Solstice Gold Acquires New 187 km² Lithium and Rare Element Exploration Project

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[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) is pleased to announce that it has established a 187 km2 strategic land position for the purpose of lithium and rare element pegmatite exploration located in the Stewart Lake area, part of the geological terrain known as the eastern English River Subprovince (“ERS”) in NW Ontario. The project is located approximately 70 km NNW of the town of Nakina and the CN railroad (Figure 1) and has been acquired through staking of 175.2km2, 767 claims and a third-party option to acquire 100% of a further 11.46km2 (56 claims). Key Features of the Stewart Lake Project (‘SLP”) In the southern part of the SLP, a known iron formation and sediments were the target of diamond drill exploration for iron in the late 1950’s and early 1960’s carried out by several operators. Filed government assessment reports indicate that of 31 diamond drill holes reported on the SLP (average length 132.2m), 28 of these (90%) document multiple pegmatite occurrences (Figure 2). Figure 2 shows the number (17) and a maximum observed core length (max = 28.35 metres) of logged pegmatites in each of the historic drill holes located within the SLP claims. Pegmatites are both numerous and present over considerable core lengths (true thickness unknown). The logs indicate that the pegmatites were not assayed for lithium or other rare elements. On January 26, 2023, the rare-element pegmatite potential of the ERS was highlighted by the Ontario Geological Survey (“OGS”) in its “Recommendations for Exploration 2022-23”1 which includes the following statement: “The ERS is geologically similar to the Quetico Subprovince (Breaks 1991) and, as such, has the potential to host rare-element pegmatites within its interior. The lack of exploration activity completed in the area, as well as minimal detailed mapping, limits our understanding of the mineral potential of the ERS.” The OGS report also notes the presence of pegmatites immediately to the East of the SLP: “Numerous pegmatites, several of which are described in drill logs as bearing muscovite and/or garnet along with other mineralogical indicators of rare-element fertility.” Mike Timmins, Solstice CEO stated, “There is compelling evidence of widespread pegmatites with prospective mineralogy on ...

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