Observations of Visible GOLD IN First TWO Diamond Drill Holes EVER Completed
NEWS
RELEASE
October
9,
2024
NR
24-23
www.sitkagoldcorp.com
SITKA
GOLD
ENCOUNTERS
MULTIPLE
OBSERVATIONS
OF
VISIBLE
GOLD
IN
FIRST
TWO
DIAMOND
DRILL
HOLES
EVER
COMPLETED
AT
THE
RHOSGOBEL
INTRUSION
AT
ITS
FLAGSHIP
RC
GOLD
PROJECT
IN
YUKON
●
Multiple
instances
of
visible
gold
observed
in
drill
core
from
first
diamond
drill
holes
ever
completed
at
the
Rhosgobel
reduced
intrusion-related
gold
deposit
target
located
5
km
south
of
the
Blackjack
gold
deposit.
●
Gold
mineralization
appears
to
extend
at
least
250
metres
below
the
extent
of
historical
drilling.
●
Large
zones
of
reduced
intrusion-related
sheeted
veins
and
breccias
intersected
below
historical
drilling.
●
11
instances
of
visible
gold
observed
in
hole
DDRCRG-24-002.
VANCOUVER,
CANADA
–
October
9,
2024:
Sitka
Gold
Corp.
(“Sitka”
or
the
“Company”)
(TSXV:SIG)
(FSE:1RF)
(OTCQB:SITKF)
is
pleased
to
announce
that
several
instances
of
visible
gold
have
been
observed
in
the
first
two
diamond
drill
holes
ever
completed
at
the
Rhosgobel
reduced
intrusion-related
gold
deposit
target,
located
approximately
5
kilometres
south
of
the
Blackjack
gold
deposit,
at
its
year-round
road
accessible
RC
Gold
Project
in
Yukon.
The
2024
drilling
at
Rhosgobel
suggests
that
gold
mineralization
continues
for
at
least
250
metres
beyond
the
depth
of
previous
reverse
circulation
drilling
that
had
ended
in
mineralization
at
a
depth
of
70
metres.
Assay
results
for
these
drill
holes
are
pending.
The
Company
currently
has
two
drills
operating
at
its
RC
Gold
property
and
is
awaiting
analytical
results
for
other
completed
drill
holes,
including
drill
hole
DDRCCC-24-068,
which
returned
over
40
instances
of
visible
gold
from
near
surface
(4
metres)
to
680
metres
depth
(see
news
release
dated
September
11,
2024).
Figure
1
-
A
cross
section
of
the
2024
drilling
on
the
Rhosgobel
intrusion
showing
the
locations
of
visible
gold
observed
in
the
drill
core.
Figure
2
-
Examples
of
instances
of
visible
gold
observed
throughout
DDRCRG-24-001
(a
-
b)
and
DDRCRG-24-002
(c
-
f).
Visible
gold
is
often
associated
with
bismuthinite,
scheelite,
and
arsenopyrite.
Assays
for
these
drill
holes
are
currently
pending.
"The
visuals
of
the
first
two
diamond
drill
holes
to
ever
be
completed
at
the
Rhosgobel
intrusion-related
gold
target
(Figures
1,
2,
3
and
6)
have
exceeded
expectations
with
several
occurrences
of
visible
gold
observed
in
DDRCRG-24-001
and
002,”
commented
Cor
Coe,
CEO
and
Director
of
Sitka
Gold
.
“The
visual
results
from
our
first
pass
of
drilling
at
Rhosgobel
are
very
encouraging
and
highlight
the
significant
potential
of
the
many
high-priority
targets
we
have
yet
to
drill
within
the
Clear
Creek
Intrusive
Complex
(see
Figure
5).
We
eagerly
await
the
assays
from
these
holes
which
suggest
that
robust
gold
mineralization
continues
from
surface
to
a
vertical
depth
at
least
250
metres
below
the
extent
of
historical
drilling
and
showcase
the
potential
for
Rhosgobel
to
host
another
significant
intrusion-related
gold
deposit
within
the
Clear
Creek
Intrusive
Complex
analogous
to
our
growing
Blackjack
deposit.
Diamond
drilling
utilising
oriented
core
at
Rhosgobel
has
provided
valuable
information
to
Sitka’s
technical
team
confirming
the
similar
structural
and
geological
controls
on
gold
mineralization
that
occur
at
the
Blackjack
and
Eiger
deposits,
located
approximately
5
kilometres
to
the
north,
and
the
team
is
excited
to
apply
the
knowledge
gained
from
our
geological
modelling
to
further
advance
this
exciting
target.”
The
Rhosgobel
intrusion
is
the
largest
and
southernmost
exposed
intrusion
that
forms
a
part
of
the
Clear
Creek
Intrusive
Complex
(CCIC).
Intrusions
within
the
CCIC
occupy
an
area
of
approximately
8
by
15
kilometres
and
likely
emanate
from
a
common
magmatic
source
at
depth.
The
intrusions
range
in
their
compositions
and
include
quartz
monzonite,
granodiorite
and
diorite.
Felsic
and
lamprophyre
dykes
are
also
emplaced
within
the
CCIC.
All
of
the
intrusions
have
known
gold
mineralization
associated
with
them
and
form
a
large
mineralized
system
with
the
potential
to
host
several
gold
deposits.
The
Blackjack
deposit
is
hosted
within
a
quartz
monzonite
intrusion
which
contains
megacrystic
phases
(big
feldspar
crystals).
