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Sitka Gold Encounters Visible Gold in 450 Metre Step-Out Drilling East of Blackjack Deposit at RC Gold Project, Yukon
VANCOUVER, CANADA – TheNewswire - August 17, 2023 - Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) (OTC:SITKF) is pleased to announce that is h
About this update from Sitka Gold Corp.
[{"type":"text","content":"VANCOUVER, CANADA – TheNewswire - August 17, 2023 - Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) (OTC:SITKF) is pleased to announce that is has encountered widespread mineralization, including visible gold, in large step-out drilling at its road accessible RC Gold Project (“RC Gold” or the “Project”) located in Yukon’s Tombstone Gold Belt. Mineralization, including visible gold in DDRCCC-23-053, has been encountered approximately 450 metres east, 300 metres north and 130 metres south of the margins of the existing gold resource outlined at the Blackjack gold deposit which hosts 900,000 ounces of gold at 0.83 g/t gold(1) and remains open in all directions. News Release Highlights: Visible gold and strong arsenopyrite in quartz veins encountered within drill hole (DDRCCC-23-053 or “Hole 53”) at the Saddle zone Hole 53 represents a 450 m step-out from the eastern margin of the current Blackjack gold resource outline. Arsenopyrite mineralization was noted over the entire 452 metre length of the hole. Quartz-arsenopyrite veining is often associated with elevated levels of gold mineralization at the Blackjack deposit where metallurgical testing has shown that the gold is not refractory and is potentially amenable to heap leaching with recoveries of up to 94% (see news release dated July 13, 2022) Step-out drilling to test the northern extension of the Saddle intrusion intersected sheeted quartz-arsenopyrite veining up to 300 m from the northern extent of the current Blackjack resource (DDRCCC-23-050 to 052) Recently completed mapping and prospecting have further expanded the northern extent of the Saddle intrusion to a minimum of 300 m beyond these drill holes where it becomes obscured by talus cover. Historic surface sampling here has returned up to 4.54 g/t gold Step-out drilling to test the southern extent of the Saddle intrusion intersected sheeted quartz-arsenopyrite veining within intrusive dykes and metasedimentary rocks 130 m south of the Blackjack resource in DDRCCC-23-048 (“Hole 48”) Current mapping and prospecting have expanded the southern extent of the Saddle intrusion at least 400 metres south of Hole 48 with historical surface sampling in this area returning values up to 8.62 g/t gold. Quartz-arsenopyrite veining in drill holes has now been observed ac...