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Sitka Gold Continues to Intersect Visible Gold and Expand Mineralization at Its Blackjack Gold Deposit in Yukon
VANCOUVER, BC, May 8, 2023 /CNW/ - Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce it has completed the
About this update from Sitka Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, May 8, 2023 /CNW/ - Sitka Gold Corp. (\"Sitka\" or the \"Company\") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce it has completed the winter phase of its 2023 diamond drill program at the Company's 376 square kilometre, road accessible RC Gold Project (\"RC Gold\" or the \"Project\") located in Yukon's prolific Tombstone Gold Belt (\"TGB\"), approximately 100 kilometres east of Dawson City. Three diamond drill holes (DDRCCC-23-041 to -043) totalling approximately 1500 metres were completed during this phase of drilling with multiple occurrences of visible gold observed in each drill hole (see Figures 4 - 6). Core samples for all three drill holes have been submitted to the lab for analysis and the Company is currently awaiting assay results. News Release Highlights Multiple occurrences of visible gold grains observed in all three drill holes Significant quartz vein densities observed in all three drill holes Confirmation that mineralization of the Blackjack gold deposit extends further to the east and to depth \"We are very encouraged by the visual observations of the drill holes completed during this initial phase of 2023 drilling at RC Gold,\" stated Cor Coe, P.Geo., CEO and Director of Sitka. \"An early start to this year's diamond drilling at the Company's year-round, road accessible RC Gold Project has provided us with a nice jump on the 2023 summer field season with approximately 1500 metres of our planned 10,000 metre drilling program already completed this year. With visible gold and significant vein densities observed in every drill hole completed so far this year, we are eager to see what the assay results produce as we continue to systematically define this gold rich corridor. This corridor includes the recent discovery of two NI 43-101 compliant gold deposits situated 1.5 kilometres apart and totaling 1.34 million gold ounces, as announced earlier this year.\" DDRCCC23-042 was drilled on a northeast azimuth with a -60 degree dip (Figures 1 and 2). The hole was designed to further test for an extension of high-grade material at depth below and to the west of drill holes DDRCCC-22-025 and DDRCCC-22-038 (see news releases dated June 13, 2022 & November 30, 2022). The hole was a step out 81 metres SSW from DDRCCC23-041, which had encountered significant densities of quartz sul...