Solstice Acquires Two New Lithium Projects in Frazer Lake Area, near Nipigon, Ontario

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[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) is pleased to announce that it has established a combined 96 km2 strategic land position for the purpose of lithium pegmatite exploration located in the Frazer Lake area in NW Ontario, approximately 85 km NE of Thunder Bay and 10 km from the town of Nipigon, Ontario which is located on the Trans-Canada Highway. The new acquisitions comprise a southern staked area of 55 km2 (261 claims) referred to as the Church Lake Project (“CLP”) and an option (the “Option”) to acquire 100% of a further 41 km2 (14 claims) located to the northeast (the “Purdom Project”) (Figure 1).       1)   Key Features of CLP The CLP is located approximately 5 km south of claims controlled by Pegmatite One Lithium (“PGA”)1 which host a new LCT (Lithium-Cesium-Tantalum) pegmatite discovery. The CLP lies within the halo of a two-mica granite mapped by the Ontario Geological Survey (“OGS”) (P3562) (yellow outline in Figure 1), which may be the source of LCT pegmatites in the area. The OGS documents numerous tourmaline pegmatites proximal to this intrusive. A small two-mica granite/tourmaline occurrence 1 km to the west of the CLP boundary is also described. The CLP lies at the southern end of a prominent, regional north-south fault which is coincident with several >95%ile Li lake sediment anomalies2 (Figure 1). There are also prominent east-west structures throughout the area along its length. Recent prospecting at CLP has led to the discovery of five 12-30m-wide pegmatites within a 1km x 0.5km area, located close to the main N-S structure noted above (Figure 1), These typically contain quartz, albite and potassium feldspar along with books of muscovite and garnet. Trace minerals observed include beryl or fluor-apatite and an unidentified black prismatic mineral that registers 300-800 ppm Li using LIBS3 (Figure 1). Additional work will be required to definitively identify these trace minerals. The pegmatites identified at CLP are often visible using satellite photography. Numerous similar responses are present at CLP (see Figure 1). There is no record of any exploration over the CLP area. Follow up prospecting, sampling and assaying of these pegmatites is ongoing at CLP and add...

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