Sitka Drills 220.1 m of 1.17 g/t Gold from Surface at its RC Gold Project in Yukon
NEWS RELEASE
December 13, 2021
NR 21-28
www.sitkagoldcorp.com
Sitka Drills 220.1 m of 1.17 g/t Gold from Surface at its RC Gold
Project in Yukon
VANCOUVER, CANADA – December 13, 2021: Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG)
(FSE:1RF) (OTCQB:SITKF) is pleased to announce assay results from diamond drill hole DDRCCC-21-021 (the
“drill hole” or “Hole 21”) from the Company’s 2021 exploration program at its road accessible, district s cale RC
Gold Project (“RC Gold” or the “Project”) located within the Yukon’s prolific Tombstone Gold Belt (see Figure 1).
The drill hole encountered several intervals of elevated gold values from surface to a depth of 220.1 metres (see
Table 1 and Highlights below).
Hole 21, located in the Saddle West Zone, was drilled under a greater than 500 ppb gold-in-soil anomaly that was
previously identified on surface and is part of a larger 2 kilometre by 500 metre gold-in-soil anomaly that stretches
from the Saddle West Zone to the Eiger Zone (see Figure 2). This drill hole was collared 200 metres south of any
previous drilling conducted and intersected a newly recognized controlling structure to mineralization known as
the Blackjack Fault. The Company is very excited with the exceptional results from Hole 21 and is currently working
on plans for a follow-up drill program. Assay results from five additional holes from the 2021 diamond drill program,
DDRCCC-21-016 through DDRCCC-21-020, are still pending and will be released when received and processed.
Gold assay highlights from DDRCCC-2021-021 include*:
• 220.1 metres of 1.17 g/t gold from 6.0 to 226.1 metres including:
o 103.2 metres of 1.61 g/t gold from 80.8 metres
o 50.5 metres of 2.08 g/t gold from 120.0 metres
o 20.5 metres of 2.85 g/t gold from 150.0 metres
o 6.1 metres of 4.30 g/t gold from 120.0 metres
o 0.2 metres of 35.70 g/t gold from 80.8 metres and
o 0.5 metres of 9.81 g/t gold from 81.0 metres
*see Table 1
“The results from Hole 21 are very impressive and reflect what we believe to be a structurally controlled, high -
grade gold corridor that is running throughout this large intrusion-related gold system”, stated Cor Coe, P.Geo.,
CEO and Director of Sitka. “This gold system is currently interpreted to be approximately 2 kilometres long by 500
metres wide based on the gold-in-soil anomaly surface signature and the drilling conducted to date (see Figure
2). Discovering gold values of this calibre , in what is characteristically a low -grade bulk -tonnage gold deposit
target, exceeded our expectation s and further reinforces our belief that this newly discovered gold-rich system
has the scale and grades necessary to host an economic gold deposit of significant size. Visible gold was identified
in 21 different sections of Hole 21 during core logging and sample preparation , providing additional evidence for
the richness of this gold system (see Image 1).
“In addition to these drill results, we also received assay results for 10 rock samples taken late in the season, after
the completion of Hole 21. These samples, located between 100 and 500 metres south of Hole 21, contained up
to 11.00 g/t gold and define a new area of gold mineralization at surface that significantly expands the Saddle
West Zone (see Figure 2 & 3 and Table 2).
“To add to the excitement of this q uickly advancing discovery, placer gold was newly identified this past summer
in the drainage approximately 1 km below this area (see Figure 2) where placer test pits returned very pure gold
from within the gravels (see Image 2) . This placer gold is likely associated with th e in-situ gold mineralization
encountered in Hole 21 (see Image 1) and in the 2021 prospecting samples from the Saddle West Zone (see
Figure 2). This zone remains open in all directions and we are very keen to follo w up on these results with
additional drilling.
“Exploration efforts at the RC Gold Project continue to deliver impressive results and, with only 19 diamond drill
holes completed across this gold system to date, there is plenty more to discover. We look forward to receiving
results for the remaining 5 d rill holes and rapidly advancing this along with several other underexplored targets
across this district-scale, road accessible property.”
Diamond drill hole DDRCCC 21 -021 (see Figures 2, 3 & 4) was collared approximately 200 metres south of
DDRCCC-21-007, which encountered 318.0 metres of 0.45 g/t gold (see news release dated August 19, 2021),
and DDRCCC-20-002, which returned 100.0 metres of 0.82 g/t gold and 2.0 metres of 16.1 g/t gold (see news
release dated November 23, 2021). Hole DDRCCC 21 -021 was drilled to wards the northwest to test for
mineralization down slope and below these two holes. The hole collared and remained in a multi-phase intrusive
feldspar megacrystic granite associ ated with the significant gold grades reported herein from surface to 221.3
metres downhole , where it transitioned to a marginal dike and sill complex and sparsely mineralized
metasedimentary country rocks. Gold mineralization is associated with steeply dipping east-west trending sheeted
quartz-sulphide veins with accessory arsenopyrite, chalcopyrite, pyrr hotite, scheelite, and bismuthinite. A newly
recognized structure , named the Blackjack Fault, was intersected between 91.2 and 107.3 metres and is
interpreted to trend approximately north -south and appears to be an important mineralizing control on the east -
west trending mineralized vein system.
