ME2018: Solstice Gold Corp.
Last updated 10/26/2018 at 10:08am
Spun out of Dunnedin Ventures Inc. in April, Solstice Gold Corp. is focused on exploring the gold potential at the Kahuna project, a large venture located about seven kilometers (4.4 miles) east of Agnico-Eagle Mines Ltd.'s Meliadine gold mine project in Nunavut.
Dunnedin has outlined 4.02 million carats of diamonds in 3.99 million metric tons of inferred resource averaging 1.01 carats per metric ton in two kimberlites at Kahuna. During its diamond exploration, however, the company also discovered gold mineralization similar to the deposits being developed at Meliadine.
To explore this gold potential, Dunnedin released full rights to 66 claims and 50 percent ownership of 12 other claims covering the Kahuna project to Solstice.
The newly formed junior initiated exploration at Kahuna with a winter program that included glacial till sampling, rotary air blast drilling and ground geophysics. Solstice said this inaugural program confirmed, extended and further defined gold target areas on the property.
This summer Solstice intensified efforts at Kahuna to advance targeting and geological understanding on the project with a 16-person prospecting, rock sampling, and mapping program.
The bulk of the work centered on the Westeros, North and Central targets and with significant focus on remaining areas of the project.
Overall, roughly C$5 million in exploration spending was aimed to identify targets for core and reverse circulation drilling in 2019.
Solstice Gold Corp. - TSX.V: SGC
Executive Chairman: David Adamson
President: Marty Tunney
Vice President, Exploration: Bob Singh
Ste. 1020, 800 West Pender St., Vancouver, BC V6C 2V6