Business
Solstice Gold Completes Phase 2 Drilling at RLX Reviews Lithium Potential of Property
VANCOUVER, British Columbia, May 23, 2023 (GLOBE NEWSWIRE) -- Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) announces completion of
About this update from Solstice Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, May 23, 2023 (GLOBE NEWSWIRE) -- Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) announces completion of the 2023 winter diamond drilling program on our 100% owned, royalty-free Red Lake Extension (“RLX”) project, located in the northwestern corner of the Red Lake Gold Camp. A total of 4,034 m was drilled during the winter of 2023 in 12 drill holes. Drilling Summary Solstice completed 9,364m of diamond drilling in 23 drill holes as part of the Summer 2022 and Winter 2023 drilling programs which tested a 12 km corridor of RLX. This total includes two lost drill holes which were abandoned prior to reaching their targets. Two target areas, including one with previously documented gold (see Dome Exploration summary, below), were inaccessible due to unsatisfactory ice conditions. Results are summarized below and in Table 1 and Figure 1. Anomalous gold is present in 8 out of 23 drill holes over a tested strike length of 12 km. The best results are 1.96 g/t Au over 1.50 m (RLXDH22-07) at a down-hole depth of 331 m, 0.82 g/t over 1.05m (RLXDH22-02) at 317.6 m, and 0.33 g/t Au over 1.55 m (RLXDH23-12) at 99.45 m (Table 1 and Figure 1). Drill results further confirm that the RLX property is underlain by the northern extension of volcanic rocks of the Red Lake Greenstone Belt as documented at the Sidace gold deposit located approximately 12.5 km to the southwest (Evolution Mining 53.3% / Pacton Gold 46.7%). “While our drilling did not intersect high grade gold, we have confirmed gold is present over a wide area in a new extension of the Red Lake gold belt and a large portion of the property remains to be explored,” stated David Adamson, Chairman and Interim CEO. In addition to the gold identified by Solstice’s drill programs, previous drilling in 1980 by Dome Exploration* reported elevated gold in intrusive rocks in two shallow holes drilled on Nungesser Lake (Figure 1). One drill hole (B6) reported 0.62 g/t gold over 1.5 m at 57.3 m down hole, plus a separate interval of 0.62 g/t over 1.5 m at 62.0 m. This location was inaccessible in 2023 drilling due to ice conditions. A second drill hole (B7) located approximately 1.8 km further east, reported 0.62 g/t gold over 1.3 m at 59 m. Dome reported a total of 12 AQ (18mm diameter) drill holes in the area for a total of 1198.3 m. Gold ass...