Sitka Gold Corp. · TSXV:SIG
Sitka Gold — Investor Presentation (January 2024)
53 slides from Sitka Gold's investor presentation, January 2024
Slide 1: January 20
CSE: SIG FSE: 1RF OTCQB: SITKF February 2022 January 20
Slide 2: Forward Looking Statement
Forward Looking Statement This Presentation contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "
Slide 3: Sitka's Portfolio of Projects
Sitka’s Portfolio of Projects Sitka’s diverse portfolio of gold, silver, zinc and copper projects are located in proven, mining friendly jurisdictions and vary from grassroots, discovery stage properties to an existing deposit open for expansion in all directions: 1. RC Gold Project, Yukon - New int
Slide 4: RC Gold Project
RC GOLD PROJECT YUKON Under-explored, 386 km2, intrusion-related gold project in the heart of Yukon’s Tintina Gold Belt • Road accessible, district scale land package • Exciting new discovery made in 2021, initial mineral resource estimate made with two years of drilling. • Initial Pit Constrained M
Slide 5: Project Location
RC Gold Project Project Location • Located 100 km east of Dawson City, Yukon that has a 5,000 foot paved runway. Road accessible from Km 32 of the government maintained Clear Creek road from the Klondike Highway • In the heart of the Tombstone Gold Belt - a geologically fertile region that lies with
Slide 6: Active Yukon Explorers
Active Yukon Explorers SITKA GOLD CORP Wh c JA VICTZ2RIA kBanyanGold | TKAGOLD CORP! GOLD CORP GOLD CORP 1 I Discovery Valley Raven AurMac RC Gold Market Capitalization C$675 million C$363 million C$95 million C$38 million Geology Type Intrusion-Related Intrusion-Related Intrusion-Related + Skarn In
Slide 7: Emerging New Road Accessible Gold District
RC Gold Project Gold Endowment in District has increased Emerging New Road Accessible Gold District by 10.15 million ounces since May 2020 April 2020 District Resources Victoria Gold – Eagle and Olive Deposits • 3.67 M oz M+I @ 0.60 g/t Au (Eagle) • 0.36 M oz Inf @ 0.52 g/t Au (Eagle) • 0.33 M oz M+
Slide 8: Project Description
RC Gold Project Project Description • Large land package consolidated by Sitka through staking, property acquisition and agreements. Blackjack and Eiger deposits on 100% owned property. • Nine under-explored Tombstone-age intrusive bodies exist within the project area. • Maiden diamond drill program
Slide 9: RC Gold Inferred Mineral Resource Estimate
RC Gold Project SITKA GOLD CORP Table 1: RC Gold Inferred Mineral Resource Estimate Tonnes 0z Au 000's 000's Notes 1. Mineral resource estimate prepared by Ronald G. Simpson of GeoSim Services Inc. with an effective date of January 19, 2023. Mineral Resources are classified using the 2014 CIM Defini
Slide 10: 2020-2023 Focus on Blackjack-Saddle-Eiger Corridor
RC Gold Project 2020-2023 Focus on Blackjack-Saddle-Eiger Corridor • A five-kilometre extensional corridor is anchored by the Saddle and Josephine intrusions. Extensive >100 ppb to >500 ppb gold-in-soil anomaly • Mineralization is typical of Reduced Intrusion-related Gold Systems • Blackjack and Eig
Slide 11: RC Project High-Resolution Magnetics Survey
RC Gold Project RC Project High-Resolution Magnetics Survey • 3D modelling shows mineralized intrusions are associated with hornfels alteration zones with a higher magnetic response • Higher magnetic response in the model suggest the Saddle, Eiger, Josephine and Pukelman intrusion coalesce at depth
Slide 12: Blackjack, Saddle, Eiger 2020-2023 Drill Holes
RC Gold Project – Blackjack, Saddle, Eiger 2020-2023 Drill Holes OPEN OPEN 12
Slide 13: 2023 Drill Holes – Blackjack and Saddle
RC Gold Project – 2023 Drill Holes – Blackjack and Saddle Saddle zone 13
Slide 14: Blackjack Deposit – Near Surface High Grade
RC Gold Project – Blackjack History Blackjack Deposit – Near Surface High Grade • Blackjack zone discovered in Hole 21, last hole of the 2021 drilling season. Visible gold observed in 21 different sections of the hole and returned 220.1 m of 1.17 g/t Au, including 50.5 m of 2.08 g/t Au, from surface
Slide 15: Blackjack Zone Drill Highlights 2020 to 2023 Drilling
