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Solstice Gold Further Consolidates Land Holdings in the Red Lake Gold Camp
VANCOUVER, British Columbia, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) is pleased to announce
About this update from Solstice Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) is pleased to announce that we have further consolidated our land holdings in the northern extension of the world-class Red Lake Gold Camp through the acquisition of the 23 km2 New Frontier Gold Project (“New Frontier”) (Figure 1). This adds to our existing land holdings anchored by our RLX Gold Project (“RLX”), where we now control 174km2 of prospective greenstone extensions over deep-tapping regional structures (Figure 2). A Dominant Land Position Key to Exploration Success in Red Lake In addition to RLX and New Frontier, we control 100% of the northern extension of the Belt in three additional greenstone areas, the Berens, Taillon and Moreau projects (Figure 1). Finally, through our recent royalty and property portfolio acquisition (see new release dated September 15, 2021) we are the underlying owners of all intervening mining claims which are currently under option to project partners covering an additional 82 km2. Mike Timmins, Solstice’s Chief Executive Officer, stated, “We are very pleased to have assembled a commanding land position in the prolific Red Lake Gold Camp. Our summer work at RLX which included new geochemistry, upgraded property-wide geophysics and field mapping, continue to reveal potential and drill targets along the belt. We plan to provide an update on targeting once final results for these surveys have been received. The Company is funded for phase one drilling at RLX and we look forward to applying our extensive experience and local expertise to advance exploration. Our goal in Red Lake is to make a discovery outside of the traditional mine trend, guided by a new regional structural model and a keen focus on areas of the Camp which are known to host gold at surface but are largely unexplored. This is an exciting time for Solstice shareholders ahead of what will be a very busy 2022 for the Company.” Major Crustal Structures Projected to Surface on Solstice Ground Add Discovery Potential In February 2021, the Ontario Geological Survey (“OGS”) highlighted the northern extension of the Camp in its annual ‘recommendations for exploration’ publication1. In that report the OSG drew attention to the interpretation of seismic profile data2,3. Collectively, these references i...