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Solstice Gold Commences Initial Drill Program at the Strathy Gold Project in the Temagami Greenstone Belt, Abitibi Subprovince, NE Ontario

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Solstice Gold Commences Initial Drill Program at the Strathy Gold Project in the Temagami Greenstone Belt, Abitibi Subprovince, NE Ontario
News

News

Solstice Gold Commences Initial Drill Program at the Strathy Gold Project in the Temagami Greenstone Belt, Abitibi Subprovince, NE Ontario

2025-04-23 18:02 Last Updated At:18:21

VANCOUVER, British Columbia--(BUSINESS WIRE)--Apr 23, 2025--

Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) is pleased to announce the commencement of the initial diamond drill program at the Strathy Gold Project (the “Project”), located in the Temagami Greenstone Belt in the prolific Abitibi Subprovince in Ontario.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250423899319/en/

Spring 2025 Drill Program

The Spring 2025 drill program will include 3,500m of drilling across 15-18 drill holes and test five high-priority target areas. Targeting for this initial drill program has been developed based on gold mineralization from historic drilling at the Leckie Gold Zone (see Figure 1 ) and detailed results from the Company’s 17.5 line km IP survey, completed by Simcoe Geosciences in November 2024:

High-Priority Drill Targets

Building on the historic gold mineralization at the Leckie Gold Zone and more well-developed IP anomalies along strike on the Leckie Fault, three target types will be tested:

About the Strathy Gold Project

The Strathy Gold Project is an extensive 41 km 2 land package in the Archean-age Temagami Greenstone Belt, which is the southernmost extension of the Abitibi Subprovince in Ontario. The Project includes parts of the Net-Vermilion Deformation Zone and the Link Lake Deformation Zone, which are two prominent Northeast-Southwest-trending structures crosscutting Archean metavolcanics. It contains documented, widespread high-grade gold mineralization, hosting historic intercepts of 5.00 g/t Au over 17.28m and 7.66 g/t Au over 7.25m (core lengths) at vertical depths of approximately 50-100 metres below surface 1, and documented surface sample results of up to 62.7 g/t Au2. Despite this demonstrated prospectivity, the core claims at Strathy have not been systemically explored in the past.

A 17.5 line kilometre IP program carried out in November 2024 has detected known mineralization, and in addition to this, the IP results show extensive, better-developed and untested IP anomalies along the North and South extensions of the Leckie Fault. The drill program described above marks be the first time that the core area of the Strathy Gold Project will be systematically drilled. The Strathy Gold Project is located along the Trans Canada Highway, has excellent access to infrastructure and mining expertise.

For more detailed information on the Project, including a technical review of the project and a detailed review of IP results and targeting, please visit www.solsticegold.com

References:

About Solstice Gold Corp.

Solstice is an exploration company with quality, district-scale gold projects in established mining regions of Canada. Our 41 km 2 Strathy Gold Project hosts high grade gold mineralization over a wide area straddling two NE-SW-trending structures. It is located in the Abitibi Subprovince of the Superior Craton and has never been systematically explored in its history. Our Qaiqtuq Gold Project which covers 662 km 2, hosts a 10 km 2 high grade gold boulder field, is fully permitted and hosts multiple drill-ready targets. Qaiqtuq is located in Nunavut, only 26 km from Rankin Inlet and approximately 7 km from the Meliadine Gold Mine owned by Agnico Eagle Mines Limited. Our district-scale Atikokan Gold Project is approximately 26 km from the Hammond Reef Gold Project owned by Agnico Eagle Mines Limited. Our 194 km 2 Red Lake Extension (RLX) and New Frontier projects are located at the northwestern extension of the prolific Red Lake Camp in Ontario and approximately 45 km from the Red Lake Mine Complex owned by Evolution Mining. An extensive gold and battery metal royalty and property portfolio of over 80 assets was purchased in October 2021. Well over $2.5 million in value and over 20 new royalties have been generated since the acquisition.

Solstice is committed to responsible exploration and development in the communities in which we work. For more details on Solstice Gold, our exploration projects and details on our portfolio of projects please see our Corporate Presentation available at www.solsticegold.com.

