Sitka Drills 146.6 metres of 0.90 g/t Gold in Step Out Drilling at its RC Gold Project, Yukon
NEWS RELEASE
September 7, 2022
NR 22-26
www.sitkagoldcorp.com
Sitka Drills 146.6 metres of 0.90 g/t Gold in Step Out
Drilling at its RC Gold Project, Yukon
VANCOUVER, CANADA – September 7, 2022: Sitka Gold Corp. (“Sitka” or the
“Company”) (CSE:SIG) (FSE:1RF) (OTCQB:SITKF) is pleased to release assay results for
the first six holes completed at the Blackjack zone from the Phase II summer portion of the
2022 diamond drill program located at the Company’s RC Gold Project (“RC Gold” or the
“Project”) in the Yukon’s Tombstone Gold Belt (TGB). 16 diamond drill holes were completed
totaling 5,250 metres during the program, with assays still pending for 10 additional holes; 9
from the Blackjack zone and 1 from the MayQu target.
Gold assay highlights from this release:
● 146.6 m of 0.90 g/t Au from surface in DDRCCC-22-030, including
33.8 m of 1.42 g/t Au from 2.84 m;
● 116.0 m of 0.65 g/t Au from 27.0 m to 143.0 m in DDRCCC-22-029, including 19.0
m of 1.02 g/t Au from 124.00 m;
“The results from the first six holes of our summer drilling program have produced significant
gold bearing intervals that demonstrate the consistency of gold minerali zation across this
expanding zone,” stated Cor Coe, P.Geo., CEO and Director of Sitka . “All drill holes were
mineralized over their entire length with highly anomalous gold values from surface to depth
along with the higher -grade intervals summarised in Ta ble 1. These holes have established
higher-grade mineralization associated with a structural zone of late stage and post mineral
intrusive dikes over 400 metres in an east west direction and over 450 metres of width to our
extensional zone within our main intrusive body in a north -south orientation. These stepout
holes demonstrate the potential scale and abundance of the Blackjack Zone and the
approximately 2 km x 500 m extensional corridor area in general (see Figure 4). We are
eagerly awaiting the results of the remaining holes as we continue to expand on this newly
discovered gold prospect within our district-scale, road accessible RC Gold Project.”
Table 1 - Analytical Results for DDRCCC-22-026 through DDRCCC-22-031
Drillhole ID Azimuth (°) Dip (°) Length (m) From (m) To (m) Interval (m)* Au (g/t)
DDRCCC-22-026 140 -45 374 152.0 194.0 42.0 0.43
including 167.0 184.1 17.1 0.64
including 167.0 176.0 9.0 0.74
DDRCCC-22-027 320 -55 209 6.0 18.0 12.0 0.83
34.0 42.0 8.0 0.53
107.1 109.2 2.1 0.88
131.0 145.0 14.0 1.49
172.0 176.0 4.0 0.96
DDRCCC-22-028 320 -50 254 6.0 28.0 22.0 0.69
including 6.0 12.0 6.0 1.87
and 92.0 94.0 2.0 1.20
and 185.6 198.0 12.4 0.76
including 185.6 187.6 2.0 2.74
DDRCCC-22-029 320 -50 308 7.0 143.0 136.0 0.58
including 27.0 143.0 116.0 0.65
including 35.0 37.0 2.0 9.02
124.0 129.0 5.0 2.58
124.0 143.0 19.0 1.02
DDRCCC-22-030 320 -50 398 1.4 221.0 219.6 0.74
1.4 148.0 146.6 0.90
2.8 36.6 33.8 1.42
174.0 201.4 27.4 0.64
DDRCCC-22-031 320 -50 359 147.0 216.0 69.0 0.51
147.0 157.0 10.0 1.18
186.0 210.0 24.0 0.82
Figure 1 - Plan Map of Diamond Drill Holes at the Blackjack Zone
Drillhole DDRCCC-22-026 was drilled from the same setup as drillhole DDRCCC -22-022 at
the south end of current drilling, with a dip of -45 and an azimuth to the southeast at 140
degrees. Th e hole encountered a mixed sequence of multiphase granitic intrusive and
metasedimentary rocks to 234 metres depth before staying in metasedimentary rocks to the
end of hole at 374 metres. Sheeted quartz vein mineralization was generally weakly
developed with a low density of veining. The southern margin of the encountered intrusive
displayed the best development of veining with a 74 metre interval grading 0.35 g/t Au from
157 metres to 231 metres.
