News release
NEWS RELEASE
April 22, 2025
NR 25-10
www.sitkagoldcorp.com
SITKA GOLD INTERSECTS 108.9 METRES OF 3.27
G/T GOLD INCLUDING 45.0 METRES OF 4.52 G/T
GOLD WITHIN 352.8 METRES OF 1.55 G/T GOLD AT
ITS RC GOLD PROJECT, YUKON
● DDRCC-25-075 (“Hole 75”) delivers best high-grade intercept drilled to date at
Blackjack with 352.8 m of 1.55 g/t gold including 108.9 m of 3.27 g/t gold and 45.0 m
of 4.52 g/t gold
● Hole 75 is the first diamond drill hole to be completed as part of a fully funded 30,000 m
drilling program planned at RC Gold for 2025
● Results from Hole 75 extend the high-grade gold zone discovered late last year in
Hole 68
● Assay results from Hole 75 showcase the persistence and continuity of this higher-grade
gold zone (see Table 3) with grades that appear to be increasing with depth
● These results further endorse a potential underground mining scenario below
Blackjack’s existing pit-constrained mineral resources of 1.29 Moz grading 1.01 g/t gold
indicated and 1.04 Moz grading 0.94 g/t gold inferred
● Assays are currently pending for DDRCCC-25-076 (“Hole 76”) which was drilled to a
hole depth of 810.8 m, the deepest hole drilled to date at Blackjack, and had over 60
instances of visible gold observed in the drill core (see Figures 1 and 7).
VANCOUVER, CANADA – April 22, 2025: Sitka Gold Corp. (“Sitka” or the “Company”)
(TSX-V:SIG) (FSE:1RF) (OTCQB:SITKF) is pleased to announce recently received assay
results from its ongoing 2025 diamond drilling campaign at its road accessible RC Gold Project
(“RC Gold” or the “Project”) located approximately 100 km east of Dawson City in Yukon’s
prolific Tombstone Gold Belt. Results from DDRCCC-25-075 (“Hole 75”) returned 352.8 metres
of 1.55 g/t gold, including 108.9 metres of 3.27 g/t gold and 45.0 metres of 4.52 g/t gold.
Hole 75, which had over 130 instances of visible gold observed during logging of the drill core,
was the first of two diamond drill holes completed at RC Gold during this year’s winter drilling
campaign. DDRCCC-25-076 (“Hole 76”), the second drill hole completed this winter, was drilled
to a depth of 810.8 metres, the deepest hole ever drilled at Blackjack, for a total of 1,526.8
metres of diamond drilling completed during the winter drilling campaign. Assays are currently
pending for Hole 76 where over 60 instances of visible gold were observed (see Figures 1 and
7).
Table 1: Highlights from most recent assay results
Hole ID
From (m)
DDRCCC-25-075
including
including
and
341.5
501.4
501.4
539.4
To (m)
694.3
610.3
513.0
584.4
Interval (m)*
Gold (g/t)
352.8
108.9
11.6
45.0
1.55
3.27
4.44
4.52
*Intervals are drilled core length as insufficient drilling has been completed at this time to calculate true widths.
“2025 is off to an excellent start with the first drill hole of the year producing some of the best
gold intercepts encountered to date at our RC Gold project,” commented Cor Coe, Director and
CEO of Sitka Gold. “Initial observations of Hole 75, including numerous instances of visible gold,
indicated that we had drilled through an area of strong gold mineralization and this has now
been confirmed by these assay results. Hole 75 continues to highlight the quality of the gold
system present at the Blackjack deposit while greatly expanding the higher-grade gold zone
discovered at depth late last year in Hole 68 which remains open both laterally and to depth.
The increasing gold values we are seeing at depth appear to have the grades and continuity
required for a possible underground extraction scenario below the current pit constrained
resources at Blackjack and suggest that we could be getting closer to the source of the
Blackjack gold deposit as we drill deeper into the system.
