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Sitka Gold Expands Extent of Gold Mineralization in Strong Carlin-Type Alteration to 2.5 Km at the Alpha Gold Project, Nevada
VANCOUVER, CANADA – TheNewswire - February 22, 2023: Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) (OTCQB:SITKF) is pleased to release results
About this update from Sitka Gold Corp.
[{"type":"text","content":"VANCOUVER, CANADA – TheNewswire - February 22, 2023: Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) (OTCQB:SITKF) is pleased to release results from the final drill holes of the 2022 drill program at the Alpha Gold Project (“Alpha Gold” or the “Project”) located on the southeast projection of the Cortez gold trend, approximately 40 kilometres (km) southeast of the Nevada Gold Mines Cortez Complex in Nevada (Figure 1). A total of 1,374.7 metres (m) in four holes (AG22-09 – AG22-12) were completed in 2022. AG22-11 intersected 12.2 m of 0.50 g/t gold including 1.5 m of 2.32 g/t gold within strong Carlin-type alteration. The hole was a 940m step-out south-southeast of AG22-10 which intersected 21.3 m of 1.21 g/t gold including 1.5 m of 4.62 g/t gold (see news release dated October 6, 2022) expanding the extent of gold mineralization in strong Carlin-type mineralization intersected in drilling to 2.5 km within the 8 km north-northwest trending target zone (Figure 2). Figure 1: Location map of Alpha Gold Project within the Cortez Trend. Cor Coe, P.Geo., CEO and Director of Sitka Gold comments, “The results from our final drill holes of 2022 are very encouraging and continue to demonstrate the potential of this area to host one or more significant Carlin-type gold deposits as seen at other locations along the Cortez trend. The intercept from AG22-11 is particularly exciting as it expanded the extent of known Carlin-type gold mineralization an additional 940 metres from Hole 10 and suggests proximity to a potential high-grade core zone. This was an important step in confirming the mineralization trend considering there is no significant gold in surface alteration. Further, while Hole 12 did not reach its target depth, the gold present in the cap rock above the targeted host horizon was more anomalous than in Hole 11 and suggests the host rock in this location could be higher-grade in nature. With 2.5 km of potential strike length delineated by our drilling in 2021 and 2022, the next step at Alpha will be locating the anticline crest and core of the gold mineralization with additional cross trend drilling aimed at finding higher-grade gold zones similar to those that have made the Cortez trend famous.” Figure 2: North-northwest trending target zone at Alpha Gold. AG22-12 was drilled 5.6 km south of AG22-10 at the souther...