Figure 2 - Cross Section holes DDRCCC-22-027 and DDRCCC-22-028
Drillholes DDRCCC-22-027 & -028 were drilled on a section 100 metres southwest from
discovery hole DDRCCC -21-021 at azimuths of 320 degrees and dips of -55 and -50,
respectively. Both holes intersected predominantly metasedimentary rocks, with nar row
zones of both mineralized and post -mineralized dikes and sills associated with the
development of the strongest structural zones and highest gold grades. Drillhole DDRCCC -
22-033 was also drilled on this section encountering similar geology, with assay results still
pending.
Figure 3 - Cross Section of DDRCCC-22-029, DDRCCC-22-030 and DDRCCC-22-031
Drillholes DDRCCC-22-029, -030 & -031 were drilled on a section 100 metres northeast from
discovery hole DDRCCC-21-021 at collar azimuths of 320 degrees and dips of -50. Holes -
029 & -031 intersected mostly metasedimentary rocks with some mineralized and post-mineral
dikes and sills associated with higher sheeted quartz vein density and gold grades. Hole -030
collared and remained in intrusive rock cut by late-mineralization-stage and post-mineral dikes
over its entire length. The best grades were associated with a higher density of sheeted quartz
veining along the southeastern margin of the intrusive. Drillhole DDRCCC -22-039 was also
drilled on this section with assay results still pending.
Figure 4 - Plan Map of Drilling Across the Extensional Corridor
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 structura l 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.
Table 2 - 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
Quality assurance/quality control
On receipt from the drill site, the HQ-sized drill core was systematically logged for geological
attributes, photographed and sampled at Sitka’s 2022 field camp. 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. 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 del ivered 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 m ass
spectroscopy (ICP-MS) finish on 50 g subsamples of the prepared pulp (ALS code: Au -ICP-
22). Any sample returning over 10 g/t Au was reanalyzed by fire assay with a gravimetric finish
on a 50 g subsample (ALS code: Au -GRA21). In addition, a 51 -element a nalysis 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 RC Gold Project
The RC Gold Project consists of a 376 square kilometre contiguous district-scale land package
located in the newly road accessible Clear Creek, Big Creek, and Sprague Creek districts in
the heart of Yukon's Tombstone Gold Belt. It is the largest consolidated land package
strategically positioned mid-way between Victoria Gold's Eagle Gold Mine - Yukon’s newest
gold mine which reached commercial production in the summer of 2020 - and Sabre Gold
Mine’s Brewery Creek Gold Mine. The RC Gold Project land package comprises five
underlying properties, n amely, the RC, Bee Bop, Mahtin, Clear Creek, and Barney Ridge
properties*. The Company recently identified a large 500 m by 2000 m intrusion related gold
system on the Property between the Blackjack, Saddle and Eiger zones and to date has drilled
38 diamond drill holes into this system for a total of approximately 13,000 metres. This has
been the main focus of the Company’s drill programs at RC Gold in 2020, 2021 and 2022
which have returned several significant gold intercepts. including the discovery hole in the
Blackjack zone in the last drill hole from the 2021 drill program, DDRCCC-21-021 (“Hole 21”).
Hole 21 intersected 220.1 m of 1.17 g/t gold from surface that included 50.5 m of 2.08 g/t
gold. Hole 21 was the westernmost hole drilled in the Saddle -Eiger trend and was drilled
under a greater than 500 ppb gold -in-soil anomaly that was previously identified on surface.
This gold-in-soil anomaly is part of the larger 2 kilometre by 500 m gold -in-soil anomaly that
stretches from the Saddle Zone to the Eiger Zone and is open in all directions. Drilling in 2021
in the Eiger Zone in the easternmost area of the gold-in-soil anomaly has produced numerous
significant intersections as demonstrated by Hole 9 which intersected 354 m of 0.41 g/t Au
including 72 m of 0.72 g/t Au (see news release dated August 19, 2021).
Sitka Gold inherited a wealth of historical and current data from these properties from work
spanning the last 40 years. Recent exploration work and the compilation of historical data
have defined several mineralized zones with both bulk tonnage, intrusion-related gold deposit
targets and high-grade, vein- and breccia-hosted gold targets. The RC Gold Project also has
a common border with Victoria Gold’s Clear Creek property at its western boundary and Florin
Resources’ Florin Gold property at its northern boundary.
*For more detailed information on the underlying properties please visit our website at
www.sitkagoldcorp.com.
Deposit Model
Exploration on the Property has mainly focused on identifying an intrusion-related gold system
(“IRGS”). The property is part of 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