“These results build on our previous success at Blackjack and show that we have really just
started to unlock the potential of this large, contiguous 431 square kilometre gold district where
11 intrusions have been identified on surface to date, all of which have associated intrusion
related gold mineralization present and are considered high-priority targets for future
exploration. The fact that we have been able to produce a pit-constrained mineral resource
estimate of 1.3 million ounces of indicated gold at 1.01 g/t gold and 1.0 million ounces of
inferred gold at 0.94 g/t gold at the Blackjack deposit with just 18,799 metres of drilling
underscores the potential of the additional 30,000 metres of drilling planned at RC Gold for this
year. We are now waiting on the results from hole 76, which again produced multiple instances
of visible gold and extended the vertical depth of mineralization at the Blackjack zone to over
700 metres from surface, being the deepest drill hole completed to date at the RC Gold project.
2025 is shaping up as an exciting and pivotal year for Sitka as we push to continue creating
shareholder value by rapidly advancing our flagship RC Gold project.”
Figure 1: Cross Section for holes DDRCCC-25-075 and DDRCCC-25-076. Hole 75 is
approximately a 70 metre step-out from Hole 68 which intersected 93.0 m of 2.57 g/t gold
near the bottom of the hole.
Figure 2: Plan map of drilling at the Blackjack Deposit showing the location of holes
DDRCCC-25-075 (this release), -076 as well as DDRCCC-24-068.
Figure 3: The Clear Creek Intrusive Complex in the western portion of the RC Gold
Project is a cluster of intrusions all with known gold mineralization and numerous
current drill target areas highlighted by the magenta hatched areas.
Figure 4: Longitudinal section of completed drill holes at the Blackjack Zone.
Higher-grade mineralization is defined in a southeast plunging mineralized corridor with
gold grades increasing at depth, as observed with the increasing prevalence of
higher-grade gold results in recently completed drill core (purple colour), and suggests
that drilling is vectoring towards the source of this gold system. The pit-constrained
mineral resource shell from the 2023 MRE is shown in orange with the added resources
from the updated MRE published earlier this year shown in yellow (see news release
dated February 26, 2025).
Figure 5: Examples of drill core from the interval beginning at 539.4 m which contains
45.0 m of 4.52 g/t gold that shows strongly altered and variably textured quartz
monzonite. Pink flagging tape marks veins where occurrences of visible gold were noted
by Sitka’s geological crew.
Figure 6: Examples of instances of visible gold observed throughout hole
DDRCCC-25-075. Visible gold is found in sheeted quartz veins and is often associated
with bismuthinite, scheelite, and arsenopyrite. Additional images of visible gold observed
in Hole 75 can be viewed HERE.
Table 2 - Summary of significant drill hole assays from this release
Hole ID
From (m)
DDRCCC-25-075
To (m)
Length (m)
Gold (g/t)
116.3
123.0
6.7
2.21
including
116.3
117.3
1.0
12.05
and
341.5
694.3
352.8
1.55
including
469.5
470.5
1.0
8.22
including
407.0
694.3
287.3
1.80
including
486.5
487.6
1.1
7.99
including
409.5
694.3
284.8
1.82
including
409.5
610.3
200.7
2.35
including
501.4
610.3
108.9
3.27
including
501.4
513.0
11.6
4.44
including
504.4
505.4
1.0
8.73
including
539.4
584.4
45.0
4.52
including
556.4
558.0
1.6
9.71
including
648.9
694.3
45.4
0.92
*Intervals are drilled core length as insufficient drilling has been completed at this time to calculate true widths.
DDRCCC-25-075
Drill hole DDRCCC-25-075 was drilled to a length of 715.97 metres at an azimuth of 037o and a
dip of -65o to step out from the high-grade mineralization that returned 93.0 metres of 2.57 g/t
gold starting at 589.5 metres in Hole 68 last year and extended gold mineralization at depth
approximately 70 metres to the northeast of Hole 68. This drill hole intersected several broad
zones of feldspar megacrystic, quartz monzonite cross cutting hornfels biotite schist of the
Yuzesyu Formation. These intrusions, and locally the metasediments, are cut by abundant 1-2
centimetre sheeted quartz veins with centimetre scale quartz sericite alteration halos. A
significant zone of strongly altered, variable textured quartz monzonite was intersected from
~350 m to 620 metres. Over 130 instances of visible gold were observed in sheeted quartz
veins, often associated with bismuthinite, scheelite, and arsenopyrite throughout the interval,
consistent with observations of mineral associations in all previous drilling.