Figure 1: Regional Map of the RC Gold Project
Table 1: Diamond Drill Analytical Results for DDRCCC-21-021
Hole ID Azimuth (°) Dip (°) From (m) To (m) Interval* (m) Au (g/t)
DDRCCC-21-021 320 -45 6.00 226.10 220.10 1.17
including 11.00 187.00 176.00 1.27
including 43.00 71.00 28.00 1.36
including 80.80 184.00 103.20 1.61
including 80.80 81.00 0.20 35.70
including 81.00 81.50 0.50 9.81
Including 120.00 170.50 50.50 2.08
including 120.00 126.10 6.10 4.30
including 123.60 126.10 2.50 6.13
including 150.00 170.50 20.50 2.85
*Intervals are drilled core length, as insufficient drilling has been undertaken to determine true widths at this time
Figure 2: Plan Map of the RC Gold Project’s Saddle-Eiger Zone
Figure 3: Plan Map of Drill Hole 21 and Surface Prospecting Gold (g/t) Assay Results
Figure 4: Cross-Section of DDRCCC-21-021
Table 2: Analytical Results for Prospecting Rock Samples
Sample ID Easting Northing Type Au (g/t)
1807951 396910 7085002 Float 0.12
1807954 396944 7085292 Outcrop 11.00
1807955 397042 7085187 Outcrop 2.74
1807956 397009 7085120 Float 1.10
1807958 396871 7085220 Float 0.01
1807959 396917 7085178 Float 0.62
1807960 396933 7085172 Float 0.02
1807962 396926 7085101 6 cm chip 5.17
1807963 396900 7085112 8 cm chip 8.62
1807964 396806 7085216 Float 5.08
Image 1: Photographs of visible gold observed in DDRCCC-21-021
from 80.8 to 81.0 metre interval which graded 35.70 g/t gold
Image 2: Photograph of Placer Gold Down-Drainage from Hole 21 & Surface
Prospecting Area
The Company completed a 15-hole, 5,000-metre diamond drill program on the Saddle-Eiger zone at the RC Gold
Project during the 2021 exploration season. Assay results for the first 9 holes (DDRCCC -21-007 through
DDRCCC-21-015) have now been received and released. Assay results for the next five holes, DDRCCC-21-016
through DDRCCC-21-20, are pending:
• DDRCCC-21-016 and -017 were drilled at the Eiger zone.
• Drill holes DDRCCC -21-018 through DDRCCC -21-020 were drilled at the Saddle Ridge zone ,
approximately halfway between the Eiger zone and the Saddle West zone.
• Drill hole DDRCCC-21-021 was drilled at the Saddle West Zone, approximately 2,000 metres west of the
Eiger zone (see Figure 1).
Including the four discovery holes drilled in 2020, the Company has completed 19 drill holes to date at the Saddle-
Eiger target area for a total of 6,494 metres.
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 North Vancouver, BC. Each sample was assayed for gold by 50 gram fire assay
Au-ICP22 as well as by ICP ME-MS41 for a suite of 51 elements. Samples containing greater than 10 g/t Au were
analyzed by fire assay with a gravimetric finish (Au-GRA22).
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 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 Tintina Gold
Belt and of the 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 reach ed commercial production in
the summer of 2020 —and Golden Predator's Brewery Creek Gold Mine. The RC Gold Project land package
comprises five underlying properties, namely, the RC, Bee Bop, Mahtin, Clear Creek , and Barney Ridge
properties*.
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 g old 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 tonnes at 0.3 g/t Au (2.471 million ounces; Sims 2018) (1); Eagle
Gold Mine with current Proven and Probable Reserves of 155 million tonnes at a diluted grade of 0.65 g/t Au at
the Eagle and Olive deposits (3.261 million ounces; Goodwin et al. 2019) (2); the Brewery Creek epizonal deposit
with current Indicated Mineral Resource of 22.2 million tonnes at a gold grade of 1.11 g/t (0.789 million ounces;
Hulse et al. 2020) (3); and the Florin Gold deposit, located adjace nt to Sitka’s RC Gold project, with a current
Inferred Mineral Resource of 170.99 million tonnes grading 0.45 g/t (2.47 million ounces; Simpson 2021) (4).*
(1) Sims J. Fort Knox Mine Fairbanks North Star Borough, Alaska, USA National Instrument 43-101 Technical Report. June
11, 2018.
https://sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00005795&issuerType=03&projectNo=03236138&
docId=4984158
(2) Goodwin R, Gray P, Jutras M, Tang S, Wilbur S. Technical Report for the Eagle Gold Mine, Yukon Territo ry,
Canada. JDS Energy & Mining Inc. December 6, 2019.
https://vitgoldcorp.com/site/assets/files/6480/jds-vit-eagle-gold-ni-43-101-fs-report-20191206.pdf
(3) Hulse D, Emanuel C, Cook C. NI43 -101 Technical Report on Mineral Resources. Gustavson Associates. May 31, 2020.
https://www.goldenpredator.com/_resources/Brewery-Creek_NI-43-101-05OCT2020-File.pdf
(4) Simpson R. Florin Gold Project NI43-101 Technical Report. Geosim Services Inc. April 21, 2021.
https://sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00005795&issuerType=03&projectNo=
03236138&docId=4984158
About Sitka Gold Corp.
Sitka Gold Corp. is a mineral exploration company headquartered i n Canada that is fully funded for its 2021
exploration programs with the recent completion of a $6.37 million financing. The Company is managed by a team
of experienced industry professionals and is focused on exploring for economically viable mineral depo sits 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.G eo.,
Director and CEO of the Company, and a Qualified Person (QP) as defined by National Instrument 43 -101.