Solstice Gold begins Alpha IP survey at Strathy

Executive Summary

• Solstice Gold Corp. has commenced a Phase II 8.9-line-kilometre Alpha Induced Polarization (IP) survey at its Red Cedar discovery on the Strathy Gold Project in Ontario.
• The IP survey is designed to refine high-priority drill targets by extending and defining a strong high-resistivity, moderate-to-high-chargeability anomaly associated with the Red Cedar discovery, which remains open to the north and east.
• The company plans to execute a fully financed Phase II drill program of approximately 16 holes to follow up on the initial discovery intercept of 8.52 g/t Au over 3.5 m and test other nearby targets.

Key Details

• IP Survey Details:
  • Scope: 8.9-line-kilometre Alpha IP survey.
  • Objective: Extend and further define the strong high-resistivity, moderate-to-high-chargeability anomaly associated with the Red Cedar discovery.
  • Resolution: Utilizing tighter 175-metre line spacing to provide more detailed modeling than the previous 2024 IP survey (which used wider spacing).
  • Target Area: The anomaly spans at least 1,000 m by 500 m and is open to the north and east beyond the limits of the previous IP grid.
• Drilling Program:
  • Status: Fully financed.
  • Plan: Approximately 16 drill holes.
  • Purpose: Follow up on the Red Cedar discovery and test other targets in the area.
  • Timing: Scheduled for the winter of 2025/2026.
• Red Cedar Discovery History:
  • Initial Intercept: 8.52 grams per tonne gold over 3.5 metres.
  • Geology: High-grade gold mineralization associated with quartz veining in mafic volcanics, accompanied by silicification and carbonate alteration.
  • Context: Discovered in Solstice's first drill hole in an otherwise essentially untested area.
• Strathy Project Context:
  • Location: Temagami greenstone belt, Abitibi subprovince, Ontario.
  • Land Package: 41-square-kilometre.
  • Historic High-Grade Intercepts:
    • 5.00 g/t Au over 7.28 m.
    • 7.66 g/t Au over 7.25 m.
  • Surface Samples: Up to 62.7 g/t Au.
  • Exploration Status: Core claims have not been systematically explored in the past.
• Company Portfolio Overview:
  • Qaiqtuq Project (Nunavut): 662 square kilometres; hosts a 10-square-kilometre high-grade gold boulder field; fully permitted; located 26 km from Rankin Inlet and 7 km from Agnico Eagle’s Meliadine mine.
  • Atikokan Project (Ontario): Located 26 km from Agnico Eagle’s Hammond Reef project.
  • Red Lake Extension (RLX) and New Frontier Projects (Ontario): 194 square kilometres; located at the northwestern extension of the Red Lake camp, 45 km from Evolution Mining’s Red Lake mine complex.
  • Royalty Portfolio: Over 80 assets purchased in October 2021; generated over $2.5 million in value and three new royalties since acquisition.

Notable Quotes

• Pablo McDonald, CEO: "This new IP survey represents a major step forward in advancing the Red Cedar discovery made via Solstice's successful inaugural drill program at Strathy... Our new IP program will both infill and extend coverage to refine high-priority drill targets. This is an exciting step for Solstice shareholders building towards aggressive follow-up drilling of our new high-grade gold discovery in this part of the Abitibi."