnetic survey is currently underway and is expected to be
completed by early April. Existing public domain lower resolution data and recent filed assessment work by Agnico
on its Melema option claims (Figure 1) , contiguous to the west, demonstrate that magnetics can be used to
successfully identify regional fault structures. As well, magnetic surveys can define possible compositional changes
in the underlying Marmion batholith . These may represent favourable chemical sites for gold and sulphide
mineralization. Further, magnetic destruction zones, known to be an important exploration criterion within the
batholith, will be far better resolved.
LiDAR and Orthophoto Surveys
Existing 30 metre-spaced, publicly available elevation data demonst rate that topography define a large number
of potential fault structures in the area (Figure 1 ). Light detecting and ranging (“LiDAR”) surveys over the entire
property will provide high resolution topographic data at one metre resolution. This will be supplemented by
15cm/pixel orthophotography.
The use of Li DAR in mineral exploration in similar terrains is well documented and, together with magnetic and
orthophoto products, is expected to provide very high-resolution base products to assist in outlining fault targets
and areas of high potential for mineralization. These products will continue to generate mapping and prospecting
targets going forward.
Mapping, Prospecting and New Staking
The objective of this work will be to map and prospect several initial areas which may be modified or
supplemented by ongoing geophysical surveys. Work will commence in May and will be carried out by Bjorkman
Prospecting Inc., led by Katarina Bjorkman Ph.D. and supplemented by Solstice. Ms. Bjorkman and her team have
extensive experience mapping and prospecting in the region.
Based on the initial data from the airborne magnetic survey, we have staked an additional 62 hectares of ground
to protect certain target areas.
The Property is road accessible via Trans Canada Highway 11 located ~5km to the south. Local infrastructure
includes logging roads, rail, gas and hydro power and an experienced mineral expl oration workforce and mining
supply, all located within hours of the property.
Figure 1. The Atikokan Gold Project showing 85th percentile gold and silver lake sediment assays2,3, key major and minor
interpreted fault targets, selected third party gold assays from assessment reporting and Agnico’s Melema Option property.
Background is greyscale DEM topographic base.
1 R eference to https://www.agnicoeagle.com/English/operations/reserves -and- resources/default.aspx
2 MR D043 L ake Sedi ment and Water Geochemi cal Data from the A ti kokan-L umby L ake Area, Northwestern Ont ario, Dyer,
R .D., 1999
3 MRD063 A u and PGE Data, A tikokan A rea L ake Sediment Survey - Operation Treasure Hunt, Ontario Geological Survey,
2000
About Solstice Gold Corp.
Solstice is a gold-focused exploration company with quality, district-scale projects in established mining regions
of Canada. Our total 180 km2 Red Lake land position is located on the northern extensions of the prolific Red Lake
Gold Camp in Ontario . The Red Lake Extension (RLX) Project is approximately 45km from the Red Lake Mine
Complex owned by Evolution Mining. The Company is funded f or phase one drilling at RLX . Our newly formed
322km2 Atikokan Gold P roject is approximately 23km from the Hammond Reef Gold Project owned by Agnico
Eagle Mines Limited and is fully funded for a robust field program in 2022. Our district scale Qaiqtuq Gold Project
which covers 886 km2 with certain other rights covering an adjacent 683 km 2, hosts a 10 km2 gold boulder field
and is fully permitted with multiple drill -ready targets. Qaiqtuq is located in Nunavut, Canada, only 26 km from
Rankin Inlet and approximately 7 km from the Meliadine gold deposits owned by Agnico Eagle Mines Limited.
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.
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.
On Behalf of Solstice Gold Corp.
Mike Timmins, Chief Executive Officer
For further information on Solstice Gold Corp., please visit our website at www.solsticegold.com or contact:
Phone: (604) 283-7234
Forward-Looking Statements and Additional Cautionary Language
This news release contains certain forward -looking statements (“FLS”) including, but not limited to the Company’s plans to
start testing targets in 2022 including fully funding a drill program and carrying out field work in Red Lake . 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. There is also 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. Factors that could cause actual results to differ materially from any FLS include, but
are not limited to, the future impacts of the COVID 19 pandemic and government response to such pandemic, the ability of
the Company to continue exploration at its projects during the pandemic 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.
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 an y FLS
whether as a result of new information, future events or other such factors which affect this information, except as required
by law.
This news release contains information with respect to adjacent or other mineral properties in respect of which the Company
has no interest or rights to explore or mine or acquire. Readers are cautioned that mineral deposits on adjacent or similar
properties are not indicative of mineral deposits on the Company’s properties, nor is there certainty that Solstice’s proje cts
will contain economic mineralization. This news release mentions other companies that are unrelated to Solstice, and this
does not imply any agreements, partnerships, or rights with respect to any of these companies or their properties other than
where explicitly defined. Past performance is no guarantee of future performance, and all investors are urged to consult their
investment professionals before making an investment decision.