Mr. Pablo McDonald reports
SOLSTICE GOLD COMPLETES INITIAL DRILL PROGRAM AND ANNOUNCES STRATEGIC CLAIM ACQUISITION AT THE STRATHY GOLD PROJECT IN THE TEMAGAMI GREENSTONE BELT, ABITIBI SUBPROVINCE, NE ONTARIO
Solstice Gold Corp. has completed the spring 2025 drill program at the Strathy gold project, located in the Temagami greenstone belt in the prolific Abitibi subprovince in Ontario. Solstice also has entered into an agreement with an arm's-length party to acquire 17 claims which expand its core Strathy gold project holdings by 50 per cent.
Spring 2025 drill program
The spring 2025 drill campaign was completed on four target areas for a total of 3,125 metres across 14 drill holes.
At least 50 per cent more sampling than originally planned has extended assay timelines.
Assays are pending and will likely be received in July.
Land acquisition
Solstice has entered into the agreement to acquire a 100-per-cent interest in a group of 17 contiguous unpatented claims directly adjacent to the core claims of its Strathy gold project. These claims are underlain by the Archean-age Leckie group metavolcanic assemblage, which is the main host rock for the project's main targets. Targeting from Solstice's 2024 induced polarization program shows high-priority targets may extend along strike onto these claims. They also contain OGS gold showings along a large structure parallel to the IP targets. The combined area of these claims will add 373 hectares to the company's core claim block, increasing its area by 50 per cent.
Solstice has also been active in staking at the Strathy gold project since the spring 2025 drill program began. Solstice has acquired 110 hectares of claims at the western side of the project through staking. These claims are also underlain by an Archean-age metavolcanic assemblage and represent a valuable expansion of the company's wider land position.
Claim agreement
Pursuant to the agreement, in consideration for the purchase of the 17 unpatented claims pursuant to the acquisition, Solstice must issue 175,000 common shares to an arm's-length seller as soon as practicable following TSX Venture Exchange approval. The common shares will be subject to a four-month hold period. The acquisition is subject to the approval of the TSX-V. No finder's fee is payable with respect to the acquisition.
About the Strathy gold project
The Strathy gold project is an extensive 45-square-kilometre 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 grams per tonne gold over 17.28 metres and 7.66 g/t Au over 7.25 m (core lengths) at vertical depths of approximately 50 to 100 metres below surface, and documented surface sample results of up to 62.7 g/t Au. 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 the first time that the core area of the Strathy gold project has been systematically drilled. The Strathy gold project is located along the Trans-Canada Highway, and 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 the Solstice website.
The company wishes to point out that, since assays are pending, there is no certainty that observed mineralization will contain elevated gold.
About Solstice Gold Corp.
Solstice is an exploration company with quality, district-scale gold projects in established mining regions of Canada. Its 45-square-kilometre Strathy gold project hosts high-grade gold mineralization over a wide area straddling two northeast-southwest-trending structures. It is located in the Abitibi subprovince of the Superior craton and has never been systematically explored in its history. Its Qaiqtuq gold project, which covers 662 square kilometres, hosts a 10-square-kilometre 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 seven km from the Meliadine gold mine owned by Agnico Eagle Mines Ltd. Its district-scale Atikokan gold project is approximately 26 km from the Hammond Reef gold project owned by Agnico Eagle. Its 194-square-kilometre Red Lake Extension 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's chairman, David Adamson, was a co-award winner for the discovery of Battle North Gold Corp.'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, MSc, PGeo, senior geologist, is the qualified person as defined by National Instrument 43-101 standards responsible for reviewing and approving the technical disclosures of this news release.
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