Solstice confirms Red Lake setting and identifies multi‐element soil anomalies on initial test areas at its RLX Project ‐Soil surveys being extended and new EM survey commissioned‐
Solstice confirms Red Lake setting and identifies multi‐element soil
anomalies on initial test areas at its RLX Project
‐Soil surveys being extended and new EM survey commissioned‐
VANCOUVER, British Columbia, September 8, 2021 ‐‐ Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the
“Company”) is pleased to report on new geological mapping and the identification of numerous gold‐arsenic‐
antimony‐mercury anomalies from initial soils surveys at its 55 km2 RLX project located in the prolific Red Lake Gold
District, Ontario. Based on these results, Solstice will fast‐track extended soil sampling commencing in mid‐
September and has commissioned a new 75m‐spaced electromagnetic (“EM”) survey, results from which will drive
subsequent drill targeting and testing.
“We acquired RLX based on our previous experience in the Red Lake district area along with a review of all available
scientific data. New geological and soil data reported in this release provide significant encouragement that we are
on the right track. RLX covers a minimum of 15 km of potential, which despite being an extension of the prolific Red
Lake greenstone belt, is only now being systematically explored for the first time. Once we have completed
additional soil sampling and a new EM survey, we will be in a strong position to compile information and select
initial drill targets in 2022,” stated Chairman David Adamson.
New results and additional details are provided below:
RLX is an under‐explored extension of the main Red Lake greenstone belt associated with extensive EM conductors
and located near the confluence of several major structures. The RLX project is interpreted by Solstice to represent
a similar geological setting to the nearby Sidace Gold Deposit (Evolution Mining Ltd. and Pacton Gold Ltd.), located
about 10 km to the SW. One of the characteristics of the Sidace gold deposit is its association with a suite of
associated elements including arsenic, antimony and mercury1.
The RLX project area contains only local outcrop and is largely overburden‐covered. Geological mapping was
carried out in concert with test soil surveys designed to evaluate the effectiveness of this method. The program
has been successful in identifying permissive geology and identifying gold‐arsenic‐antimony‐mercury soil anomalies
that are spatially associated with airborne electromagnetic anomalies.
Geology
Mapping and geophysical interpretation (Figure 1) has identified a 15 km long supracrustal sequence which, as is
the case in the main Red Lake belt to the south, has been affected by two main phases of deformation. A unique
fold is mapped for the first time at the south end of the property (South Grid) where it is locally associated with
iron carbonate alteration and normal (extensional) faulting. Interpretation of seismic (lithoprobe) profiles in 2004
suggested the presence of crustal scale extensional fault systems in the area of RLX that may be potentially
important F2 conduits for gold2. Solstice mapping and geophysical interpretation may be the first documentation
of this style of faulting in the area.
Figure 1. Geological map with Gold‐in‐Soil gridded and point data for the three test grids.
Test Grid Soil surveys
Soil sampling was carried out in three test grid areas, North, Central and South (Figure 1). Results are summarized
below:
Coherent gold‐in‐soil anomalies are present in all three sampled test grids. There is a strong spatial
relationship between gold and arsenic‐antimony‐mercury anomalies (Figure 2).
Gold‐in‐soil anomalies are adjacent to, or coincident with, airborne EM anomalies and areas of conductivity
(Figure 1).
Some gold anomalies remain open and likely continue along strike where no soil sampling has been carried
out. Only about 15% of the available strike length underlain by conductors and prospective geology is
currently covered by soil sampling.
The North Grid lies approximately 600m NW of a 1989 (Placer Dome) drill hole which reported two separate
intervals 1.5 m of 0.68 g/t gold in a sparsely sampled pyrrhotite‐bearing intrusive which only partially tests
a large EM anomaly in that area.
Figure 2. Arsenic‐Antimony‐Mercury data plotted on gridded sum of Au+Sb+As+Hg values ratioed to their average crustal
abundance (Clarke)3. For example: the average crustal value for As is 1.8 ppm, so a soil value of 10 ppm indicates a ratioed value
(10/1.8) or 5.6. Ratioing allows elements to be combined to portray the extent of the observed multi‐element soil anomaly. See
www.solsticegold.com corporate presentation for maps of the central and south grids.
Taken together, results confirm the presence of a 15 km long prospective supracrustal sequence with associated
EM conductors and gold (plus arsenic, antimony, mercury) in soil anomalies identified within test survey areas.
This element association suggests similarities to the Sidace gold deposit area where such an association is
documented.
Given the success of initial soil sampling, Solstice will extend this survey in mid‐September, 2021 to cover an
additional 11 km of strike length. As well, we have commissioned a new airborne 75m‐spaced EM survey designed
to both improve coverage and quality (especially signal‐noise ratio) compared to the existing 200m‐spaced 2008
government survey. The EM survey is expected to take place during October, 2021.
Table 1. Summary statistics – soil data
Soils Sampling protocols.
