Solstice is a gold exploration company with three district-scale projects in tier one mining jurisdictions in Canada.
Our 174 km² Red Lake land position is located at the northwest corner of the prolific Red Lake Gold Camp in Ontario and covers ~52km of prospective greenstone belts. Exploration work in 2021 has focused on completing geochemistry and conducting airborne geophysical surveys to support the generation of drill targets. Phase 1 drilling in the RLX area in 2022 is fully funded. Our goal in Red Lake is to make a discovery outside of the traditional mine trend, guided by a new regional structural model and a keen focus on areas of the Camp which are known to host gold at surface but are largely unexplored.
Our 225km² Atikokan Gold Project in Ontario is a rare opportunity to control district scale land position in an Archean gold camp. We identified the Hammond Gold Camp as an emerging gold district because it is has demonstrated prospectivity beyond Agnico Eagle's Hammond Reef gold deposit. A summer field program is planned for 2022.
Our district scale and fully permitted Qaiqtuq 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. 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.
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.