Intrusion-Related GOLD System with ROCK Samples Returning up to 31.7
NEWS
RELEASE
December
2,
2024
NR
24-29
www.sitkagoldcorp.com
SITKA
CONFIRMS
AND
EXTENDS
ANOTHER
REDUCED
INTRUSION-RELATED
GOLD
SYSTEM
WITH
ROCK
SAMPLES
RETURNING
UP
TO
31.7
G/T
GOLD
AT
ITS
FLAGSHIP
RC
GOLD
PROJECT
IN
YUKON
●
A
large
Reduced
Intrusion-Related
Gold
System
(RIRGS)
has
been
confirmed
and
extended
at
the
May-Qu
target
within
the
Mid-Cretaceous,
Tombstone
suite,
Bos
Stock.
●
This
RIRGS
system
is
22
km
from
the
Blackjack
deposit
area
within
the
contiguous
431
square
kilometre,
road
accessible
RC
Gold
property.
●
Surface
sampling
of
sheeted
quartz
veins
within
the
intrusion
returned
values
up
to
31.7
g/t
Au
,
and
extends
the
zone
of
sheeted
quartz
veins
to
over
400
m
wide.
●
Gold
mineralization
was
also
confirmed
at
the
Mahtin
RIRGS
target,
located
17
km
north
of
May-Qu
within
the
Sprague
Stock,
with
samples
returning
up
to
11.05
g/t
Au.
●
Prospecting,
mapping
and
soil
sampling
at
the
Alp
target
suggest
the
area
may
host
an
undiscovered,
buried
Tombstone
Suite
intrusion.
VANCOUVER,
CANADA
–
December
2,
2024:
Sitka
Gold
Corp.
(“Sitka”
or
the
“Company”)
(TSXV:SIG)
(FSE:1RF)
(OTCQB:SITKF)
is
pleased
to
announce
that
assays
from
surface
rock
samples
obtained
during
a
regional
sampling
program
have
returned
up
to
31.7
g/t
gold
at
the
May-Qu
target,
located
in
the
south-east
of
the
RC
Gold
Project
(“RC
Gold”
or
the
“Project”)
in
Yukon.
The
May-Qu
is
a
reduced
intrusion-related
gold
deposit
target
located
22
kms
east
of
the
Blackjack
Gold
Deposit.
Regional
sampling
also
returned
up
to
11.05
g/t
gold
at
the
Mahtin
target,
another
reduced
intrusion-related
gold
deposit
target
located
17
kilometres
north
of
May-Qu
(see
Figures
1,
2
and
4).
The
Company
is
currently
awaiting
assay
results
from
the
last
six
diamond
drill
holes
of
the
2024
exploration
program
at
RC
Gold
totalling
2,774
metres,
with
two
holes
from
the
Pukelman
target
and
four
holes
from
the
Blackjack
target
areas.
Figure
1.
A
map
of
the
RC
Property
showing
the
reduced
intrusion-related
gold
systems
at
May-Qu
and
confirmed
gold
mineralization
at
Mahtin.
Surface
exploration
results
at
the
Alp
target
area
suggest
an
undiscovered,
buried
Tombstone
Suite
intrusion
may
be
present.
“We
are
very
encouraged
by
the
significant
results
generated
from
our
systematic
regional
exploration
efforts
at
RC
Gold
this
season
which
culminated
in
the
identification
of
another
large
reduced
intrusion-related
gold
system
at
May-Qu
and
newly
defined
drill
targets
at
both
May-Qu
and
Mahtin,
located
on
the
eastern
portion
of
our
431
square
kilometres
claim
block
at
RC
Gold”,
commented
Cor
Coe,
CEO,
Director
and
Founder
of
Sitka.
“Results
from
surface
sampling
of
sheeted
quartz
veins
at
May-Qu
returned
strong
gold
values
of
up
to
31.7
g/t
gold
and
extended
this
zone
of
sheeted
quartz
veins
to
over
400
metres
wide,
further
highlighting
the
scale
and
fertility
of
this
district-scale
land
package.
