Business
Sitka Gold Drills 215.1 Metres of 1.00 g/t Gold, Including 30.7 Metres of 2.19 g/t Gold at RC Gold Project, Yukon
VANCOUVER, BC, June 6, 2023 /CNW/ - Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce assay results from d
About this update from Sitka Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, June 6, 2023 /CNW/ - Sitka Gold Corp. (\"Sitka\" or the \"Company\") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce assay results from diamond drill hole DDRCCC-23-042 (the \"drill hole\" or \"Hole 42\"), the second diamond drill hole of the 2023 drill program which is focused on expanding the recently announced initial resource at the RC Gold Project (\"RC Gold\" or the \"Project\") in the prolific Tombstone Gold Belt in the Yukon Territory. Hole 42 was drilled to expand the Blackjack deposit at depth and to the southeast and was stepped 80 m to the west of DDRCCC-23-041 (see news release dated May 24, 2023). Hole 42 intersected 180.2 m of 1.15 g/t Au within a larger interval of 215.1 m of 1.00 g/t Au. Assay results for DDRCCC-23-043, completed during the 2023 winter drilling program, are pending. Assay highlights from DDRCCC-23-042 include: 215.1 metres (m) of 1.00 g/t Au from 273.71 m to 488.9 m including: 180.2 m of 1.15 g/t Au from 308.6 m, 2.35 m of 17.63 g/t Au from 311.0 m, 43.5 m of 1.66 g/t Au from 381.5 m, 30.7 m of 2.19 g/t Au from 381.5 m. Cor Coe, Director and CEO of Sitka Gold, states, \"Step out drilling continues to demonstrate the significant expansion potential at our Blackjack gold deposit with Hole 42 further extending gold mineralization below Hole 41. This season is focused on further delineation of this major gold system with the objective of adding ounces to both the Blackjack and Eiger deposits while investigating the potential to link these deposits together through the 1.5 km mineralized corridor and across the Saddle zone (see Figure 3).\" DDRCCC-23-042 (\"Hole 42\"), the second drill hole completed in 2023, was collared 215 m metres south of discovery drill hole DDRCCC-21-021 (see news release dated December 13, 2021) and was drilled at a northeast azimuth with a -60 degree dip (see Figures 1 and 2). The drill hole was designed to test for an extension of higher-grade gold mineralization at depth and southeast of drill holes DDRCCC-22-025, DDRCCC-22-038 and beneath DDRCCC-23-041) (see news releases dated June 13, 2022, November 30, 2022 and May 24, 2023). From surface to 464 m RCCC23-042 intersected moderately to strongly altered metasediments cut by metre scale megacrystic quartz monzonite (MQMZ) and feldspar porphyry (FP) dykes and sills. From 464.0 m ...