Sitka Drills 85.0 Metres of 1.12 Grams PER Tonne GOLD and Reviews 2024 Highlights at the Rc GOLD Project IN Yukon
NEWS RELEASE
January 7, 2025
NR 25-01
www.sitkagoldcorp.com
SITKA DRILLS 85.0 METRES OF 1.12 GRAMS PER
TONNE GOLD AND REVIEWS 2024 HIGHLIGHTS AT
THE RC GOLD PROJECT IN YUKON
VANCOUVER, CANADA – January 7, 2025: Sitka Gold Corp. (“Sitka” or the “Company”)
(TSXV:SIG) (FSE:1RF) (OTCQB:SITKF) is pleased to summarize the highly successful 2024
exploration season and announce final results from the 2024 diamond drilling program conducted at its
road accessible, 431 square kilometre RC Gold Project (“RC Gold” or the “Project”) located
approximately 100 kilometres east of Dawson City in Yukon’s prolific Tombstone Gold Belt. The
mineralized system at the Blackjack deposit continues to grow well beyond the initial resource
announced in January 2023 with the impressive results from the drill campaigns conducted in 2023 and
2024. The Company completed 9,264 metres of drilling this year focused on expanding the Blackjack
zone in addition to completing the first ever diamond drilling of the Rhosgobel and Pukelman intrusions
with significant gold mineralization intersected in all targeted intrusions. Drill results continue to
significantly expand the Blackjack gold deposit area, intersecting strong gold mineralization near
surface, at depth, and to the south in holes DDRCCC-24-069 to 072. Initial drilling at the Pukelman
intrusion has also returned promising gold values from DDRCCC-24-073 and 074, the first two diamond
drill holes completed by Sitka (see Table 2).
Select assay highlights from 2024 diamond drilling at RC Gold:
●
191.0 m of 1.16 g/t gold from 327 m in DDRCCC-24-057 including 54.6 m of 2.54 g/t gold
from 453.4 m
●
154.0 m of 1.47 g/t gold from 354.0 m in DDRCCC-24-058 including 37.0 m of 3.07 g/t gold
from 449.0 m
●
290.5 m of 1.10 g/t gold from 236.0 m in DDRCCC-062 including 105.0 m of 1.68 g/t gold
from 421.6 m
●
99.2 m of 1.01 g/t gold from 448.5 m in DDRCCC-24-067
●
678.1 m of 1.04 g/t gold from 4.4 m in DDRCCC-24-068 including 93.0 m of 2.57 g/t gold from
589.5 m
●
85.0 m of 1.12 g/t gold from 433 m in DDRCCC-24-072 (this release)
●
119.0 m of 1.05 g/t gold from 30.0 m in DDRGCC-24-001 including 37.9 m of 2.05 g/t gold
from 98.5 m
“Our work at RC Gold this past year continues to demonstrate the vast potential of this district-scale
property to host large, economic gold resources”, said Cor Coe, Director and CEO of Sitka Gold.
“Results from 2024 have highlighted the persistent and strong gold values present at several targets
across this project with numerous occurrences of visible gold observed and several greater than +100
gram-metre intervals intercepted in multiple drill holes across the Blackjack target and in our initial
drilling of the Rhosgobel and Pukelman intrusions (see Figure 1 and Table 1). Drilling at RC Gold has
now confirmed potential economic grade gold mineralization exists within 4 of the known gold bearing
intrusions that have been investigated to date at the Clear Creek Intrusive Complex, namely the
Blackjack, Eiger, Rhosgobel and Pukelman targets, showcasing exceptional potential for this gold
system to host multiple gold deposits of significant size and grade. Drilling also significantly grew
potential tonnage at our Blackjack gold deposit, producing some exceptional results including our best
intercept to date from Hole 68 which returned 678.1 metres of 1.04 grams per tonne gold. Blackjack
has produced many impressive drill intersections since our discovery there at the end of 2021, including
twenty two (22), +100 gram-metre intersections, 13 of which are outside of the initial resource area
highlighting the growing size and grade potential of this gold deposit (see Table 3). With a fully funded
30,000 metre drill program planned for 2025, we eagerly look forward to building on the success of the
past year as we aim to unlock additional value at RC Gold for our shareholders”.
