Solstice Expands Land Position at SLP and Outlines Summer Exploration Program
Solstice Expands Land Position at SLP and Outlines Summer Exploration Program
VANCOUVER, British Columbia, May 31, 2023 - Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”)
is pleased to provide an update on the exploration plans for its Stewart Lake Lithium Project ( “SLP”) in the English River
Subprovince (“ERS”). The Company also recently added 23 km2 ha of property adjacent to the SLP which increases its ERS
land package to a total of 197 km2 ha to cover areas with potential pegmatites interpreted from satellite imagery.
Pablo McDonald, Solstice CEO stated, “Over the last six months, Solstice undertook an extensive review of all fertile rare
element districts in Ontario. Our technical team’s early recognition of the eastern ERS as an underexplored region with
high discovery potential for rare elements allowed us to establish a commanding land package in high metamorphic grade
metasediments flanked by two peraluminous granites. The SLP property contains at least 146 documented pegmatites in
an area that has never been sampled for Lithium or rare metals. We are very optimistic that we are just scratching the
surface of this region’s high discovery potential, which is what ha s been driving the design of our summer exploration
plans. We are excited to get boots on the ground and systematically explore this strategically located land package.”
Key exploration details include:
• The OGS has recently identified the general SL P area as prospective for rare metal pegmatites in its
“Recommendations for Exploration 2022 -23”1. They suggest that the largely unexplored eastern ERS shows
similarities with the Quetico sub-province which hosts a large number of rare metal pegmatites1.
• Locally, pegmatites are documented in shallow drill holes that are close (<100 m) to areas of distinctive white
outcrop on satellite images which, based on the shallow depth and frequency of the logged pegmatites, are likely
their surface expressions (see inset, Figure 1). These distinctive white outc rops are also seen in the same areas
mapped by the OGS (P0565). Similar areas of dense white outcrop are pervasive throughout the property and
represent prospective pegmatite areas that are the target of the Company’s summer prospecting plans (see
details, below).
• SLP has 146 pegmatites within this fertile setting for rare metals mineralization (Figure 1) documented during
diamond drill exploration for iron in the 1950s and 1960s 2. Reconnaissance scale mapping along lakes in the
western part of the prope rty by the OGS (P0565) 3 has also identified aplite/pegmatites. A large number of
pegmatites are documented at SLP from only a small area (6%) of the property. Over 90% of the 31 drill holes
reported multiple pegmatite intersections, with apparent thicknesses of up to 28 m. These pegmatite intersections
comprise 18.4% of all drilled bedrock in the area2. Most of the property remains unexplored and Solstice considers
the potential for additional pegmatite discoveries to be high4.
1 Kurucz, S.V. 2023. Rare -element pegmatite potential in the eastern English River Subprovince; in Ontario Geological Survey, Resident Geologist
Program, Recommendations for Exploration 2022–2023, p.24-27.
2 MNDM assessment reports (OAFD).
3 P.C. Thurston and M.W. Carter, 1969. Operation Fort Hope, Makokibatan-Melchett lakes sheet, districts of Kenora (Patricia Portion), Cochrane and
Thunder Bay. OMI Map P0565.
4 The historical filed MNDM assessment reports covering the SLP area provide descriptions of intersected pegmatites clo se to surface. Based on i)
common surface expressions of pegmatites in similar terrains and ii) satellite imagery of outcrops corresponding to mapped su rface pegmatites by
the OGS (P0565) elsewhere on and adjacent to SLP, Solstice believes it is reasonable to conclude that interpretation of satellite imagery is a justifiable
method for first-pass identification of potential pegmatite-bearing outcrops.
Figure 1: SLP Land Position
Note the density of pegmatites defined by previous drilling, as well as potential surface expressions of pegmatites throughou t
unexplored areas of the Property.
Pegmatites in drill logs, mineralogy, and maximum observed core lengths per drill hole (source: filed MNDM assessment reports (OAFD database)).
OGS Mapped Pegmatite from: P.C. Thurston and M.W. Carter,1969. Operation Fort Hope, Makokibatan-Melchett lakes sheet, districts of Kenora
(Patricia Portion), Cochrane and Thunder Bay. OMI Map P0565.
Selected geological units from: Ontario Geological Survey 2011. 1:250 000 scale bedrock geology of Ontario; Ontario Geological Survey,
Miscellaneous Release—Data 126–Revision 1
The historical information summarized in this news release is derived from publicly available reports and copies of
original diamond drill logs filed in the MNDM OAFD database. Due to the historical nature of the work, Solstice is unable
to independently verify the data, however, based on a review of drill logs by various operators, Solstice considers the
drill logs and description of pegmatites therein, to be reliable. The spatial relationship between intersected magnetic
iron-bearing rocks in the reported drill holes with coincident strong, magnetic responses in a later, accurately located,
OGS airborne survey (GDS1067), confirms the general location of the reported drill holes although determination of
exact locations will require additional ground testing. Historical drill holes had core diameters less than 1” (2.54cm) and
would provide a sub-optimal sample of pegmatites which, by definition, are coarse-grained.
Summer Prospecting Program
Solstice is developing its summer prospecting program to s ystematically prospect and sample SLP. The prospecting
program will involve road, helicopter, and boat -based traverses and will endeavour to cover the prospective outcrops
shown in Figure 1, as defined by meticulous analysis of satellite and air photography.
• Initial prospecting will focus on the Northern section of the property, which is reachable by forestry road and can
be easily and systematically mapped and channel sampled.
• Helicopter-supported prospecting will focus on areas farther from the road in the southern section of the SLP.
Particular focus will be paid to channel sampling outcrops adjacent to historical drill holes to confirm the presence
and composition of previously mapped fertile pegmatites.
• Prospecting will employ Laser Induced Plasma Spectroscopy (LIBS) and scintillometers, which give instantaneous
readings that quantify the Lithium content and radioactivity of outcrops. This will allow teams to quickly define
the most prospective areas of the SLP, and increase efficiently. On -the-ground radioactivity readings will define
the utility of using radiometric airborne surveys as a subsequent exploration technique.
Solstice’s field teams will be led by Senior Geologist Sandy Barham.
About Solstice Gold Corp.
Solstice is an exploration company with quality, district-scale gold projects in established mining regions of Canada. Our
197 km2 SLP property is located in the English River Subprovince in an area that has recently garnered significant interest
for its potential to host rare metals. 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. Our 322 km2 Atikokan Gold Project is approximately 23 km from the Hammond Reef
Gold Project owned by Agnico Eagle Mines Limited. Our Qaiqtuq Gold Project which covers 886 km 2 with certain other
rights covering an adjacent 683 km 2, hosts a 10 km 2 high grade gold boulde r 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. An extensive gold and battery metal roy alty and property portfolio of
over 80 assets was purchased in October 2021. Over $2 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.
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
Forward-Looking Statements and Additional Cautionary Language
This news release contains certain forward-looking statements (“FLS”) including, but not limited to rare metal pegmatites
prospectively, the potential for pegmatite discoveries to be high and the development of the summer prospecting program
including prospecting and sampling SLP. 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
its summer prospecting program and that pegmatite discoveries will be to the level anticipated 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 obtai n
required TSXV, governmental, environmental or other project approvals, 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 any FLS whether as a result of new information, future events or other such factors which affect this information,
except as required by law.