Mr. Pablo McDonald reports
SOLSTICE GOLD PROVIDES UPDATE ON NEWLY CONSOLIDATED STRATHY GOLD PROJECT, ADVANCES PREPARATIONS FOR DRILL CAMPAIGN
Solstice Gold Corp. has provided an updated review of its 100-per-cent-owned and fully permitted 57-square-kilometre (km) Strathy gold project, located in the Temagami greenstone belt (TGB) of the Abitibi subprovince in Ontario, and to outline its current exploration program leading toward the next phase of drilling.
Following the recent acquisition of the Leckie gold zone (LGZ) and 43 adjacent claims, Solstice has consolidated a large land position containing a historically significant gold zone, the new high-grade Red Cedar discovery, and multiple prospective structures and target areas over a wide area that have seen comparatively little modern systematic exploration. Please see the company's most recent presentation on Solstice Gold's website for more details.
Strathy project review -- a large, underexplored gold project in the Abitibi
Key attributes of the project include:
- An established gold zone with significant historical exploration: The LGZ includes a 160-metre-deep (m) shaft, underground development on five levels and more than 23,000 m of historical drilling that has confirmed significant historic gold and silver mineralization. Significant reported historical intercepts include:
- 4.85 grams per tonne (g/t) gold (Au) over 17.10 m;
- 7.24 g/t Au over 10.45 m;
- 9.10 g/t Au over 5.24 m;
- 4.35 g/t Au over 10.30 m.
- A high historical drilling hit rate at shallow depths: Of 133 historical holes for which assays are available, 62 per cent contain reported intercepts meeting or exceeding 3.0 g/t Au over a minimum core length of 1.5 m. Approximately 90 per cent of these qualifying intercepts occur less than 250 m vertically below surface and approximately 67 per cent occur less than 150 m below surface.
- Significant potential to expand the Leckie gold zone: Historical drilling was concentrated largely within the boundaries of the original LGZ patented claims. Solstice's review indicates that mineralized trends may continue beyond those boundaries into areas that historically received little or no drilling.
- Geophysical evidence extending beyond known mineralization: Existing induced polarization (IP) geophysics results demonstrate that known gold mineralization at the LGZ is associated with elevated chargeability responses. Similar chargeability signatures extend beyond the historically drilled patent boundaries, along the Leckie fault and elsewhere within the core of the project, including at the Red Cedar discovery. These anomalies provide obvious additional targets for follow-up exploration and drilling.
- Proof of discovery potential: The first two drill programs completed on the project in at least a decade resulted in the discovery of the high-grade Red Cedar zone in 2025 with an intercept of 28.0 g/t Au over 1.0 m, followed by multiple visible gold intercepts in 2026.
- Favourable regional geology: Strathy shares important geological characteristics with productive areas of the Abitibi, including proximity to regional deformation zones and related structural splays, felsic intrusive rocks spatially associated with gold mineralization, comparable Archean-geological-age relationships and gold mineralization developed along significant structures.
- Excellent access and infrastructure: The project is located immediately adjacent to the Trans-Canada Highway in one of Canada's principal mining regions, providing access to established infrastructure, mining expertise, work force and suppliers. The LGZ is approximately 200 m from the highway and the Red Cedar discovery approximately 600 m away.
Importantly, and in contrast to most parts of the Abitibi belt, the Temagami greenstone belt and Strathy remain comparatively underexplored. Regional exploration was significantly constrained from the mid-1970s through the mid-1990s, during which mineral exploration technology saw generational advancements and many major mines were discovered elsewhere in the Abitibi. Solstice has identified at least 15 discoveries made during this era in the Abitibi that subsequently became mines, including LaRonde, Hoyle Pond, Doyon and Casa Berardi.
Pablo McDonald, chief executive officer of Solstice, stated: "Strathy has become even more compelling to us since our acquisition of the Leckie gold zone, based not only on the gold mineralization that already exists there, but its possible extension and other areas at Strathy that have not yet been systematically explored. During a period when numerous important discoveries were being made elsewhere in the Abitibi, much of Temagami was effectively unavailable to normal exploration. Yet Strathy contains many of the same first-order geological ingredients we look for elsewhere in the Abitibi -- major deformation zones and splays, favourable volcanic and intrusive rocks of comparable ages, and known high-grade gold mineralization. Today, we have something previous explorers largely did not: a consolidated 57 square km land position that allows us to examine these geological features together and explore the system at a district scale."
Next phase of drilling -- expanding Leckie and pursuing new discoveries
The primary objective of Solstice's next drill program will be to build out the Leckie gold zone. Based on historical drilling, geological interpretation and existing geophysical data, the company believes there is significant potential to extend the LGZ beyond its currently defined footprint.
Future drilling at Leckie is expected to:
- Expand known mineralization along strike and at depth beyond the limits of historical drilling;
- Determine whether known mineralized lenses continue into areas that were historically inaccessible or inadequately tested;
- Test structural and geological targets generated from the company's updated 3-D geological model;
- Investigate the relationship between gold mineralization, the Leckie fault and felsic intrusive rocks;
- Test targets where favourable geology and elevated IP chargeability coincide;
- Begin building the geological continuity and data set required to evaluate the potential for a future mineral resource.