Table 1: Intercepts of over 100 gram-metres from intrusive targets drilled at RC Gold
Hole ID
From (m)
Interval (m)*
Gold (g/t)
Gram-metres (g-m)
65.0
surface
120.0
46.0
253.0
4.2
46.0
4.5
16.0
19.0
2.8
2.8
75.0
8.0
231.0
220.1
50.5
273.0
62.0
205.8
91.0
107.5
66.0
349.0
145.2
33.8
399.5
199.5
0.61
1.17
2.08
0.52
1.21
1.00
1.61
1.44
2.11
0.71
0.91
1.42
0.64
1.27
140.9
257.4
BLACKJACK ZONE
DDRCCC-20-002
DDRCCC-21-021
Including
DDRCCC-22-022
Including
DDRCCC-22-023
Including
DDRCCC-22-024
Including
DDRCCC-22-025
DDRCCC-22-030
Including
DDRCCC-22-038
DDRCCC-22-040
142.0
205.8
154.8
247.8
132.1
255.7
253.4
including
DDRCCC-23-041
including
DDRCCC-23-042
including
DDRCCC-23-043
DDRCCC-23-044
DDRCCC-23-046
and
including
DDRCCC-23-047
Including
DDRCCC-24-057
including
8.0
200.0
281.8
273.7
381.5
4.0
107.2
134.0
326.1
327.8
190.0
233.0
327.0
453.8
90.0
292
70.2
215.1
30.7
449.0
161.8
56.0
4.3
1.2
219.0
126.0
191.0
54.6
2.01
1.00
2.09
0.99
2.19
0.74
0.71
1.23
33.10
108.0
1.36
2.04
1.16
2.54
including
DDRCCC-24-058
including
including
DDRCCC-24-061
DDRCCC-24-062
including
DDRCCC-24-067
DDRCCC-24-068
including
459.0
157.0
354.0
449.0
127.5
236.0
421.6
448.5
4.4
589.5
11.0
351.0
154.0
37.0
206.0
290.5
105.0
99.2
678.1
93.0
5.80
0.85
1.47
3.07
0.64
1.10
1.68
1.01
1.04
2.57
including
DDRCCC-24-072
589.5
19.5
5.5
170.0
17.60
0.60
including
24.0
9.4
1.17
Including
96.5
1.7
7.13
and
433.0
85.0
1.12
DDRGCC-24-001
9.1
164.8
0.82
including
30.0
119.0
1.05
including
DDRGCC-24-002
98.5
97.0
37.9
173.3
2.05
0.60
including
105.0
28.4
1.37
including
167.1
17.4
1.12
DDRCCC-24-074
53.0
343.0
0.34
including
98.0
9.1
1.10
including
230.0
6.0
1.09
including
250.0
10.0
1.02
including
336.0
8.0
1.08
DDRCCC-20-003
DDRCCC-20-004
5.0
5.9
297.0
273.1
0.37
0.41
110.0
112.0
including
DDRCCC-21-009
131.9
76.0
141.1
359.5
0.61
0.41
147.0
including
DDRCCC-21-010
76.0
39.0
72.0
402.5
0.72
0.40
161.0
including
136.5
37.8
1.03
DDRCCC-23-054
surface
84.0
1.21
including
37.0
51.1
1.52
292.0
215.1
332.3
114.9
142.3
286.9
221.6
298.4
131.8
319.6
100.2
705.2
102.0
RHOSGOBEL
135.0
104.0
PUKELMAN
117.0
EIGER
SADDLE
102.0
*Intervals are drilled core length, as insufficient drilling has been undertaken to determine true widths at this time
Table 2: Summary of significant drill hole results from this release
Hole
From (m)
To (m)
Length (m)
Au (g/t)
DDRCCC-24-069
and
DDRCCC-24-070
Including
Including
And
DDRCCC-24-071
Including
Including
And
And
Including
Including
And
Including
DDRCCC-24-072
Including
Including
Including
Including
Including
Including
Including
Including
Including
Including
Including
Including
Including
Including
Including
DDRCCC-24-073
Including
Including
Including
And
Including
DDRCCC-24-074
Including
And
Including
And
And
And
Including
And
122.5
146.0
2.3
2.3
53.0
80.2
221.4
241.5
241.5
254.3
491.5
491.5
519.0
570.0
588.5
13.5
19.5
24.0
96.5
164.0
175.0
180.5
314.7
379.3
433.0
539.7
636.5
637.6
677.8
677.8
716.9
42.0
48.0
50.0
58.5
345.0
351.9
98.0
98.0
230.0
230.0
250.0
278.0
321.0
336.0
388.0
126.0
148.0
82.9
54.5
54.5
82.9
258.9
256.0
243.0
256.0
601.5
522.0
522.0
601.5
591.0
724.0
189.5
33.4
98.2
165.3
194.0
186.5
337.0
386.4
518.0
542.0
643.7
638.8
699.5
679.0
724.0
88.0
59.7
50.9
59.7
362.0
354.1
141.7
107.0
260.0
236.0
260.0
279.5
390.0
344.0
390.0
3.5
2.0
80.6
52.2
1.5
2.7
37.6
14.5
1.5
1.7
110.0
30.5
3.0
31.5
2.5
710.5
170.0
9.4
1.7
1.3
19.0
6.0
22.3
7.1
85.0
2.3
7.2
1.2
21.7
1.2
7.1
46.0
11.7
0.9
1.2
17.0
2.1
43.8
9.1
30.0
6.0
10.0
1.5
69.0
8.0
2.0
1.16
5.45
0.93
1.10
4.84
3.24
1.56
3.43
9.60
17.65
0.68
0.71
3.72
1.46
5.02
0.51
0.60
1.17
7.13
14.30
1.15
2.77
1.04
1.47
1.12
6.79
2.96
14.10
0.92
7.77
1.09
0.51
1.04
3.96
3.39
1.07
3.00
0.50
1.10
0.65
1.09
1.02
3.79
0.50
1.08
3.18
*Intervals are drilled core length as insufficient drilling has been completed at this time to calculate true widths. Totals may not sum precisely
due to rounding.