While
our
focus
has
primarily
been
within
the
Clear
Creek
Intrusive
Complex
and
the
Blackjack
gold
deposit
area,
approximately
22
kilometres
to
the
northwest,
the
positive
results
of
this
regional
exploration
program
indicate
impressive,
widespread
gold
mineralization
is
present
across
this
largely-underexplored
property,
where
11
intrusions
with
associated
gold
mineralization
have
been
identified
to
date.
We
look
forward
to
additional
follow-up
at
these
targets
as
part
of
our
largest
ever
work
program
at
RC
Gold,
where
up
to
30,000
metres
of
diamond
drilling
are
planned
for
2025.”
The
rock
samples
were
collected
as
part
of
targeted
prospecting,
mapping,
and
soil
sampling
program
completed
during
the
2024
exploration
program
that
covered
prospective
geology
located
on
the
eastern
half
of
the
431
square
kilometre
contiguous
RC
Gold
property.
This
work
followed
up
on
a
significant
amount
of
historical
early
stage
exploration
work
completed
over
the
last
40
years,
including
4,177
line
kilometres
of
airborne
geophysical
surveying,
277
line
kilometres
of
LiDAR
surveying,
various
small
ground
geophysical
surveys
and
the
collection
of
18,180
soil
samples
and
limited
exploratory
drilling.
Most
of
the
historical
work
within
the
east
portion
of
the
Project
focused
on
skarn-style
mineralization
on
the
periphery
of
two
intrusions,
the
Sprague
Creek
and
Bos
stocks
(the
Mahtin
and
May-Qu
zones
respectively),
both
averaging
about
5
square
kilometres
in
size.
This
historical
work
returned
grab
rock
samples
containing
gold
values
ranging
from
detection
limit
up
to
9.2
g/t
gold,
but
less
attention
was
paid
to
the
significant
potential
for
reduced
intrusion-related
gold
mineralization
within
the
stocks
themselves.
Analysis
of
the
historical
data
by
the
Sitka
Gold
technical
team
has
resulted
in
the
identification
of
drill
targets
at
the
Mahtin
and
May-Qu
zones
as
well
as
at
least
16
other
highly
prospective
exploration
targets
to
follow
up
on
(see
Figure
1).
The
2024
exploration
work
on
the
eastern
Project
area
consisted
of
the
collection
of
845
soil
samples
from
two
separate
grids
(May-Qu
and
Alp)
and
the
collection
of
55
rock
samples
from
the
May-Qu,
Mahtin
and
Alp
target
areas
(see
Figures
1
-
5).
Overall,
individual
samples
ranged
from
trace
to
31.7
g/t
Au
with
7
of
the
55
samples
returning
values
over
1
g/t
gold.
Several
samples
from
the
target
areas
also
had
variably
enriched
silver
(up
to
585
g/t
Ag),
copper
(up
to
0.82%
Cu),
and/or
base
metal
values
(>1%
Pb
and/or
Zn).
May-Qu
This
summer,
geologic
mapping
and
prospecting
were
conducted
on
the
MayQu
target
area
with
a
primary
purpose
of
evaluating
the
Bos
Stock
for
the
potential
to
host
RIRG
style
mineralization
and
assess
areas
of
anomalous
gold
in
soils
on
the
western
margin
of
the
intrusion.
A
total
of
36
samples
were
collected
with
results
ranging
from
trace
to
31.7
g/t
gold
(see
Figure
2.);
the
most
significant
samples
were
collected
along
a
NE
trending
ridgeline
on
the
SE
margin
of
the
Bos
Stock.
Six
samples
over
a
480
metre
area
along
the
ridgeline
returned
0.372
–
31.7
g/t
Au
with
three
samples
returning
>1
g/t
gold.
The
mineralization
occurs
with
steeply
dipping
E-W
to
NNE
trending
zones
of
sheeted
quartz
veins
(see
Figure
3)
with
disseminated
pyrite
–
arsenopyrite
–
chalcopyrite
mineralization
within
a
granodiorite
intrusion,
and
is
associated
with
strongly
elevated
As,
Bi,
Cu,
&
Te.
