Solstice Gold Completes New NI 43-101 on Its Nunavut Gold Project

VANCOUVER, British Columbia, April 14, 2020 (GLOBE NEWSWIRE) -- Solstice Gold Corporation (TSXV:SGC) (“Solstice”, the “Company”, “its”, “we” or “our”) is pleased to announce that the Company has completed and filed a new NI 43-101 Technical Report (“Technical Report”) on the Company's 866 km² KGP Gold Project (the “Project”). The Project is 26 km northeast of Rankin Inlet, Nunavut and is only 15 km from Agnico Eagle’s Meliadine Gold Mine. The purpose of the report was to update considerable technical information generated since 2018.

The report titled "TECHNICAL REPORT ON THE KGP PROJECT, KIVALLIQ REGION, EASTERN NUNAVUT TERRITORY, CANADA", dated March 17, 2020 (the "Report"), was completed by Roscoe Postle Associates Inc. (RPA), now part of SLR Consulting Ltd, under the supervision of Paul Chamois M.Sc.(A), P.Geo., a qualified person under National Instrument 43-101. The KGP Report is available for viewing on the Solstice website at www.solsticegold.com and the SEDAR profile for Solstice Gold Corporation at www.sedar.com.

Conclusions

• The Technical Report concludes "RPA is of the opinion that KGP is a very attractive, early stage exploration project with good potential to host significant gold mineralization and warrants a continued systematic exploration effort including a significant drilling component."
• RPA recommends a Phase I exploration program and budget which consist of additional geological mapping and till sampling as well as a 6,000 metre reverse circulation (RC) drilling program to test additional high priority targets.
• Contingent on the results of the Phase I program, RPA recommends a Phase II exploration program and budget which consists of continued geological mapping and detailed till sampling, induced polarization (IP) surveying in areas where appropriate, including the Midway and Qaiqtuq target areas, preliminary testing of high priority areas with additional RC drilling, and diamond drilling to follow up on significant RC drilling results.

Executive Chairman David Adamson stated “We view this new Technical Report as a positive validation of our systematic exploration strategy and modelling to date on the KGP. The Technical Report outlines numerous drill-ready targets and we invite shareholders and interested parties to review the report to best understand the progress we have made to date.”