Figure 1: Examples of instances of visible gold observed from various intrusive targets that were drilled
in 2024. Visible gold was observed in numerous drill holes completed this past year at the Blackjack
zone, from near surface to a depth of 679.8 m, and in the first ever diamond drill holes at the Rhosgobel
and Pukelman intrusions located approximately 5 km south and 2.5 km southeast respectively from the
Blackjack deposit, demonstrating the scale and robust nature of gold mineralization present at the Clear
Creek Intrusive Complex.
2024 Exploration Drilling Highlights
Blackjack Zone
Drilling in 2024 was successful in expanding the limits of the Blackjack zone beyond the initial resource
area of the Blackjack deposit. The drilling in 2024 expanded the gold mineralization at the Blackjack
zone approximately 250 m to the south-east, and over 200 m down dip from the current resource
demonstrating the robust nature of the Blackjack Zone. Drilling in 2024 also produced several of the
highest grade intersections into the Blackjack zone, including Hole 68 that intersected 678.1 m of 1.04
g/t gold including a 93.0 m interval of 2.57 g/t gold starting at 589.5 m depth. Deep high-grade
mineralization in Hole 57, including an interval of 11.0 m of 5.80 g/t gold within 89.0 m of 2.03 g/t gold
starting at 419.0 m, was another highlight from this year's drilling. Two drill holes were completed to
over 700 m depth in 2024 and indicate a higher-grade mineralized conduit within a broader mineralized
corridor persists to depth. Additional drilling at depth is needed to more precisely model the shape and
angle that the high-grade mineralization follows and target the source of the Blackjack mineralized
system. Drilling also focused on expanding the zone to the south-east following the trend of the
intrusion. Hole 67 intersected mineralization over its entire length including 99.2 m of 1.10 g/t gold
while hole DDRCCC-24-071 has intersected 37.6 m of 1.56 g/t gold including subintervals of 14.5 m
of 3.43 g/t gold and 1.7 m of 17.65 g/t gold, and an additional intersection of 110.0 m of 0.68 g/t gold
including 31.5 m of 1.46 g/t gold with a high-grade subinterval of 2.5 m of 5.02 g/t gold. The zone
remains strong to the south-east and additional drilling will be conducted to define the mineralization in
this direction. Additional drilling is also required to the north-east where mineralization remains open
towards the Saddle zone located 450 m beyond the Blackjack resource, where drilling in 2023
intersected 84.0 m of 1.21 g/t gold in Hole 54. Drilling to date at Blackjack has produced twenty two
(22), +100 gram-metre drill hole intersections, 13 of which are outside of the initial resource area
highlighting the growing size and grade potential of this gold deposit.
Table 3: +100 gram-metre intersections from diamond drilling at the Blackjack Zone
9 Drill Holes Included in Initial Resource Estimate
Hole ID
DDRCCC-20-002
DDRCCC-21-021
Including
DDRCCC-22-022
Including
DDRCCC-22-023
Including
DDRCCC-22-024
Including
DDRCCC-22-025
DDRCCC-22-030
Including
DDRCCC-22-038
DDRCCC-22-040
including
From
(m)
65
surface
120
46
253
surface
46
4.5
16
19
surface
surface
73
8
8
Interval
(m)*
231
220
50.5
273
62
205.8
91
107.5
66
349
146.6
33.8
401.5
201
90
Gold
(g/t)
0.61
1.17
2.08
0.52
1.21
1.01
1.61
1.44
2.11
0.71
0.9
1.42
0.63
1.26
2.04
Gram-metres
(g-m)
140.9
257.4
142
207.9
154.8
247.8
131.9
252.9
253.3
13 Drill Holes Not Included in Initial Resource Estimate
Hole ID
From
(m)
Interval
(m)*
DDRCCC-23-041
including
DDRCCC-23-042
including
DDRCCC-23-043
DDRCCC-23-044
DDRCCC-23-046
and
including
DDRCCC-23-047
Including
DDRCCC-24-057
including
including
DDRCCC-24-058
DDRCCC-24-061
DDRCCC-24-062
including
DDRCCC-24-067
DDRCCC-24-068
including
including
DDRCCC-24-072
including
Including
and
200
234
273.7
381.5
4
107.2
134
326.1
327.8
190
233
327
419
459
157
127.5
236
421.6
448.5
4.4
589.5
589.5
19.5
24
96.5
433
292
75
215.1
30.7
449
161.8
56
4.3
1.2
219
124.8
191
89
11
351
206
290.5
105
99.2
678.1
93
5.5
170
9.4
1.7
85
Gold
(g/t)
1
2.05
1
2.19
0.74
0.71
1.23
33.1
108
1.31
2.01
1.16
2.03
5.8
0.85
0.64
1.1
1.68
1.01
1.04
2.57
17.6
0.60
1.17
7.13
1.12
Gram-metres
(g-m)
292
215.1
332.3
114.9
142.3
286.9
221.6
298.4
131.8
319.6
100.2
705.2
102
*Intervals are drilled core length, as insufficient drilling has been undertaken to determine true widths at this time
Rhosgobel Intrusion
The first two diamond drill holes drilled at the Rhosgobel intrusion both produced > +100 g-m
intersections confirming the potential for another reduced intrusion related-gold deposit at RC Gold.