Additional
zones
of
sheeted
veining
were
noted
approximately
1500
metres
north
and
within
/
adjacent
to
the
Bos
Stock
and
two
samples
returned
anomalous
values
of
1.08
and
0.94
g/t
gold.
Figure
2.
A
map
showing
the
location
of
2024
rock
samples
from
the
May-Qu
area
including
samples
up
to
31.7
g/t
Au.
Figure
3.
Images
from
the
May-Qu
target
at
the
Bos
Stock
showing
a)
sheeted
limonite+arsenopyrite
fractures/veinlets
(up
slope
from
sample
ST215311:
31.7
g/t
Au),
b)
sheeted
quartz+arsenopyrite
veins
(sample
ST215312:
6.23
g/t
Au),
c)
Sheeted
quartz-arsenopyrite
veins
and
limonite
coated
fractures
(up
slope
from
sample
ST215311:
31.7
g/t
Au),
d)
sheeted
quartz+arsenopyrite
veins
within
the
quartz
monzonite
of
the
Bos
Stock
(up
slope
from
sample
ST215311:
31.7
g/t
Au).
This
zone
of
sheeted
quartz
veins
has
now
been
extended
to
over
400
metres
in
width.
Mahtin
During
2024,
mapping
and
prospecting
were
conducted
on
the
Mahtin
target
area
with
a
primary
purpose
of
evaluating
the
Sprague
Stock
for
the
potential
to
host
RIRG
style
mineralization
and
assess
areas
of
anomalous
gold
in
soils
on
un/under
explored
portions
of
the
system.
A
total
of
12
samples
were
collected
and
returned
values
from
trace
to
11.05
g/t
gold
(see
Figure
4).
In
general,
alteration
and
mineralization
consisted
of
small
calc-silicate
skarn
occurrences
on
the
margins
of
the
intrusion
and
only
minor
zones
of
sheeted
quartz
veining
/
fracturing
were
noted
within
the
intrusion.
Two
samples
returned
anomalous
values.
One
consisted
of
a
subcrop
of
calc-silicate
skarn
with
disseminated
pyrite-chalcopyrite-arsenopyrite
that
returned
11.05
g/t
gold
,
and
the
second
was
from
a
boulder
with
iron-oxide
rich
fractures
and
a
4
cm
quartz
vein
in
granodiorite
that
returned
0.38
g/t
gold.
Figure
4.
A
map
showing
the
location
of
the
2024
rock
samples
from
the
Mahtin
area
including
samples
up
to
11.05
g/t
Au.
Alp
Target
Geologic
mapping
and
prospecting
were
conducted
in
the
Alp
target
area
during
2024
with
a
primary
purpose
of
assessing
areas
of
anomalous
gold
in
soils.
A
total
of
7
rock
samples
were
collected
and
returned
values
from
trace
to
0.13
g/t
Au.
A
total
of
298
grid
soil
samples
were
also
collected
in
the
area
to
infill
a
gap
within
the
historical
grid
(see
Figure
5).
Individual
soil
samples
returned
from
trace
to
148.2
ppb
Au
with
12
samples
returning
>30
ppb
Au.
The
gold
in
soils
is
coincident
with
strongly
anomalous
arsenic,
bismuth,
and
tellurium,
which
is
typical
of
intrusion-related
gold
systems,
and
forms
a
NW
trending
zone
over
850
m
in
length.
Analysis
of
this
soil
sampling,
coupled
with
geological
mapping
and
prospecting
results,
suggest
that
the
area
may
be
host
to
an
as
yet
undiscovered,
buried
Tombstone
Suite
intrusion.
Figure
5.
A
map
showing
the
location
and
results
of
2024
rock
and
soil
samples
from
the
Alp
target
area.
Analysis
of
the
soil
sampling,
coupled
with
geological
mapping
and
prospecting
results,
suggest
that
the
area
may
be
host
to
an
as
yet
undiscovered,
buried
Tombstone
Suite
intrusion.
Quality
Assurance
/
Quality
Control
Soil
samples
were
prepared
at
Bureau
Veritas
preparation
facility
in
Whitehorse
using
the
SS80
preparation
method.