Solstice’s Chairman, David Adamson, was a co-award winner for the discovery of Battle North Gold Corporation's Bateman Gold deposit and was instrumental in the acquisition of many of the district properties in the Battle North portfolio during his successful 16 years of exploration in the Red Lake.

Sandy Barham, M.Sc., P.Geo., Senior Geologist, is the Qualified Person as defined by NI 43-101 standards responsible for reviewing and approving the technical disclosures of this news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements and Additional Cautionary Language

This news release contains certain forward-looking statements (“FLS”) including, but not limited to the need for more prospecting and analysis, that the geological and structural setting at the Strathy Gold Project is highly prospective for gold mineralization, defining drill targets, the focus of follow-up efforts on promising geochemical and mineralogical anomalies, further evaluation and modelling following completion of the new IP survey and the extension of in-depth systematic prospecting and sampling program this year. FLS can often be identified by forward-looking words such as “approximate or (~)”, “emerging”, “goal”, “plan”, “intent”, “estimate”, “expects”, “potential”, “scheduled”, “may” and “will” or similar words suggesting future outcomes or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. In respect of the FLS, the Company has made certain assumptions that management believes are reasonable at this time. The assumptions include that the Company will have sufficient financial resources for sampling and prospecting this year, that gold discoveries will be to the level anticipated however, there can be no assurance that such assumptions and statements will prove to be accurate and actual results could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from any FLS include, but are not limited to, limited capital or access to additional capital for prospecting, delays in obtaining or failures to obtain required TSXV, governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, regulatory approvals and other factors. FLS are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results.

Potential shareholders and prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the FLS. Shareholders are cautioned not to place undue reliance on FLS. By their nature FLS involve numerous assumptions, inherent risks and uncertainties, both general and specific that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Solstice undertakes no obligation to update publicly or otherwise revise any FLS whether as a result of new information, future events or other such factors which affect this information, except as required by law.

Historical Sampling and Drilling Data and Information

The sampling and drilling data and information presented in this news release (the “Historical Exploration Information”) is historical in nature. The reader is cautioned that the Historical Exploration Information is based on prior data and reports previously prepared by third parties without the involvement of Solstice. Solstice has not undertaken any independent investigation, nor has it independently analyzed the results of the Historical Exploration Information in order to verify the results. The reader is cautioned not to treat Historical Exploration Information, or any part of it, as current and that a qualified person has not done sufficient work to verify the results and that they may not form a reliable guide to future results. No independent quality assurance/quality control protocols are known for these historic samples and drill holes and therefore the Historical Exploration Information may be unreliable. Solstice considers these historical drill results relevant as the Company will use this data as a guide to plan future exploration and drilling programs. Solstice considers the data to be reliable for these purposes, however, the Company's future exploration work will include verification of the data through drilling.

Figure 1: 3D view of high chargeability (>15mV/V) isosurface with chargeability slices. Planned drillholes indicated in white/black at target areas. Note that IP responses at main targets are more pronounced than responses at the known Leckie Gold Zone.

Figure 1: 3D view of high chargeability (>15mV/V) isosurface with chargeability slices. Planned drillholes indicated in white/black at target areas. Note that IP responses at main targets are more pronounced than responses at the known Leckie Gold Zone.

President Donald Trump on Thursday visits a U.S. base installation at the center of American involvement in the Middle East as he uses his four-day visit to Gulf states to reject the “interventionism” of America’s past in the region.

In other parts of the Middle East violence flared in the West Bank and Gaza, A hospital in southern Gaza says 54 people have been killed in overnight airstrikes on the city of Khan Younis.

with a pregnant Israeli woman killed even as the international rights group ,Human Rights Watch ,said that Israel’s plan to seize Gaza, remain in the territory and displace hundreds of thousands of people “inches closer to extermination.”

Trump plans to address troops at Qatar’s al-Udeid Air Base, which was a major staging ground during the U.S. wars in Iraq and Afghanistan and supported the recent U.S. air campaign against Yemen’s Iran-backed Houthis. The president has held up Gulf nations like Saudi Arabia and Qatar as models for economic development in a region plagued by conflict as he works to entice Iran to come to terms with his administration on a deal to curb its nuclear program.