Historical shallow reverse circulation drilling conducted in the 1990’s identified widespread gold
mineralization at the Rhosgobel intrusion (see news release dated November 25, 2024) while these two
diamond drill holes demonstrated the mineralization persists to depths of at least 300 m (see news
release dated November 25, 2024). Drill holes DDRCRG-24-001 and 002 intersected 164.8 metres of
0.82 g/t gold from 9.0 m with a subinterval of 11.5 m of 4.32 g/t gold, and 173.3 m of 0.60 g/t gold
from 97.0 m with a subinterval of 12.4 m grading 2.43 g/t gold respectively. The gold mineralization at
Rhosgobel is hosted in sheeted quartz and quartz tourmaline veins cutting the feldspar megacrystic
quartz monzonite intrusion that is a similar composition to the intrusion which hosts the Blackjack
deposit located 5 kilometres to the north. Diamond drilling producing oriented drill core has provided
Sitka with valuable information on the controls and orientation of gold mineralization and structures in
this new discovery confirming the geological model developed from exploration within other areas of the
Clear Creek Intrusive Complex. The next phase of drilling will test the model that indicates a large
east-west trending mineralized zone as indicated by the current diamond drill results, the 1.5 by 2.0
kilometre gold-in-soil anomaly with values up to 500 ppb gold (see news release dated November 25,
2024), historical shallow reverse circulation drilling, and recent geological mapping and sampling
results.
Pukelman Intrusion
The final two drill holes of 2024 targeted the Pukelman intrusion which previously had only two shallow
reverse circulation drill holes completed in 1992. The first two diamond drill holes in this intrusion both
intersected widespread gold mineralization with DDRCCC24-074 returning 343.0 m grading 0.34 g/t
gold including three subintervals which returned 43.8 m of 0.50 g/t gold, 30.0 m of 0.65 g/t gold and
69.0 m of 0.50 g/t gold and DDRCCC24-073 returning 154.0 m grading 0.31 g/t gold from 18.0 m
including 46.0 m of 0.51 g/t gold and also 17.0 m of 1.07 g/t gold from 345 m (see Figure 8). The
Pukelman intrusion is exposed over approximately 1.2 by 0.6 km and the drilling was completed on the
margin of a 1.6 x 1.2 km gold-in-soil anomaly where existing road infrastructure allowed late season
access (see Figure 9). The drilling intersected abundant sheeted quartz veining within feldspar
megacrysitc quartz monzonite of similar composition to the intrusion hosting the Blackjack deposit and
the Rhosgobel discovery located approximately 2 km north and 3 km south respectively. Oriented
diamond drill core confirmed Sitka’s geological modelling of controls on mineralization and have
provided valuable information for additional drilling that will vector to the higher grade areas of the
intrusion as indicated by the soil geochemistry, geological mapping and surface sampling.
Historically exploration near the Pukelman intrusion focused just beyond the southern boundary of the
exposed intrusion approximately 500 m south of the current drilling in the “Contact zone”. Historical
drilling in the Contact zone returned values up to 20.46 g/t gold over 10.7 m and 1.20 g/t gold over
43.4 m within sheeted veining hosted in metasediments and intrusive dykes. The discovery holes
drilled within the Pukelman intrusion in 2024 along with historical drilling in the Contact zone outside of
the intrusion and the expanded gold-in-soil geochemical anomaly underlying the area present a large
target for the potential discovery of additional economic resources.
Click HERE for a table of all significant assay results from 2024 drill holes completed at RC Gold.
