Business
Sitka Gold Continues Drill Program at RC Gold, Yukon and Appoints Dr. Craig Hart to Advisory Board
VANCOUVER, CANADA – TheNewswire - June 09, 2022 - Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (CNSX:SIG.CN) (FSE:1RF) (OTC:SITKF) is pleased to announ
About this update from Sitka Gold Corp.
[{"type":"text","content":"VANCOUVER, CANADA – TheNewswire - June 09, 2022 - Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (CNSX:SIG.CN) (FSE:1RF) (OTC:SITKF) is pleased to announce that it has recommenced the previously announced 10,000 metre (m) diamond drilling program (see news release dated January 6, 2022) at its RC Gold Project (“RC Gold” or “the Project”) located in the prolific Tombstone Gold Belt (TGB) in the Yukon (see Figure 2). Sitka successfully completed four drill holes for a total of 1242.8 m during the winter portion of the Project. “Sitka is excited to resume drilling on the most recent discovery of potentially economic intrusion-related gold mineralization within the Yukon portion of the TGB. The widths and grades encountered in drilling at our Blackjack zone are very significant when compared to our peers Victoria Gold and Banyan Gold who are mining and/or exploring their deposits within the TGB. Victoria Gold is currently mining the Eagle Gold deposit which had Measured and Indicated Resources prior to mining of 214 million tonnes grade of 0.63 g/t gold (Au) estimated at a 0.15 g/t cut-off (4.397 million ounces; Goodwin et al. 2019)(2). Banyan Gold recently announced an combined Inferred Mineral Resource at the Airstrip, Powerline and Aurex Hill deposits on their AurMac Project of 207.0 million tonnes grading 0.60 gram per tonne Au at an estimated cut-off grade of 0.2 to 0.3 g/t (3.99 millon ounces; Jutras 2022)(5), stated Cor Coe, P.Geo., CEO and Director of Sitka.” The company plans on expanding the Blackjack zone which was discovered with the final hole of the 2021 drill season (DDRCCC-21-021 or “Hole 21”) and was the focus of the 2022 winter drilling campaign (Holes 22 to 25). Recent Blackjack Zone Drilling Highlights: Hole 21 (DDRCCC-21-021) 220 metres (m) of 1.17 g/t Au from surface including, 50.5 m of 2.08 g/t gold Hole 22 (DDRCCC-22-022) 273 m of 0.52 g/t Au from 46 m to 319 m including, 62 m of 1.21g/t Au Hole 23 (DDRCCC-22-023) 205.8 m of 1.01 g/t Au from surface including, 91.0 m of 1.61 g/t Au Hole 24 (DDRCCC-22-024) 107.5 m of 1.44 g/t Au from 4.5 m to 112.0 m including, 66.0 m of 2.11 g/t Au. Hole 25, which is still pending, stepped out approximately 80 m to the east of Hole 21 and was drilled at the same orientation and dip. This drill hole encountered similar geology to the previous d...