Sitka Gold Corp. (“Sitka” or the “Company”) (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce the results of drill holes DDRCCC-23-048 through DDRCCC-23-054 (“Holes 048 to 054”), the 8th to 14th holes completed during the 2023 diamond drilling program at the Company’s 376 square kilometre, road accessible RC Gold Project (“RC Gold” or the “Project”) located in Yukon’s Tombstone Gold Belt (“TGB”), approximately 100 kilometres east of Dawson City (see Table 1). Analytical results for an additional 2 diamond drill holes completed at RC Gold are pending.
Gold assay highlights from this release:
- 84.0 m of 1.21 g/t Au from surface including
- 4.0 m of 5.12 g/t Au and;
- 51.1 m of 1.52 g/t Au
- 58.1 m of 0.72 g/t Au including:
- 21.6 m of 1.22 g/t Au including;
- 6.2 m of 2.85 g/t Au
- 29.0 m of 0.68 g/t Au and;
- 3.9 m of 4.76 g/t Au
- 32.0 m of 0.59 g/t Au including;
- 6.2 m of 2.85 g/t Au
- 48.0 m of 0.51 g/t Au including;
- 29.9 m of 0.73 g/t Au
“The results from these latest drill holes have significantly expanded the known gold mineralization with the capacity to add considerable ounces at our Blackjack gold deposit, which remains open in all directions, while also highlighting the potential of the Saddle zone to host a substantial new gold deposit“, stated Cor Coe, P.Geo., CEO and Director of Sitka. “While we are very pleased to see the continued expansion potential confirmed with several step out holes at our Blackjack deposit, Hole 54 is particularly noteworthy as it was collared at the western edge of the Saddle zone, 450 metres east of the Blackjack resource boundary, and returned the best drill result to date there with 84.0 m of 1.21 g/t gold beginning at surface. With only a handful of drill holes completed, the Saddle zone remains open in all directions and is underlain by both the largest and the highest grade gold-in-soil anomaly on the project (see Figure 2). Considering the large surface footprint of the underlying geochem at Saddle and the fact that we have only completed drill holes on the fringe of this zone, with the strongest part of this anomaly, extending 625 metres east of Hole 54, yet to be drill tested, the future prospects for expansion of the Saddle zone towards a major new gold deposit look very promising.
“In addition, Hole 54 has highlighted the exceptional continuity of gold mineralization across this large Intrusion Related Gold System. The Saddle zone remains open 450 m west toward the Blackjack deposit and 1 km east toward the Eiger deposit and there has been next to no drilling yet between these zones. Given its location, the results from Hole 54 have reinforced our belief that gold mineralization present within the 3 km x 5 km Clear Creek Intrusive Complex could be linked together with additional drilling. By most metrics we have really just begun to scratch the surface at RC Gold and, as Hole 54 has shown us, there is still plenty to discover as we continue to develop this exciting gold project.”