Figure 2: Plan map showing multiple priority target areas across the recently consolidated Clear Creek
Intrusive Complex with gold in soil geochemistry. Drilling in 2024 focused on testing multiple targets
including resource expansion at Blackjack and the first diamond drilling of the Rhosgobel and
Pukelman intrusions within this large mineralized system. All of the areas tested in 2024 intersected
+100 g-m gold in drill holes indicating potentially economic reduced intrusion-related gold
mineralization.
2024 Regional Exploration Highlights
Sitka completed regional exploration on targets outside of the Clear Creek Intrusive Complex with a
team of geologists from Sitka and Archer Cathro, a highly experienced Yukon based consulting
company. Regional work was directed at assessing the potential of other known reduced intrusion
related gold systems within the 431 square kilometre land package comprising the RC Gold Project.
Geological mapping, rock and soil sampling were conducted and the potential of the May-Qu, Mahtin
and Alp target areas to host potential economic deposits were enhanced. A zone of intrusion hosted
sheeted quartz veins was expanded to over 400 m wide in the May-Qu target area with results from
grab sampling returning trace to 31.7 g/t gold. The Mahtin target produced grab samples samples from
trace to 11.05 g/t gold in calc-silicate skarn peripheral to the intrusion and soil geochemistry in the Alp
target identified and area 850 m in length anomalous in gold, arsenic, bismuth and tellurium suggesting
an as yet undiscovered, buried Tombstone Suite intrusion (see news release dated December 2, 2024).
Drill Hole Descriptions for DDRCCC-24-069 to 073
Blackjack
DDRCCC-24-069
Drill hole DDRCCC-24-069 was drilled at an azimuth of 035 degrees and a dip of -75 degrees. The hole
remained in metasediments (biotite schist) to 202.1 m intersected by a large fault zone from 57.0-120.0
m. The hole was abandoned in the fault zone and did not reach the planned depth. Local intersections
of gold mineralization were hosted in quartz veins with arsenopyrite within the metasediment. The best
result returned from DDRCCC-24-069 was 2.0 m of 5.40 g/t Au from 146.0 m.
DDRCCC-24-070
Drill hole DDRCCC-24-070 was drilled at an azimuth of 030 degrees and a dip of -45 degrees to a final
length of 256.0 m. The hole intersected several zones of mineralized quartz monzonite and feldspar
porphyry cut by abundant 1-2 cm sheeted quartz-arsenopyrite +/- scheelite veins within weakly to
locally moderately altered metasediments (biotite schist). Two lamprophyre dykes were intersected at
63.5-64.5 m and 138.3-143.8 m with a large fault zone (143.1-157.0 m) cutting the footwall of the
second lamprophyre. Visible gold was observed at 30.0 m. DDRCCC-24-070 demonstrates that the
mineralization encountered in DDRCCC-22-025 (221.0 m of 1.01 g/t Au - see press release dated June
13, 2022) extends to surface, with 80.6 m of 0.93 g/t from 2.3 m, including 52.2 m from of 1.10 g/t Au
from 2.3 m and 1.5 m of 4.84 g/t Au from 53.0 m.
DDRCCC-24-071
Drill hole DDRCCC-24-071 was drilled from the southwest of the south saddle intrusion towards the
northeast at an azimuth of 035 degrees and a dip of -50 degrees. The hole intersected several zones of
sheeted quartz-sulphide vein hosted
mineralization
within feldspar megacrystic and vari-textured
quartz monzonite throughout its entire length. Strong gold mineralization was encountered within
several sections of the hole including 37.6 m of 1.56 g/t Au from 221.1 m, including 14.5 m of 3.43 g/t
Au from 241.5 m and 1.7 m of 17.65 g/t Au from 254.3 m, and 110.0 m of 0.68 g/t from 491.5 m and
31.5 m of 1.46 g/t Au from 570 m including 2.5 m of 5.02 g/t Au from 588.5 m.
DDRCC-24-072
DDRCCC-24-072 was drilled from the same location as DDRCCC-24-068 with a similar azimuth of 100
degrees but a shallower dip of -65 degrees. The hole intersected dominantly megacrystic quartz
monzonite (MCQM) to approximately 200 m, metasediment until approximately 275 m, then a dyke
swarm of MCQM within the metasediments until the end of the hole at 757.4 m (see Figure 5). Sheeted
quartz veins locally hosting arsenopyrite, scheelite and bismuthinite and visible gold cross-cut both the
MCQM and the metasediments, with generally a higher density of narrower veins in the MCQM and a
lower density of thicker veins in the metasediments. A 4.2 m quartz vein intersected in metasediments
at 636.5 m containing abundant visible gold is the thickest quartz vein encountered in drilling to date,
demonstrating that significant gold mineralization can occur in the host metasedimentary rock at the
Blackjack Deposit (see Figures 1 and 7).