Table 3 - Individual assay intervals for the composite 45 metres of 4.52 g/t gold in Hole 75
which demonstrate the continuous and persistent high-grade gold mineralization at
depth
From
Length Gold
From
Length Gold
Hole ID
(m) To (m) (m)
(g/t)
Hole ID
(m)
To (m)
(m)
(g/t)
DDRCCC-25-075
539.4 540.7
1.3
3.85
DDRCCC-25-075
562.7
564.0
1.3
4.77
DDRCCC-25-075
540.7 542.4
1.7
7.07
DDRCCC-25-075
564.0
565.3
1.3
4.03
DDRCCC-25-075
542.4 544.0
1.7
3.91
DDRCCC-25-075
565.3
566.4
1.1
2.05
DDRCCC-25-075
544.0 545.4
1.4
3.42
DDRCCC-25-075
566.4
567.8
1.4
7.68
DDRCCC-25-075
545.4 547.0
1.6
3.68
DDRCCC-25-075
567.8
569.3
1.5
10.8
DDRCCC-25-075
547.0 548.5
1.5
1.8
DDRCCC-25-075
569.3
570.7
1.5
3.02
DDRCCC-25-075
548.5 550.0
1.5
2.66
DDRCCC-25-075
570.7
572.0
1.3
4.31
DDRCCC-25-075
550.0 551.5
1.5
4.56
DDRCCC-25-075
572.0
573.5
1.5
5.97
DDRCCC-25-075
551.5 553.0
1.5
1.33
DDRCCC-25-075
573.5
575.5
2.0
3.73
DDRCCC-25-075
553.0 554.5
1.5
4.67
DDRCCC-25-075
575.5
577.0
1.5
4.99
DDRCCC-25-075
554.5 556.4
1.9
3.69
DDRCCC-25-075
577.0
578.7
1.7
2.78
DDRCCC-25-075
556.4 558.0
1.6
9.71
DDRCCC-25-075
578.7
580.5
1.8
3.18
DDRCCC-25-075
558.0 559.9
1.9
6.23
DDRCCC-25-075
580.5
582.3
1.7
2.25
DDRCCC-25-075
559.9 561.3
1.5
6.78
DDRCCC-25-075
582.3
584.4
2.1
3.47
DDRCCC-25-075
561.3 562.7
1.4
5.18
*Intervals are drilled core length as insufficient drilling has been completed at this time to calculate true widths.
Figure
7:
Examples
of
instances
of
visible
gold
observed
throughout
hole
DDRCCC-25-076. Visible gold is found in sheeted quartz veins and is often associated
with bismuthinite, scheelite, and arsenopyrite. Additional images of visible gold observed
in Hole 76 can be viewed HERE.
Quality Assurance/Quality Control
On receipt from the drill site, the HTW/NTW-sized drill core was systematically logged for
geological attributes, photographed and sampled at Sitka’s core logging facility. Sample lengths
as small as 0.3 m were used to isolate features of interest, otherwise a default 2 m downhole
sample length was used. Each sample is identified by a unique sample tag number which is
placed in the bag containing the core to be assayed. Core was cut in half lengthwise along a
predetermined line, with one-half (same half, consistently) collected for analysis and one-half
stored as a record. Standard reference materials, blanks and duplicate samples were inserted
by Sitka personnel at regular intervals into the sample stream. Bagged samples were placed in
secure bins to ensure integrity during transport. They were delivered by Sitka personnel or a
contract expeditor to ALS Laboratories’ preparatory facility in Whitehorse, Yukon, with analyses
completed in North Vancouver.
ALS is accredited to ISO 17025:2005 UKAS ref. 4028 for its laboratory analysis. Samples were
crushed by ALS to over 70 per cent passing below two millimetres and split using a riffle splitter.
