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Solstice Gold Corp V.SGC.W


Primary Symbol: V.SGC Alternate Symbol(s):  SGCPF

Solstice Gold Corp. is a Canada-based exploration company with district-scale gold and lithium projects. Its 35 square kilometers (km2) Strathy Gold Project hosts high grade gold mineralization over a wide area straddling two NE-SW-trending structures. It is located in the Abitibi Subprovince of the Superior Craton. Its Qaiqtuq Gold Project covers 662 km2, hosts a 10 km2 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 7 km from the Meliadine Gold Mine owned by Agnico Eagle Mines Limited. The Company's district-scale Atikokan Gold Project is approximately 26 km from the Hammond Reef Gold Project owned by Agnico Eagle Mines Limited. Its 194 km2 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.


TSXV:SGC - Post by User

Bullboard Posts
Post by StockExpertProon Dec 26, 2013 12:49pm
213 Views
Post# 22038652

Lower Gold Prices could Affect the SGC Start-Up Plan

Lower Gold Prices could Affect the SGC Start-Up PlanI completely understand that copper and zinc prices have had a slight up-trend recently. The problem that SGC will encounter is that they have based their entire plan to jump start the mine into production by going after the high-grade near surface gold deposits. The company was expecting this to generate cash flow and help them proceed with the next step which is full-scale production on their zinc and copper deposits. This plan may need to be tweaked or altered because of the recent collapse on gold prices. With gold prices down to $1200 per ounce. This start-up plan will not generate the significant cash flow the company had originally expected. Especially when calculating the costs to begin the start up plan. The SGC three-phase start-up mining operation which would initiate production starting with high-grade gold direct shipping ore production from the Debarwa deposit and heap-leaching of near surface gold, followed by supergene copper production, then zinc and copper at a full production rate of 4 million tonnes per year.
Bullboard Posts