Vancouver, British Columbia--(Newsfile Corp. - February 5, 2018) - Sitka Gold Corp. (CSE: SIG) is the latest new listing on the
Canadian Securities Exchange, trading under the symbol "SIG".
InvestmentPitch Media has produced a "video" which provides a brief overview of the
company. If this link is not enabled, please visit www.InvestmentPitch.com and enter
"Sitka" in the search box.
The company completed an IPO with PI Financial, raising gross proceeds of $1,200,000, issuing 6 million units at $0.20 per unit.
Each unit consisted of 1 share and one-half a warrant, with each full warrant exercisable at $0.30 for 24 months.
The proceeds from the offering will primarily be used to fund exploration expenditures on the Adobe Gold Property. The company
has an option to acquire up to a 100% interest in the Adobe Gold Property from Intercept Minerals Corporation.
The Adobe Gold Property, located 50 kilometres north of Elko, Nevada, on Federal Lands, is comprised of 80 Lode Mining Claims
totaling approximately 686 hectares. To acquire the initial 60%, the company must issue 500,000 shares in staged payments, and
incur US$600,000 in expenditures by September 1, 2018.
The company's initial exploration program consisted of gulley and ridge soil sampling and additional mapping and outcrop
sampling. Compilation and interpretation of the data has identified structurally controlled areas where anomalous pathfinder
minerals and gold results have defined three target areas to be drill tested. An NI 43-101 report commissioned by the company has
recommended an initial drill testing program that consists of drilling a minimum of 2 holes into each of the three target
areas.
The company has recently received approval for its drilling permit application and plans to carry out this drilling program by
Q2 of 2018.
For more information, please visit the company's website at www.sitkagoldcorp.com,
contact Corwin Coe, CEO, 604-817-4753, or email info@sitkagoldcorp.com.
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