Sampling and analytical methodology is summarized later in this release and was carried out under the supervision
of Colin Dunn P.Geo, Ph.D, an acknowledged expert in this field, supported by WellDunn Consulting Ltd. of Calgary,
Alberta. WellDunn Consulting is independent of Colin Dunn and both are independent of Solstice.
Prior to carrying out the survey, various sampling and analytical protocols were reviewed in conjunction with Colin
Dunn whose advice was that Ah (humus) sampling and standard Aqua Regia digestion were the recommended
methods based on ground conditions and available material.
An approximately 250 g sample of Ah (humus) soil was collected in standard kraft sample bags at 100 metre centres
using protocols established by Colin Dunn. Solstice staff were supported in the field by WellDunn Consulting of
Calgary, Alberta. Samples were shipped to Colin Dunn at his preparation facility following which they were sieved
to approximately 50 mesh (297um) to remove extraneous materials. Approximately 5g of sieved material was sent
to Activation Laboratories Ltd. (Actlabs) of Ancaster Ontario. At Actlabs, 0.5g of sample material was digested using
Aqua Regia and subsequently analyzed by ICP_MS analysis for 63 elements (package UT1). In addition to internal
Actlabs controls, Field duplicate and internal standards were inserted into the sample stream. Actlabs is
independent of Solstice and its consultants.
About Solstice Gold
Solstice is a gold‐focussed exploration company engaged in the exploration of our high‐quality exploration assets in top tier
jurisdictions. Our 55 km2 Red Lake Extension project along with the combined 96 km2 Taillon, Moreau and Berens projects
are located on the north end of the prolific Red Lake Gold District in Ontario. Solstice has extensive exploration experience in
Red Lake. During his successful 16 years of exploration in the Red Lake camp, Solstice Chairman David Adamson was a co‐
award winner for the discovery of the Bateman Gold deposit which was recently acquired by Evolution Mining for C$343
million4. In addition, David was instrumental in the acquisition of many of the Red Lake district properties in the Battle North
portfolio that was also acquired by Evolution Mining. In Nunavut, our district scale KGP project covers 886 km2 with certain
other rights covering an adjacent 683 km2, all with no underlying option or earn in payments. KGP has seen over $12MM
dollars spent on significant field work, identified a 10 km2 gold boulder field and now prepared with multiple drill‐ready
targets. KGP 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 Ltd. Solstice has 99.8 million shares outstanding.
Parameter Count Min Max Mean Median St Dev Perc80 Perc 90 Perc 95 Perc 98
Au ppb 252 0.25 19.7 1.9 1.5 1.9 2.8 3.6 4.6 6.9
As ppm 252 0.05 27.70 6.05 4.90 4.32 9.00 11.39 13.67 18.00
Hg ppb 252 20 420 144 130 81 220 259 300 330
Sb ppm 252 0.03 24.60 0.35 0.19 1.55 0.41 0.51 0.66 0.85
Sum Clarke 252 1.3 130.5 7.4 5.8 8.8 10.3 12.8 15.5 19.1
Solstice is committed to responsible exploration and development in the communities in which we work. For more details on
Solstice Gold, the Red Lake Extension Project and the KGP Project, please see our Corporate Presentation available at
www.solsticegold.com.
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.
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 content of this news release.
1 http://www.geologyontario.mndm.gov.on.ca/mndmfiles/mdi/data/records/MDI000000001360.html
2 Zeng, Fafu and Calvert, Andrew. 2011. Imaging the upper part of the Red Lake greenstone belt, northwestern
Ontario, with 3‐D traveltime tomography. Canadian Journal of Earth Sciences, v.43. p.849‐863. https://doi.o
rg/10.1139/e06‐027.
3 Crustal abundances from: 1972: Earth's Crust Geochemistry; p.243‐254 in Encyclopedia of Geochemistry
and Environmental Sciences, Volume 4A, edited by F.W. Fair‐ bridge, Van Nostrand Reinhold , New York.
4 Evolution Mining NR May 20, 2021. https://evolutionmining.com.au/wp‐content/uploads/2021/05/2213595‐
Completion‐of‐Battle‐North‐Acquisition.pdf
On Behalf of Solstice Gold Corp.
David Adamson, Ph.D.
Chairman
For further information please visit our website at www.solsticegold.com or contact:
Marty Tunney, P.Eng.
President
Phone: (604) 622‐5040
Forward Looking Statements
This news release contains certain forward‐looking statements (“FLS”) relating but not limited to the Company’s expectations,
intentions, plans and beliefs in connection with the proposed acquisition and concurrent private placement and the terms and
conditions thereof. 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.
FLS in this release refer to future work programs such as sampling, drilling, and geophysics, of which there can be no certainty
that they will be carried out or completed. 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, failure of the Company to raise
sufficient proceeds in the financing to satisfy the purchase price of the portfolio acquisition, failure of the Company to obtain
TSX Venture Exchange approval on terms acceptable to the Company or at all, 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, local weather conditions, 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.
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 projects
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.