Sitka Completes Third Drill Hole at Adobe
Sitka Gold Corp.
1500 - 409 Granville Street
Vancouver, BC, V6C 1T2
NEWS RELEASE
CSE: SIG
August 2nd 2018
NR 18-15
www.sitkagoldcorp.com
Sitka Completes Third Drill Hole at Adobe
VANCOUVER, CANADA – August 2nd, 2018: Sitka Gold Corp. (CSE: SIG) (the “Company”
or “Sitka”) announces that the third drill hole has been completed on its Adobe Gold Project
located 40km north of Elko, Nevada. The Company is exploring for Carlin-type gold
mineralization in an area of the Adobe Range Mountains that has the necessary
structural/stratigraphic features and geochemical signature for such potential mineralization to
occur at depth on a district scale.
Reverse circulation drill hole A18-03 was drilled southeast at azimuth 135°, -69° degrees
inclination to test for gold mineralizaton in the Lower Tripon Pass/Upper Guilmette Formation.
The hole was drilled to a total depth of 1180 feet (359.65 metres).
Drill hole A18-03 encountered Tripon Pass sediments from collar to total depth of 1180 feet
(359.65m). Weakly calcareous shale dominated down to 480 feet (146.30m) hosting intervals of
carbonate veining varying from 2-7%. Weakly calcareous siltstone was intersected at 480 feet
(146.30m) and alternated with minor siliceous intervals down to 1090 feet (332.22m). An
intermediate dike with calcite and pyrite veinlets occurs from 245-250 feet (74.67-76.20m).
From 875-1090 feet (266.67-332.22m) it is mainly silty laminated limestone with very fine-
grained sooty, potentially arsenical pyrite varying from 1-8 % near the top of this interval and 1-
4% throughout the remainder of the interval. An aphanitic felsic dike with sericite alteration and
quartz-calcite-pyrite micro-breccia occurs within the sample interval from 970-975 feet (295.64-
297.17m). The remainder of the hole intersected interbedded chert and calcareous mudstone
and laminated silty limestone containing 1-2% pyrite. Drilling was successful in reaching the
lower portion of the targeted Tripon Pass unit and Company personnel were encouraged with
the presence of sulphide minerals.
Scott Price, VP Exploration comments: “From 875’ to 1090’, A18 -03 intersected an excellent
section of very platy, calcareous siltstone and silty limestone; classic Carlin -type, host rock with
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anomalous sulfide content. This new, much shallower target certainly merits further
assessment.”
The samples have been shipped to Actlabs in Kamloops, BC for assay and Sitka will await the
results to guide further drilling. The location of drill holes A18-01 and A18-02, and A18-03 are
shown on the attached map (Figure 1). Figures can also be viewed on Sitka’s website
(www.sitkagoldcorp.com).
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 Adobe gold
property in Nevada and owns a 100% interest in its Coppermine River project in Nunavut and
the Alpha Gold property in Nevada. The Company is currently drilling its Adobe Gold Property
with funds raised from its recent Initial Public Offering that was fully subscribed for $1.2M.
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
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Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
Certain statements included herein may constitute “forward-looking statements”. All statements
included in this press release that address future events, conditions or results, including in
connection with exploration activity, future acquisitions and any financing, are forward-looking
statements. These forward-looking statements can be identified by the use of words such as
“may”, “must”, “plan”, “believe”, “expect”, “estimate”, “think”, “continue”, “should”, “will”, “could”,
“intend”, “anticipate” or “future” or the negative forms thereof or similar variations. These
forward-looking statements are based on certain assumptions and analyses made by
management in light of their experiences and their perception of historical trends, current
conditions and expected future developments, as well as other factors they believe are
appropriate in the circumstances. These statements are subject to risks, uncertainties and
assumptions, including those mentioned in the Company’s continuous disclosure documents,
which can be found under its profile on SEDAR (www.sedar.com). Many of such risks and
uncertainties are outside the control of the Company and could cause actual results to differ
materially from those expressed or implied by such forward-looking statements. In making such
forward-looking statements, management has relied upon a number of material factors and
assumptions, on the basis of currently available information, for which there is no insurance that
such information will prove accurate. All forward-looking statements are expressly qualified in
their entirety by the cautionary statements set forth above. The Company is under no obligation,
and expressly disclaims any intention or obligation, to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, except as
expressly required by applicable law.
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Figure 1: Drill Hole Location Map