- Solstice Gold (SGC) has begun the Phase 2 diamond drill program at its Red Lake Extension (RLX) project
- The 4,000-metre program will see 10-12 drill holes that will test two main target areas at an average depth of approximately 200 metres below surface
- These areas are complementary to those drilled in Phase 1 last summer and include targets with more of a structural emphasis or a follow-up on historical drilling.
- Solstice Gold Corp. (SGX) is trading at $0.06 per share
Solstice Gold (SGC) has begun the Phase 2 diamond drill program at its Red Lake Extension (RLX) project.
The 4,000-metre program will see 10-12 drill holes that will test two main target areas at an average depth of approximately 200 metres below surface. These areas are complementary to those drilled in Phase 1 last summer and include targets with more of a structural emphasis or a follow-up on historical drilling.
The winter program includes ice drilling to optimize access to targets, which boast some of the strongest electromagnetic responses and structural complexity at RLX. Drilling has commenced at the South Fold target area. The area exhibits strong Bi-Pb-Mo and Au-Ag-Sb soil anomalies. Electromagnetic inversion modelling found three main target areas which display increasing conductivity with depth. Drilling in this area is designed to test all three attributes, geological, geochemical, and geophysical.
Solstice’s Chief Executive Officer, Mike Timmins, stated that the goal of the Phase 2 program is to drill test several well-developed priority targets at the South Fold area and the Nungesser Lake areas of RLX.
“In Phase 1, we observed large-scale alteration, encountered low-grade gold in two holes and anomalous gold in several others. This winter, we will leverage results from our summer drilling and test targets with more structural bias and some with historical drilling with a further 4,000m. We will continue to leverage our technical edge and explore new extensions of the Camp to realize the potential of the property. Vital Drilling, based in Sudbury, has commenced drilling at the South Fold Target Area, a milestone that marks the start of an exciting first half of 2023.”
Solstice’s Chairman, David Adamson, added that for the first time, the team has demonstrated that gold is present in this essentially unexplored extension of the Red Lake Greenstone Belt.
“Using the knowledge gained from our Phase 1 drill program, we look forward to vectoring towards additional targets this winter as we’ve identified several compelling and significantly sized target areas. To date, we have sparsely tested only a 5.6km strike length, a small part of the ~18km of prospective target strike length at RLX. We believe that our RLX project has all the attributes to host gold mineralization in a gold camp that continues to yield new gold discoveries and look forward to results from this winter’s drill program.”
Solstice Gold Corp. is an exploration company with quality, district-scale gold projects in established mining regions of Canada.
Solstice Gold Corp. (SGX) is trading at $0.06 per share.