Business
Sitka Gold Commences Drilling at its RC Gold Project, Yukon
VANCOUVER, CANADA – TheNewswire - June 8, 2021 - Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) (OTC:SITKF) (CNSX:SIG.CN) is pleased to announc
About this update from Sitka Gold Corp.
[{"type":"text","content":"VANCOUVER, CANADA – TheNewswire - June 8, 2021 - Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) (OTC:SITKF) (CNSX:SIG.CN) is pleased to announce that it has commenced drilling at its RC Gold Project (“RC Gold” or “the Project”), located approximately 110 kilometres east of Dawson City, Yukon (Figure 1). The Company plans to drill 10,000 metres with drilling focused on expanding the extent of gold mineralization discovered at the Saddle-Eiger Zone where significant widths of gold mineralization were intersected during Sitka’s inaugural drilling program conducted in 2020 (Figures 2 and 3). The first four drill holes completed in 2020 (DDRCCC-20-001 to DDRCCC-20-004) at the Saddle-Eiger Zone were strategically positioned to test the large, overlying >100ppb to >500 ppb gold-in-soil geochemical anomaly that stretches over an approximate 2 kilometre x 500 metre area (Figure 3). DDRCCC-20-001 and 20-002 were located approximately 1240 metres and 1830 metres respectively to the west of DDRCCC-20-004 along the trend of this large gold anomaly. All four diamond drill holes collared over this 2 kilometre distance returned exceptionally long intersections of gold mineralization including 100.8 metres of 0.82 g/t gold, as well as high-grade zones of up to 16.1 g/t gold over 2.0 metres that were separate and not included in the longer reported intervals (see news release dated December 16, 2020). These drill holes straddle a lateral width of 300 metres of persistent gold values as demonstrated in holes DDRC2020-003 and 004. The results from these four drill holes demonstrate the potential size and robust nature of this mineralized gold zone and solidify Sitka’s belief that the RC Gold Project is an incredibly fertile land package capable of hosting several intrusion related gold deposits along with high-grade vein and breccia hosted gold. “We are very excited to kick off our 2021 diamond drill program at the RC Gold Project at such an early point in the field season”, stated Cor Coe, CEO and Director of Sitka. “The successful results from last year’s drilling demonstrates the enormous potential present at the Saddle-Eiger zone and confirms that the area hosts significant gold mineralization that is open both laterally and at depth within a current target area that is over 2 kilometres by 500 metres. The intercep...