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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 Aug 19, 2021 4:12pm
104 Views
Post# 33734613

RE:RE:SIG News Release Sitka Gold drills 318 m of 0.45 g/t Au at

RE:RE:SIG News Release Sitka Gold drills 318 m of 0.45 g/t Au at Westcoastwalker!
1.  There are not many with lower grades
2.  They do not even know what the true widths are so I will take the middle shot and say they might be 70% so about 222 m of .45 gpt. 
3.  No idea what the recovery is as yet but again let us assume 70% so .312 gpt
4.  32 m of 1.2 g/t is not mineable even at surface and we are talking 260 meters below ground so like 3 foot ball field deep lol.  And no that is not higher than VIT's grade.  It is higher than their average mineable grade but they have many holes with greater widths and higher grades than that.
5.  Remember the .45 includes the 1.2 gpt material already.

Before you go running off and give me example of those mining lower grades remember they must have the same parameters.  So the typical example will be something like Fort Knox.  However, they have been mining or a million years and the grades were much higher when they got started plus they already have both a mine and a mill paid for.  Others are in countries with better weather better recoveries and cheaper labor!
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