The emphasis will be on expanding the scale of the mineralized system rather than drilling within the existing LGZ footprint.
In parallel, the company intends to advance additional opportunities across Strathy, including:
- The high-grade Red Cedar discovery;
- The corridor between the LGZ and the P0667 fault;
- Additional targets associated with felsic intrusive rocks;
- Structural and IP targets generated through integration of the expanded project data set.
Current exploration -- building the model before drilling
Before finalizing drill targets, Solstice is completing a series of cost-effective exploration programs designed to improve the geological model, reduce uncertainty and increase the quality of drill targeting:
- Surface mapping and sampling: Solstice plans additional geological mapping and sampling across priority areas, including mapping over the known gold zone and surrounding targets to support geological interpretation. Particular attention will be given to felsic intrusive rocks, which the company's review of historical drill logs indicates commonly occur in proximity to mineralization at the LGZ.
- Relogging historical core: Tens of thousands of metres of historical drill core were purchased along with the recent acquisition of the Leckie gold zone. Relogging and review of available historical core will further refine the geological interpretation and improve correlations between mineralized zones, structures and intrusive units. The company is also standardizing historical geological information so that decades of drilling can be incorporated into a single modern geological interpretation.
- Sampling previously unassayed core: Solstice plans to sample priority previously unassayed intervals. This work provides an opportunity to identify additional gold mineralization from drilling that has already been completed while simultaneously improving the geological database ahead of new drilling. Areas for new assays include prospective or mineralized intervals that were not historically assayed and intervals where incomplete historical sampling occurs close to known mineralization.
- 3-D subsurface geological modelling: The company has incorporated its historical logging database into Leapfrog geological modelling software and has constructed a detailed initial model of the existing Leckie gold zone. Continuing work will expand that model beyond the known mineralized zone to develop a broader 3-D interpretation of the geological system surrounding Leckie. The objective is to better understand the geometry of favourable structures and rock units, identify areas where the mineralized system may continue outside the historically drilled footprint and improve the precision of future drill targeting. This will also be supplemented by results from recent drill programs.
- Expanded IP surveying: Existing IP surveys demonstrate a strong spatial relationship between elevated chargeability and known gold mineralization, while numerous chargeability anomalies remain untested along strike and at depth. Solstice plans to expand IP coverage onto newly acquired claims to:
- Provide additional definition around the LGZ;
- Examine the largely untested area between Leckie and the P0667 fault;
- Extend exploration coverage west of the LGZ;
- Evaluate additional priority target areas across the project.
- Data integration into drill planning: Solstice intends to integrate the results of its surface work, historical core review, new sampling, 3-D geological modelling and expanded IP surveying into a single project-scale exploration model, which will be used to rank drill targets. The initial drilling priority will be expansion of the Leckie gold zone, with the objective of establishing the potential scale and continuity of the system. Additional targets across the broader 57 square km Strathy project will be ranked and advanced in parallel.
Mr. McDonald added: "Our ongoing work is very practical and cost-effective. It will improve our understanding of the historical core, assay prospective intervals that were never tested, and build a 3-D geological model for the first time and expand our IP coverage. Each of these programs is designed to give us a better geological model and better drill targets. Our first drilling objective is to build out the Leckie gold zone based on what our integrated model tells us. At the same time, everything we learn at Leckie improves our ability to recognize and prioritize the next discovery opportunities across the broader Strathy project."
About Solstice Gold Corp.
Solstice is an exploration company with quality, district-scale gold projects in established mining regions of Canada. The company's 57 square km Strathy gold project hosts high-grade gold mineralization, including visible gold, over a wide area straddling two northeast-southwest-trending structures. It is located in the Abitibi subprovince of Ontario and has never been systematically explored in its history. Alpha IP surveys totalling 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.
The company's Qaiqtuq gold project, which covers 662 square km, hosts a 10 square km high-grade gold boulder field, is fully permitted and hosts multiple drill-ready targets. Qaiqtuq is located in Nunavut, only 26 km from Rankin Inlet and approximately seven km from the Meliadine gold mine owned by Agnico Eagle Mines Ltd.
The company district-scale Atikokan gold project is approximately 26 km from the Hammond Reef gold project owned by Agnico Eagle Mines. Its 194 square km Red Lake Extension (RLX) and New Frontier projects are located at the northwestern extension of the prolific Red Lake camp in Ontario and approximately 45 km from the Red Lake mine complex owned by Evolution Mining.
Solstice is committed to responsible exploration and development in the communities in which it works. For more details on Solstice Gold, its exploration projects and details on its recently acquired portfolio of projects, please see the corporate presentation available on the company's website.
Solstice's chairman, David Adamson, was a co-award winner for the discovery of Battle North Gold Corp.'s Bateman gold deposit and was instrumental in the acquisition of many of the district properties in the Battle North portfolio during his successful 16 years of exploration in the Red Lake.
Paul Chamois, MSc, PGeo, senior geologist, is the qualified person, as defined by National Instrument 43-101 standards, responsible for reviewing and approving the technical disclosures of this news release.
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