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Solstice Gold Announces Positive Interim Summer Exploration Results from the Kahuna Project, Nunavut, Canada and Announces Appointment of New VP Exploration
VANCOUVER, British Columbia, Sept. 04, 2018 (GLOBE NEWSWIRE) -- Solstice Gold Corp. (TSXV: SGC) (“Solstice” or the “Company”) is pleased to provide interim resu
About this update from Solstice Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 04, 2018 (GLOBE NEWSWIRE) -- Solstice Gold Corp. (TSXV: SGC) (“Solstice” or the “Company”) is pleased to provide interim results from its summer, 2018 work program at its 100% owned 841 km2 Kahuna Gold Project (“Kahuna” or the “Project”), located near Rankin Inlet, Nunavut. The objectives of the 2018 program are to identify targets for potential drill follow up and also to prospect under-explored parts of the large Project area. Highlights to date from detailed geological sampling, mapping, prospecting and detailed high resolution till surveys in the southwestern part of the project (“Westeros”) are as follows: Results support the interpreted setting of Westeros between two major breaks and possible influence of associated, extensively-developed regional structures on gold mineralization. Significant gold-in-boulder field in Westeros fold hinge expanded to 30 km2 area. Discrete fold hinge targets identified of up to 3 km strike length. Samples include up to 34 g/t gold including 17 g/t gold in new sampling. At least eight priority target source areas identified from detailed till sampling over central Westeros fold. Geological setting of Westeros The Westeros area (Figure 1) comprises a large fold (40 km unfolded strike length) defined by sedimentary units +/- gabbro folded around a largely tonalitic core. The fold is developed between two large regional shear zones or breaks, the Westeros Break and its associated splays in the North and the Pyke fault in the South, splays off which host the significant Meliadine gold deposits, owned by Agnico Eagle Mines Ltd.* The area between the major breaks is referred to informally by Solstice as the Pyke domain which is identified by the presence of similar rock types, structures and geophysical signatures. A prominent set of east-west axial planar structures locally with associated folding are developed throughout the Pyke domain. These are offset by NW-SE structures. The intersection of structures and associated folds are interpreted by Solstice as prime exploration targets, particularly where they intersect iron formation and other potential permissive host rocks. Figure 1 Figure 1: Regional Geophysics Westeros area. Base maps are second vertical derivative magnetics derived from Solstice data on Kahuna claims, assessment file and GSC open files 6606 ...