Business
Sitka Gold Secures Drill Contractor for up to 10,000 Metres of Drilling at RC Gold in Yukon
VANCOUVER, CANADA - TheNewswire - April 13, 2021 - Sitka Gold Corp. (“Sitka” or the “Company”) (CNSX:SIG.CN) (FSE:1RF) (OTC:SITKF) is pleased to announce that i
About this update from Sitka Gold Corp.
[{"type":"text","content":"VANCOUVER, CANADA - TheNewswire - April 13, 2021 - Sitka Gold Corp. (“Sitka” or the “Company”) (CNSX:SIG.CN) (FSE:1RF) (OTC:SITKF) is pleased to announce that it has secured New Age Drilling Solutions Inc. an established drill contractor based in Whitehorse, Yukon, to complete up to 10,000 metres of diamond drilling at its district scale, 376 square kilometer RC Gold Project (“RC Gold” or the “Project”) located in Yukon’s prolific Tombstone Gold Belt (Figure 1). Figure 1 - RC Gold Project Regional Location Map The majority of drilling at RC Gold this season will be focused on the Saddle-Eiger zone where a major intrusion-related gold system was discovered during the initial drill program completed in 2020 (see news release dated December 16, 2020). Every drill hole completed within this area last year encountered gold mineralization from surface to depth with intercepts and grades comparable to similar intrusion-related gold deposits in the region, including Victoria Gold’s Eagle and Olive gold deposits. These deposits contain a combined 4.7 million ounces of gold(1) and are located approximately 40 kilometres to the east of the Project. These initial drill holes, which were spaced up to 800 metres apart and spanned a distance of over 1800 metres, were strategically positioned to test a large, overlying >100 ppb to >500 ppb gold-in-soil anomaly that is approximate 2 km x 500 m and open in all directions (Figure 2). Planning is currently underway for the 2021 drill program at RC Gold and mobilization is anticipated to commence at the end May. Highlights from the Eiger-Saddle Zone 287.0 metres of 0.52 g/t gold from 9.0 to 296. metres (the entire hole) in DDRCCC20-002 including: 231.0 metres of 0.61 g/t gold from 65 to 296 metres and 100.8 metres of 0.82 g/t gold from 156.4 to 257.2 metres 2.0 metres of 16.10 g/t gold from 294 to 296 metres (end of hole DDRCCC20-002 and not included in the above intercepts) 139.1 metres of 0.61 g/t gold from 131.9 metres to 271 metres in DDRCCC20-004 including: 59.0 metres of 0.88 g/t gold from 212 to 271 metres an 37.0 metres of 1.05 g/t gold from 234 to 271 metres and 6.6 metres of 1.27 g/t gold from 131.9 to 138.5 metres Previous rock samples from trace up to 319.5 g/t gold(2) and previous soil samples from trace up to 4,384 ppb gold(3). “With our recently closed and oversubscribed $...