The President also meets business leaders in Qatar and heads to Abu Dhabi, the capital of the United Arab Emirates.

A hospital in southern Gaza says 54 people have been killed in overnight airstrikes on the city of Khan Younis.

An Associated Press cameraman in Khan Younis counted 10 airstrikes on the city overnight into Thursday, and saw numerous bodies taken to the morgue in the city’s Nasser Hospital. Some bodies arrived in pieces, with some body bags containing the remains of multiple people. The hospital’s morgue confirmed 54 people had been killed.

It was the second night of heavy bombing, after airstrikes Wednesday on northern and southern Gaza killed at least 70 people, including almost two dozen children.

The strikes come as U.S. President Donald Trump visits the Middle East, visiting Gulf states but not Israel. There had been widespread hope that Trump’s regional visit could usher in a ceasefire deal or renewal of humanitarian aid to Gaza. An Israeli blockade of the territory is now in its third month.

Qatar’s satellite news channel Al Jazeera long has been a powerful force in the Middle East, often taking editorial positions at odds with America’s interests in the region during the wars that followed the Sept. 11, 2001, attacks by al-Qaida.

But during President Donald Trump’s visit to the Gulf Arab nation this week, state-funded Al Jazeera muted its typical critiques of American foreign policy.

The channel, which broadcasts in Arabic and English, broadly covered Trump’s visit in a straightforward manner, highlighting it was the first-ever trip to Qatar by a sitting American leader. Mentions of the Israel-Hamas war, which Al Jazeera often has criticized America over for its military support to Israel, did not include any critiques of U.S. policy. Instead, journalists highlighted Qatar’s role as a mediator in the war and aired comments by Qatar’s ruler, Sheikh Tamim bin Hamad Al Thani, calling for a ceasefire.

After a morning meeting with top U.S. and Qatari officials and American defense and aerospace business leaders, Trump heads to Al-Udeid Air Base, a U.S. installation at the center of American involvement in the Middle East. There, he will address troops and is expected to view a demonstration of American air capability.

The president then travels to the United Arab Emirates, the final leg of his first major foreign trip. He will head first to the Sheikh Zayed Grand Mosque and then to a state visit hosted at Abu Dhabi’s Qasr al-Watan palace.

The international rights group said that Israel’s plan to seize Gaza, remain in the territory and displace hundreds of thousands of people “inches closer to extermination.”

It called on the international community to speak out against the plan. It said that the new plans, coupled with the “systematic destruction” of civilian infrastructure and the block on all imports into Gaza, were cause for signatories to the Genocide Convention to act to prevent Israel’s moves. It said states should halt weapons transfers to Israel and enforce international arrest warrants against Israel’s prime minister and former defense minister, as well as review their bilateral agreements with the country.

Israel vehemently denies accusations that it is committing genocide in Gaza.

The group also called on Hamas to free the 58 hostages it still holds in Gaza, 23 of whom are believed to be alive.

A pregnant Israeli woman has died after she was shot and critically wounded in a shooting attack in the occupied West Bank, a hospital said Thursday.

Beilinson Hospital said that doctors succeeded in saving her unborn baby, who was in serious but stable condition after being delivered by caesarean section.

The Israeli military said a Palestinian assailant opened fire on a vehicle late Wednesday, wounded two civilians. Soldiers launched a search for the attacker.

It’s the latest violence in the Palestinian territory, where the Israeli military has launched a major operation that it says is meant to crack down on militancy. The operation has displaced tens of thousands of people.

Hundreds of Palestinians have been killed in the West Bank in months of violence that surged there after the start of the war in Gaza.

Qatar's Emir Sheikh Tamim bin Hamad Al Thani welcomes President Donald Trump during an official welcoming ceremony at the Amiri Diwan in Doha, Qatar, Wednesday, May 14, 2025. (AP Photo/Alex Brandon)

Qatar's Emir Sheikh Tamim bin Hamad Al Thani welcomes President Donald Trump during an official welcoming ceremony at the Amiri Diwan in Doha, Qatar, Wednesday, May 14, 2025. (AP Photo/Alex Brandon)

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