Business
Solstice Gold Commences 2022 Field Program at its Atikokan Gold Project
Airborne surveys and intensive prospecting over 322 km2 VANCOUVER, British Columbia, April 05, 2022 (GLOBE NEWSWIRE) -- Solstice Gold Corp. (TSXV: SGC) (“Solsti
About this update from Solstice Gold Corp.
[{"type":"text","content":" Airborne surveys and intensive prospecting over 322 km2 VANCOUVER, British Columbia, April 05, 2022 (GLOBE NEWSWIRE) -- Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) is pleased to announce that we have commenced exploration programs at our Atikokan Gold Project (the “Property”) in the Hammond Gold Camp in NW Ontario. The 322 km2 Property is located approximately 120km west of Thunder Bay and 26km east of the Hammond Reef Gold Project owned by Agnico Eagle Mines Limited (“Agnico”)1. Solstice believes that regional exploration work in recent years by both prospectors and Agnico have demonstrated good potential for new gold discoveries associated with extensive NE and NNE trending faults hosted by the Marmion batholith. Despite its excellent location close to infrastructure, surprisingly little exploration has been carried out over most of this terrain. The objective of the 2022 program will be to carry out high resolution geophysical surveys followed by intensive field mapping and prospecting to define targets for follow up. Priority areas of focus are outlined in Figure 1 and include: Known areas of up to 10% sulphide mineralization north of Mercutio Lake which were prospected in 2021. Early spring lakeshore prospecting is planned for this area as low lake levels expose outcrop and lake ice provides excellent access. A >20km long fault structure at the contact of the batholith and a magnetic composite dyke where numerous outcroppings with quartz veining were identified, in one area up to 1000m2 of near massive quartz, accompanied by widespread iron carbonate alteration and disseminated pyrite. This area will be slated for detailed follow-up. Numerous unexplained gold and silver lake sediment anomalies in many cases aligned along interpreted structures. Other major faults identified from current topographic and magnetic data which will be augmented by ongoing airborne geophysical surveys commissioned by the Company. Mike Timmins, Solstice CEO stated, “We have kicked off this year’s field activities over one of the largest land positions in the Hammond Gold Camp and are fortunate to be working with several technical partners with extensive local expertise. Conducting large-scale grass-roots exploration across kilometers of prospective structure is exciting for our shareholders and a great opportunit...