Sitka Completes Phase II, Summer Diamond Drilling Program at its RC Gold Project, Yukon
NEWS RELEASE
August 17, 2022
NR 22-25
www.sitkagoldcorp.com
Sitka Completes Phase II, Summer Diamond Drilling Program at
its RC Gold Project, Yukon
VANCOUVER,
CANADA
–
August
17,
2022:
Sitka
Gold
Corp.
(“Sitka”
or
the
“Company”)
(CSE:SIG)
(FSE:1RF)
(OTCQB:SITKF)
is
pleased
to
announce
that
it
has
completed
the
Phase
II
summer
diamond
drilling
program
at
its
district-scale,
road
accessible
RC
Gold
Project
(“RC
Gold”
or
the “Project”) located in the Yukon’s prolific Tombstone Gold Belt (TGB).
Summer
drilling
at
RC
Gold
was
completed
ahead
of
schedule
utilizing
three
drill
rigs.
The
Company
has
now
completed
a
total
of
20
diamond
drill
holes
for
approximately
6,500
metres
(m)
during
two
phases
of
drilling
(winter
and
summer)
in
2022
to
date.
Drilling
was
primarily
focused
on
stepping
out
laterally
and
vertically
from
the
Blackjack
zone
discovery
hole
(Hole
21)
that
was
announced
last
December
(see
news
release
dated
December
13,
2021).
Mineralization
was
intersected
in
all
drill
holes
with
visible
gold
also
identified
in
the
majority
of
the
drill
holes.
Phase
II
drilling
also
included
the
first
ever
diamond
drill
hole
completed
at
the
Bos
Stock,
a
Tombstone-age
intrusion
related
gold
deposit
target
located
approximately
24
kilometres
southeast
of
the
Blackjack
zone
within
the
376
square
kilometre,
contiguous
RC
Gold
Property
(see
Figure
2).
The
Phase
II
summer
drilling
consisted of 16 diamond drill holes totalling approximately 5,250 m (see Figure 1).
“With
the
addition
of
a
third
drill
this
summer,
Sitka
has
completed
this
portion
of
the
diamond
drilling
program
ahead
of
schedule”,
stated
Cor
Coe,
P.Geo.,
CEO
and
Director
of
Sitka
.
“The
focus
of
this
second
phase
of
drilling
was
to
expand
and
better
understand
the
mineralization
at
the
Blackjack
Zone
while
also
potentially
providing
the
necessary
spatial
density
to
generate
an
initial
resource
estimate.
Drilling
continued
to
encounter
significant
intersections
of
mineralization
at
the
Blackjack
zone
in
numerous
step
out
holes
that
included
several
instances
of
visible
gold
(see
news
release
dated
July
20,
2022
and
this
press
release)
hosted
in
both
intrusive
and
metasedimentary
host
rocks.
Assay
results
from
our
summer
drill
program
are
expected
to
greatly
expand
our
understanding
of
the
controls
of
mineralization
at
the
Blackjack
zone.
Our
systematic
approach
to
exploration
at
RC
Gold
continues
to
deliver
excellent
results
and
we
are
eagerly
awaiting
the
assays
from
this
phase
of
drilling.”
The
Phase
I
winter
drilling
program
successfully
tested
the
potential
for
expanding
the
high
grades
encountered
in
the
2021
Blackjack
Zone
discovery
hole
(Hole
21)
which
intersected
220.1
m
of
1.17
g/t
gold
including
50.5
m
of
2.08
g/t
gold
.
All
four
holes
in
the
Phase
I
winter
drilling
program
encountered
similar
high
grades
(see
Table
1)
to
the
discovery
hole
and
formed
the
basis
for
Sitka
to
design the Phase II summer drill program.
