Business
Sitka Gold Drills 422.7 Metres of 0.74 G/t Gold, Including 111.7 Metres of 1.24 G/t Gold at RC Gold Project, Yukon
VANCOUVER, BC, June 21, 2023 /CNW/ - Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce assay results from
About this update from Sitka Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, June 21, 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-23-043 (the \"drill hole\" or \"Hole 43\"), the third diamond drill hole of the 2023 winter drill program on the Company's 376 square kilometre, road accessible RC Gold Project (\"RC Gold\" or the \"Project\") located in Yukon's Tombstone Gold Belt (\"TGB\"), approximately 100 kilometres east of Dawson City. A resource expansion drilling program is currently underway at RC Gold where an Initial Mineral Resource Estimate of 1,340,000 ounces of gold beginning at surface and grading 0.68 g/t was announced earlier this year (see news release dated January 19, 2023). Assay highlights from DDRCCC-23-043 include: 422.7 metres (m) of 0.74 g/t Au from 4.0 m to 426.7 m (end of hole) including: 28.0 m of 0.91 g/t Au from 4.0 m 40.0 m of 1.02 g/t Au from 81.0 m, 111.7 m of 1.24 g/t Au from 315.0 m, 14.0 m of 3.28 g/t Au from 345.0 m, \"The results obtained from Hole 43 are quite remarkable and further illustrate just how consistent and well-endowed the gold mineralization is at our Blackjack deposit\", stated Cor Coe, CEO and Director of Sitka Gold. \"Gold mineralization was encountered at surface and continued for the entire 422.7 metre length of this drill hole, which averaged 0.74 g/t gold and had multiple occurrences of visible gold. Hole 43 was designed to fill in an area of our deposit model that was missing drill core data and test for mineralization at depth. Although the drill hole was stopped in mineralization at the end of our winter program to avoid any complications that could arise during the spring thaw, it has since been re-entered and drilling is currently underway to extend it at depth. Additional step out drilling to expand both the Blackjack and Eiger gold deposits, both of which remain wide open, will be the primary focus of our 2023 summer field season at RC Gold along with additional exploration drilling to test for continuity across the mineralized corridor (see Figure 3).\" DDRCCC-23-043 was collared at the same location as DDRCCC-21-021 (see news release dated December 13, 2021) and drilled at an azimuth of 005 degrees and a dip of -85 degrees (see Figures 1 through 3). The purpose of the hole was to fi...