Sitka Gold drills 28.17 Metres of 1.01 g/t Gold and 10.91 g/t Silver in Step Out Drilling at its Burro Creek Gold/Silver Property, Arizona
NEWS RELEASE
February 20th, 2020
NR 20-06
www.sitkagoldcorp.com
Sitka Gold drills 28.17 Metres of 1.01 g/t Gold and 10.91 g/t Silver in Step
Out Drilling at its Burro Creek Gold/Silver Property, Arizona
VANCOUVER, CANADA – February 20, 2020: Sitka Gold Corp. (“Sitka” or the “Company”) (CSE: SIG)
(FSE: 1RF) is pleased to announce the assay results from drill holes BC20-060 & BC20-061 at its Burro Creek
Gold/Silver Property (the “Property”) located in Mohave County, Arizona, U.S.A. These holes were located to
test the southern continuity of the Burro V ein over a 1.3 km long corridor where a mobile metal ion
(MMI) geochemical survey has outlined anomalous gold and silver mineralization on surface (the “MMI
Anomaly”) that corresponds with the southern projection of the Burro Vein (see news release dated
September 21, 2018). See Figure 1.
Highlights of The Diamond Drilling Results Include:
Drill hole BC20-060 intersects 11.89 m of 1.02 g/t gold and 66.66 g/t silver including:
• 3.36 m of 1.76 g/t gold and 52.26 g/t silver
Drill hole BC20-061 intersects 28.17 m of 1.02 g/t gold and 10.91 g/t silver including:
• 4.33 m of 3.12 g/t gold and 6.37 g/t silver
• 1.40 m of 6.24 g/t gold and 8.00 g/t silver
Table 1: Drill hole assay results of the mineralized portion of the Burro Vein intersected*
Hole ID Azimuth Dip Hole Depth From (m) To (m) Core Length Gold Silver
(Degrees) (Degrees) (m) (m) (g/t) (g/t)
BC20-060 n/a -90 71.32 36.48 48.37 11.89 1.02 66.66
including 36.48 39.84 3.36 1.76 52.26
BC20-061 n/a -90 136.85 106.55 134.72 28.17 1.01 10.91
including 128.62 132.95 4.33 3.12 6.37
129.84 131.24 1.40 6.24 8.00
* Intervals are drilled core length, as insufficient drilling has been undertaken to determine true widths at this time. Previous
exploration has shown that the mineralized structure has a strike ranging from 330° to 340° Azimuth and a dip ranging
from 50° to -75° NE. True widths will be substantially less than the drill core intervals reported above.
Donald Penner, President of Sitka Gold, commented: "These results from the Burro Creek Gold/Silver
Property confirm that the vein extends southward into an area that has not had previous drilling and
continues to host strong gold and silver mineralization. This coincides with the strong MMI gold and
silver anomaly that has been traced on surface for over 1.3 km. We look forward to additional results
as the drill program designed to test this corridor proceeds.”
The Company intends to drill approximately 1000 metres in 15 holes on the patented (private) land
during this first phase of drilling to explore for further extension of the Burro Vein to the south of the
vein mineralization explored by the previous operator, most recently in 2013. After completion of this
phase, the company intends to continue with a Phase 2 program stepping out further to the south
along the projection of the mineralized zone outlined by the MMI geochemical anomaly upon receiving
its drill permit from the BLM.
Figure 1 shows the location of all holes drilled thus far in 2019 & 2020, including the holes reported
above. Figures 2 and 3 show cross-sections of drill holes reported in the table above. The holes
drilled in this phase lie within the boundaries of the patented claims.
Figure 1. Burro Creek Gold Property 2019-2020 Diamond Drill Hole Locations
Figure 2. Cross-sections of Burro Creek Drill Hole # BC20-060
Figure 3. Cross-sections of Burro Creek Drill Hole # BC20-061
Drilling is continuing and two additional holes, BC20-062 and BC 20-063 (see Figure 1) have been
completed and have been shipped to the lab for assay. Preparation is currently underway to drill
BC20-064, which is located approximately 90m South of BC20-063. Road building is ongoing to
continue offsetting the Burro Vein SSE in 50-100m increments.
Quality Assurance/Quality Control
Analytical work for this drill program was carried out by ALS Global Labs (USA). The sample
preparation took place in Elko, NV and the analyses were completed in Reno, NV. Each sample was
assayed for Gold and Silver; Gold samples were fire assayed with AA finish and over -limits re-
analyzed gravimetrically. Silver samples were analyzed by four-acid digestion with ICP
instrumentation. Over-limits for Silver were re-analyzed by fire assay and gravimetric methods.
