Tuesday, 02 January 2024 12:17 GMT

Solstice Gold Corp. (TSXV: SGC) Makes TSX Venture Top Gainer List On Expanding Strathy Gold Project


(MENAFN- Investor Ideas) newswire), a leader in mining investing news and home of theExploring Mining Podcast, issues a news and trading alert for Solstice Gold Corp. (TSXV: SGC ).

The stock makes the TSX Venture top percentage gainer on news, currently trading at 0.0900 +0.0250 (+38.46%).

Solstice announced it has significantly expanded its Strathy Gold Project situated within the Temagami Greenstone Belt, to approximately 57 km2, by entering into an agreement to acquire two patented claims totaling 24 hectares, which host the Leckie Gold Zone ("LGZ"). The LGZ includes a 160 m-deep shaft, underground development on five levels and more than 23,000 m of historical drilling that has confirmed significant historic gold and silver mineralization. The agreement also includes a strategically located group of 43 unpatented mining claims totaling 9.4 km2, adjacent to the Company's Red Cedar Discovery and approximately 260 m from the LGZ patents. This acquisition will consolidate a substantial portion of this largely unexplored part of the Abitibi Subprovince in Ontario, known for its gold potential (Figure 1). It will also significantly expand Solstice's core land position, add the LGZ as a focus for expansion drilling and enhance the Company's ability to explore the Project at a larger district scale. Unlike much of the Abitibi, the Temagami Greenstone Belt is under-explored and has not been the subject of modern regional-scale exploration techniques.

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Key Highlights of the Acquisition and Consolidated Project:

Significant Historical Gold Drill Intercepts

The LGZ contains numerous drill intercepts that demonstrate its gold potential. These include:

    4.85 g/t Au over 17.10m (86-20) 7.24 g/t Au over 10.45m (88-108) 9.10 g/t Au over 5.24m (88-104) 4.35 g/t Au over 10.30m (88-100)1

Of the 133 drillholes for which assays are available, 62% contain intercepts that meet or exceed a 3.0 g/t Au cut-off over a minimum core length of 1.5 m (see Figure 2), Solstice views this as a high "hit ratio" and an outstanding opportunity for follow up.

Exploration Upside

Due to historical claim access issues, resolved in 1995, the LGZ was drilled to only relatively shallow depths. Of the 82 intercepts described above, 90% are less than 250 metres vertically below surface, and 67% are less than 150 metres from surface. The LGZ is open for drilling to depth and along strike. Recent gold discoveries by Solstice outside the LGZ (see News Releases dated June 3rd, 2026 and August 13th, 2025) are interpreted to suggest the presence of a large mineralizing system in the area.

Transformation to District Scale Exploration Play in the Abitibi

The LGZ, with dozens of significant gold intercepts, are surrounded by existing Solstice mineral claims which significantly enhances the exploration potential of our 57 km2 land holdings. Post-acquisition, Solstice believes that Strathy Gold Project represents a high potential district scale exploration play in the Abitibi Subprovince with a significant gold zone that will be the focus of expansion drilling.

Applying Modern Exploration Methods for the First Time

Induced Polarization ("IP") surveys and modelling completed for Solstice, including over the LGZ, show a strong spatial association between the LGZ and elevated chargeabilities (see Figure 2 and the "Presentations" page on our website). The work also identifies untested IP anomalies to depth and along strike from the LGZ, providing additional strong targets for exploration.

Oriented core studies completed by Solstice east of the LGZ have identified up to seven vein sets, including one set that hosts high-grade visible gold. Planned future drilling at the LGZ will use oriented core to support similar vein studies, document mineralization trends and guide targeting.

Resampling by Solstice confirms High Gold and Silver Grades

As part of its due diligence, Solstice resampled selected historical LGZ core and surface locations. The results are consistent with the historical numbers.

Underexplored upside

The acquisition of 43 unpatented claims, located within 100m of both the Leckie Gold Zone and the Red Cedar Discovery expands the Project footprint and adds high-priority, undrilled exploration targets. These newly acquired claims cover the southwest extension of Solstice's Red Cedar zone, where the Company has discovered high-grade visible gold, as well as a separate "LGZ-type" intercept approximately 600 m east of the LGZ (see news release dated June 3rd, 2026). Importantly, the new claims also overlie the intersection of a regional fault interpreted by the Ontario Geological Survey with the Leckie Fault, which hosts the LGZ, making this a priority exploration target.2The new claims also cover approximately 10 km of the Link Lake Deformation Zone, located about 800 m south of the LGZ.

Leckie Gold Zone

The LGZ patented claims have a public domain history of exploration and development dating back to 1933, when a two-compartment shaft was sunk to a depth of 160 m below surface. From 1934 to 1948, Manitoba and Eastern Mines Limited carried out underground development on five levels and approximately 4,000 m of underground drilling. Stroud Resources carried out approximately 19,000 m of drilling on the LGZ from 1985 to 1989 and from 1995 to 1996. The LGZ is approximately 300 m long within the patent boundaries. It is associated with the sub-parallel Leckie Fault, dips approximately 65 degrees to the west and has been confirmed to depths of approximately 300 m below surface. It remains open for exploration along strike and to depth.

In total, more than 23,000 m of drilling over nearly a century, at significantly lower gold prices than today, has confirmed significant gold and silver mineralization associated with the Leckie Fault. Historical limitations on access outside the patents restricted testing of the LGZ to depth and along strike. Solstice's acquisition consolidates the Project and unlocks, for the first time, the potential to expand the LGZ. Combined with recent high-grade drill results at the Red Cedar Discovery to the east, the acquisition highlights substantial potential for future discoveries and resource expansion.

Full news

Solstice Gold Corp. (TSXV: SGC ) is an exploration company with quality, district-scale gold projects in established mining regions of Canada. Our 57 km2 Strathy Gold Project hosts high-grade gold mineralization, including visible gold, over a wide area straddling two NE-SW-trending structures. It is located in the Abitibi Subprovince of Ontario and has never been systematically explored in its history. Alpha IP surveys totaling over 34 line km completed in 2024 and 2025 defined 50 new targets and show that the largest IP anomaly corresponds with the Red Cedar Discovery of 8.5 g/t Au over 3.5 m. Follow-up drilling at Red Cedar intersected multiple high-grade intercepts with visible gold, as well as a "Leckie-type" intercept approximately 600 m from the Leckie Gold Zone, which has been the focus of more than 23,000 m of historical drilling. The acquisition of the Leckie Gold Zone consolidates the Strathy Gold Project and unlocks, for the first time, the potential to expand the historically significant Leckie Gold Zone and unlock the substantial potential for future discoveries and resource expansion at Strathy. Visitsolsticegold for more information.

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