Sitka Expands Alpha GOLD Land Package IN Nevada
NEWS RELEASE
MARCH 18, 2021
NR 21-12
www.sitkagoldcorp.com
SITKA EXPANDS ALPHA GOLD LAND PACKAGE IN NEVADA
VANCOUVER, CANADA – March 18, 2021: Sitka Gold Corp. (“Sitka” or the “Company”)
(CSE:SIG) (FSE:1RF) (OTCQB: SITKF) is pleased to announce that it has located an additional 30
claims at its Alpha Gold Project, located along the southeast projection of the prolific Cortez Gold
Trend in Eureka County, approximately 135 kilometres southwest of Elko, Nevada (Figure 1). The
Alpha Gold Project now totals 93 claims covering an area of approximately 1860 acres or 753
hectares (Figure 2). The new claims complete coverage of potential mineralization east and southeast
of drill hole AG21-03 (see news release dated March 10, 2021).
Key Points Regarding Recent Developments at Alpha Gold:
• AG21-03 intersected strong, Carlin-type, alteration at a prime stratigraphic horizon, known as
the Webb/Devils Gate contact in the Roberts Mountains, time equivalent to the Horse
Canyon/Wenban contact at Goldrush approximately 40 km to the north along the Cortez Trend
(Figure 3).
• AG21-03 is located down dip from surface gold geochemical anomalies to the northwest and
up dip from a rhyolitic volcanic and hypabyssal intrusive complex to the southeast.
• Mercury, arsenic, and thallium results from initial sampling in Webb Fm and Devonian Shale
well above the Devils Gate contact east of AG21-03 definitively strengthen towards the rhyolite
complex.
• The emerging mineralization alignment is located in the hanging wall anticline of an
interpreted, northwest, moderate angle, thrust fault and spatially associated with normal faults
carrying Carlin age rhyolite dikes. The moderate angle thrust fault is broadly analogous to the
Abyss thrust at the Pipeline deposit located at the northern end of the Cortez Trend (Figure 3).
Cor Coe, Director and CEO of Sitka comments: “The importance of some of these geological features
was not fully recognized prior to the information gathered from these latest drill holes. We knew this
area contained all of the basic elements of a Cortez Trend, Carlin-type gold deposit and now the initial
drilling has shown us where those elements are. Our systematic approach to testing our geological
model and adjusting its parameters as new data is collected continues to successfully advance the
Alpha Gold Project. The Company plans on continuing with an aggressive follow-up drilling program
pending assays results for AG21-03 and continued geological assessment.”
Figure 1 - Alpha Gold New Claims
Figure 2 - Regional Map of the Alpha Gold Project Claim Blocks
Figure 3 - Alpha Gold Target Areas
About Alpha Gold
Sitka Gold has acquired a 100% interest in the Alpha Gold Pro ject, located along the southeast
projection of the prolific Cortez Gold Trend in Eureka County, approximately 135 kilometres southwest
of Elko, Nevada. The Property is comprised of 2 claim blocks totalling 93 lode claims covering an area
of approximately 1860 acres (753 hectares) and is accessible via a dirt road, approximately 2km west
of Nevada State Highway 278.
The Property was initially staked after the location was recognized as the intersection of the regional-
scale Pine Valley anticline with northeasterly fold trends exposed in the Roberts Mountains. Of
primary importance at the Alpha Gold location is that the rocks have been down-dropped significantly
by late extensional faulting. Prior to extension, and during the critical 36 -42 Ma Carlin-type
mineralization event, the fold crest at Alpha Gold would have been a regional highpoint among nearby
mountain ranges. Well exposed ‘lower plate window s’ near Alpha Gold have been extensively
explored for Carlin-type gold deposits with a number of deposits found along the limbs.
Additional Updates
The company wishes to amend the information from it’s news release dated March 5, 2021 in regards
to the finder’s fees issued pursuant to the close of its private placement. In connection with the
private placement, the Company paid commissions totalling $272,538.35 and issued 2,138,122
finder’s warrants. Each finder’s warrant is exercisable to acquire one common share of the company
at exercise price of $0.18 for 36 months from the date of closing of the private placement. The
Company also issued 458,333 shares as a commission on a portion of the proceeds of the financing.
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 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, please contact:
Cor Coe
CEO & Director
604-979-0509
www.sitkagoldcorp.com
Cautionary and Forward-Looking Statements
This news release contains forward‐looking statements and forward‐looking information within the
meaning of applicable securities laws. These statements relate to future events or future performance.
All statements other than statements of historical fact may be forward ‐looking statements or
information. Forward‐looking statements and information are often, but not always, identified by the
use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”,
“expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”,
“believe”, “would” and similar expressions.
Forward-looking statements and information are provided for the purpose of providing information
about the current expectations and plans of management of the Company relating to the future.
Readers are cautioned 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 risks. 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 conne ction with the
work program and the ability to obtain such approvals. Accordingly, readers should not place undue
reliance on the forward‐looking statements, timelines and information contained in this news release.
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The forward‐looking statements and information contained in this news release are made as of the
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