Solstice Gold Corp. (TSX-V:SGC) has announced the start of the Phase 2 drill program at its 100%-owned and royalty-free, Red Lake Extension (RLX) project, located in the northwest corner of the prolific Red Lake Gold Camp.
The 4,000 metre (m) program consisting of 10-12 drill holes will test two main target areas at an average depth of approximately 200m below surface which are complementary to those drilled in Phase 1 and include targets with more of a structural emphasis or a follow-up on historical drilling. This winter program includes ice drilling to optimize access to targets.
“The goal of the Phase 2 program is to drill test several well-developed priority targets at our South Fold area and the Nungesser Lake areas of RLX,” Mike Timmins, Solstice CEO, said in a statement.
READ: Solstice Gold provides Phase 1 drilling results at Red Lake Extension project; says Phase 2 drilling to start in January
“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," he added.
In 2022, Solstice said, it completed 5,323m of diamond drilling in 11 drill holes, testing a 5.6 kilometre (km) corridor in the Central Target area of RLX. This total includes one lost drill hole which was abandoned prior to testing its target. Gold-bearing quartz-sulphide veining was intersected in mafic rock units overlying iron formation in two drill holes.
"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,” noted Timmins.
Solstice chairman, David Adamson added: “For the first time, we have 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 5.6 km strike length, a small part of the around 18 km 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 is an exploration company with quality, district-scale gold projects in established mining regions of Canada.
Contact the author at jon.hopkins@proactiveinvestors.com