Business
Sitka Gold Drills 180.0 Metres Of 1.04 G/t Gold Within 305.2 Metres Of 0.78 G/t Gold At Its Rc Gold Project, Yukon
VANCOUVER, BC, Nov. 30, 2022 /CNW/ - Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to release assay results for tw
About this update from Sitka Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, Nov. 30, 2022 /CNW/ - Sitka Gold Corp. (\"Sitka\" or the \"Company\") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to release assay results for two additional diamond drill holes completed as part of the Company's Phase II summer 2022 drilling program at its road accessible 376 square kilometre RC Gold Project (\"RC Gold\" or the \"Project\"), located in the Yukon's Tombstone Gold Belt (\"TGB\"). Sixteen diamond drill holes were completed totaling 5,250 metres (m) during the Phase II drilling program, with assays previously released for the first eleven holes (see Company news releases dated September 7, 2022 and November 18, 2022) and an additional three holes still pending assay results. Gold assay highlights from this release: 401.5 m of 0.63 g/t Au from 73.0 m in DDRCCC-22-038, including305.2 m of 0.78 g/t Au from 79.8 m depth, and including180.0 m of 1.04 g/t Au from 176.0 m depth. Cor Coe, P.Geo., Director and CEO of Sitka Gold Corp. commented, \"Step out drilling at the Blackjack zone continues to deliver very impressive results with these latest drill holes demonstrating the persistence of attractive gold grades within this recently discovered gold zone. Diamond drill hole 38 (DDRCCC-22-038 or \"Hole 38\") was collared 175 metres (m) southeast of the Blackjack zone discovery Hole 21 (DDRCCC-21-021 or \"Hole 21\") and intersected 180 m of 1.04 g/t gold, demonstrating the continuity of higher grades (>1 g/t gold) within the Blackjack zone as we step out from Hole 21, which intersected 220.1m of 1.17 g/t gold from surface (see news release dated December 17, 2021). Hole 38 was the furthest step out to the SE from Hole 21 completed to date. In addition to the higher grade core, the entire mineralized section of Hole 38 graded 0.63 g/t gold over 401.5 m which is comparable to the 0.63 g/t gold resource(2) at Victoria Gold's producing Eagle Gold Mine, an Intrusion Related Gold Deposit (IRGD) in the Tombstone Gold Belt (TGB) which is an analog to our Blackjack target. Hole 38 was drilled on the same section as DDRCCC-22-025 (see Figures 1 and 2) which intersected 221.0 m of 1.01 g/t gold while the entire mineralized section of Hole 25 graded 0.71 g/t gold over 349.0 m (see news release dated June 13, 2022). Several instances of visible gold were noted throughout Hole 38, and structural meas...