Solstice Gold (SGCPF) is completing a 26 line-km geophysical survey to expand exploration targets at its wholly owned Strathy Gold Project.
The Phase III induced polarization (IP) survey, which measures electrical responses underground, covers newly acquired claims and extensions of known gold zones, extending approximately 2.5km southwest. Existing modeling has identified eight target areas, which will be refined with new survey results and surface structural work before planned near-term diamond drilling. Mapping has also confirmed sulphide mineralization at the new Silver Birch target, with associated faulting interpreted as related to the nearby Big Dan Gold Mine fault.
Separately, exercises of 4.183 million warrants at CAD$0.10 brought in $418,333. These warrants were exercisable for common shares, and some were exercised by company insiders.