Sitka Gold Corp. · TSXV:SIG
Sitka Gold — Investor Presentation (October 2024)
62 slides from Sitka Gold's investor presentation, October 2024
Slide 1: Sitka Gold Corp. October 2024
TSX-V: SIG OTCQB : SITKF FSE: 1RF OCTOBER 2024 1
Slide 2: Forward Looking Statements
Forward Looking Statements 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: Directors & Advisors
Directors & Advisors BOARD OF DIRECTORS ADVISORY BOARD Corwin (Cor) Coe, B.Sc., P.Geo. – Chairman, Director & CEO Dr. Craig Hart, PhD, FSEG, FGAC – Independent Chair, Snowline Gold 35+ years experience in the mining sector primarily in Arizona, Nevada and Yukon; has put 2 mines into An international
Slide 4: The Team
The Team TSV-V: SIG \ OTCQB: SITKF | FSE: 1RF 4
Slide 5: Company Snapshot
Company Snapshot 1 YEAR CHART TSX-V: SIG OTCQB: SITKF FRA: 1RF as at October 7th, 2024 SHARE OWNERSHIP SHARE STRUCTURE as at October 7th, 2024 Shares Outstanding 318,931,217 Warrants ($0.15 - $0.37) 62,592,017 Options 17,000,000 Fully Diluted 398,523,234 Market Cap at $0.39/share ~$124 million ANALY
Slide 6: 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 – (Flagsh
Slide 7: RC Gold Project - Yukon
RC GOLD PROJECT - YUKON Under-explored, 423 km2, intrusion- related gold project in the heart of Yukon’s Tintina Gold Belt • Road accessible, district-scale land package 100km east of Dawson City. • New property acquisition from Victoria Gold completes amalgamation of contiguous district-scale gold
Slide 8: 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 9: RC Gold Project Emerging New Road Accessible Gold District
RC Gold Project Gold Endowment in District has increased Emerging New Road Accessible Gold District by 11.03 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 10: RC Gold Project
RC Gold Project Ø Resource based on 11,630 m of drilling in 34 holes Ø Additional 16 holes totalling 6,515 m completed in 2023 Ø 17-holes totalling 7,663 m completed to date in 2024 Ø As of Oct. 7/24 14,178 m drilled since announcing initial resource on January 19th, 2023. 10
Slide 11: Blackjack Deposit Resource Expansion
RC Gold Project Blackjack Deposit Resource Expansion • Initial Blackjack Resource based on drilling from 2020 to 2022 22-holes totaling 7,492 metres • 2023 - 16-holes totalling 6,515 metres completed in a two-phase winter and summer drill program. • 2024 – 17-holes totalling 7,663 metres completed t
Slide 12: RC Gold Project – 2023 – 2024 Resource Expansion Drilling
RC Gold Project – 2023 – 2024 Resource Expansion Drilling 12
Slide 13: RC Gold Project – 2023 – 2024 Resource Expansion Drilling
RC Gold Project – 2023 – 2024 Resource Expansion Drilling 13
Slide 14: Blackjack Deposit Drill +100g-m Highlights
RC Gold Project – Blackjack Deposit Drill +100g-m Highlights Drill Holes included in Initial Resource Estimate Drill Holes not included in Initial Resource Estimate Hole # From Interval (metres) Gold (g/t) Gram-metre (g-m) Hole # From Interval Gold (g/t) Gram-metre (g- (metres) (metres) (metres) m)
Slide 15: 2024 Current Drilling
2024 Current Drilling Drill Hole 68 is the deepest hole drilled on the Blackjack zone to date. The hole intersected over 40 occurrences of visible gold from 4.5m to 680m depth. 15
Slide 16: Consolidated RC Gold Project
RC Gold Project – Consolidated RC Gold Project Acquisition of Clear Creek Project Completes Amalgamation of Clear Creek Gold District 16
Slide 17: Rhosgobel Initial Drill Hole
RC Gold Project – Rhosgobel Initial Drill Hole 9.2m @ 1.22 g/t gold 13.7m @ 0.93 g/t gold 50.3m @ 1.07 g/t gold 4.5m @ 1.17 g/t gold 9.1m @ 0.88 g/t gold 67.1m @ 1.03 g/t gold 1.5m @ 1.44 g/t gold 1.6m @ 1.74 g/t gold 19.8m @ 0.83 g/t gold 6.1m @ 1.31 g/t gold 24.4m @ 0.68 g/t gold 7.6m @ 0.59 g/t g
Slide 18: Rhosgobel Initial Drill Hole
RC Gold Project – Rhosgobel Initial Drill Hole 18
Slide 19: Consolidated RC Gold Project
RC Gold Project – Consolidated RC Gold Project Adds four high-priority targets for intrusion related gold deposits: v Bear Paw Breccia 1.87 g/t Au over 42.6 m v Contact Zone 20.46 g/t Au over 10.7 m v Rhosgobel Stock 1.03 g/t Au over 67.1 m v Pukelman Stock 1.20 g/t Au over 10.0 m 19
Slide 20: Additional Exploration Targeting
RC Gold Project – Additional Exploration Targeting Property acquisition adds significant potential for discovery of additional zones of mineralization • Newly identified mineralized corridor from Blackjack gold deposit projects over 5 kms through intrusions located on the newly acquired property • P
Slide 21: 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. • Twelve under-explored Tombstone-age intrusive bodies exist within the project area. • Maiden diamond drill progr
