Business
Solstice Gold Completes Surface Mapping and Commences Drilling on Our Meliadine Area Gold Project
VANCOUVER, British Columbia, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Solstice Gold Corp. (“we”, “our” “the Company”) (SGC:TSX.V) is pleased to announce the successful
About this update from Solstice Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Solstice Gold Corp. (“we”, “our” “the Company”) (SGC:TSX.V) is pleased to announce the successful completion of field mapping on part of our 928 km2 Meliadine area property in Nunavut. Mapping has significantly advanced our understanding of the geology of the 50 km2 target area, referred to as “Enterprise”. As a result, the company has initiated drilling on several priority targets described in more detail below. The main purpose of the program was to test our model of the Enterprise area and to develop data to better understand geological and structural controls prior to diamond drilling. The Enterprise area lies adjacent to and on strike of leases owned by Agnico Eagle on which drilling in 2005 returned up to 9.6 g/t over 3.2 m (Aqpiq showing*). Gold at Aqpiq is developed within iron formation and is closely associated with major faulting. A key objective of the Solstice program was to determine if the same geological sequence extends onto Solstice claims in an area which is coincident with a 5 km2 area of distinctive magnetic depletion. A summary geological map with currently planned drill hole locations is provided in Figure 1 and proposed drill holes are presented in Table 1. Field Program Highlights 1) Mapping has discovered a major shear zone (mylonite) which outcrops over a true thickness of over 100 m. The shear zone is the extension of a regional (at least 80 km long) structure we refer to as the Raptor-Westeros Fault Zone (RWFZ). Intensely deformed and rodded K-Spar-bearing rocks indicate a steep north dip with ‘north side up’. Lineation data plunge to the west at 5-15o with additional field observations indicating a right-lateral/dextral sense of movement. 2) The RWFZ abruptly cuts off and abuts a sequence of iron formation-bearing rocks which defines a 5 km2 block (“Enterprise Block”) which has been rotated clockwise through approximately 200 compared to the regional east west strike (Figure 1). Much of the Enterprise Block is occupied by lake (“Enterprise Lake”) but iron formation is mapped both to the northwest and southeast of the lake suggesting that observed magnetic trends are a continuation of the same iron formation units beneath the lake, albeit rotated and significantly less magnetic. Iron formation in bedrock along the western and south...