Sitka Drills 20.3 Metres of 1.65 g/t Gold at RC Gold in Yukon
NEWS RELEASE
September 22, 2021
NR 21-23
www.sitkagoldcorp.com
Sitka Drills 20.3 Metres of 1.65 g/t Gold at RC Gold in Yukon
VANCOUVER, CANADA – September 22, 2021: Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG)
(FSE:1RF) (OTCQB:SITKF) is pleased to announce assay results from an additional 3 diamond drill holes
completed during the 2021 summer diamond drill program at its RC Gold project (“RC Gold” or the “Project”)
located approximately 110 kilometres east of Dawson City, Yukon. Including the four discovery holes drilled in
2020, the Company has now completed 19 diamond drill holes at the Saddle – Eiger zone target area at RC
Gold for a total of 6,494 metres drilled.
Highlights from these drill holes include*:
• 402.5 metres of 0.40 g/t gold from 39.0 to 441.5 metres in hole DDRCCC 21-010 including:
o 37.8 metres of 1.03 g/t gold from 136.5 to 174.3 metres and,
o 20.3 metres of 1.65 g/t gold from 154.0 to 174.3 metres.
• 23.0 metres of 0.50 g/t gold from 123.0 to 146.0 metres in hole DDRCCC 21-011 including:
o 2.0 metres of 3.58 g/t gold from 144 to 146 metres
• 25.0 metres of 0.67 g/t gold from 25.0 to 50 metres in hole DDRCCC 21-012 including:
o 1.0 metres of 8.89 g/t gold from 39 to 40 metres
• 7.0 metres of 1.20 g/t gold from 166.0 to 173.0 metres in DDRCCC 21-012 including:
o 0.9 metres of 4.42 g/t gold from 172.1 to 173.0 metres.
*see Table 1
Cor Coe, P.Geo., CEO of Sitka, comments: “The drilling at RC Gold continues to demonstrate the robust nature
of the intrusion related gold system present ly being delineated at the Saddle - Eiger zone and the potential for
this target area to host an economic gold deposit. Results received to date from our summer drilling program
show a continuity of significant intervals of elevated gold mineralization with grades comparable to the average
resource grade of existing mines within the Tintina Gold Belt *, along with narrower intervals of higher grade
mineralization in the 3.58 to 13.5 g/t Au range. All samples from the summer drill program have been delivered
to the laboratory and we look forward to compiling and releasing further results as they are received.”
* See Deposit Model below.
Holes DDRCCC-21-010, DDRCCC-21-011 and DDRCCC -21-012 were all drilled at the Eiger zone at the east
end of the 2,000 metre long Saddle – Eiger zone target, where previous drilling in 2020 and earlier this year had
identified narrow intersectio ns of higher grade gold within broader intervals of elevated gold mineralization (for
example 0.9 metres of 9.57 g/t gold within 57.5 metres of 0.50 g/t gold – see news release of October 15, 2020).
DDRCCC 21 -010 was collared in sediments and intersected the Eiger stock at 30 m etres and remained in
diorite until the end of the hole at 458 m etres. Quartz veins and veinlets occur in varying intensities throughout
the hole, with gold mineralization generally associated with increased amounts of arsenopyrite a nd bismuthinite.
The highest grade interval of 0.4 m etres of 13.5 g/t Au at 426.9 metres is likely the downdip extension of the
Wilson vein, where surface sampling in 2020 returned grab samples containing up to 27.8 g/t Au (see news
release of September 8, 2020). This gives a vertical extension of this structure of approximately 250 metres.
DDRCCC 21-011 was coll ared at the same location as DDRCC 21 -010, but at a more westerly azimuth to test
the sediment / diorite contact zone. The hole remained in variously altered sedimentary rock for its entire length
of 224 m etres with a weak to moderate development of quartz veinlets locally containing trace amounts of
arsenopyrite. Gold values ranged from trace to 2 metres of 3.58 g/t Au at 144 metres.
DDRCCC 21-012 was drilled 90 m etres east of DDRCCC 21 -010 and 011. The hole was collared in the diorite
intrusive and remained in the diorite for its entire 419 m etre length. The hole was similar in character to DDRCC
21-010, intersecting varying intensities of quartz veins and veinlets with trace to 5 % arsenopyrite and trace
bismuthinite throughout its length.
Figure 1 – Saddle and Eiger Zone Drill Hole Locations.
Table 1 - RC Gold Project 2021 Drill Results*
Hole ID Azimuth (°) Dip (°)
Hole
Length (m) From (m) To (m)
Interval
Length (m) Au (g/t)
DDRCCC-21-010 344 -45 458 39 441.5 402.5 0.40
DDRCCC-21-010 48 72.2 24.2 0.72
DDRCCC-21-010 58 72.2 14.2 0.82
DDRCCC-21-010 66 72.2 6.2 1.41
DDRCCC-21-010 136.5 174.3 37.8 1.03
DDRCCC-21-010 154 174.3 20.3 1.65
DDRCCC-21-010 257.4 285 27.6 0.78
DDRCCC-21-010 424 427.3 3.3 2.07
DDRCCC-21-010 426.9 427.3 0.4 13.50
DDRCCC-21-011 308 -46 224 123 146 23 0.50
DDRCCC-21-011 144 146 2 3.58
DDRCCC-21-012 340 -45 419 25 50 25 0.67
DDRCCC-21-012 39 40 1 8.89
DDRCCC-21-012 166 173 7 1.20
DDRCCC-21-012 172.1 173 0.9 4.42
*Intervals are drilled core length, as insufficient drilling has been undertaken to determine true widths at this time.
