Solstice Provides Exploration Update on its Stewart Lake Project, English River Subprovince, Ontario

– Land position expanded westward by 73 km² following discovery of numerous fertile pegmatites –

VANCOUVER, British Columbia, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) is pleased to provide an update on the ongoing exploration program at its Stewart Lake Project (“SLP”) in the English River Subprovince (“ERS”), approximately 275 km NNE of Thunder Bay, Ontario. The Company also recently added 73 km² to the western margin of the SLP, increasing its ERS land package to 268 km², following discovery of extensive pegmatites with fertile mineralogy. Approximately 65% of the property has been evaluated at a reconnaissance scale. Field programs will continue until October while weather conditions permit.

Key 2023 exploration details:

• Fertile indicators have been identified in pegmatites and sampled in all areas of the project explored to date over the course of the ongoing 2023 field season. The majority of the areas identified in satellite photo analysis have abundant pegmatites.
• Pegmatite thicknesses vary from meter-scale up to over 30m thick, with several pegmatites exceeding 25m. One 30m-thick pegmatite crosscuts English River metasediments and has a strike length of at least 200m (photo inset, Figure 1).
• Abundant fertile indicator minerals have been identified in pegmatites, containing one or more of muscovite, garnet, tourmaline, cordierite, and a widespread unidentified blue-green mineral (Figure 1).
• Large areas of pegmatite with 30 to 50 cm feldspar crystals and locally meter-scale crystals of albite¹ (photo inset, Figure 1) were identified.
• Preliminary and ongoing geochemical analysis using LIBS² has identified a lithium-enriched trend of over 40ppm Li in alkali feldspars (40 – 150ppm), which will require more follow-up prospecting and analysis. Similar readings in alkali feldspars have been shown to be reliable indicators for the presence of spodumene in known lithium districts^3,4.
  

Ongoing work will expand reconnaissance prospecting in currently unexplored areas of the project and will also include detailed follow up in priority areas based on observations and results to date.

Pablo McDonald, Solstice CEO stated, “I am very pleased with the interim results of our exploration program. Our team’s work so far shows that we are indeed in a newly identified area of prospective pegmatites. This positive first pass has already generated several promising geochemical and mineralogical anomalies that will be the focus of our follow-up efforts. We now are on the vanguard of lithium exploration in the ERS; we have the largest land package in the ERS and based on the new recognition of widespread fertile pegmatites from our reconnaissance-scale work to date, we consider the potential for LCT pegmatites to be high.”