Slide 22: 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 23: 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 24: Blackjack, Saddle, Eiger 2020-2023 Drill Holes
RC Gold Project – Blackjack, Saddle, Eiger 2020-2023 Drill Holes OPEN OPEN 24
Slide 25: 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 26: Latest Results – Hole 62
Latest Results — hole 62 7 ; = B re ze : Mi oe ee i oti if of 6G i i: f as | Sera from. ae sro | > DDRCCC-24-062, <3 i s caalll =e Ch. \ =o | oom von 4 | 00m exo | a mo DDRCCC-24-062 290.5 m of 1.10 g/t Au from 236.0 m including: 90.0 m of 1.35 g/t Au from 281.0 m and, = 105.0 m of 1.68 g/t Au from
Slide 27: Consolidated: Four High-Priority Targets
RC Gold Project – Consolidated RC Gold Project Adds four high-priority targets for intrusion related gold deposits • Rhosgobel Stock - 1.03 g/t Au over 67.1 m • Contact Zone - 20.46 g/t Au over 10.7 m • Bear Paw Breccia - 1.87 g/t Au over 42.6 m • Pukelman Stock - 1.20 g/t Au over 10.0 m 27
Slide 28: 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 29: 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 30: 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 31: 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 32: 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 33: 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 34: 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 gold • Two drill holes com
Slide 35: 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 36: Regional Exploration Potential
RC Gold Project – Regional Exploration Potential • Twelve 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 36
Slide 37: RC Gold Project Drilling Priorities
RC Gold Project Priority 1: Follow-up step-out drilling from Hole DDRCCC-23-047 for 15,000 m 2024 diamond drill program currently underway. 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 Nor
Slide 38: Alpha Gold Property, Nevada
ALPHA GOLD PROPERTY NEVADA A newly discovered large wide-open Carlin- type gold system with notable gold intercepts, from wide-spaced drilling. • 2023 – 4 holes drilled totaling 1,027 m • 2020 to 2022 - Four drill programs totaling 3,979 metres in 12-holes have advanced the project from a geological
Slide 39: 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 40: Alpha Gold 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 41: 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 42: 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 43: Alpha Gold 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 44: 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 45: 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 46: Alpha Gold In Summary
Alpha Gold In Summary • 2023 – 4 holes drilled totaling 1,027 m • 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 stratigraphy • Deeper drilling to
Slide 47: 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 48: 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 48
Slide 49: Burro Creek Property Details
Burro Creek Property Details • Excellent access via gravel road, one mile west of Highway 93 and power lines. • Permitted for Phase 2 Drilling • Property consists of 2 patented mining claims, 2 patented mill site claims (patented claims include surface rights), and 35 mining claims. • The historical
Slide 50: Burro Creek 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 51: Burro Creek 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 52: 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 53: 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 54: Burro Creek 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 55: 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 56: 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 57: Coppermine River Location Map
Coppermine River Location map for the Coppermine River Project. The project is located 60 km south of Kugluktuk. 57
Slide 58: 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 59: Copper Leaf Showing: Gravity Anomaly
Coppermine River Copper Leaf Showing Gravity anomaly 59
Slide 60: 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) 60
Slide 61: Recap & Future Plans
Recap & Future Plans • 2024 15,000 m Diamond Drill Program currently underway at RC Gold Project in Yukon. • Initial Mineral Resource Estimate of 1.34 million ounces gold announced January 15, 2023 in Blackjack and Eiger deposits. • Recent Clear Creek acquisition completes amalgamation of 100% owned
Slide 62: Contact
TSX-V: SIG | OTCQB: SITKF | FSE: 1RF EMAIL: info@sitkagoldcorp.com WEBSITE: www.sitkagoldcorp.com PHONE: 604-979-0509 ADDRESS: 1500-409 Granville Street, Vancouver BC, V6C 1T2 62