RC Gold Project Blackjack Zone Drill Highlights 2020 to 2023 Drilling Hole # From (metres) Interval (metres) Gold (g/t) Hole # From (metres) Interval (metres) Gold (g/t) 02 65.0 231.0 0.61 41 200.0 292.0 1.00 Including 156.4 100.8 0.82 including 234.0 75.0 2.05 21 surface 220.0 1.17 42 273.7 215.1 1
Slide 16: Blackjack Deposit 2023 Resource Expansion
RC Gold Project Blackjack Deposit 2023 Resource Expansion • 12-holes totalling 5212 metres completed in a two-phase winter and summer drill program. • All holes intersected gold mineralization outside of the current resource area except for Hole 51. • Hole 47 was the highest grade intersection at th
Slide 17: 2023 Additional Drill Highlights
RC Gold - 2023 Additional Drill Highlights Sitka has completed 16 drill holes, totaling High-grade section of drill Core from DDRCCC-23-047 approximately 6,515 m. 12 holes in Blackjack zone, 2 holes in Saddle zone, 2 holes in Josephine zone 2023 Drilling intersected high grades at depth in the Black
Slide 18: Bonanza Grade Intercepts at depth in Hole 46
RC Gold Project Bonanza Grade Intercepts at depth in Hole 46 DDRCCC-23-046 • 56.0 m of 1.23 g/t Au from 134.0, incl. • 6.2 m of 2.50 g/t Au from 141.2 m, and • 9.6 m of 2.81 g/t Au from 168.0 m And • 38.0 m of 4.15 g/t Au from 320.8 m, incl. • 4.3 m 33.10 g/t Au from 326.1 m, incl. • 1.2 m of 108.00
Slide 19: Eiger Deposit open for resource expansion
RC Gold Project Eiger Deposit open for resource expansion • Eiger Deposit focus of 2021 drilling resulting in initial resource estimate • Deposit open in all directions, resource expansion drilling plan in place • DDRCCC-21-09 intersected 354 m grading 0.41 g/t Au including 72.0 m grading 0.72 g/t A
Slide 20: Saddle Zone - Midway between Blackjack and Eiger
RC Gold Project Saddle Zone - Midway between Blackjack and Eiger Deposits • Relatively untested with significant gold mineralization identified, excellent potential for additional resources. • Strongest gold-in-soil geochemistry on project • DDRCCC-20-01 intersected 0.52 g/t Au over 84.8 m and DDRCC
Slide 21: Saddle-Eiger Drill Highlights
RC Gold Project Saddle-Eiger Drill Highlights Eiger Zone Saddle Zone Hole # From (metres) Interval (metres) Gold (g/t) Hole # From (metres) Interval (metres) Gold (g/t) 03 surface 304.0 0.36 01 surface 84.8 0.52 including 243.0 57.5 0.50 19 48.0 80.0 0.59 04 Surface 318.0 0.45 53 253.5 29.0 0.68 inc
Slide 22: Clear Creek Intrusive Complex Exploration
RC Gold Project – Clear Creek Intrusive Complex Exploration • Focused on the Clear Creek Intrusive Complex area where two new gold deposits have been announced in 2023 (Blackjack and Eiger) • Two drill holes completed in Saddle zone DDRCCC23-54 intersects 84.0m of 1.21 g/t Au • Two drill holes compl
Slide 23: Clear Creek Intrusive Complex Exploration 2023 Fieldwork
RC Gold Project – Clear Creek Intrusive Complex Exploration 2023 Fieldwork Preliminary Highlights • Extension of Saddle Intrusion to north and south. • Lamprophyre dikes mapped at northern end of Saddle intrusion and in central Eiger intrusion • Highly prospective zone of veining mapped in the Saddl
Slide 24: Regional Exploration Potential
RC Gold Project – Regional Exploration Potential • Nine prospective intrusions are exposed on the RC Gold Project • Barney Ridge, Mahtin, May-Qu and ALP all have significant potential for new discoveries. • Potential for undiscovered intrusions indicated by soil geochemistry exists in ALP area 24
Slide 25: RC Gold Project Drill Priorities
RC Gold Project Priority 1: Follow-up step-out drilling from Hole DDRCCC-23-047 planned for winter 2024 drill program focused on testing this higher grade gold system that is open to the south, east, west and to depth. Priority 2: Test drilling additional targets within the Northern Clear Creek Intr
Slide 26: Alpha Gold Property
ALPHA GOLD PROPERTY NEVADA A newly discovered large wide-open Carlin- type gold system with notable gold intercepts, from wide-spaced drilling. • 2023 – 1500 metre focused drill program – results pending • 2020 to 2022 - Four drill programs totaling 3,979 metres in 12-holes have advanced the project
Slide 27: Nevada Location
