Sitka Drills 19.0 metres of 1.03 g/t Gold at its RC Gold Project, Yukon
NEWS RELEASE
November 18, 2022
NR 22-28
www.sitkagoldcorp.com
Sitka Drills 19.0 metres of 1.03 g/t Gold at its RC Gold
Project, Yukon
VANCOUVER, CANADA – November 18, 2022: Sitka Gold Corp. (“Sitka” or the
“Company”) (CSE:SIG) (FSE:1RF) (OTCQB:SITKF) is pleased to release assay results for
five additional diamond drill holes completed as part of the Company’s Phase II summer 2022
drilling program at the RC Gold Project (“RC Gold” or the “Project”), located in the Yukon’s
Tombstone Gold Belt (“TGB”). Sixteen diamond drill holes were completed totaling 5,250
metres during the program, with assays previously released for the first six holes (see
Company news release dated September 7, 2022) and an additional five holes still pending
assay results.
Gold assay highlights from this release:
● 19.0 m of 1.03 g/t Au from 292.0 m in DDRCCC-22-033, and
10.1 m of 1.56 g/t Au from 104.6 m;
● 132.1 m of 0.51 g/t Au from 34.9 m in DDRCCC-22-036, and
1.1 m of 20.4 g/t Au from 282.9 m;
“The results from this second set of drill holes from our summer drilling program continue to
intersect broad zones of anomalous gold as we drill test areas proximal to the core of the
intrusion-hosted mineralization in the Blackjack zone discovery where Hole 21 (DDRCCC-21-
021, “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, (see Company press release dated December 17, 2021). As expected, proximal
mineralization hosted by metasedimentary rocks intruded by intrusive dykes and sills have
produced significant intersections of gold mineralization as summarized in Table 1 and 2 and
as in previously announced results such as 116.0 m grading 0.65 g/t Au in Hole 29
(DDRCCC22-29, “Hole 29” see company news release dated September 7, 2022), but not the
same tenor as those intersected within the intrusion -hosted mineralization,” stated Cor Coe,
P.Geo., CEO and Director of Sitka. “The intersections reported contribute to the potential gold
resource that Sitka is drilli ng in the Blackjack -Saddle-Eiger corridor as we test the
metasedimentary hosted mineralization as highlighted by the intersection of 80 metres grading
0.59 g/t gold in Saddle zone hole DDRCCC -21-019 (“Hole 19” see Company news release
dated January 20, 2022) located 600 metres to the east of the intrusion-hosted mineralization
in the core area of the Blackjack zone. We are eagerly awaiting the results of the remaining
five diamond drill holes from this Phase 2 drilling program, several of which contain visi ble
gold and have the potential to expand the intrusion-hosted mineralization in the Blackjack zone
within our district-scale, road accessible RC Gold Project.”
Table 1 - Analytical Results for DDRCCC-22-032 through DDRCCC-22-036
Drillhole ID Azimuth (°) Dip (°) Length (m) From (m) To (m) Interval (m)* Au (g/t)
DDRCCC-22-032 320 -54 386.0 255.0 265.0 10.0 0.42
and 352.0 362.4 10.4 0.47
DDRCCC-22-033 320 -50 344.0 104.6 114.7 10.1 1.56
including 113.8 114.7 0.9 12.40
and 292.0 311.0 19.0 1.03
DDRCCC-22-034 320 -55 174.1 No significant results
DDRCCC-22-035 180 -50 244.0 156.0 164.4 8.4 0.95
DDRCCC-22-036 320 -65 410.0 3.0 284.0 281.0 0.39
including 34.9 167.0 132.1 0.51
including 282.9 284.0 1.1 20.40
*Intervals are drilled core length, as insufficient drilling has been undertaken to determine true widths at this time
Figure 1 - Plan Map of Diamond Drill Holes at the Blackjack Zone
Drillhole DDRCCC-22-032 was collared approximately 230 metres east of discovery Hole 21
and drilled to the northwest with the same azimuth. The hole encountered strongly altered
metasedimentary rocks to the final depth of 386.0 metres cut by numerous structurally
controlled mineralized and post -mineralized dykes. Sheeted quartz vein mineralization was
generally best developed in and adjacent to dyke emplacement resulting in abundant zones
of low grade gold mineralization.
