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Solstice Gold Identifies New Targets From High Resolution Till Survey at Kahuna Gold Project
VANCOUVER, British Columbia, Nov. 27, 2018 (GLOBE NEWSWIRE) -- Solstice Sold Corp. (TSXV: SGC) (“Solstice”, the “Company”, “we” or “our”) is pleased to provide
About this update from Solstice Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 27, 2018 (GLOBE NEWSWIRE) -- Solstice Sold Corp. (TSXV: SGC) (“Solstice”, the “Company”, “we” or “our”) is pleased to provide complete results from a 2018 high-resolution till program* (“Hi-Res”) covering part of the extensive 920 km2 Kahuna Gold Project (“Kahuna” or the “Project”), located near Rankin Inlet, Nunavut. The objective of the Hi-Res till program was to test for gold potential in several priority target areas where relatively limited outcrop exists. The survey area lies southwest of the previously described Qaiqtuq target area which contains abundant elevated gold in boulders** and, locally, gold in outcrop (see news release dated November 13, 2018). The Hi-Res survey (2050 samples) was carried out over the central part of the Westeros Fold over an area of approximately 85 km2 (Figure 1). Sampling was on a nominal grid spacing of 100-200m. Highlights of the results are: Identification of three areas of elevated gold-in-till (Figure 1) referred to as SWW (Southwest Westeros), SW (South Westeros) and NW (North Westeros). The SSW area covers an area of approximately 1.3 km x 1.6 km and is immediately down-ice (southeast) of the highly magnetic southern limb of the regional Westeros fold (Figure 1). The Westeros limb in this area is interpreted to be cut by east-west trending faults which can be traced westwards towards Meliadine. The SW area covers an area approximately 2.2 km x 1.5 km and exhibits pronounced east west trends which are parallel to interpreted faults in the area. Elevated gold-in-till in the SW area also correlates with anomalous grab samples of mineralized boulders and locally mapped iron formation (Figure 1). The NW area covers an area of approximately 1.1 km x 1.0 km and is close to highly magnetic trends associated with the northern limb of the Westeros fold. This area is associated with a major splay fault system off the regional Raptor-Westeros fault zone and thus represents an attractive target for follow up. A total of 32 till samples contain >98.5th %ile gold values of between 45ppb and 3290ppb gold (Figure 2). These elevated values occur in each of the three target areas described above as well as in other areas. It should be noted that the till samples reported herein are not concentrates and that nominal 1 Kg samples would be expected to contain substanti...