Through the purchase of the 23 km2 New Frontier Gold Project, Solstice Gold has now further consolidated its land holdings in the northern extension of the Red Lake Gold Camp.
Land position in the northern extension of the Red Lake Gold Camp (Image Credit: Solstice Gold Corp.)
This purchase to the company’s existing land holdings is anchored by its RLX Gold Project, where the company currently controls 174 km2 of potential greenstone extensions over deep-tapping regional structures.
A Dominant Land Position Key to Exploration Success in Red Lake
Besides RLX and New Frontier, Solstice Gold controls 100% of the northern extension of the Belt in three more greenstone areas, the Taillon, Berens and Moreau projects. Finally, through its latest royalty and property portfolio acquisition, the company is the underlying owner of all intervening mining claims which are presently under option to project partners encompassing an extra 82 km2.
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.
Mike Timmins, Chief Executive Officer, Solstice Gold
“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,” Timmins added.
This is an exciting time for Solstice shareholders ahead of what will be a very busy 2022 for the Company.
Mike Timmins, Chief Executive Officer, Solstice Gold
Major Crustal Structures Projected to Surface on Solstice Ground Add Discovery Potential
In February 2021, the Ontario Geological Survey (“OGS”) underlined the northern extension of the Camp in its yearly “recommendations for exploration” publication. In that publication, the OSG emphasized the interpretation of seismic profile data.
Together, these references detect two crucial crustal features, referred to as E1 and E2. According to the OGS, analogous structures further to the south can be observed close to the Red Lake Mine trend and the Dixie Project (LP Fault) of Great Bear Resources, respectively.
Both E1 and E2 may signify important deep-tapping crustal features which, elsewhere in Red Lake are related to key gold deposits. Solstice Gold regulates the surface projections of E1 and E2 at its RLX and New Frontier projects, respectively.
David Adamson Ph.D., Solstice’s Chairman, stated, “The identification of both the location and significance of major crustal features by the OGS and others in this northern extension of the belt further emphasise the potential of this area for gold discovery. As several third parties have pointed out, similar structures occur close to major gold deposits in Red Lake.”
We have a dominant land position in this new area and thus provide unique exposure to the exploration of the E1 and E2 structures and what is potentially the new frontier for gold exploration in Red Lake.
David Adamson Ph.D., Chairman, Solstice Gold