Gold mineralization occurred throughout the length of DDRCCC-24-072, with the 710.5 m interval from
13.5 m returning 0.51 g/t Au (see Table 2). Higher grade intervals within the hole included 1.3 m of 14.3
g/t Au from 164.0 m and 85.0 m of 1.12 g/t Au from 433.0 m, including 1.12 m of 14.10 g/t Au in the 4.2
m quartz vein at 637.6 m.
Figure 3: Examples of visible gold observed in Holes 71 and 72 at the Blackjack zone and in Hole 73 at
the Pukelman intrusion.
Figure 4: Plan map of drilling at the Blackjack Deposit showing the location of holes DDRCCC-24-069
to -072 (this release).
Figure 5: Cross section of DDRCCC-24-072 showing the mineralized intersection. Hole 72 was
mineralized over its entire length and was drilled to a depth of 757.43 metres. Hole 72 is offset from
Hole 68 by approximately 90 m at depth and is interpreted to have intersected a broader gold
mineralized envelope within metasediments and intrusive dyke swarms peripheral to the high-grade
core of mineralization intersected in Hole 68.
Figure 6: Drill core from DDRCCC-24-071 showing strongly altered metasediments intruded by MCQM
and finer grained granodiorite dykes containing part of the interval of 37.6 m of 1.56 g/t Au from 221.1
m, including 14.5 m of 3.43 g/t Au from 241.5 m. Note the visible gold occurrence at 242.0 m.
Figure 7: Drill core from DDRCC-24-072 showing the 4.2 m quartz vein intersected in metasediments
at 636.5 m and the interval of 1.12 m of 14.10 g/t Au at 637.6 m. Note the abundant instances of
bismuthanite and visible gold.
Click HERE for additional cross sections of DDRCCC-24-069 to 071
Pukelman Intrusion Drill Results
DDRCCC-24-073 and DDRCCC-24-074 were drilled from the same site to test sheeted quartz vein
mineralization in the Pukelman intrusion where historical reverse circulation drill hole CCRC-92-1
returned 10.0 metres of 1.02 g/t Au and 4.0 metres of 1.55 g/t Au (see Figures 8 and 9). The holes
were located approximately 500 metres north of the Contact Zone where 2,368 metres of historical
shallow reverse circulation and diamond drilling had returned broad zones of gold mineralization such
as 43.4 metres of 1.2 g/t Au as well as intervals of higher-grade mineralization such as 10.7 metres of
20.46 g/t Au including 1.52 metres of 137.5 g/t Au (see news release dated June 24, 2024).
DDRCCC-24-073 was drilled at an azimuth of 190 degrees and a dip of -55 degrees to a total length of
406.3 metres while DDRCCC-24-074 was drilled at the same azimuth with a -75 degree dip to a final
length of 437.4 m. Both holes intersected megacrystic quartz monzonite similar to that hosting
mineralization at the Blackjack Zone throughout their entire lengths. Mineralization consisted of 1-2 cm
sheeted quartz veins (1-2 per several metres up to 5-8 per metre) with, minor scheelite, pyrrhotite,
arsenopyrite, and pyrite.
Gold mineralization occurred throughout the lengths of DDRCCC-24-073 and DDRCCC-24-074 and
visible gold was noted in both holes (see Tables 1, 2 and Figures 3, 8 and 9). Near surface
mineralization in DDRCC-24-073 included 46.0 m of 0.51 g/t Au from 42.0 m including 11.7 m of 1.04
g/t Au from 48.0 m while deeper mineralization included 17.0 m of 1.07 g/t from 345.0 m. Significant
intervals is DDRCCC-24-074 were 43.8 m of 0.50 g/t Au from 98.0 m; 10.0 m of 1.02 g/t from 250.0 m;
8 m of 1.08 g/t Au from 336 m and 2.0 m of 3.18 g/t Au from 388.0 m.
Figure 8: Cross section of DDRCCC-24-073 and 074, the first diamond drill holes completed at the
Pukelman intrusion. These initial drill holes intersected widespread gold mineralization over their entire
lengths with visible gold observed in both drill holes. Historical reverse circulation drilling to the south in
the Contact zone intersected widespread gold mineralization in metasediments adjacent to the
intrusion.
Figure 9: Plan map showing the location of the first diamond drill holes completed within the Pukelman
intrusion DDRCCC-24-073 and 074. The holes were collared at the margin of the gold-in-soil anomaly
where existing road access allowed for late season drilling. Additional drilling will be conducted to target
higher-grade areas of the intrusion and the adjacent Contact zone where rock samples have returned
up to 67.9 g/t gold.
Figure 10: Drill core from DDRCCC-24-073 showing the most of the interval of 11.7 m of 1.04 g/t Au
from 48.0 m within MCQM. Gold mineralization is hosted in narrow sheeted quartz veins.