Prepared
samples
were
shipped
to
the
Bureau
Veritas
facility
in
Vancouver
and
analyzed
by
the
AQ201+U
method.
Rock
samples
were
prepared
at
the
ALS
Global
analytical
facility
in
Whitehorse
analyzed
using
the
PREP31
method.
Prepared
material
was
shipped
to
the
ALS
facility
in
North
Vancouver
and
analyzed
by
the
ME-ICP41
and
the
Au-ICP22
methods.
Rock
samples
were
"Grab
Samples"
and
thus
do
not
imply
any
thickness
or
areal
extent
of
mineralization.
Both
Bureau
Veritas
and
ALS
Global
are
ISO
17025:2005
certified
facilities
that
employ
rigorous
internal
QA-QC
procedures.
About
the
flagship
RC
Gold
Project
The
RC
Gold
Project
consists
of
a
431
square
kilometre
contiguous
district-scale
land
package
located
in
the
heart
of
Yukon's
Tombstone
Gold
Belt.
The
project
is
located
approximately
100
kilometres
east
of
Dawson
City,
which
has
a
5,000
foot
paved
runway,
and
is
accessed
via
a
secondary
gravel
road
from
the
Klondike
Highway
which
is
usable
year-round
and
is
an
approximate
2
hour
drive
from
Dawson
City.
It
is
the
largest
consolidated
land
package
strategically
positioned
mid-way
between
the
Eagle
Gold
Mine
and
the
past
producing
Brewery
Creek
Gold
Mine.
On
January
19,
2023
Sitka
Gold
announced
an
Initial
Mineral
Resource
Estimate
prepared
in
accordance
with
National
Instrument
43-101
(“NI
43-101”)
guidelines
for
the
RC
Gold
Property
of
1,340,000
ounces
of
gold
(1)
.
The
road
accessible,
pit
constrained
Mineral
Resource
is
classified
as
inferred
and
is
contained
in
two
zones:
The
Blackjack
and
Eiger
deposits
with
900,000
ounces
of
gold
grading
0.83
g/t
and
440,000
ounces
of
gold
grading
0.68
g/t
respectively.
Both
of
these
deposits
are
at/near
surface,
are
potentially
open
pit
minable
and
amenable
to
heap
leaching,
with
initial
bottle
roll
tests
indicating
that
the
gold
is
not
refractory
and
has
high
gold
recoveries
of
up
to
94%
with
minimal
NaCN
consumption
(see
News
Release
July
13,
2022).
The
Mineral
Resource
estimate
is
presented
in
the
following
table
at
a
base
case
cut-off
grade
of
0.25
g/t
Au:
RC
Gold
Inferred
Mineral
Resource
Estimate
COG g/t Au
Blackjack Zone Eiger Zone CombinedTonnes000's
Au g/t
0z Au000's
Tonnes000's
Au g/t
0z Au000's
Tonnes000's
Au g/t
0z Au000's0.20 35,798 0.80 921 32,523 0.45 471 68,321 0.63 1,3910.25 33,743 0.83 900 27,362 0.50 440 61,105 0.68 1,3400.30 31,282 0.88 885 22,253 0.55 393 53,535 0.74 1,2790.35 29,065 0.92 860 17,817 0.60 344 46,882 0.80 1,2030.40 26,975 0.96 833 14,506 0.66 308 41,481 0.86 1,140
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
Definition
Standards.
2.
The
cut-off
grade
of
0.25
g/t
Au
is
believed
to
provide
a
reasonable
margin
over
operating
and
sustaining
costs
for
open-pit
mining
and
processing
3.
Mineral
resources
are
constrained
by
an
optimised
pit
shell
using
the
following
assumptions:
US$1800/oz
Au
price;
a
45°
pit
slope;
assumed
metallurgical
recovery
of
85%;
mining
costs
of
US$2.00
per
tonne;
processing
costs
of
US$8.00
per
tonne;
G&A
of
US$1.50/t.
4.
Mineral
resources
are
not
mineral
reserves
and
do
not
have
demonstrated
economic
viability.
5.
Totals
may
not
sum
due
to
rounding.