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Sitka Gold Compiles Latest Drill Results and Expands Land Package at Alpha Gold in Nevada
VANCOUVER, CANADA – TheNewswire – May 6, 2021 - Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) (OTC:SITKF) (CNSX:SIG.CN) is pleased to announce
About this update from Sitka Gold Corp.
[{"type":"text","content":"VANCOUVER, CANADA – TheNewswire – May 6, 2021 - Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) (OTC:SITKF) (CNSX:SIG.CN) is pleased to announce that it has received assay results from recent drilling at its Alpha Gold Project (“Alpha Gold” or the “Project”), located along the southeast projection of the prolific Cortez Gold Trend in Eureka County, approximately 135 kilometres southwest of Elko, Nevada. Based on these results, Sitka has staked an additional 21 mining claims, expanding the Project land package to a total of 114 claims covering an area of approximately 2280 acres or 923 hectares (Figures 2 and 3). The new claims complete coverage of a newly identified structural trend east and southeast of drill hole AG21-03 (see news release dated March 10, 2021). “The results from AG21-02 and AG21-03 have confirmed that we are in a gold enriched system associated with Carlin-type gold deposit mineralization”, stated Cor Coe, CEO and Director of Sitka Gold. “These broad intercepts of anomalous gold coincide with alteration and mineralization that is similar to what has been found at other gold deposits along the Cortez trend. This initial drilling has successfully upgraded the project from the level of a surface showing to what looks like the fringe of a strong Carlin-type gold system that is moving in a wide-open direction in an undrilled area. The targets shown in Figure 1 are interpreted as the most probable high-grade cores to this Carlin-type gold system. In addition, recent surface reconnaissance has discovered another structural trend to the southeast of AG21-03 that exhibits the strongest and most extensive alteration seen on the Project. We have expanded the Alpha Gold land package to cover this new target area and are looking forward to completing additional drilling immediately upon receiving BLM permits for the newly staked claim blocks.” Drilling at the Alpha Gold project intercepted wide zones of highly anomalous gold mineralization in the lower part of the Devonian Shale (Horse Canyon equivalent) just above the Devils Gate Limestone. Results support the premise of strengthening gold mineralization relative to surface exposures to the west. The primary target remains a high-grade Goldrush analogue. Drill results and new information have refined the target model as shown in Figure 1. AG21...