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Sitka Announces Expansion of RC Gold Project with Acquisition of Victoria Gold's Clear Creek Property, Yukon
New property acquisition from Victoria Gold completes amalgamation of contiguous district-scale g...
About this update from Sitka Gold Corp.
[{"type":"text","content":"Sitka Announces Expansion of RC Gold Project with Acquisition of Victoria Gold's Clear Creek Property, YukonNew property acquisition from Victoria Gold completes amalgamation of contiguous district-scale gold camp at RC Gold Project in YukonVictoria Gold now a significant shareholder with an initial 8% interest in Sitka GoldAdds four high-priority targets for intrusion related gold depositsHistorical drill results of up to 20.46 g/t Au over 10.7 metres (Contact), 1.87 g/t Au over 42.6 metres (Bear Paw), 1.03 g/t Au over 67.1 metres (Rhosgobel) and 1.20 g/t Au over 10.0 metres (Pukelman)Newly identified mineralized corridor from Blackjack gold deposit projects over 5 kms through intrusions located on the newly acquired property VANCOUVER, BC / ACCESSWIRE / June 24, 2024 / Sitka Gold Corp. (\"Sitka\" or the \"Company\") (TSXV:SIG)(FSE:1RF)(OTCQB:SITKF) announces that the Company has executed a definitive asset purchase agreement (the \"Purchase Agreement\") with Victoria Gold Corp. (the \"Vendor\") dated June 24, 2024 in connection with the acquisition (the \"Acquisition\") of a 100% interest in the Clear Creek property (the \"Property\"), located adjacent to the Company's RC Gold Project, (see Figures 1 and 2). The Clear Creek Property claims adjoin Sitka Gold's road accessible RC Gold Project (\"RC Gold\" or the \"Project\"), located approximately 100 kilometres east of Dawson City, Yukon and cover the southern portion of the Clear Creek Intrusive Complex. The Property encompasses several regions of intrusion-related gold mineralization that have undergone various levels of exploration, including historical reverse circulation and diamond drilling.\"We are very pleased to complete the purchase of the Clear Creek Property and to welcome Victoria Gold as a major new shareholder of the Company,\" said Cor Coe, Director and CEO of Sitka Gold. \"The purchase of Victoria Gold's Clear Creek Property marks a significant milestone in the evolution of the RC Gold Project as it consolidates the entire Clear Creek Intrusive Complex under one owner. The newly acquired property has an excellent road network accessing the target areas allowing Sitka to effectively use capital to conduct low cost drilling within this newly discovered high-grade Reduced Intrusion Related Gold System. The potential for this area, including the newly acquired Clea...