Latest news with #StrathyGoldProject
Yahoo
3 days ago
- Business
- Yahoo
Solstice Gold Makes New Discovery Intersecting 8.52 g/t Au over 3.5m at the Strathy Gold Project in NE Ontario
– Solstice's first drill program at Strathy delivers new high-grade gold discovery, wide open for expansion, in one of the world's most productive gold belts – VANCOUVER, British Columbia, August 13, 2025--(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. Spring 2025 Drill Program Highlights New Discovery – Red Cedar Zone 8.52 g/t Au over 3.5m (including 28.7 g/t Au over 1.0m) Located ~1.1 km east of the main Leckie Target in a previously untested area First documented gold in this target area – open in all directions Hosted within a robust 550 x 300 metre IP chargeability anomaly, which remains open for expansion to the east Leckie Fault Extensions New gold-bearing extensions intersected north and south of the main Leckie Gold Zone Results include 6.33 g/t Au over 1.5m and multiple well-mineralized zones with 5–10% sulphides and >3% arsenopyrite over up to 4.5m. Fault mineralization traced over >1 km strike length dipping onto Solstice claims and open to depth. Untested High-Grade Potential The main Leckie Gold Zone hosts historic intercepts of 5.08 g/t Au over 17.28m and 7.66 g/t Au over 7.25m1 on Solstice claims This Zone remains untested by Solstice due to ice access requirements Geophysics Driving Discovery Autumn 2024 IP survey proved effective, directly correlating chargeability anomalies with gold mineralization Over 30 IP anomalies remain untested 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) Target Area 1 Hole Easting Northing Depth Azimuth Dip From To Width (m) Au g/t Comment SGPDH25-09 592393 5215942 175 330 -45 113.00 116.50 3.50 8.52 Quartz veined mafic volcanics INCLUDING SGPDH25-09 592393 5215942 175 330 -45 113.00 114.00 1.00 28.70 SGPDH25-10 592135 5216046 150 333 -45 Diabase dyke intruded target Target Area 2 Hole Easting Northing Depth Azimuth Dip From To Width (m) Au g/t Comment SGPDH25-08 591570 5215788 376 105 -45 238.65 245.40 6.75 0.73 7% Py and Aspy SGPDH25-08 591570 5215788 376 105 -45 270.50 272.00 1.50 6.33 Quartz veined mafic volcanics SGPDH25-06 591578 5215859 319 60 -45 200.85 201.85 1.00 1.05 10% Py and Aspy SGPDH25-06 591578 5215859 319 60 -45 214.50 216.03 1.53 0.63 Py in altered mafic volcanic. Up to 297ppm As SGPDH25-07 591510 5215865 202 90 -45 11.70 13.00 1.30 0.70 Contains massive arsenopyrite SGPDH25-07 591510 5215865 202 90 -45 93.26 94.26 1.00 0.85 10% Py+Po+Aspy (Cp) SGPDH25-05 591455 5215852 202 90 -45 34.50 36.00 1.50 0.26 - SGPDH25-05 591455 5215852 289 60 -50 142.00 143.00 1.00 0.39 - SGPDH25-05 591455 5215852 289 60 -50 216.50 217.50 1.00 0.25 Strong silica + ankerite Target Area 3 Hole Easting Northing Depth Azimuth Dip From To Width (m) Au g/t Comment SGPDH25-04 590870 5216425 31 50 -50 8.75 9.75 1.00 1.79 Hole lost at 31m SGPDH25-04A 590870 5216425 400 59 -50 14.50 15.20 0.7 1.69 2% fracture Py+Po SGPDH25-03 591051 5216521 271 57 -62 151.50 153.00 1.50 0.87 Massive Po-Py veinlets SGPDH25-03 591051 5216521 271 57 -62 154.50 159.00 4.50 0.86 0.5cm massive Po-Py veins SGPDH25-03 591051 5216521 271 57 -62 68.50 70.00 1.50 0.44 Qtz vein SGPDH25-01 591023 5216571 190 60 -45 133.3 134.7 1.40 1.01 Po in qtz-breccia vein plus local Po patches SGPDH25-01 591023 5216571 190 60 -45 55.50 57.00 1.50 0.47 Aspy on fracture SGPDH25-02 591074 5216596 250 60 -65 221.00 222.00 1.00 0.48 Massive Py vein, 278ppm As SGPDH25-02 591074 5216596 250 60 -65 225.00 226.00 1.00 0.29 Po-Py veinlets SGPDH25-13 590571 5216414 130 70 -50 No significant result Target Area 4 Hole Easting Northing Depth Azimuth Dip From To Width (m) Au g/t Comment SGPDH25-11 590549 5216398 286 306 -45 No significant result SGPDH25-12 590549 5216398 106 306 -63 No significant result SGPDH25-14 590390 5216351 4 330 -45 Hole lost at 5m *ICP Analysis not complete on all holes **Reported widths are core lengths, true widths not known 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 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 km2 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 surface1, and documented surface sample results of up to 62.7 g/t Au2. 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 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 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 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 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, 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. View source version on Contacts On Behalf of Solstice Gold Corp. Pablo McDonald, Chief Executive OfficerFor further information on Solstice Gold Corp., please visit our website at or contact:Phone: (604) 283-7234info@ Sign in to access your portfolio
Business Wire
3 days ago
- Business
- Business Wire
Solstice Gold Makes New Discovery Intersecting 8.52 g/t Au over 3.5m at the Strathy Gold Project in NE Ontario
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. Share 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 Expand 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 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 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, 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.
