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Solstice Announces Financing for Exploration Programs and Strathy Gold Property

Nov 13, 2024over 1 year ago

Contract Type

partnership

Vancouver

Description

Solstice Gold Corp. has announced its intention to complete a financing through a non-brokered private placement for aggregate proceeds of $150,000. The proceeds will be used to fund exploration programs and general corporate purposes, as well as to support exploration at the Company's Strathy Gold Property.

Company Information

Company

Solstice Gold

Location

Vancouver, British Columbia, Canada

About

Solstice is a gold exploration company focused on advancing our high-quality projects in two of the top mining jurisdictions in Canada. Our district scale and fully permitted Qaiqtuq Gold Project covers 886 km2 and is located only 26 km from Rankin Inlet, Nunavut and approximately 15 km from the Meliadine Mine owned by Agnico Eagle Mines Limited. Qaiqtuq has seen over $12MM dollars invested to date on significant field work, the identification of a 10 km2 gold boulder field and the identification of multiple drill-ready targets. Our 55 km2 Red Lake Extension (RLX) project is located at the north end of the prolific Red Lake Gold District in Ontario. Exploration work in 2021 has focused on completing geochemistry and conducting airborne geophysical surveys to supplement existing geological and soil survey data and to support the generation of drill targets for the next phase of the project. In October 2021, the Company acquired a royalty and property portfolio of assets throughout Ontario and Quebec which will generate significant value for shareholders. The package includes cash inflows from 43 exploration partnerships with underlying royalties, 10 royalties and 29 prospective properties available for option and additional royalty generation. Solstice is committed to active engagement with our local communities, recognizing the importance of cultural value, respect, sustainable development, and environmental stewardship.

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