Sitka Gold Corp SITKF

Primary Symbol: V.SIG

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.

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Post by Betteryear2on May 23, 2024 4:23pm

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Post# 36054685

Sitka Gold Drills

DDRCCC-24-058 ("Hole 58") returned 154.0 m averaging 1.47 g/t gold, including 37.0 m of 3.07 g/t gold and 8.0 m of 4.61 g/t gold, confirming robust continuity of the higher-grade gold mineralization discovered south of the current Blackjack gold deposit
3D structural interpretation from winter drill hole results establishes new Blackjack Mineralized Gold Corridor demonstrating the potential of continued higher-grade gold mineralization to the south of the Blackjack gold deposit
Abundant sheeted quartz veins, quartz-arsenopyrite veins, and arsenopyrite veins were observed throughout the quartz monzonite intrusions intersected by Hole 58 with several instances of visible gold also noted

VANCOUVER, BC / ACCESSWIRE / May 23, 2024 / Sitka Gold Corp. ("Sitka" or the "Company") (TSXV:SIG)(FSE:1RF)(OTCQB:SITKF) is pleased to announce that drill hole DDRCCC-23-058 ("Hole 58"), has intersected strong gold results south of the current Blackjack Gold Deposit resource. Hole 58 was the second of two holes completed during the 2024 winter diamond drilling program at the Company's 386 square kilometre, road accessible RC Gold Project ("RC Gold" or the "Project") located in Yukon's Tombstone Gold Belt ("TGB"), approximately 100 kilometres east of Dawson City. (see Table 1). Hole 58 intersected 154.0 metres of 1.47 g/t gold including 37.0 metres of 3.07 g/t gold and 8.0 metres of 4.61 g/t gold, confirming persistent gold mineralization continues 200 metres downdip of the gold mineralization encountered in DRCCC-23-047 ("Hole 47"), which returned the best drill hole results to date with 219.0 m of 1.34 g/t gold, including 124.8 m of 2.01 g/t gold and 55.0 m of 3.11 g/t gold (see news release dated September 26, 2023). The results from Hole 58, when taken together with the results of Hole 47, and 57, have enabled the Company to generate a 3D model interpretation that shows this strong gold mineralization is associated with the Blackjack Fault, is open to the southeast and projects both to depth and to surface (see Figure 6).

Sitka Gold Drills 154.0 Metres of 1.47 g/t Gold Including 37.0 Metres of 3.07 g/t Gold and 8.0 Metres of 4.61 g/t Gold at its RC Gold Project, Yukon (accesswire.com)