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Sitka Gold Drills 3.05 Metres of 1.10 g/t Gold; Further Increases Land Holdings at Alpha Gold in Nevada
VANCOUVER, CANADA - TheNewswire - November 16, 2021 - Sitka Gold Corp. (“Sitka” or the “Company”) (CNSX:SIG.CN) (FSE:1RF) (OTC:SITKF) is pleased to announce ass
About this update from Sitka Gold Corp.
[{"type":"text","content":"VANCOUVER, CANADA - TheNewswire - November 16, 2021 - Sitka Gold Corp. (“Sitka” or the “Company”) (CNSX:SIG.CN) (FSE:1RF) (OTC:SITKF) is pleased to announce assay results from the final 3 drill holes of the 2021 summer drill program at the Alpha Gold Project (“Alpha Gold” or the “Project”) located at the southeast end of the Cortez Trend in northern Nevada. Five drill holes were completed during this latest phase of drilling for a total of 1,553 metres (see Figure 1). Sitka is also pleased to announce that, subsequent to receiving and incorporating these latest results into its geological model, an additional 125 claims have been staked to cover high-priority target areas, with newly mapped, prospective alteration and structure on trend with the recent drilling. These new claims more than double the Project’s land holdings and join the northwest and southeast Alpha Gold claim blocks creating a contiguous property of 239 claims totaling approximately 1,934 hectares (4,780 acres; see Figure 2). Highlights from these drill holes include*: 15.24 metres of 0.46 g/t gold from 333.76 to 349 metres in hole AG21-08 including: 7.62 metres of 0.68 g/t gold from 339.85 to 347.47 metres including: 4.58 metres of 0.81 g/t gold from 344.42 to 349.0 metres including 3.05 metres of 1.10 g/t gold from 344.42 to 347.47 metres including 1.53 metres of 1.24 g/t gold from 344.42 to 345.95 metres 3.04 metres of 0.41 g/t gold from 196.60 to 199.64 metres in hole AG21-07 including: 1.52 metres of 0.66 g/t gold from 196.60 to 198.12 metres *See Table 1 The Alpha Gold Project has advanced rapidly at modest cost, from an undrilled geologic concept with a surface alteration and pathfinder element anomaly, to a large wide-open Carlin-type gold system with thick, low-grade gold intercepts, from wide-spaced drilling. Intercepted gold grades have improved as basic controls of the system have begun to be understood. This is reflected in drill hole AG21-08 where gold intervals over one gram per tonne were encountered. Considering the early-stage, relatively blind nature of the target, the strength of mineralization encountered thus far and rate of progression at Alpha are extremely encouraging. Many lateral offset targets on newly discovered gold-bearing structures with excellent potential to reveal higher grades are already apparent ...