VANCOUVER – Solstice Gold Corporation (TSXV:SGC) reported that it has commenced a high resolution, property-wide, 1102 line-km heliborne magnetic survey on the company’s newly acquired Red Lake Extension project. The survey’s 50 m spacing will provide high definition magnetic and structural information to aid further exploration of the project. This will supplement the existing government 2008 magnetic and electromagnetic survey which was flown at 200 m spacing and identified 139 anomalies on the 33 km project.
“Existing government surveys show a first order structure and numerous other structural features associated with extensive conductors. Given that gold deposits in the region are associated with specific structures, the ability to obtain high definition, cost-effective magnetic data will be an important step in allowing us to refine and potentially locate additional structures and targets. Results of the survey will be used to support an aggressive exploration program beginning in Spring, 2021.” stated Chairman David Adamson.
Solstice just recently entered into an option agreement to acquire a 100% interest in the Red Lake Extension project consisting of 10 claims located in the northern part of the Red Lake Gold District. Solstice acquired the project based on their interpretation that the Red Lake Extension project covers approximately 14 km of strike length of a prominent geological structure which corresponds to the surface expression of a deep structure recently identified, using historical seismic surveys, by Ministry of Northern Development and Mines geologists, as the third major structure in the district. According to the Ministry of Northern Development and Mines, the other two major structures correlate with the important gold deposits of the Red Lake Gold Camp, the Red Lake Gold Complex (Evolution Mining) and the LP fault of the Dixie project (Great Bear Resources).
Solstice is a gold-focussed exploration company engaged in the exploration of our high-quality exploration assets in top tier jurisdictions. The Red Lake Extension project is located on the north end of the prolific Red Lake Gold District.
Solstice says they are committed to responsible exploration and development in the communities in which they work.
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