Table 1 -
Previously released Blackjack Zone Drill
Results
Hole ID
Azimuth (
O
)
Dip (
O
)
Length (m)
From (m)
To (m)
Interval (m)
Au (g/t)
Hole 21
320
-45
367.5
6.0
226.1
220.1
1.17
including
120.0
170.5
50.5
2.08
Hole 22
320
-45
364.6
46.0
319.0
273.0
0.52
including
253.0
315.0
62.0
1.21
Hole 23
320
-61.5
285.0
4.2
210.0
205.8
1.01
including
46.0
137.0
91.0
1.61
Hole 24
277
-47
204
4.5
112.0
107.5
1.44
including
16.0
82.0
66.0
2.11
Hole 25
320
-46
389.2
19.0
368
349.0
0.71
including
25.0
246.0
221.0
1.01
The
second
phase
of
drilling
was
designed
to
further
expand
the
Blackjack
Zone
and
provide
Sitka
geologists
with
a
solid
database
of
drilling
data
to
understand
controls
on
mineralization
observed
in
both
intrusive
and
metasedimentary
host
rocks
while
also
potentially
providing
the
necessary
spatial
density
to
generate
an
initial
resource
estimate.
Assay
results
from
Phase
II
drilling
along
with
structural
information
obtained
from
oriented
drilling,
data
from
detailed
core
logging,
reprocessed
Lidar
data
and
interpretation
of
an
airborne
magnetic
geophysical
survey
will
form
the
basis
for
planning of a Phase III drilling program.
Figure 1: Phase II drilling within the Blackjack zone extensional corridor
Samples
from
all
16
holes
of
the
second
phase
of
drilling,
which
began
June
1
st
,
have
been
sent
to
ALS
Global
Laboratories
preparation
facility
in
Whitehorse,
Yukon
(see
Table
2).
The
Company
has
now
completed
a
total
of
approximately
13,000
metres
of
drilling
with
38
holes
positioned
within
the
identified
2
km
extensional
corridor
encompassing
the
Blackjack,
Saddle
and
Eiger
zones
(see
news
release dated May 17, 2022).
Figure 2 - Location of drilling at the Blackjack zone and the Bos Stock intrusion on the RC
Gold
Property
Table 2 - Phase II drill hole location, azimuth, dip (assays pending).
Drillhole ID
Total
Depth (m)
UTM Z8
Easting
UTM Z8
Northing
Elevation
(masl)
Azimuth
(
O
)
Dip (
O
)
DDRCCC-22-026
374
396877
7085305
1495
140
-45
DDRCCC-22-027
209
396594
7085472
1605
320
-55
DDRCCC-22-028
254
396668
7085405
1552
320
-50
DDRCCC-22-029
308
396951
7085357
1544
320
-50
DDRCCC-22-030
398
396822
7085505
1624
320
-50
DDRCCC-22-031
359
396998
7085304
1548
320
-50
DDRCCC-22-032
386
397046
7085397
1591
320
-54
DDRCCC-22-033
344
396763
7085316
1485
320
-50
DDRCCC-22-034
174.15
396972
7085662
1727
322
-55
DDRCCC-22-035
244
397101
7085740
1768
180
-50
DDRCCC-22-036
410
396728
7085517
1618
320
-65
DDRCCC-22-037
305
396597
7085533
1645
125
-50
DDRCCC-22-038
545
396965
7085290
1530
315
-50
DDRCCC-22-039
480
396888
7085453
1583
320
-54
DDRCCC-22-040
209
396763
7085446
1568
320
-55
MQ-22-001
251
415518
7073417
1473
180
-45
The
final
holes
completed
during
the
second
phase
of
drilling
continued
to
intersect
sheeted
quartz
sulphide
veins
and
veinlets
in
megacrystic
granite
and
quartz
feldspar
porphyry
dykes
and
sills
and
in
proximal
intruded
metasedimentary
rocks.
Additional
visible
gold
was
identified
in
all
of
the
final
drill
holes
including
the
deepest
observation
of
visible
gold
at
a
depth
of
417.25m
in
Hole
DDRCCC-22-39.
Figure 3: Visible gold at 417.25 m depth in Drill Hole DDRCCC-22-39
Figure
4:
Drill
core
from
Hole
DDRCC-22-039
showing
location
of
visible
gold
within
quartz
monzonite intrusive.
Figure 5: Visible gold at 113.54m in Hole DDRCC-22-038
Figure
6:
Drill
core
from
Hole
DDRCC-22-038
showing
location
of
visible
gold
within
altered
metasediments.
Figure 7: Visible gold at 58.1 m in Hole DDRCCC-22-40
Figure
8:
Drill
core
from
DDRCCC-22-40
showing
location
of
visible
gold
within
a
fine
grained
feldspar porphyry dyke.