Business
Sitka Gold Intercepts 107.5 Metres of 1.44 g/t Gold From Surface Including 2.0 Metres of 35.60 g/t Gold at its RC Gold Project in Yukon
VANCOUVER, BC, May 18, 2022 /CNW/ - Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce assay results from d
About this update from Sitka Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, May 18, 2022 /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-22-024 (\"Hole 24\"), the third drill hole completed during the Company's 2022 winter exploration program at its road accessible, district-scale RC Gold Project (\"RC Gold\" or the \"Project\") located within the Yukon's prolific Tombstone Gold Belt (see Figure 1). Four diamond drill holes were completed during the 2022 winter drilling program (DDRCCC-22-022 to DDRCCC-22-025) for a total of 1,242.8 metres. Drilling is expected to resume at the RC Gold Project in the next couple of weeks utilizing two drill rigs that will be focused on the newly discovered Blackjack Zone. Gold assay highlights from DDRCCC-22-024 include: 107.5 m of 1.44 g/t Au from 4.5 m to 112.0 m in hole DDRCCC-22-024 including: 66.0m of 2.11 g/t Au from 16.0 m including, 1.0 m of 3.76 g/t Au from 24.0 m, 1.0 m of 7.92 g/t Au from 66.0 m and, 2.0 m of 35.60 g/t Au from 80.0 m. \"Results from our winter drill program continue to deliver with the exceptional assays from Hole 24 adding to the mounting evidence that our newly discovered Blackjack zone could host a multi-million ounce, economically viable gold deposit,\" stated Cor Coe, P.Geo., CEO and Director of Sitka. \"With over 100 metres of nearly 1.5 grams per tonne of gold drilled from surface, including 2 metres of over 1 ounce per tonne of gold, Hole 24 has confirmed that the gold-rich mineralization in this zone extends at least 100 metres west of our initial discovery hole (Hole 21) and remains open. Additionally, we have now confirmed that gold mineralization also extends 100 metres south (where Hole 22 was collared) and that it is continuous along vertical section (depth) from Hole 23 to Hole 22 (see news releases dated April 26 and May 17, 2022). This gold-rich zone remains open in all directions and we are eagerly awaiting the results from Hole 25 (DDRCCC-22-025) which was drilled approximately 80 metres to the east of Hole 21. Our plan is to continue step out drilling as we work towards further expanding this gold mineralization east and west along the interpreted strike while building tonnage for a maiden resource estimate.\" Hole 24 was collared from the same setups as Ho...