Including the four discovery holes drilled in 2020, the Company has now completed 19 diamond drill holes at the
Saddle – Eiger zone target area for a total 6,494 m etres. The 2021 summer diamond drilling program at RC
Gold has now been completed and c ore from holes 21 -013 to 21 -021 has been shipped to the lab with further
results pending.
Analysis and QA/QC
Analytical work was carried out by ALS Global Labs. The sample preparation took place in Whitehorse, YT and
the analyses were completed in Vancouver, BC. Each sample was assayed for Gold by 30 gram fire assay with
Atomic Absorption finish, and over-limits re-analyzed gravimetrically. Additionally, each sample was analysed
by ICP ME-MS41 for a suite of 51 elements.
The Company has a rigorous Quality Assurance/Quality Control (QA/QC) program in place consistent with NI
43-101 and industry best practices in addition to QA/QC procedures at the lab. Each batch of 20 samples
contains one certified Standard Reference Material and one blank of unmineralized material.
About the RC Gold Project
The RC Gold Project is 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 Tintina Gold Belt an d
within the Tombstone Gold Belt. It is the largest consolidated land package strategically positioned mid -way
between Victoria Gold's Eagle Gold Mine, Canada’s newest gold mine which reached commercial production in
the summer of 2020, and Golden Predator 's Brewery Creek Gold Mine, which recently received Government
and First Nation’s support for re -starting production. The RC Gold Project land package is comprised of five
underlying mining properties, namely, the RC, Bee Bop, Mahtin, Clear Creek and Barne y Ridge Properties*.
Sitka Gold has inherited a wealth of historical and current data from these properties that span the last 40 years.
Recent exploration work and the compilation of historical data has 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 predominately been 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 Ala ska
with current reserves of 230 million tonnes at 0.3 g/t Au (3.4 million ounces, not including 7.5 million ounces of
past production; Fairbanks Gold Mining Inc.) (1); Eagle Gold mine wi th 155 million tonnes at a diluted grade of
0.65 g/t Au (3.26 million ounces; Victoria Gold Corp., 2020) (2); the Brewery Creek epizonal deposit with
22.2million tonnes at a gold grade of 1.11 g/t (0.789 million ounces; Sedar May 31, 2020) (3); and the Florin Gold
deposit, located adjacent to Sitka’s RC Gold project, with 170.99 million tonnes grading 0.45 g/t (2.47 million
ounces; Simpson, R., 2021)(4).*
(1) Kinross, website statement Dec. 31, 2020 , 230 million ton nes @ 0.3 g/t gold (2.47 million oz of Pro ven & Probable
reserves)
(2) Eagle Gold Mine: Victoria Gold Corp MD&A on SEDAR, June 30, 2021 Reserves of 3.3 million oz of gold
(3) Brewery Creek Mine: Golden Predator Mining, May 31, 2020, SEDAR MD&A, updated Resource Est; 22.2 million tonnes
@ 1.11 g/t gold (789,000 oz)
(4) St. James Gold Corp, Florin Gold Property: Apr 21, 2021 SEDAR, Inferred Resource 170.99 million ton nes @ 0.45 g/t
gold (2.47 million oz)
*The disclosure above is strictly for deposit model comparisons and the mineralization hosted on these properties is not
necessarily indicative of mineralization hosted on the Company’s property.
About Sitka Gold Corp.
Sitka Gold Corp. is a mineral exploration company headquartered in Canada that is fully funded for its planned
2021 exploration programs with the completion of a $6.37 million financing earlier this year . The Company is
managed by a team of experienced indust ry professionals and is focused on exploring for economically viable
mineral deposits with its primary emphasis on gold, silver and copper mineral properties of merit. Sitka currently
has an option to acquire a 100% interest in the RC, Barney Ridge, Clear Creek and OGI properties in Yukon
and the Burro Creek Gold property in Arizona. Sitka owns a 100% interest in its Alpha Gold property in Nevada,
it’s Mahtin Gold property in the Yukon and it’s Coppermine River project in Nunavut.
The scientific and technical content of this news release has been reviewed and approved by Cor Coe, P.Geo.,
Director and CEO of the Company, and a Qualified Person (QP) as defined by National Instrument 43 -101.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
“Donald Penner”
President and Director
For more information contact:
Donald Penner
President & Director
604-979-0509
or
Cor Coe, P.Geo.
CEO & Director
604-979-0509
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