Alpha Gold Nevada Location • In the Carlin Gold Province with 20 M oz approx. 200 million ounces of gold 15 Moz discovered to date & 30 producing gold 15 Moz mines • 40 Km southwest of the Barrick/Newmont Cortez Mine Complex • An ideal erosional level preserves prime Late Devonian carbonates at the
Slide 28: Cortez Trend – Deposit Controls
Alpha Gold Cortez Trend – Deposit Controls Major Tier 1 deposits all associate with large-scale NNW to NW anticlines Gold mineralization follows specific regionally correlative stratigraphic host horizons Ore fluid movement and gold deposition is further enhanced by increased fracturing and breccia
Slide 29: Alpha Gold - Northwest Target
Alpha Gold - Northwest Target Drill Hole AG21-08 and AG22-10 Intersected “Carlin-style” alteration and 21.3 m of 1.21 g/t Au incl mineralization in the uppermost of several 1.5 m @ 4.62 g/t Au prospective gold-bearing host rock horizons 15.2 m of 0.46 g/t Au Overlying incl 1.5 m @ 1.24 g/t Au “cap r
Slide 30: Northwest Target from Concept to Discovery
Alpha Gold Northwest Target from Concept to Discovery • Previously unknown Alpha Gold NW Target Area stratigraphic information obtained from AG20-01 drilled Sitka Gold’s New Claim Block in the SE claim block provided better resolution on local structural trends. • AG21-02 and 21-03 drill holes succe
Slide 31: Claim Block & 2022 Drill Hole Locations
Alpha Gold Claim Block & 2022 Drill Hole Locations • 4-hole, 1375 metre drill program completed in 2022 • As the geological AG22-9 modelling improves, AG22-10 results from drilling continue to produce AG22-11 increasing gold values • The focus moving forward will be on continuing to vector towards t
Slide 32: Alpha Gold Area Drilling
Alpha Gold DH Max Au Alpha Area Drilling Drillhole gold is strongest where host rock horizons meet the anticline trend AG21-02 AG21-04 30-100m gold anomalies in anticline target area AG21-03 3-30m gold anomalies to AG21-05, 07, AG22-09 west AG21-08, AG22-10 Hole ID Interval m Au ppm As ppm Hg ppm Sb
Slide 33: A Highly Prospective Carlin-Type Gold Target Discovery
Alpha Gold A Highly Prospective Carlin-Type Gold Target Discovery Carlin-Type Deposits: • The Carlin district is the second-most prolific gold-producing area in the world, with more than 30 operating mines and a total production of more than 84 million ounces (2016) • Mega-deposits line up along Bat
Slide 34: Alpha Gold In Summary
Alpha Gold In Summary • 1500 metre focused drill hole program in 2023 – results pending • A peak gold value of 4.62 g/t Au was encountered in AG22-10 • Association of gold mineralization with steep dike structures indicates a vertical bias to fluid flow, along with lateral spread into host stratigra
Slide 35: Burro Creek Gold-Silver Deposit
BURRO CREEK GOLD-SILVER DEPOSIT ARIZONA Historical resource of: 5 million ounces silver 120,000 ounces gold • A massive, at surface, low sulphidation, epithermal Au-Ag vein system with a projected strike length of ~1.5 km • Only 10% of interpreted vein system drilled • Potential to significantly exp
Slide 36: Burro Creek Property Location
Burro Creek Property Location • Located in Mohave County, Arizona approx. 200 km northwest of Phoenix, Arizona • A very stable jurisdiction with a long history of mining success • Road accessible; just 1 mile off Hwy 93 36
Slide 37: Property Details
Burro Creek Property Details • Excellent access via gravel road, one mile west of Highway 93 and power lines. • Property consists of 2 patented mining claims, 2 patented mill site claims (patented claims include surface rights), and 35 mining claims. • The historical resource is located on patented
Slide 38: 2011 Historical Mineral Resource Estimate
Burro Creek 2011 Historical Mineral Resource Estimate 2011 HISTORICAL RESOURCE ESTIMATE RESOURCE Gold Silver Gold-Equivalent (Au Eq)* CATEGORY using 0.5 g/t Au Eq Tonnes (g/t) (oz/t) ozs (g/t) (oz/t) ozs (g/t) (oz/t) ozs cut-off grade INDICATED 2,331,871 1.01 0.032 75,567 36.77 1.18 2,756,778 1.63 0
Slide 39: 2008 Diamond Drill Program
Burro Creek 2008 Diamond Drill Program • Confirmed historical grades. • 33 drill holes for 2,565 m of drilling. • Led to first NI 43-101 resource estimate on the property (2011). Treated as historical in nature, as it was released by former operator. Bonanza Grade Intersections: Over 1 oz/t gold and
