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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

Post by Westcoastwalkeron Oct 30, 2023 11:50am
191 Views
Post# 35707333

Goldinvest conclusion

Goldinvest conclusion Conclusion: With the least possible effort, Sitka has succeeded in recent years in proving that its Alpha project on the southwest margin of the Cortez Trend has all the characteristics that distinguish large Carlin-type gold deposits in Nevada. This type of deposit in Nevada is so famous because it hosts some of the largest and most profitable gold mines in the world. This is because the gold mineralisation in these mines is structurally bound for kilometres due to its depositional history, making it particularly well suited for industrial mining. If Sitka does indeed succeed in finding the high-grade core of the Carlin system this time – at comparatively shallow depths to boot – it would be the final link in the long chain of evidence for a potential world-class project. After all, the target corridor defined by Sitka is 7.5 km long. We look forward to the results and the potential rerating of the company that might stem from it.
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