One-thousand-gram splits were pulverized to over 85 per cent passing below 75 microns. Gold
determinations are by fire assay with an inductively coupled plasma mass spectroscopy
(ICP-AES) finish on 50 g subsamples of the prepared pulp (ALS code: Au-ICP-22). Any sample
returning over 10 g/t gold was re-analyzed by fire assay with a gravimetric finish on a 50 g
subsample (ALS code: Au-GRA21). In addition, a 51-element analysis was performed on a 0.5
g subsample of the prepared pulps by an aqua regia digestion followed by an inductively
coupled plasma mass spectroscopy (ICP-MS) finish (ALS code: ME-MS41).
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.
The RC Gold Project now has pit-constrained mineral resources that are contained in two
zones: the Blackjack and Eiger gold deposits with 1,291,000 ounces of gold grading 1.01 g/t
gold in an indicated category and 1,044,000 ounces of gold grading 0.94 g/t gold in an inferred
category at Blackjack and 440,000 ounces of gold grading 0.50 g/t gold in an inferred category
at Eiger. These resource estimate numbers are supported by the recently updated technical
report for RC Gold, prepared in accordance with NI 43-101 standards, entitled “Clear Creek
Property, RC Gold Project NI 43-101 Technical Report Dawson Mining District, Yukon Territory”,
prepared by Ronald G. Simpson, P. Geo., of GeoSim Services Inc. with an effective date of
January 21, 2025. This report is available on SEDAR+ (http://www.sedarplus.ca) and on the
Company’s website (www.sitkagoldcorp.com).
Both of these deposits begin at 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).
As of the end of 2024, 72 diamond drill holes have been drilled into this system by the Company
for a total of approximately 25,136 metres. Other targets drilled to date include the Saddle,
Josephine, Rhosgobel and Pukelman zones. The resource expansion drilling in 2023 at
Blackjack produced results of up to 219.0 m of 1.34 g/t gold Including 124.8 m of 2.01 g/t gold
and 55.0 m of 3.11 g/t gold in drill hole DDRCCC-23-047 (see news release dated September
26, 2023) and in 2024 results of up to 678.1 metres of 1.04 g/t gold starting from surface in
DDRCCC-24-068, including 409.5 metres of 1.36 g/t gold, 93.0 metres of 2.57 g/t gold and
5.5 metres of 17.59 g/t gold (see news release dated October 21, 2024).
A planned 30,000 metre diamond drilling program for 2025 is currently underway at RC Gold.
RC Gold Deposit Model
Exploration on the Property has mainly focused on identifying an intrusion-related gold system
(“IRGS”). The Property is within the Tombstone Gold Belt which is the prominent host to IRGS
deposits within the Tintina Gold Province in Yukon and Alaska. Notable deposits from the belt
include: Fort Knox Mine in Alaska with current Proven and Probable Reserves of 230 million
tonnes at 0.3 g/t gold (2.471 million ounces; Sims 2018)(1); Eagle Gold Mine with current
Measured and Indicated Resources of 233 million tonnes at a grade of 0.57 g/t gold at the Eagle
Main Zone (4.303 million ounces; Harvey et al, 2022)(2); the Brewery Creek deposit with current
Indicated Mineral Resource of 22.2 million tonnes at a gold grade of 1.11 g/t (0.789 million
ounces; Hulse et al. 2020)(3); the Florin Gold deposit with a current Inferred Mineral Resource of
170.99 million tonnes grading 0.45 g/t gold (2.47 million ounces; Simpson 2021)(4); the AurMac
Project with an Inferred Mineral Resource of 347.49 million tonnes grading 0.63 gram per tonne
gold (7.00 million ounces)(5) and the Valley Deposit, with a current Indicated Mineral Resource of
4.05 million oz gold at 1.66 g/t gold and an additional Inferred Mineral Resource of 3.26 million
oz at 1.25 g/t gold(6). The technical and scientific information disclosed from neighboring
properties does not necessarily apply to the current project or property being disclosed.
