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Solstice Gold Field Work Supports 16km Extension of the Red Lake Gold Camp
VANCOUVER, British Columbia, March 14, 2022 (GLOBE NEWSWIRE) -- Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) is pleased to announc
About this update from Solstice Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, March 14, 2022 (GLOBE NEWSWIRE) -- Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) is pleased to announce results of airborne electromagnetic (“EM”) surveys and soil sampling at our RLX Gold Project (“RLX”), located in the northwestern extension of the prolific Red Lake Gold Camp (the “Camp”). The 2021 field results have outlined four key target areas with gold in soil anomalies as well as geological, geophysical, and geochemical settings that are consistent with other deposit areas in the Camp. The Company plans to test these targets in 2022 starting with a 5,000 metre, permitted and fully funded drill program. Based on a compilation of the new data, we have recently extended our land position from 5.5 km2 to 11 km2 with new staking to secure additional prospective ground. Summary of Results Combined EM, soil and geological data reveal approximately 16km of strike potential within a largely unexplored extension of the Red Lake Gold Camp. Strongly elevated gold and spatially associated soil pathfinder elements combined with EM and structural interpretations define numerous target areas in several settings. EM response within the project is widespread and variable with subdued conductivity in areas of elevated soil geochemical responses. This may indicate alteration of host conductive units by later processes associated with mineralization. NE-trending conductors are present in several areas which correlate with interpreted, and locally observed, NE-trending geological features which cut the regional NW trending fabric. Areas of strong conductivity are present including some outside of known greenstone belts. NE-trending structures with an interpreted extensional component may provide support for the presence of a major crustal fault (“E1”) as interpreted from seismic data1. In February 2021, the Ontario Geological Survey (“OGS”) drew attention to regional seismic structures surfacing in the area of RLX noting that two other similar structures are associated with important gold deposits in the Camp2. Mike Timmins, Solstice’s Chief Executive Officer, stated, “Our goal in Red Lake is to make a discovery outside of the traditional mine trend in areas of the Camp which are meaningfully underexplored. Last year’s fieldwork has generated several exciting target areas which will n...