Business
Sitka Gold Drills 292.0 m of 1.00 g/t Gold Including 75.0 m of 2.04 g/t Gold at Its RC Gold Project, Yukon
VANCOUVER, BC, May 24, 2023 /CNW/ - Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce preliminary assay re
About this update from Sitka Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, May 24, 2023 /CNW/ - Sitka Gold Corp. (\"Sitka\" or the \"Company\") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce preliminary assay results from diamond drill hole DDRCCC-23-041 (the \"drill hole\" or \"Hole 41\"), the first diamond drill hole of the 2023 drill program which is focused on expanding the recently announced initial resource at the RC Gold Project in the prolific Tombstone Gold Belt in the Yukon Territory. Hole 41 was drilled to expand the Blackjack deposit at depth and to the southeast and intersected 1.28 g/t Au over 203.9 m within a larger interval of 1.00 g/t Au over 292.0 m. Assay results for the remaining two drill holes completed during the 2023 winter drilling program are currently pending. Preliminary assay highlights from DDRCCC-23-041 include: 292.0 metres (m) of 1.00 g/t Au from 200.0 m to 492.0 m including: 203.9 m of 1.28 g/t Au from 243.0 m, 75.0 m of 2.04 g/t Au from 273.0 m, 30.0 m of 3.11 g/t Au from 320.0 m. 19.9 m of 1.04 g/t Au from 418.0 m \"Step out drilling at our Blackjack gold deposit continues to impress with Hole 41 returning some of our best gold intercepts to date,\" said Cor Coe, P.Geo., CEO and Director of Sitka. \"This hole demonstrates that the higher grade mineralization intersected at surface in this deposit continues to depth as highlighted by the 2.04 g/t Au over 75 m subinterval. The Blackjack deposit is higher grade than the typical low grade, heap-leach deposits within these reduced intrusion-related gold systems. This hole adds significant tonnage with high gold grades and demonstrates that gold mineralization with high grades is persistent and continues to the southeast of the current deposit boundary. Visible gold and significant vein densities were observed in all three drill holes completed so far this year (see news release dated April 12th and May 8th, 2023) and we are optimistic that the assay results from the remaining two drill holes completed during the 1500 metre winter drilling program will continue to endorse the expansive gold endowment of this area. \"Both the Blackjack and Eiger gold deposits, comprising the initial mineral resource of 1.34 million ounces gold announced earlier this year, remain open in all directions and, with step out drilling continuing to demonstrate that significant ounces can be ad...