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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
Comment by StockExpertProon Dec 26, 2013 1:26pm
225 Views
Post# 22038720

RE:RE:Lower Gold Prices could Affect the SGC Start-Up Plan

RE:RE:Lower Gold Prices could Affect the SGC Start-Up PlanIn my opinion this could ultimately delay the project and negotiations with Enamco. Management will need to drastically slow down their cash burn rate if this scenario plays out. I think management needs to go back to the drawing board and decide how they will proceed with the mining project based on lower gold prices. I think the Chinese have been trying to rip-off the company. They had backed out of a deal that was previously arranged. Now that the stock price has collapsed they are probably trying to re-negotiate some lowball offer with SGC which isn't even worth responding to.
Bullboard Posts