Sitka Completes 2019 Exploration Program at RC Gold
Sitka Gold Corp.
1500 - 409 Granville Street
Vancouver, BC, V6C 1T2
NEWS RELEASE
CSE: SIG
August 28th, 2019
NR 19-08
www.sitkagoldcorp.com
Sitka Completes 2019 Exploration Program at RC Gold
VANCOUVER, CANADA – August 28th, 2019: Sitka Gold Corp. (CSE: SIG) (the “Company”
or “Sitka”) is pleased to announce it has completed this season’s exploration program at its
newly acquired RC Gold Property in the prolific Tintina Gold Belt in Yukon, Canada .
The program involved infill and expansion so il sampling focused on refining drill targets
identified from six gold in soil anomalies outlined during the last two exploration programs
conducted on property in 2017 and 2018, as well as follow up addi tional IP geophysics and
geological mapping and prospecting. Result s from this season’s exploration program will be
announced when the analytical data has been received and interpreted.
The Company, through its wholly owned subsidiary, Arctic Copper Corp., has also mobilized a
crew this week to its Coppermine River Project in Nunavut to conduct additio nal geophysical
surveying at its recently discovered Copper Leaf s howing, a sedimentary hosted copper
discovery that returned over 13% copper and 65 g /t silver on the surface. The Copper Leaf
showing is coincident with a geophysical gravity survey that produced a 100m wide gravity
anomaly over the surface showing. Additional geological mapping and prospecting is also
planned during this program.
Pursuant to the Company’s news release dated April 9, 2019 the Company cur rently has an
open financing to raise funds to drill its Alpha Gold property in the Carlin District of Nevada and
its Burro Creek Gold property in Arizona, which hosts a historical gold and silver resource
estimate. Burro Creek has an identified potential to substantially expand the historical mineral
resource estimate through systematic drilling of a 1.5 km strike length of the mineralized zone
identified through a geochemical soil sampling mobile metal ion grid survey.
The Company recently announced the closing of the first tranche of this financing (see news
release dated August 9, 2019). The company issued 3,848,000 units at a price of 11 cents per
unit for gross proceeds of $423,280. Each unit consists of one common share and one -half of
one share purchase warrant. Each whole warrant will entitle the holder to purchase an
additional common share at a price of 16 cents for a period of two years. Net proceeds from the
financing will be used to conduct drill programs at the Burro Creek Gold a nd Alpha G old
properties and for general working capital.
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 RC Gold
property in the Yukon, an option to acquire a 100% interest in the Burro Creek Gold property in
Arizona and owns a 100% interest in its Coppermine River project in Nunavut and the Alpha
Gold property in Nevada. Directors and Management own approximately 36% of the
outstanding shares of Sitka Gold, a solid indication of their alignment with shareholder’s
interests.
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
604-817-4753
or
Peter MacLean
Director
604-781-8513
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.
Cautionary and Forward-Looking Statements
This news release contains forward‐looking statements and forward‐looking information within
the meaning of applicable securities laws. These statements relate to future events or future
performance. All statements other than statements of historical fact may be forward‐looking
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“estimate”, “approximate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”,
“intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions.
Forward-looking statements and information are provided for the purpose of providing
information about the current expectations and plans of management of the Company relating to
the future. Readers are cautioned that reliance on such statements and information may not be
appropriate for other purposes, such as making investment decisions. Since forward‐looking
statements and information address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These include, but are not limited to,
the expected timing and terms of the private placement, use of proceeds, anticipated work
program, required approvals in connection with the work program and the ability to obtain such
approvals. Accordingly, readers should not place undue reliance on the forward‐looking
statements, timelines and information contained in this news release. Readers are cautioned
that the foregoing list of factors is not exhaustive.
The forward‐looking statements and information contained in this news release are made as of
the date of this news release and no undertaking is given to update publicly or revise any
forward‐looking statements or information, whether as a result of new information, future events
or otherwise, unless so required by applicable securities laws or the CSE. The forward-looking
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cautionary statement.
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