Sitka Drills 82.0 Metres of 0.61 g/t Gold at RC Gold in Yukon
NEWS RELEASE
October 21, 2021
NR 21-26
www.sitkagoldcorp.com
Sitka Drills 82.0 Metres of 0.61 g/t Gold at RC Gold in Yukon
VANCOUVER, CANADA – October 21 , 2021: Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG)
(FSE:1RF) (OTCQB:SITKF) is pleased to announce the results for 3 additional diamond drill holes from the
Company’s 2021 exploration program at the Sadd le – Eiger zone on its RC Gold P roject (“RC Gold” or the
“Project”). The results presented herein are for holes DDRCCC -21-013, DDRCCC -21-014, and DDRCCC -21-
015 all of which were drilled in the Eiger z one, located at the east en d of the 2,000 m etres long Saddle – Eiger
target (Figure 1).
Highlights from these drill holes include*:
• 213 metres of 0.45 g/t gold from 113.0 to 326.0 metres in hole DDRCCC 21-013 including:
o 59.0 metres of 0.62 g/t gold from 267.0 to 326.0 metres including:
o 15.0 metres of 1.25 g/t gold from 299.0 to 314.0 metres.
• 212 metres of 0.41 g/t gold from 265.0 to 477.0 metres in hole DDRCCC 21-014 including:
o 82.0 metres of 0.61 g/t gold from 273.0 to 355.0 metres and:
o 10.0 metres of 1.15 g/t gold from 154.0 to 164.0 metres
*see Table
“The results from these holes continue to demonstrate the significant potential of the Eiger zone, and have
greatly increased our confidence in the continuity, both laterally and to depth, of higher density mineralized
corridors within this zone.” states Cor Coe, CEO of Sitka . “The projection of these structurally controlled higher
grade corridors towards the Saddle zone, 2,000 metres to the west where we intersected 318 metres of 0.45 g/t
gold earlier this year in hole DDRCCC -21-007, including 32 metres of 1.23 g/t gold (see news release dated
August 19, 2021), has us very excited about the potential size of this deposit.”
DDRCCC 21 -013 was a 90 m step -back hole from DDRCCC -21-012 and collared in sediments before
intersecting the Eiger stock at 82.9 m downhole and remaining in diorite and later intrusive dikes until the end of
the hole at 476 m. The average grade of the intrusive units from 82.8 m to end of hole at 476 m is 0.32 g/t gold
over 393.2 metres. Gold mineralization is best developed within the intrusive units and primarily associated with
quartz veining associated with increased amounts of arsenopyrite and bismuthinite. The highest grade
composite interval of 15 m grading 1.25 g/t Au between 299 m and 314m is centered over a 4.6 m intersection
of feldspar porphyritic dike which correlates approximately 120 m down dip of a 7 m interval gr ading 1.20 g/t
gold from hole DDRCCC-21-012 (see news release dated September 22, 2021).
DDRCCC 21-014 was drilled as a step -back from hole DDRCCC-21-009 (see news release dated August 19,
2021) to intersect mineralization approximately 100 m below that hole. This hole collared in sedimentary rocks
and intersected the Eiger diorite stock at 270.9 m downhole to the end of hole at 490.3 m. Si gnificant
mineralization associated with increased densities of quartz veining was encountered within the sediments
adjacent to the contact with the Eiger stock, and throughout the Eiger stock itself.
DDRCCC 21 -015 was collared to the east and at the sout hern extent of drilling at the Eiger zone. The hole
collared in and remained in sediments to 293.35 m downhole before cros sing into Eiger stock diorite.
Figure 1 – Drill Hole Locations
Table 1 - RC Gold Project Additional 2021 Drill Results*
Hole ID Azimuth (°) Dip (°) From (m) To (m) Length (m) Au (g/t)
DDRCCC-21-013 340 -50 113 326 213 0.45
including 113 145 32 0.66
including 193 195.9 2.9 1.35
including 121 145 24 0.71
including 267 326 59 0.62
including 299 314 15 1.25
including 299 301.8 2.8 4.31
DDRCCC-21-014 340 -50 265 477 212 0.41
including 299 355 56 0.65
including 353 355 2 4.45
including 273 355 82 0.61
including 321 323 2 4.5
including 447 469 22 0.57
including 461 463 2 2.40
and 221 224 3 1.50
and 154 164 10 1.15
including 154 156 2 4.23
DDRCCC-21-015 340 -50 59.5 60.4 0.9 0.70
and 200 204 4 0.40
and 272 378 106 0.14
including 303 307 4 0.60
*Intervals are drilled core length, as insufficient drilling has been undertaken to determine true widths at this time.
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 result s for the first 9 holes (DDRCCC -21-007 through
DDRCCC-21-015) have now been received and released. Assay results for the 6 holes DDRCCC -21-016
through DDRCCC -21-21 are pending. DDRCCC -21-016 & -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
stock approximately 2,000 metres west of the holes reported in th is news release. Including the four discovery
holes drilled in 2020, the Company has completed 19 drill holes 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 30 gram fire
assay Au-ICP21 as well as by ICP ME-MS41 for a suite of 51 elements. Samples containing greater than 10 g/t
Au were analyzed by the Au-GRA22 method.
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 h eart of Yukon's Tintina Gold Belt and
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 Barney 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 seve ral 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 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 m illion 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 adjacent 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 Territory,
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 in Canada that is fully funded for its planned
2021 exploration programs with the recent completion of a $6.37 million financing. The Company is managed by
a team of experienced industry profe ssionals 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 an d 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
Cautionary and Forward-Looking Statements
This news release contains forward ‐looking statements and forward ‐looking information within the meaning of
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“intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions.
Forward-looking statements and information are provided for the purpose of providing inform ation about the
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that reliance on such statements and information may not be appropriate for other purposes, such as making
investment decisions. Since forward‐looking statements and information address future events and conditions,
by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and ris ks. These include, but are not limited to, the expected
timing and terms of the private placement, use of proceeds, anticipated work program, required approvals in
connection with the work program and the ability to obtain such approvals. Accordingly, read ers should not
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