Quality Assurance/Quality Control
On receipt from the drill site, the HTW/NTW-sized drill core was systematically logged for geological
attributes, photographed and sampled at Sitka’s core logging facility. 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.
Each sample is identified by a unique sample tag number which is placed in the bag containing the core
to be assayed. Core was cut in half lengthwise along a predetermined line, with one-half (the 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
delivered 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 mass 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 re-analyzed by fire assay with a gravimetric finish on a 50 g subsample (ALS code: Au-GRA21). In
addition, a 51-element analysis 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 flagship RC Gold Project
The RC Gold Project consists of a 431 square kilometre contiguous district-scale land package located
in the heart of Yukon's Tombstone Gold Belt. The project is located approximately 100 kilometres east
of Dawson City, which has a 5,000 foot paved runway, and is accessed via a secondary gravel road
from the Klondike Highway which is usable year-round and is an approximate 2 hour drive from
Dawson City. It is the largest consolidated land package strategically positioned mid-way between the
Eagle Gold Mine and the past producing Brewery Creek Gold Mine.
On January 19, 2023 Sitka Gold announced an Initial Mineral Resource Estimate prepared in
accordance with National Instrument 43-101 (“NI 43-101”) guidelines for the RC Gold Property of
1,340,000 ounces of gold(1). The road accessible, pit constrained Mineral Resource is classified as
inferred and is contained in two zones: The Blackjack and Eiger deposits with 900,000 ounces of gold
grading 0.83 g/t and 440,000 ounces of gold grading 0.68 g/t respectively. Both of these deposits are
at/near surface, are potentially open pit minable and amenable to heap leaching, with initial bottle roll
tests indicating that the gold is not refractory and has high gold recoveries of up to 94% with minimal
NaCN consumption (see News Release July 13, 2022). The Mineral Resource estimate is presented in
the following table at a base case cut-off grade of 0.25 g/t Au:
RC Gold Inferred Mineral Resource Estimate
Blackjack Zone
0.20
0.25
0.30
0.35
0.40
Tonnes
000's
35,798
33,743
31,282
29,065
26,975
Au g/t
0.80
0.83
0.88
0.92
0.96
Eiger Zone
0z Au
000's
921
900
885
860
833
Tonnes
000's
32,523
27,362
22,253
17,817
14,506
Au g/t
0.45
0.50
0.55
0.60
0.66
Combined
0z Au
000's
471
440
393
344
308
Tonnes
000's
68,321
61,105
53,535
46,882
41,481
Au g/t
0.63
0.68
0.74
0.80
0.86
0z Au
000's
1,391
1,340
1,279
1,203
1,140
Notes
1. Mineral resource estimate prepared by Ronald G. Simpson of GeoSim Services Inc. with an effective date of January 19,
2023. Mineral Resources are classified using the 2014 CIM Definition Standards.
2. The cut-off grade of 0.25 g/t Au is believed to provide a reasonable margin over operating and sustaining costs for open-pit
mining and processing
3. Mineral resources are constrained by an optimised pit shell using the following assumptions: US$1800/oz Au price; a 45°
pit slope; assumed metallurgical recovery of 85%; mining costs of US$2.00 per tonne; processing costs of US$8.00 per
tonne; G&A of US$1.50/t.
4. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
5. Totals may not sum due to rounding.
To date, 72 diamond drill holes have been drilled into this system by the Company for a total of
approximately 25,136 metres. The initial resource was based on 11,630 m of drilling in 34 holes with 22
holes totaling 7,492 m in the Blackjack deposit. Drilling since the initial resource release has focused on
expanding the Blackjack resource with an additional 12-holes totaling 5,212 drilled in 2023 and
15-holes totaling 9,264 m to date in 2024. Other targets drilled to date include the Saddle zone,
Josephine zone and the Rhosgobel zone. The resource expansion drilling in 2023 at Blackjack
produced results of up to 219.0 m of 1.34 g/t gold Including 124.8 m of 2.01 g/t gold and 55.0 m of
3.11 g/t gold in drill hole DDRCCC-23-047 (see news release dated September 26, 2023) and in 2024
results of up to 678.1 metres of 1.04 g/t gold starting from surface in DDRCCC-24-068, Including
409.5 metres of 1.36 g/t gold, 93.0 metres of 2.57 g/t gold and 5.5 metres of 17.59 g/t gold (see
news release dated October 21, 2024).