Figure 2 - Cross Section of Hole DDRCCC-22-033
Drillhole DDRCCC-22-033 was drilled on a section 100 metres southwest from discovery hole
DDRCCC-21-021 below drill holes DDRCCC -22-027 & -028 (see press release dated
September 7, 2022) at an azimuth of 320 degrees. The hole intersected predominantly
metasedimentary rocks, with narrow zones of both mineralized and post -mineralized dikes
associated with the development of the strongest structural zones and highest gold grades.
Drillhole DDRCCC -22-034 was collared to the northeast of the Blackjack zone to test a
significant gold-in-soil anomaly. The hole collared in, and ended in metasedimentary rocks at
a final depth of 174.1 metres and encountered minor post -mineral intrusi ve dykes and
mineralization-aged intrusive sills with no significant gold mineralization.
Drillhole DDRCCC-22-035 was collared at the northeast edge of the Blackjack zone, 300
metres west of Saddle zone hole DDRCCC -21-019 (“Hole 19”, see Company news relea se
dated January 20, 2022). The hole was designed to test for mineralization hosted in intrusive
sills and metasedimentary rocks similar to the intersection in Hole 19 which returned 80.0
metres of 0.59 g/t gold. The hole intersected numerous intrusive dykes and stacked sills within
the metasedimentary host-rock similar to those encountered at the Saddle zone before ending
at 244.0 metres depth. The highest concentration of sills occurred between 122.5 and 239.0
metres depth and were associated with sporad ic mineralized sheeted quartz veining, and
graded 0.23 g/t gold over the 116.5 metre interval.
Figure 3 - Cross Section of Hole 36
Drill hole DDRCCC-22-036 was collared 165 metres to the northwest and on-section with drill
hole DDRCCC-21-021. The hole encountered the megacrystic intrusive unit associated with
the core of the Blackjack zone from surface to a depth of 385.9 m before crossing into
metasedimentary country rock. Significant gold mineralization was most predominant in the
upper half of the hole and associated with sheeted-style quartz veining.
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 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.
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)
DDRCCC-21-
021(“Hole 21”)
320 -45 367.5 6.0 226.1 220.1 1.17
including 120.0 170.5 50.5 2.08
DDRCCC-22-022 320 -45 364.6 46.0 319.0 273.0 0.52
including 253.0 315.0 62.0 1.21
DDRCCC-22-023 320 -61.5 285.0 4.2 210.0 205.8 1.01
including 46.0 137.0 91.0 1.61
DDRCCC-22-024 277 -47 204 4.5 112.0 107.5 1.44
including 16.0 82.0 66.0 2.11
DDRCCC-22-025 320 -46 389.2 19.0 368 349.0 0.71
including 25.0 246.0 221.0 1.01
DDRCCC-22-026 140 -45 374 152.0 194.0 42.0 0.43
including 167.0 184.1 17.1 0.64
DDRCCC-22-027 320 -55 209 6.0 18.0 12.0 0.83
and 131.0 145.0 14.0 1.49
DDRCCC-22-028 320 -50 254 6.0 28.0 22.0 0.69
and 185.6 198.0 12.4 0.76
DDRCCC-22-029 320 -50 308 7.0 143.0 136.0 0.58
including 35.0 37.0 2.0 9.02
DDRCCC-22-030 320 -50 398 1.4 221.0 219.6 0.74
including 2.8 36.6 33.8 1.42
DDRCCC-22-031 320 -50 359 147.0 216.0 69.0 0.51
including 147.0 157.0 10.0 1.18
*Intervals are drilled core length, as insufficient drilling has been undertaken to determine true widths at this time
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 defaul t 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