Slide 40: Historic Pit Design
Burro Creek Longitudinal Section of Historic Pit Design Burro Vein • Project was previously permitted for production in 1980s • Historical scoping study calculated attractive IRR of over 50% • Collapse in gold price curtailed production efforts at the time • Deposit is located on private patented mi
Slide 41: MMI Soil Survey
Burro Creek MMI Soil Survey • The MMI soil survey outlines a strong gold anomaly between the known Burro deposit and the Southern Block Vein. • This new target is postulated to mark the trace of the mineralized vein where it is not exposed. • Initial drilling (completed April 2020) has confirmed the
Slide 42: 2020 Diamond Drill Program Results
Burro Creek 2020 Diamond Drill Program Results • 10 drill holes and 1000m of drilling completed along first 250m south • Confirmed target as being southern extension of the Burro Vein • Significant Gold / Silver mineralization intercepts • Geological interpretation shows gold/silver zonation deeper
Slide 43: 2020 Diamond Drill Program Highlights
Burro Creek 2020 Diamond Drill Program Highlights • Drill hole BC19-56 intersects 41.08 m of 1.15 g/t gold and 51.30 g/t silver including: • 18.77 m of 2.20 g/t gold and 27.79 g/t silver • 1.07 m of 17.55 g/t gold and 33.00 g/t silver • Drill hole BC19-57 intersects 50.63 m of 1.10 g/t gold and 35.9
Slide 44: Coppermine River Property
Coppermine River Property NUNAVUT A large, under-explored district with the potential to host world-class stratiform sediment-hosted and volcanic-hosted copper deposits • Recently permitted for drilling • 50,500-hectare (125,000-acre) land package located near Kugluktuk, NU. • High grade samples run
Slide 45: Copper Leaf Showing
Coppermine River Copper Leaf Showing • New discovery made by Sitka during initial property reconnaissance • Sediment-hosted • Surface samples up to 13.45% copper and 65 g/t silver • Mineralization traced for over 2 km • Malachite and chalcocite mineralization • Examples of this deposit type: • KAMOA
Slide 46: Copper Leaf Showing
Coppermine River Copper Leaf Showing Gravity anomaly 46
Slide 47: WIN Copper Showing
Coppermine River WIN Copper Showing • Sample of massive chalcocite and malachite (volcanic-hosted copper) 41.54% Cu (sample R442005) • Example of this deposit type: • MT. ISA PROVINCE - Queensland, Australia 280.3 Million Tons @ 3.3% Cu (18.5 Billion Pounds of copper) 47
Slide 48: The Team
The Team OFFICERS AND BOARD OF DIRECTORS ADVISORY BOARD Dr. Craig Hart, PhD, FSEG, DGAC Corwin (Cor) Coe, B.Sc., P.Geo. – Chairman, Director & CEO An internationally recognized geoscientist who played a pivotal role in the development of 35+ years experience in the mining sector primarily in Arizona
Slide 49: Why Invest in Sitka Gold?
Why Invest in Sitka Gold? SIGNIFICANT UPSIDE POTENTIAL SITKA vs. OTHER JUNIOR MINING COMPANIES 900 Sitka is extremely undervalued compared to Yukon peers (approx. $53 million Market Cap) exploring for intrusion-related gold 720 Market Cap ($ Millions)* Well-financed with no debt (approx. $8.0 millio
Slide 50: Company Snapshot
Company Snapshot 1 YEAR CHART CSE: SIG OTCQB: SITKF FRE: 1RF December 2023 1.34 M oz Resource announced SHARE STRUCTURE (as at December 2023) Shares Outstanding 247,821,179 Warrants ($0.18 - $0.37) 101,593,339 Options 12,600,000 Fully Diluted 362,014,518 Market Cap at $0.205/sh ~$50 million 50
Slide 51: Company Snapshot – Warrants and Options
Company Snapshot SHARE PURCHASE WARRANTS (as at December 2023) STOCK OPTIONS (as at December 2023) Date Issued Number of Exercise Price ($) Expiry Date Number of stock Exercise Price Expiry Date Warrants options exercisable ($) December, 2021 9,032,339 0.23 December, 2023 750,000 0.12 June 15, 2024
Slide 52: Recap & Future Plans
Recap & Future Plans • 2023 – 6,515 metre drill program completed at RC Gold Project • Initial Mineral Resource Estimate of 1.34 million ounces gold announced January 15, 2023 in the 100% owned Blackjack and Eiger deposits. • Completed all requirements to obtain 100% ownership of the Clear Creek pro
Slide 53: Sitka Gold Corp
SITKA —» CORP