Sitka Gold Corp C.SIG

Primary Symbol: V.SIG Alternate Symbol(s): SITKF

Sitka Gold Corp. is a Canada-based mineral exploration company. The Company’s projects include RC Gold, Alpha Gold, Coppermine River, Burro Creek and OGI. The RC Gold Project, comprised of the RC Gold, Mahtin, Clear Creek and Barney Ridge properties, is a district-scale, contiguous land package of 1,891 claims covering approximately 376 square kilometers. The Alpha Gold Property is located along the southeast projection of the prolific Cortez Gold Trend in Eureka County, approximately 135 kilometers (km) southwest of Elko, Nevada. The property is comprised of 239 contiguous claims covering an area of approximately 4,780 acres and is accessible via a dirt road, approximately two km west of Nevada State Highway 278. The Burro Creek Gold Project is located 105 km by road southeast of Kingman, Arizona, in southeastern Mohave County, approximately 265 km southeast of Las Vegas, Nevada and 200 km northwest of Phoenix, Arizona. The OGI Property consists of 99 quartz mining claims.

TSXV:SIG - Post by User

Sitka Gold Corp > quick calculation for reality check

<< Previous

Bullboard Posts

Next >>

Comment by Ivorygullon Jun 13, 2022 6:24pm

124 Views

Post# 34753565

RE:quick calculation for reality check

Nice numbers garland. I agree with you, i think this is a winner and could see this being a $10 stock based on what Victoria gold has next door.

JMO

garland wrote: IMHO using holes 21 -25 ( 5 holes) it is fair to say that an area of drilling has delineated a block of ore in the ground with the following parameters:

strike length = 200m
width = 200m
depth = 225m ( from surface)
average grade = 1.10 g/t (including minor intervals of high grade)

Therefore by simple volumetrics: 200x200x225x2.73(rock density) =tonnes x1.10g/t ( average grade)
= 898,000 ounces of gold in the ground to date !!! This area equates only to approx. 7% of the entire proposed drill program.This is an amazing beginning and one can easily assume that this current deposit will likely become much much larger as drilling proceeds this summer. IMHO , SIG is an easy 10 bagger - get in while it is still cheap or before it gets taken out by a larger entity - this will certainly occur if new drill hole intersections continue as the first 5 holes!
Fabulous story to watch for the summer. THIS IS REAL!