The
Rhosgobel
intrusion
located
5
km
to
the
south
of
the
Blackjack
deposit
along
the
trend
of
the
northerly
striking
Blackjack
fault
is
of
a
similar
composition.
Previous
drilling
in
1995
by
Kennecott
consisting
of
shallow
reverse
circulation
drilling
indicated
widespread
gold
mineralization
within
the
Rhosgobel
intrusion
(see
Figure
4)
and
these
initial
drill
holes
indicate
a
much
larger
mineralized
system
with
intersections
of
gold
at
much
greater
depths
than
the
previous
work.
Mineralization
at
Rhosgobel
consists
of
abundant
1-2
cm
sheeted
quartz
veins,
larger
(10-40
cm)
quartz
tourmaline
veins,
and
large
zones
of
quartz
tourmaline
breccias
and
stockwork
within
a
larger
zone
cutting
the
feldspar
megacrystic,
quartz
monzonite
host
intrusion.
Abundant
coarse
scheelite
and
sulphides
(including
pyrrhotite
and
pyrite
with
subordinate
arsenopyrite)
occur
within
the
veins
and
breccias
throughout
the
intrusion.
Gold
was
observed
within
the
quartz
veins
and
breccias
and
was
consistently
associated
with
bismuthinite,
scheelite,
and
occasionally
molybdenite.
Alteration
was
pervasive
quartz-sericite
and
sericite-chlorite
alteration
with
more
intense
quartz-sericite-chlorite
alteration
selvages
around
the
veins.
Assays
are
pending
for
both
drill
holes.
DDRCRG-24-001
Drill
hole
DDRCRG-24-001
was
drilled
to
a
depth
of
303.6
metres
at
a
dip
of
-50
degrees
and
an
azimuth
of
10
degrees
to
test
the
down
dip
extension
of
the
gold
mineralization
intersected
in
the
historical
RC
drill
holes
CCRC-95-15
and
CCRC-95-16.
This
hole
intersected
approximately
200
m
of
altered,
faulted,
brecciated,
and
mineralized
feldspar
megacrystic
quartz
monzonite
and
approximately
100
m
of
weakly
altered
quartz
monzonite
cut
by
occasional
1-10
cm
quartz-scheelite
sheeted
veins.
Visible
gold
was
observed
at
118.3
and
119.5
metres.
DDRCRG-24-002
Drill
hole
DDRCRG-24-002
was
drilled
to
a
depth
of
400.8
metres
at
a
dip
of
-75
degrees
and
an
azimuth
of
10
degrees
to
test
the
down
dip
extension
of
the
gold
mineralization
intersected
in
the
historical
RC
drill
holes
CCRC-95-15
and
CCRC-95-16,
and
the
mineralized
interval
intersected
in
DDRCRG-24-001.
This
hole
intersected
approximately
50
metres
of
oxidized,
altered,
faulted,
and
mineralized
feldspar
megacrystic
quartz
monzonite,
then
continued
through
bands
of
high
vein
density
and
very
large
quartz
veins
with
strong
alteration
around
them,
in
the
same
rock
with
faulting
and
mineralization
including
coarse
scheelite,
and
not
uncommonly
molybdenite,
and
bismuthinite.
There
was
a
massive
sulphide
layer
bounded
by
quartz-sulphide
breccias.
Large
quartz
veins
are
commonly
mildly
brecciated
with
massive
tourmaline
veining.
Visible
gold
was
observed
at
229.3,
249.6,
249.61,
299.5,
299.53,
299.66.
300.6,
303.11,
303.24,
303.38,
307.4
metres.
Figure
3
-
Plan
map
of
the
2024
drilling
on
the
Rhosgobel
intrusion
showing
the
locations
of
visible
gold
observed
in
the
drill
core
along
with
the
1.5
x
2.0
kilometre
gold-in-soil
anomaly
and
mapped
intrusion.
Figure
4
-
Shallow
reverse
circulation
drilling
in
the
Rhosgobel
intrusion
in
1995
produced
numerous
intersections
of
gold
mineralization
consisting
of
sheeted
quartz
veins
with
megacrystic
quartz
monzonite.
Holes
15
and
16
were
drilled
in
opposite
directions
at
60
degrees
dip
intersected
mineralization
over
their
entire
lengths.
The
holes
intersected
50.3
m
grading
1.07
g/t
gold
and
67.1m
of
1.03
g/t
gold
respectively
with
both
holes
ending
in
mineralization.
Figure
5
-
Map
showing
multiple
priority
target
areas
across
the
recently
consolidated
Clear
Creek
Intrusive
Complex
along
with
the
location
of
2024
diamond
drilling
completed
at
the
Rhosgobel
intrusion
approximately
5
km
south
of
the
Blackjack
and
Eiger
deposits.
The
Rhosgobel
intrusion
is
approximately
3
km
long
and
2
km
wide.
Drilling
is
currently
underway
to
test
the
projection
of
higher-grade
gold
mineralization
along
the
newly
identified
Blackjack
Mineralized
Corridor
that
follows
the
Blackjack
Fault
and
extends
for
over
10
kilometres
through
the
Saddle,
Pukelman
West
and
Rhosgobel
Intrusive
Stocks.
Higher-grade
gold
mineralization
is
modelled
along
intersections
of
structural
corridors
that
form
conduits
for
gold
mineralization.
A
large
mineral
system
highlighted
by
the
numerous
gold-bearing
intrusions
and
intersecting
structural
corridors
similar
to
that
being
defined
at
the
Blackjack
Deposit
exist
at
many
other
target
areas
within
the
Clear
Creek
Intrusive
Complex.