Business
Sitka Gold Intercepts 62.0 Metres of 1.21 g/t Gold, Including 14.0 Metres of 3.85 g/t Gold at its RC Gold Project in Yukon
VANCOUVER, BC, April 26, 2022 /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, April 26, 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-22-022 (the \"drill hole\" or \"Hole 22\"), the first 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 program (DDRCCC-22-022 to DDRCCC-22-025) for a total of 1,242.8 metres. Approximately 9,000 metres are planned to be drilled during the spring-summer program utilizing two drill rigs to carry out the remainder of a 10,000 metre drill contract. Gold assay highlights from DDRCCC-22-022 include: 273 m of 0.52 g/t Au from 46 m to 319 m including 124.0 m of 0.81 g/t Au from 193.0 m, 62.0 m of 1.21 g/t Au from 253.0 m, 14.0 m of 3.85 g/t Au from 253.0 m, 2.0 m of 6.36 g/t Au from 313.0 m. \"Hole 22 has produced some fantastic results with characteristics similar to those seen in our initial Blackjack Zone discovery hole (Hole 21) and further enforces our belief that we have found a structurally controlled, high-grade gold corridor within the larger intrusion-related gold system at RC Gold,\" stated Cor Coe, P.Geo., CEO and Director of Sitka. \"Hole 22 is the first follow-up drill hole completed since our discovery of the Blackjack Zone, where Hole 21 returned 220.1 metres of 1.17 g/t gold from surface that included 50.5 metres of 2.08 g/t gold. With elevated gold values encountered from surface to the final 364.6 metre depth of Hole 22, in both intrusive and metasedimentary host rocks, plus visible gold observed across several intervals, we now have confirmation that this exciting new gold zone is indeed open for expansion. As we eagerly await the assays from the additional follow-up drill holes completed during the winter drilling program, our focus will now be on determining the parameters of this gold-rich zone and building tonnage as we work toward a resource estimate.\" The winter drilling program was focused in the area of the Blackjack Zone which was first intersected by Hole 21. The Blackjack Zone occurs within the Saddle West Zone where the Blackjack Fault obliquely intersects an ea...