(1) Simpson, R. January 19, 2023. Clear Creek Property, RC Gold Project, NI 43-101 Technical Report, Dawson Mining District, Yukon Territory
RC Gold Deposit Model
Exploration on the Property has mainly focused on identifying an intrusion-related gold system
(“IRGS”). The property is within 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 Measured and Indicated Resources of 233
million tonnes at a grade of 0.57 g/t Au at the Eagle Main Zone (4.303 million ounces; Harvey et al,
2022)(2); the Brewery Creek 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); the Florin Gold deposit with a current
Inferred Mineral Resource of 170.99 million tonnes grading 0.45 g/t (2.47 million ounces; Simpson
2021)(4); the AurMac Project with an Inferred Mineral Resource of 347.49 million tonnes grading 0.63
gram per tonne gold (7.00 million ounces)(5) and the Valley Deposit, with a current Indicated Mineral
Resource of 4.05 million oz gold at 1.66 g/t and an additional Inferred Mineral Resource of 3.26 million
oz at 1.25 g/t gold(6).
(1) Sims J. Fort Knox Mine Fairbanks North Star Borough, Alaska, USA National Instrument 43-101 Technical Report. June 11, 2018.
https://s2.q4cdn.com/496390694/files/doc_downloads/2018/Fort-Knox-June-2018-Technical-Report.pdf
(2) Harvey N., Gray P., Winterton J., Jutras M., Levy M.,Technical Report for the Eagle Gold Mine, Yukon Territory, Canada. Victoria Gold Corp. December 31,
2022. https://vgcx.com/site/assets/files/6534/vgcx_-_2023_eagle_mine_technical_report_final.pdf
(3) Hulse D, Emanuel C, Cook C. NI 43-101 Technical Report on Mineral Resources. Gustavson Associates. May 31, 2020.
https://minedocs.com/22/Brewery-Creek-PEA-01182022.pdf
(4) Simpson R. Florin Gold Project NI 43-101 Technical Report. Geosim Services Inc. April 21, 2021.
https://sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00005795&issuerType=03&projectNo=03236138&docI d=4984158
(5) Thornton T., Jutras M., Malhotra D. Technical Report Aurmac Property Mayo Mining District, Yukon Territory, Canada. JDS Energy and Mining Inc. February
6, 2024. https://banyangold.com/site/assets/files/5251/banyan_gold_ni_43-101_technical_report_2024_03_18.pdf
(6) Burrell H., Redmond D.J., Haggarty P., Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate, Yukon Territory, Canada. Snowline
Gold Corp. May 15, 2024. https://snowlinegold.com
Upcoming Events
Sitka Gold will be attending and/or presenting at the following events*:
●
Metal Investors Forum, Vancouver, BC: January 17 - 18, 2025
●
VRIC, Vancouver, BC: January 19 - 20, 2025
●
RoundUp, Vancouver, BC: January 20 - 23, 2025
●
PDAC, Toronto, ON: March 2 - 5, 2025
●
Swiss Mining Institute, Zurich, Switzerland: March 18 - 19, 2025
*All events are subject to change.
About Sitka Gold Corp.
Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada with over $15
million in its treasury. The Company is managed by a team of experienced industry 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 is currently advancing its 100% owned, 431 square
kilometre flagship RC Gold Project located within the Tombstone Gold Belt in the Yukon Territory. The
Company is also advancing the Alpha Gold Project in Nevada and currently has drill permits for its
Burro Creek Gold and Silver Project in Arizona and the Coppermine River Project in Nunavut.
In January 2023, the Company announced an NI 43-101 compliant initial inferred Mineral Resource
Estimate of 1,340,000 ounces of gold(1) beginning at surface and grading 0.68 g/t at its RC Gold
Project in Yukon (see news release dated January 19, 2023).
(1) Simpson, R. January 19, 2023. Clear Creek Property, RC Gold Project, NI 43-101 Technical Report, Dawson Mining District, Yukon Territory
*For more detailed information on the Company’s properties please visit our website at www.sitkagoldcorp.com
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
778-212-1950
or
Cor Coe
CEO & Director
604-817-4753
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking
information within the meaning of applicable Canadian securities laws. Forward-looking statements
relate to future events or future performance and reflect the expectations or beliefs of management of
the Company regarding future events. Generally, forward-looking statements and information can be
identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of
such words and phrases or statements that certain actions, events or results “may”, “could”, “should”,
“would” or “occur”. This information and these statements, referred to herein as “forward‐looking
statements”, are not historical facts, are made as of the date of this news release and include without
limitation, statements regarding discussions of future plans, estimates and forecasts and statements as
to management’s expectations and intentions and the Company’s anticipated work programs.
These forward‐looking statements involve numerous risks and uncertainties and actual results might
differ materially from results suggested in any forward-looking statements. These risks and
uncertainties include, among other things, market uncertainty and the results of the Company’s
anticipated work programs.
Although management of the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements and forward-looking information.
Readers are cautioned that reliance on such information may not be appropriate for other purposes.
The Company does not undertake to update any forward-looking statement, forward-looking
information or financial out-look that are incorporated by reference herein, except in accordance with
applicable securities laws. We seek safe harbor.