Business Wire
02-07-2025
- Business
- Business Wire
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
VANCOUVER, British Columbia--(BUSINESS WIRE)--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 '). The combined area of the acquired claims will add 373 hectares to our core Strathy claim block, increasing its area by 50% Share 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 km 2 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 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. 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 The Company wishes to point out that, since assays are pending, there is no certainty that observed mineralization will contain elevated gold. References: About Solstice Gold Corp. Solstice is an exploration company with quality, district-scale gold projects in established mining regions of Canada. Our 45 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 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 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, 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.
Yahoo
23-04-2025
- Business
- Yahoo
Solstice Gold Commences Initial Drill Program at the Strathy Gold Project in the Temagami Greenstone Belt, Abitibi Subprovince, NE Ontario
VANCOUVER, British Columbia, April 23, 2025--(BUSINESS WIRE)--Solstice Gold Corp. (TSXV: SGC) ("Solstice", "we", "our" or the "Company") is pleased to announce the commencement of the initial diamond drill program at the Strathy Gold Project (the "Project"), located in the Temagami Greenstone Belt in the prolific Abitibi Subprovince in Ontario. Spring 2025 Drill Program The Spring 2025 drill program will include 3,500m of drilling across 15-18 drill holes and test five high-priority target areas. Targeting for this initial drill program has been developed based on gold mineralization from historic drilling at the Leckie Gold Zone (see Figure 1) and detailed results from the Company's 17.5 line km IP survey, completed by Simcoe Geosciences in November 2024: Documented gold mineralization on Solstice's claims at the Leckie Gold Zone includes 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. Solstice's 2024 IP surveys detect the known mineralization mentioned above. Additionally, IP results also show extensive, better developed and untested IP anomalies along the North and South extensions of the Leckie Fault (see Figure 1). High-Priority Drill Targets Building on the historic gold mineralization at the Leckie Gold Zone and more well-developed IP anomalies along strike on the Leckie Fault, three target types will be tested: Leckie Fault Extensions: North and South extensions of the Leckie Fault show strong IP chargeability anomalies. Many of these are better developed than those at the historic high-grade intercepts noted above. Potential Intrusive-Related Targets: A second type of target at Strathy which exhibits high chargeability and associated high resistivity (as opposed to low resistivity at the Leckie Gold Zone). These IP responses are up to 800m long and may suggest the presence of a different style of mineralization from the Leckie Fault, possibly associated with intrusive source rocks, which are spatially associated with many gold deposits in the Temagami Greenstone Belt and in the Abitibi in general. New Leckie-Parallel Faults: Digital elevation modelling (DEM) and IP data define linear N-S targets which are interpreted to represent multiple Leckie-type targets across the Property. The highest priority areas on these targets are where they intersect the high chargeability / high resistivity targets described above. About the Strathy Gold Project The Strathy Gold Project is an extensive 41 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 will be 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 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 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 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, 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 promising geochemical and mineralogical anomalies, further evaluation and modelling following completion of the new IP survey and the extension of in-depth systematic prospecting and sampling program this year. 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, 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. View source version on Contacts On Behalf of Solstice Gold Corp. Pablo McDonald, Chief Executive OfficerFor further information on Solstice Gold Corp., please visit our website at or contact:Phone: (604) 283-7234info@ Sign in to access your portfolio
Business Wire
23-04-2025
- Business
- Business Wire
Solstice Gold Commences Initial Drill Program at the Strathy Gold Project in the Temagami Greenstone Belt, Abitibi Subprovince, NE Ontario
VANCOUVER, British Columbia--(BUSINESS WIRE)--Solstice Gold Corp. (TSXV: SGC) ('Solstice', 'we', 'our' or the 'Company') is pleased to announce the commencement of the initial diamond drill program at the Strathy Gold Project (the 'Project'), located in the Temagami Greenstone Belt in the prolific Abitibi Subprovince in Ontario. Solstice's Spring 2025 drill program will include 3,500m of drilling across 15-18 drill holes and test five high-priority target areas. Share Spring 2025 Drill Program The Spring 2025 drill program will include 3,500m of drilling across 15-18 drill holes and test five high-priority target areas. Targeting for this initial drill program has been developed based on gold mineralization from historic drilling at the Leckie Gold Zone (see Figure 1) and detailed results from the Company's 17.5 line km IP survey, completed by Simcoe Geosciences in November 2024: Documented gold mineralization on Solstice's claims at the Leckie Gold Zone includes 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. Solstice's 2024 IP surveys detect the known mineralization mentioned above. Additionally, IP results also show extensive, better developed and untested IP anomalies along the North and South extensions of the Leckie Fault (see Figure 1). High-Priority Drill Targets Building on the historic gold mineralization at the Leckie Gold Zone and more well-developed IP anomalies along strike on the Leckie Fault, three target types will be tested: Leckie Fault Extensions: North and South extensions of the Leckie Fault show strong IP chargeability anomalies. Many of these are better developed than those at the historic high-grade intercepts noted above. Potential Intrusive-Related Targets: A second type of target at Strathy which exhibits high chargeability and associated high resistivity (as opposed to low resistivity at the Leckie Gold Zone). These IP responses are up to 800m long and may suggest the presence of a different style of mineralization from the Leckie Fault, possibly associated with intrusive source rocks, which are spatially associated with many gold deposits in the Temagami Greenstone Belt and in the Abitibi in general. New Leckie-Parallel Faults: Digital elevation modelling (DEM) and IP data define linear N-S targets which are interpreted to represent multiple Leckie-type targets across the Property. The highest priority areas on these targets are where they intersect the high chargeability / high resistivity targets described above. 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. 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. 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 will be 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 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 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 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, 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 promising geochemical and mineralogical anomalies, further evaluation and modelling following completion of the new IP survey and the extension of in-depth systematic prospecting and sampling program this year. 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, 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.
