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Sitka Gold Completes First Hole of its 2022 Drilling Program at Alpha Gold in Nevada
VANCOUVER, BC, June 21, 2022 /CNW/ - Sitka Gold Corp. ("Sitka'' or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce that the next phas
About this update from Sitka Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, June 21, 2022 /CNW/ - Sitka Gold Corp. (\"Sitka'' or the \"Company\") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce that the next phase of drilling recently began on June 17th at the Company's Alpha Gold Project (\"Alpha Gold\" or the \"Project\"), located at the southeast end of the Cortez Trend approximately 40 kilometres southeast of the Barrick/Newmont Cortez gold mine complex in Nevada. O'Keefe Drilling, an experienced and highly regarded drill contractor that is familiar with the Project, has been secured to conduct the drilling. The Company is also pleased to announce that it has completed the first drill hole of this phase of drilling (hole #AG22-09) that went to a depth of 171 metres (see description below). The Company is very excited to be continuing its exploration drilling at Alpha Gold, where drilling completed in 2021 discovered a new Carlin-type gold system. Valuable knowledge gained from the previous drill campaigns, along with additional mapping and other recent information gathered in the area, have been incorporated into the latest generation of priority drill targets for this current phase of exploration. All previous holes drilled to date have intersected gold mineralization associated with strong Carlin-type pathfinder elements in a zone of strong alteration at surface that extends for approximately 7 kilometres along major fold structures that have been mapped in the area. Sitka intends to drill a minimum of 1,500 metres during this phase of exploration. AG22-09 was completed on June 19th to a depth of 171 metres. The hole was drilled at an azimuth of 176 degrees and an inclination -60 degrees from the same pad as drill holes AG21-05 and -07 and was positioned to test the hanging wall (west side) of the N-S structure (see Figures 1 and 2). There was a decalcified zone at 58-61 metres, but the strong alteration began at 113 metres in the Horse Canyon equivalent unit. A zone of strong silicification, decalcification and druzy quartz in vugs continued to 143 metres. The interval was highly carbonaceous and zones of 5-10+ percent pyrite were common. There were also balls of clay and chips of rhyolite from thin dikes in the upper part of the interval. This alteration was much more visual than that at the bottom of AG21-05 (see news release dated Septem...