Sitka GOLD Appoints Gilles Dessureau as Vice President of Exploration and Strengthens Its Technical Advisory Team
NEWS RELEASE
February 27, 2025
NR 25-06
www.sitkagoldcorp.com
SITKA GOLD APPOINTS GILLES DESSUREAU AS
VICE PRESIDENT OF EXPLORATION AND
STRENGTHENS ITS TECHNICAL ADVISORY TEAM
VANCOUVER, CANADA – February 27, 2025: Sitka Gold Corp. (“Sitka” or the “Company”)
(TSX-V:SIG) (FSE:1RF) (OTCQB:SITKF) is pleased to announce the appointment of Gilles
Dessureau, M.Sc., P.Geo., to the position of Vice President of Exploration. Mr. Dessureau will
succeed Greg Dawson as V.P. Exploration, who will remain as a Director and transition to the
role of Senior Technical Advisor for the company. The Company is also pleased to announce
that Brad Thrall, B.Sc., MBA, will join its Technical Advisory team as a metallurgical advisor.
Since 2023, Mr. Dessureau has served as Sitka’s Senior Project Manager at the RC Gold
Project in Yukon, playing a key role in the advancement of the Company’s flagship project which
now has a mineral resource estimate of 1.3 million ounces of gold indicated and 1.5 million
ounces of gold inferred(1). With over 20 years of experience Mr. Dessureau, brings a wealth of
knowledge and experience to the role and will continue to lead the exploration team and
advance the RC gold project through the next exciting phases of exploration.
(1) These resource estimate numbers are supported by the recently updated technical report for RC Gold, prepared in accordance
with NI 43-101 standards, entitled “Clear Creek Property, RC Gold Project NI 43-101 Technical Report Dawson Mining District,
Yukon Territory”, prepared by Ronald G. Simpson, P. Geo., of GeoSim Services Inc. with an effective date of January 21, 2025.
“We are thrilled to announce Mr. Dessureau’s appointment as Sitka’s new VP of Exploration,”
said Cor Coe, Director and CEO of Sitka Gold. “Gilles has played a key role in the advancement
of our flagship RC Gold project over the past couple of years. His years of extensive experience
advancing numerous mineral projects across Yukon, from greenfields to feasibility and
production, adds significant talent to our team as we push forward to rapidly advance RC Gold
and continue unlocking value from Sitka’s portfolio of exciting mineral properties. We would also
like to thank Greg Dawson for his exemplary work as VP of Exploration during what has been a
transformative period for the Company. We look forward to continuing to work with Greg as a
Director of the Company and in his new role as Senior Technical Advisor.”
Mr. Dessureau is a Professional Geologist with over 20 years of experience in the mineral
exploration and development industry in Canada, focused on the Western Cordillera, including
Yukon and British Columbia, as well as other locations throughout North America. He is the
Owner/Principal Geologist of Solidus Geological Services (since 2007) and has been providing
geological and managerial services to a wide variety of companies in the mineral exploration
industry. Mr. Dessureau graduated with a Master’s degree from Laurentian University in
Sudbury following a Bachelor’s degree in Geology from St. Mary’s University in Halifax. He is a
Professional Geologist registered with Engineers and Geoscientists British Columbia (EGBC)
and the Association of Professional Geologists of Ontario (APGO).
Mr. Dessureau has been instrumental in advancing several major exploration and development
projects throughout the Yukon Territory, including Fireweed Zinc’s Macmillan Pass Project,
Golden Predator’s Brewery Creek and 3 Aces projects, and Yukon Zinc’s Wolverine polymetallic
VMS deposit, advancing it through pre-feasibility and into commercial production.
Greg Dawson, MSc., P.Geo, who is currently a Director and Vice President Exploration of the
Company, will remain as a Director and transition to the role of Senior Technical Advisor. In this
role Mr. Dawson will continue to provide technical oversight of the Company’s exploration
programs and the further advancement of the Blackjack and Eiger mineral resources.
Brad Thrall is a Metallurgical Engineer with more than 35 years of experience including
corporate executive roles and mine development operations positions. Most recently, Mr. Thrall
was a co-founder and President of Alexco Resource Corp. until it was acquired by Hecla Mining
in September 2022. Mr. Thrall is currently a Director of Rockhaven Resources, a Technical
Advisor to Banyan Gold and a Board Member of the Yukon Minerals Advisory Board. Mr. Thrall
holds a B.Sc. in Metallurgical Engineering from South Dakota School of Mines and Technology
and an MBA from the University of Colorado.
“We are very pleased to have Brad join Sitka’s technical advisory team,” said Cor Coe, Director
and CEO of Sitka Gold. “Brad's long history in the Yukon and metallurgical expertise working on
several Yukon projects with similarities to the gold deposits at the RC Gold Project will help
guide ongoing metallurgical studies as we continue to advance RC Gold.”
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.
The RC Gold Project now has pit-constrained mineral resources that are contained in two
zones: the Blackjack and Eiger gold deposits with 1,291,000 ounces of gold grading 1.01 g/t
gold in an indicated category and 1,044,000 ounces of gold grading 0.94 g/t in an inferred
category at Blackjack and 440,000 ounces of gold grading 0.50 g/t gold in an inferred category
at Eiger. These resource estimate numbers are supported by the recently updated technical
report for RC Gold, prepared in accordance with NI 43-101 standards, entitled “Clear Creek
Property, RC Gold Project NI 43-101 Technical Report Dawson Mining District, Yukon Territory”,
prepared by Ronald G. Simpson, P. Geo., of GeoSim Services Inc. with an effective date of
January 21, 2025. This report is available on SEDAR+ (http://www.sedarplus.ca) and on the
Company’s website (www.sitkagoldcorp.com).
Both of these deposits begin at 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).
To date, 72 diamond drill holes have been drilled into this system by the Company for a total of
approximately 25,136 metres. Other targets drilled to date include the Saddle, Josephine,
Rhosgobel and Pukelman zones. 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).
A planned 30,000 metre diamond drilling program for 2025 is currently underway at RC Gold.
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
https://sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00005795&issuerType=03&projectNo=03236138&docI d=4984158
21,
2021.
(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*:
● PDAC - Toronto, ON: March 2 - 5, 2025
● Tombstone Gold Belt Breakfast - Delta Hotel, Toronto, ON: March 3, 2025
● Swiss Mining Institute - Zurich, Switzerland: March 18 - 19, 2025
● 121 Mining Investment - London, England: May 12 - 13, 2025
● Canaccord Global Metals and Mining Conference - Henderson, NV: May 20 - 22, 2025
● Yukon Mining Alliance - Dawson City, Yukon: July 9 - 14, 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
approximately $15 million in its treasury and no debt. 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.
*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
or
Cor Coe
President & Director
CEO & Director
778-212-1950
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.