Drilling Begins at Adobe
Sitka Gold Corp.
1500 - 409 Granville Street
Vancouver, BC, V6C 1T2
NEWS RELEASE
CSE: SIG
May 1st, 2018
NR 18-08
www.sitkagoldcorp.com
Drilling Begins at Adobe
VANCOUVER, CANADA – May 1st, 2018: Sitka Gold Corp. (CSE: SIG) (the “Company” or
“Sitka”) is pleased to announce that drilling has commenced on its Adobe Gold Property (the
“Property” or “Adobe”) located 40 kilometres north of Elko, Nevada. The Company is targeting
Carlin-type gold mineralization in the Adobe Range in three separate target areas on the
Property where prospective host rocks are upwarped at depth with pathfinder element (Au, As,
Hg, Tl) anomalies defined in overlying rocks and soil. The drilling is designed to test the
Mississippian Tripon Pass Formation and its contact with the underlying Guilmette Formation ,
which host the bulk of mineralization found on the south Carlin trend.
A recently completed Induced Polarization (IP) survey has identified chargeability anomalies,
potentially representing mineralization within parts of the upwarped host stratigraphy below the
previously defined Carlin-type pathfinder element anomalies. Approximately 10 kilometres of IP
was conducted in advance of drilling and has refined the location of several drill targets.
Additionally, a zone of high Lithium values, obtained from a previous geochemical survey, was
found to coincide with an altered dyke swarm, peripheral to the primary drill targets. Published
geochemical studies from an existing Carlin-type deposit in China indicate that lithium was
flushed from the core of the deposit and concentrated above and peripheral to it, making lithium
a potentially useful new pathfinder element. Dykes are also a notable feature of many Carlin-
type gold deposits. These associations led Sitka personnel to stake an additional 14 claims to
cover this anomaly.
Sitka plans to drill up to 3000 metres in 6 holes with a Reverse Circulation (RC) drill rig. The
drilling will be carried out in stages to allow suffic ient time for assays to be completed.
Anticipated depths of the drill holes are expected to be between 300 and 500 metres.
Cor Coe, Director and CEO of Sitka, comments: “The start of the drill program at Adobe is an
exciting milestone for Sitka. The recently completed IP survey has been successful in identifying
chargeability anomalies, potentially representing mineralization within the target areas. We are
looking forward to the results of these initial drill holes, the first drilling ever to be conducted at
Adobe”.
About Adobe Gold
The Adobe Gold Property, located in northern Nevada, is a newly assembled land package
totaling approximately 1,366 hectares (3,374 acres) in size that hosts a previously unrecognized
Carlin-Type gold play. Geological mapping at Adobe has revealed intersecting folds and good
structural preparation within favourable stratigraphy, key features that are found at most of the
gold mines in the Carlin district. Geochemical surveys have also revealed anomalies of gold,
mercury, arsenic, and thallium, which are common pathfinder elements for Carlin-type gold
mineralization. Compilation and interpretation of the data have identified structurally-controlled
areas where anomalous pathfinder minerals and gold assay results have defined three target
areas to be drill tested. There has been no previous drilling done on the Adobe Gold Property.
The technical content of this news release has been reviewed and approved by Donald Penner,
P.Geo., Director and President for the Company, and a qualified person as defined by National
Instrument 43-101.
About Sitka Gold Corp.
Sitka Gold Corp. is a mineral exploration company headquartered in Canada and managed by a
team of experienced mining industry professionals. The Company is focused on exploring for
economically viable mineral deposits with its primary emphasis on gold and copper mineral
properties of merit. Sitka currently has an option to acquire a 100% interest in the Adobe Gold
Property in Nevada and owns a 100% interest in its Coppermine River Project in Nunavut and
the Alpha Gold Property in Nevada. The Company recently completed an initial public offering
(IPO), raised the maximum $1.2 million allowed under its prospectus and is fully financed to
complete the aforementioned exploration program.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
“Donald Penner”
President and Director
For more information contact:
Donald Penner
President & Director
or
Cor Coe
CEO & Director
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
Certain statements included herein may constitute “forward-looking statements”. All statements
included in this press release that address future events, conditions or results, including in
connection with exploration activity, future acquisitions and any financing, are forward-looking
statements. These forward-looking statements can be identified by the use of words such as
“may”, “must”, “plan”, “believe”, “expect”, “estimate”, “think”, “continue”, “should”, “will”, “could”,
“intend”, “anticipate” or “future” or the negative forms thereof or similar variations. These
forward-looking statements are based on certain assumptions and analyses made by
management in light of their experiences and their perception of historical trends, current
conditions and expected future developments, as well as other factors they believe are
appropriate in the circumstances. These statements are subject to risks, uncertainties and
assumptions, including those mentioned in the Company’s continuous disclosure documents,
which can be found under its profile on SEDAR (www.sedar.com). Many of such risks and
uncertainties are outside the control of the Company and could cause actual results to differ
materially from those expressed or implied by such forward-looking statements. In making such
forward-looking statements, management has relied upon a number of material factors and
assumptions, on the basis of currently available information, for which there is no insurance that
such information will prove accurate. All forward-looking statements are expressly qualified in
their entirety by the cautionary statements set forth above. The Company is under no obligation,
and expressly disclaims any intention or obligation, to update or revise any forward -looking
statements, whether as a result of ne w information, future events or otherwise, except as
expressly required by applicable law.