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Sitka Gold Begins Maiden Drilling on Josephine Intrusion Gold Target at RC Gold Project, Yukon
VANCOUVER, BC, Sept. 7, 2023 /CNW/ - Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce commencement of the
About this update from Sitka Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, Sept. 7, 2023 /CNW/ - Sitka Gold Corp. (\"Sitka\" or the \"Company\") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce commencement of the first ever diamond drill testing of the Josephine intrusion located in the northern portion of the Clear Creek Intrusive Complex (CCIC) on the Company's 376 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. A diamond drilling program of up to 10,000 metres (m) is currently underway at RC Gold where an Initial Mineral Resource Estimate of 1,340,000 ounces of gold beginning at surface and grading 0.68 g/t was announced earlier this year (see news release dated January 19, 2023). Josephine Surface Exploration Highlights: Target A Sheeted veins in altered metasedimentary rocks adjacent to intrusion returned values of 1.88 and 1.34 g/t gold Visible gold in outcrop Target B Sheeted veins in intrusive returned values of 5.45, 3.47 and 1.31 g/t gold \"We are excited to be conducting the first ever diamond drilling of the Josephine intrusion, one of the six intrusions located in the Clear Creek Intrusive Complex (See Figure 1). The discovery of visible gold this summer in the altered rocks adjacent to the intrusion during geological mapping and subsequent prospecting, which identified gold-bearing sheeted veins both within the intrusion and in the adjacent altered rocks, highlights the potential of the Josephine intrusion. The intrusion is not well exposed at surface so we look forward to getting an initial look using the drill bit at the potential of the Josephine to be the third intrusion on the project to host a gold deposit\", commented Cor Coe, Director and CEO of Sitka Gold. Results have been received for 30 of 86 surface rock samples from the Josephine target, with gold values ranging from 0.003 g/t to 5.45 g/t gold. Seven of the rock samples returned results greater than 1.0 g/t Au and 13 returned values greater than 0.10 g/t Au. Two drill holes are planned to test two targets located approximately 500 metres apart along the southern margin of the Josephine intrusion (See Figure 2). A second diamond drill rig has been mobilized to the RC Gold Project to enable drill testing of these targets. Target A is th...