Solstice Acquires New Lithium Project in the Emerging Quetico Lithium District, Ontario

About this update from Solstice Gold Corp.

[{"type":"text","content":" Acquisition Increases Solstice’s Land Position in the District to Three Projects VANCOUVER, British Columbia, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) is pleased to announce that it has acquired a 31 km2 land position for the purpose of lithium pegmatite exploration located in the emerging Quetico Lithium District, in the Long Lake area in northwest Ontario, approximately 200 km northeast of Thunder Bay and 40 km from the town of Geraldton, Ontario which is located on the Trans-Canada Highway. The claims were acquired through an option (the “Option”) to acquire 100% of seven multi-cell claims on the eastern flank of the District (Figure 1). Emerging Quetico Lithium District Spodumene discoveries reported by exploration groups in 2023 are defining a greatly expanded area with high lithium potential within the Quetico Subprovince. This Quetico Lithium District is centred around the Georgia Lake Lithium deposit (owned by Rock Tech, Figure 1). In 2023, a new spodumene discovery was reported by Pegmatite One (“PGA”1) west of the Georgia Lake pegmatites adjacent to Solstice’s Church and Purdom Properties. Spodumene was also reported in 2023 to the east of Georgia Lake by Tearlach (“TEA”) on their Georgina Properties2, which are adjacent to Solstice’s Gathering Lake claims, optioned to Green Technology Metals (see Figure 1). Solstice’s newly acquired Kamuck Property is located to the east of these discoveries and exhibits abundant pegmatite with fertility indicator minerals.   Key Features of the Kamuck Property The Kamuck Property is located on the eastern edge of a grouping of government-mapped two-mica granites (yellow outlines in Figure 1), which are important components in LCT pegmatite districts globally. Recent prospecting at Kamuck observed over 80% pegmatite on a traverse on a promising 50-hectare feature identified by aerial imagery (Figure 2). The pegmatite is typically coarse-grained plagioclase feldspar with abundant indicators of fertility including books of muscovite, garnet, cordierite, and possible fluorapatite3. The pegmatites observed at Kamuck occur within a high potential 50 ha area readily identified on satellite images. The area is defined by visible outcrops identical to areas mapped as pegmatite (Figure 2). There is no record of any ...

More updates from Solstice Gold Corp.