- Solstice Gold Corp (SGC) has received its travel exemption to begin its summer exploration program
- The company received the permit from the Nunavut’s Office of the Chief Public Health Officer to send staff north and conducting grab sampling work
- The junior explorer has also appointed three new board members, who have in turn generated up C$1.2 million in funds for the upcoming exploration
- Thus far, Solstice has identified a seven kilometre by five-kilometre zone on the property, with assays as high as 66.6 grams per tonne gold.
- Solstice Gold (SGC) is down five per cent and is trading at 8.5 cents per share
Solstice Gold Corp (SGC) has received a travel exemption to begin its summer exploration program at the KGP gold project in Nunavut.
The company received the tick off from the Office of the Chief Public Health Officer of Nunavut, to send their staff north to conduct operations for the season.
The company is hoping to expand its QEA target area, the main mineralised region identified on the KGP Project.
Thus far, Solstice has identified a seven kilometre by five-kilometre zone on the property, which is host to several hundred surface mineralised boulders, with assays as high as 66.6 grams per tonne gold.
Chairman of Solstice Gold David Adamson said the company had recently recruited three new board members, all of whom had strong pedigrees in mining and had made substantial investments in the company.
“Management and board members now own 34 per cent of the company and are fully aligned with shareholders in seeking to create significant shareholder value compared to our current market capitalisation of only C$8.5 million, while ensuring we maintain a low corporate burn rate.
“We are eager to commence our summer field program to further expand targets beyond more than 20 existing drill-ready targets in what we consider an emerging new gold district,” he said.
Solstice Gold Corp (SGC) is down five per cent and is trading at 8.5 cents per share at 12:20 pm EDT.