(1) Sims J. Fort Knox Mine Fairbanks North Star Borough, Alaska, USA National Instrument 43-101 Technical Report. June 11, 2018.
https://s2.q4cdn.com/496390694/files/doc_downloads/2018/Fort-Knox-June-2018-Technical-Report.pdf
(2) Harvey N., Gray P., Winterton J., Jutras M., Levy M.,Technical Report for the Eagle Gold Mine, Yukon Territory, Canada. Victoria Gold Corp.
December 31, 2022. https://vgcx.com/site/assets/files/6534/vgcx_-_2023_eagle_mine_technical_report_final.pdf
(3) Hulse D, Emanuel C, Cook C. NI 43-101 Technical Report on Mineral Resources. Gustavson Associates. May 31, 2020.
https://minedocs.com/22/Brewery-Creek-PEA-01182022.pdf
(4) Simpson R. Florin Gold Project NI 43-101 Technical Report. Geosim Services Inc. April 21, 2021.
https://sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00005795&issuerType=03&projectNo=03236138&docI d=4984158
(5) Thornton T., Jutras M., Malhotra D. Technical Report Aurmac Property Mayo Mining District, Yukon Territory, Canada. JDS Energy and Mining Inc.
February 6, 2024. https://banyangold.com/site/assets/files/5251/banyan_gold_ni_43-101_technical_report_2024_03_18.pdf
(6) Burrell H., Redmond D.J., Haggarty P., Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate, Yukon Territory, Canada.
Snowline Gold Corp. May 15, 2024. https://snowlinegold.com
Upcoming Events
Sitka Gold will be attending and/or presenting at the following events*:
● 121 Mining Investment - London, England: May 12 - 13, 2025
● Canaccord Global Metals and Mining Conference - Henderson, NV: May 20 - 22, 2025
● Yukon Mining Alliance - Dawson City, Yukon: July 9 - 14, 2025
● Takestock Stampede - Calgary, AB: July 2, 2025
*All events are subject to change.
About Sitka Gold Corp.
Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada with
over $25 million in its treasury and no debt. The Company is managed by a team of
experienced industry professionals and is focused on exploring for economically viable mineral
deposits with its primary emphasis on gold, silver and copper mineral properties of merit. Sitka
is currently advancing its 100% owned, 431 square kilometre flagship RC Gold Project located
within the Tombstone Gold Belt in the Yukon Territory. The Company is also advancing the
Alpha Gold Project in Nevada and currently has drill permits for its Burro Creek Gold and Silver
Project in Arizona and the Coppermine River Project in Nunavut.
*For more detailed information on the Company’s properties please visit our website at
www.sitkagoldcorp.com
The scientific and technical content of this news release has been reviewed and approved by
Gilles Dessureau, P.Geo., Vice President of Exploration of the Company, and a Qualified Person
(QP) as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
“Donald Penner”
President and Director
For more information contact:
Donald Penner
President & Director
778-212-1950
or
Cor Coe
CEO & Director
604-817-4753
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary and Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking
information within the meaning of applicable Canadian securities laws. Forward-looking
statements relate to future events or future performance and reflect the expectations or beliefs
of management of the Company regarding future events. Generally, forward-looking statements
and information can be identified by the use of forward-looking terminology such as “intends” or
“anticipates”, or variations of such words and phrases or statements that certain actions, events
or results “may”, “could”, “should”, “would” or “occur”. This information and these statements,
referred to herein as “forward‐looking statements”, are not historical facts, are made as of the
date of this news release and include without limitation, statements regarding discussions of
future plans, estimates and forecasts and statements as to management’s expectations and
intentions and the Company’s anticipated work programs.
These forward‐looking statements involve numerous risks and uncertainties and actual results
might differ materially from results suggested in any forward-looking statements. These risks
and uncertainties include, among other things, market uncertainty and the results of the
Company’s anticipated work programs.
Although management of the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in forward-looking statements or
forward-looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on forward-looking
statements and forward-looking information. Readers are cautioned that reliance on such
information may not be appropriate for other purposes. The Company does not undertake to
update any forward-looking statement, forward-looking information or financial out-look that are
incorporated by reference herein, except in accordance with applicable securities laws. We seek
safe harbor.