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Sitka Gold Commences 15,000 Metre Diamond Drilling Program at Flagship RC Gold Project in Yukon
VANCOUVER, BC, March 5, 2024 /CNW/ - Sitka Gold Corp. ("Sitka" or the "Company") (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce that diamond drill
About this update from Sitka Gold Corp.
[{"type":"text","content":"VANCOUVER, BC, March 5, 2024 /CNW/ - Sitka Gold Corp. (\"Sitka\" or the \"Company\") (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce that diamond drilling has commenced at the Company's year-round road accessible RC Gold Project (\"RC Gold\" or the \"Project\") located in the prolific Tombstone Gold Belt approximately 100 kilometres east of Dawson City, Yukon. Up to 15,000 metres of diamond drilling across winter and summer drilling campaigns is planned for 2024. The key objectives of drilling this year will be to further expand and define the well endowed Clear Creek Intrusive Complex area (see Figure 2), which currently hosts a maiden resource of 1.34 million ounces of gold comprised of the Blackjack and Eiger gold deposits(1), both of which remain open in all directions, and advance additional drill-ready targets elsewhere on the district-scale, 386 square kilometre property. \"We are very excited to have the drill turning again at our flagship RC Gold Project,\" stated Cor Coe, Director and CEO of Sitka Gold. \"This winter drilling program will be primarily focused on the southern extent of the Blackjack zone where we encountered the highest grade gold intercepts on the project to date in hole DDRCCC-23-047, which returned 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. Gold grades of this magnitude are quite remarkable for a reduced intrusion related gold system and the data thus far indicates this higher-grade extension of the Blackjack gold deposit should persist further to the southeast and at depth. While step out drilling in this area could add substantial grade and tonnage to the existing resource, we are also excited to follow up on several other high priority, drill ready targets present across our district-scale and still largely under explored land package this year.\" Drill hole DDRCCC-24-057 is collared 80 m south of the current resource estimation outline and is being drilled at an azimuth of 60° and a dip of 60° to test the southeast continuity of gold mineralization southeast of hole DDRCCC-23-047, which intersected 219.0 m of 1.34 g/t Au from 190 m (see Figure 1). Hole 057 is projected to intersect the south Saddle Intrusion and associat...