Solstice Gold Corp. (TSX-V:SGC) told investors it has been selected to receive a $200,000 Ontario Junior Exploration Program (OJEP) grant from the Government of Ontario to support ongoing exploration efforts at its Stewart Lake Lithium Project (SLP) in northwest Ontario.
In a statement, the company noted that the grant forms part of OJEP’s critical minerals stream, aimed at facilitating the exploration of critical minerals in the province.
Solstice said it will receive up to $200,000 to cover 50% of eligible exploration costs on the project, describing the grant as a “meaningful milestone, leveraging government support towards advancing the exploration of this prospective lithium project.”
“This allows us to cover SLP in even more detail, helping to build out our prospecting and sampling programs,” Solstice CEO Pablo McDonald commented.
“It is a significant sum that adds to the already robust and systematic exploration plan we have started at SLP. It will put to good use in finding and delineating pegmatites throughout our commanding land position.”
The company noted that geological and prospecting crews have been mobilized to the project to systematically prospect and map its entirety using road, helicopter, and boat-based traverses.
It said it is using a laser-induced breakdown spectroscopy (LIBS) analyzer to provide real-time data to optimize the exploration effort and will provide an update on progress and preliminary observations in the near term.
Solstice is an exploration company with quality, district-scale gold projects in established mining regions of Canada.
Contact the author at stephen.gunnion@proactiveinvestors.com