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Sitka Gold Corp 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

Comment by givemeabreak1on Dec 18, 2020 12:17am
67 Views
Post# 32137796

RE:RE:RE:Update

RE:RE:RE:Update Looking4
You missed the whole point of my post which comes from blind love of a stock by a retail investor!  Take the blinders off and read what i said.  It is not negative but rather inconclusive.  In other words alot of unknows!  I will use your example and then apply it to my post.  So you say 100m at .82 is pretty good.  Now if you read my post you will note I point out 2 things you need to apply to that hole result!  First what is the true width of the drill result.  Well they do not know!  Deposits are not linear!  So if the true width is only 60% then you have to remove 40% of the gold when doing a hole calculation.  The other big thing is of course how much earth do you have to remove to get to the gold.  Now if that 100m at .82 was located from surface to 150 metres that would be great!  It is not!  It is located 156m to 257m...  Actual grade from 65m on is only .61 which means you have to mine gold that is less than .4 gpt for 156meter before you start mining .82 grade.  Like I said does not look like a bad bet around these levels but you should understand what you are doing!  It kills me how many people on these boards like to call down or call people bashers for pointing out the good with the bad!  And when you insult people and tell them to leave a board that is not chealeading but rather ignorant and stupidity!
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