- Two of the new projects (Taillon, and Berens) have been mapped as greenstone and extensions of the
Red Lake greenstone belt by theOntario Government Survey (“OGS”).1,2 Our third project (Moreau) was staked to cover nearby extensive EM anomalies which occur over an approximately 5km strike length. According to the OGS1, the Taillon area are “correlative with the Balmer assemblage rocks in Red Lake”. Most of the major gold deposits inRed Lake are located within Balmer assemblage rocks. - Along with our RLX project, acquired in February, 2021 (see our
February 4, 2021 news release for details), Solstice now controls three of the four known greenstone slivers which extend northwards from the mainRed Lake belt. - Collectively, our four projects cover most of the known EM conductors in the area3 (see Figure 1).
- All of our projects, including RLX, are associated with interpreted major structures (see Figure 1). In January, 2021, the OGS4 pointed to the potential significance of fault structures in the area which they suggested may represent a possible third major structure in the
Red Lake belt, the other two being interpreted by the OGS to generally correlate with the location of two major gold deposits in theRed Lake camp. - There is no record of previous exploration in the new project areas despite them being extensions of the
Red Lake greenstone belt. - Collectively, we now control 15,175 Ha (759 claim units) in this emerging exploration play.
“The
During his successful 16 years of exploration in the
Solstice is currently formulating exploration plans for the RLX and New Projects which we will announce in due course.
Additional details regarding the
About Solstice
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
Solstice is committed to responsible exploration and development in the communities in which we work. For more details on
Figure 1: Location Map for newly acquired properties. Compilation map is by the OGS1,2, airborne EM anomalies are from 2008 surveys by the OGS3. Interpreted major structures (blue lines) are by Solstice based on interpretation of magnetic and EM datasets. Lake conductors in
Neither
1 Buse, S. and Préfontaine, S. 2007. Precambrian geology of the
supracrustal remnants study area and the
2 OGS: Stone D. 1998. Precambrian geology,
3
4 https://www.mndm.gov.on.ca/sites/default/files/recommendations_for_exploration_2020-2021.pdf
MNDM Interpretation from: Lewis, S.O. 2021. Deep tapping seismic structure in the
(Refers to an Original Seismic Interpretation from:
Zeng, Fafu and
5
This news release contains references to other projects, their structures and mineralization, there is no certainty that Solstice’s projects will contain similar structures or mineralization.
On Behalf of
Chairman
For further information please visit our website at www.solsticegold.com or contact:
President
info@solsticegold.com
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. 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 news release also include, but are not limited to, the extent and timing of described programs and ground-work, such as rock sampling, drilling, geophysics, mapping, till sampling and analysis. Geological interpretations are FLS and are subject to change based on additional data and/or further analysis. FLS in this news release include comparison with certain geological features at adjacent and regional projects. There can be no guarantee that continued exploration at Solstice exploration projects, which are at an early stage of exploration, will lead to the discovery of an economic gold deposit. Factors that could cause actual results to differ materially from any FLS include, but are not limited to, the future impacts of the COVID 19 pandemic and government response to such pandemic, the ability of the Company to continue exploration at its project in lieu of the pandemic and the risk of future lack of access to the project as a result thereof, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inability to locate source rocks, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, regulatory approvals and other factors. FLS are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results.
Potential shareholders and prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the FLS. Shareholders are cautioned not to place undue reliance on FLS. By their nature FLS involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Solstice undertakes no obligation to update publicly or otherwise revise 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.
Figure 1
Figure 1
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