The Company has a rigorous QAQC program in place in addition to QAQC p rocedures at the lab.
Each batch of 20 samples contains one certified Standard Reference Material, one certified Blank and
one duplicate. All results have passed the QAQC screening at the lab.
The Burro Creek Property
The Burro Creek Property is located 1.6 km off State Highway 93 in Mohave County, Arizona, 105 km
southeast of Kingman, Arizona, and 265 km southeast of Las Vegas, Nevada. The property consists
of four patented mineral claims and 35 surrounding unpatented mineral claims.
The Property covers a low-sulphidation epithermal vein system that has been traced for over 1.7 km
and exhibits widths of up to 45 metres.
A NI 43-101 report dated October 27, 2018 titled “Technical Report on the Burro Creek Project” was
commissioned by Sitka Gold Corp and has been completed by J. Pautler, P. Geo., an independent
qualified person. This report has been filed on SEDAR.
The Property contains an historical mineral resource estimate (the Burro Deposit) as defined by the
National Instrument 43-101 Standards for Disclosure for Mineral Projects and is not considered by
Sitka Gold Corp. to be a current mineral resource because a qualified person has not completed
sufficient work to reclassify it as such. The indicated and inferred historical mineral resource estimate
was prepared for Northern Freegold Resources Ltd. in November, 2010 in compliance with the
standards of NI 43-101 at the time by Dr. A. Armitage, Ph.D., P.Geol., and J. Campbell, B.Sc., P.Geo.
of GeoVector Management Inc., an Ottawa, Ontario based con sulting firm specializing in resource
estimation, project assessment, and project management. The historical resource estimate was
contained in an NI 43-101 compliant technical report titled “Technical report on the Burro Creek
Project, dated January 31, 2011 by Pautler, J.M., Armitage, A. and Campbell, J. and filed on SEDAR
on February 28, 2011 (www.sedar.com) (1).
The historical mineral resource estimate of the Burro deposit is based on 87 reverse circulation (RC)
and diamond drill holes and 9 sampled adits totaling 6,672m and 2,682 assays. Mineralization was
constrained within a 3-dimensional geological solid created using Gemcom software. Practices
consistent with CIM (2005) were applied to the generation of the historical mineral resource estimate
and the parameters of the modeling are fully described in the NI 43-101 report referenced above.
Previous reverse circulation, diamond drilling and underground development conducted on the
property outlined an historical indicated resource of 2,331,871 tonnes grading 1.01 g/t Au and 36.77
g/t Ag (yielding 122,491 ounces at a 1.63 g/t Au equivalent) and an historical inferred resource of
2,247,069 tonnes grading 0.60 g/t Au and 30.95 g/t Ag (yielding 81,304 ounces at a 1.1 3 g/t Au
equivalent), both using a cut-off grade of 0.50 g/t Au(1). The historical results reported in the NI 43-101
technical report are considered by management to be reliable and relevant, though not conforming to
current NI 43-101 standards (1). The Company is not treating the historical estimate as current mineral
resources or mineral reserves.
The Property was fully permitted to commence production in 1988 but the production decision was
deferred due to a decline in the price of gold and silver(1). At that time, the intent was to place the
Burro gold and silver deposit into production and continue to expand the resource through exploration
funded by the ensuing profits.
(1) Pautler, J. (October 27, 2018) Technical Report on the Burro Creek Project
Sitka Gold Exhibiting at PDAC
Sitka Gold will be exhibiting at the Prospectors and Developers Association (PDAC) in Toronto March
1st to March 4th, 2020. Please come by and visit us at booth #2346 where we will have drill core on
display from the current drill program at the Burro Creek Gold Property in Arizona and where Sitka’s
management team will be available to discuss the Company’s exciting portfolio of properties and
plans for 2020.
About Sitka Gold Corp.
Sitka Gold Corp. is a mineral exploration company headquartered in Canada and managed by a
team of experienced mining industry professionals. The Company 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
Gold property in the Yukon, an option to acquire a 100% interest in the Burro Creek Gold
property in Arizona and owns a 100% interest in its Coppermine River project in Nunavut, Alpha
Gold property in Nevada and the Mahtin Gold Property in Yukon. Directors and Management own
approximately 25% of the outstanding shares of Sitka Gold, a solid indication of their alignment
with shareholders’ interests.
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
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