Solstice Gold Makes New Discovery Intersecting 8.52 g/t Au over 3.5m at the Strathy Gold Project in NE Ontario

Business Wire

2 days ago

VANCOUVER, British Columbia--(BUSINESS WIRE)--Solstice Gold Corp. (TSXV: SGC) ('Solstice', 'we', 'our' or the 'Company') is pleased to report assay results from its Spring 2025 drill program (3,120 metres in 13 holes) which includes the Red Cedar Discovery, intersecting 8.52 g/t Au over 3.5m including 28.7 g/t over 1.0m in hole SGPDH25-09, in a previously untested area of the Strathy Gold Project (the 'Project'). The Project is located in the Temagami Greenstone Belt in the prolific Abitibi Subprovince in Ontario. Details of assay results are provided below in Table 1.
Solstice's very first drill program at Strathy has delivered a brand-new high-grade discovery in a target zone that's wide open for expansion.
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Spring 2025 Drill Program Highlights
Pablo McDonald, Solstice CEO stated, ' Our very first drill program at Strathy has delivered a brand-new high-grade discovery in a target zone that's wide open for expansion. We've also confirmed that the Leckie Fault is a gold-bearing structure with kilometre-scale potential. With more than 30 IP anomalies still to test, plus newly acquired adjacent claims, we're only scratching the surface in this underexplored part of the legendary Abitibi. The stage is set for aggressive follow-up drilling and multiple discovery opportunities. '
Solstice plans follow-up drilling focused on expanding the Red Cedar Discovery, targeting extension of its associated 300x500m IP anomaly. Additional drilling will test down-dip expansion of the Leckie Gold Zone, which contains high-grade, shallow-depth historic intercepts on Solstice claims which can be accessed using ice-based drilling. By advancing two compelling, high-grade targets, Solstice aims to significantly increase the potential for adding additional high-grade intercepts on the Strathy Gold Project. Solstice also plans to extend IP surveys to cover an additional 35% of its core claims.
Figure 1: Map of all drillholes on the Spring 2025 drill campaign. Targets 2 and 3 represent the North and South extension of the gold-bearing Leckie Fault.
Table 1: Drill Results (Gold)
Table 2: Drill Results (Base Metals)
Hole
Easting
Northing
Depth
Azimuth
Dip
Comment
SGPDH25-01
591023
5216571
190
60
-45
68.70m @ 1358.69ppm Ni + Cu (acid soluble) in ultramafic
SGPDH25-03
591051
5216521
271
57
-62
42.17m @ 1048.05 Ni + Cu ppm (acid soluble) in ultramafic and
10.50m @ 1245ppm Ni + Cu (acid soluble) in ultramafic
SGPDH25-11
590549
5216398
286
306
-45
7.00m @ 1198.93ppm Ni + Cu (acid soluble) and
13.00m @ 1048.08 Ni + Cu (acid soluble)
*Reported widths are core lengths, true widths not known
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QA/QC Procedures
All ½ NQ drill core samples were collected in a secure location, placed into sealed bags and shipped to Activation Laboratories Ltd. ("ActLabs") in North Bay, Ontario. A series of industry standard internal quality control and assurance programs were followed, which included security tags on all shipments and the insertion of certified reference materials, duplicates (¼ core) and blank samples in regular intervals. Samples were processed at the lab for gold analysis by a 50-gram fire assay with finish by atomic absorption as well as 1,000-gram fire assay with metallic screen (package 1A4–1000) for samples with >0.1g/t Au FA. Multi-element analysis was done using aqua regia digestion (package 1E3–ICP). A total of 57 high sulphide or arsenic samples were run as check fire assays using modified flux by Actlabs and or photon assay. Six of the reanalyses returning results with a variance of between +92% and 331% compared to the original metallic assay. Twenty-three high Ni-Cr-Cu samples (combined >2,000ppm) were analyzed for gold using NiS FA at ActLabs, with five samples returning between +60% to +697% compared to 2x detection limit of original metallics assays (60ppb). Taken together, these re-assays suggest that further investigation regarding the accurate determination of gold contents of certain samples may be justified.
Analytical results passed internal QA/QC review. Some standards were within ranges requiring closer review but given the scale and general consistency of QA/QC analysis, the Company deems these exceptions to be insignificant. ActLabs is independent of Solstice.
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. Located on the Trans Canada Highway, the project has excellent access to infrastructure and mining expertise. 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 surface 1, 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.
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
References:
OGS Assessment file No. 31M04SW0088
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 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. 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 base metal royalty and property portfolio of over 80 assets was purchased in October 2021. Well over $2.5 million in value and over 25 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, 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. 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 further geological exploration this year, that gold 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 obtain 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.
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.