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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 principal business activity is the exploration for mineral resources in North America. The Company’s projects include RC Gold, Alpha Gold, Coppermine River, and Burro Creek. 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 431 square kilometers. Alpha Gold Property, located along the southeast projection of the prolific Cortez Gold Trend in Eureka County, approximately 135 kilometers southwest of Elko, Nevada. The Burro Creek Gold Project is located 105 km by road southeast of Kingman, Arizona. The Company through its wholly owned subsidiary Arctic Copper Corp., holds approximately 7,500 hectares of mining claims in two separate claim blocks in the Coppermine River area in Nunavut that exhibit potential to host economic grades of copper and silver mineralization.


TSXV:SIG - Post by User

Comment by givemeabreak1on Dec 18, 2020 1:01pm
119 Views
Post# 32140760

RE:RE:Cheerleaders Post!

RE:RE:Cheerleaders Post!"The Burro deposit contains an historical mineral resource estimate as defined by the National Instrument 43-101 Standards for Disclosure for Mineral Projects and is not considered by Sitka Gold Corp. to be a current mineral resource because a qualified person has not completed sufficient work to reclassify it as such."

So whether there was drilling or not the resource had to be updated to classify it as a reource.   Having said that, you are correct holes at Burro Creek are generally shallow so not very expensive.  As I recall they did 11 holes 1000 meters so very shallow.  Looking at the results of those holes they were not very good!  In fact, some would say sucked the big one. in my opinion they would add very little if anything to the historic resource once updated.  

It would seem to me that they have changed focus and Burro has been put on the back burner.  I suspect there money will be spent elsewhere based on the results of Phase 1 drilling!  
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