Sitka Gold Mobilizes Crew and Equipment for Drill Program at the Burro Creek Gold Property, Arizona
Sitka Gold Corp.
1500 - 409 Granville Street
Vancouver, BC, V6C 1T2
NEWS RELEASE
CSE: SIG
November 12th, 2019
NR 19-11
www.sitkagoldcorp.com
Sitka Gold Mobilizes Crew and Equipment for Drill Program at
the Burro Creek Gold Property, Arizona
VANCOUVER, CANADA – November 12 th, 2019: Sitka Gold Corp. (“Sitka” or the “Company” )
(CSE: SIG; FSE: 1RF) is pleased to announce that it has begun mobilizing crew and equipment in
preparation for the upcoming diamond drilling program at its Burro Creek Gold Property ( “Burro
Creek” or the “Property”), which contains the Burro Creek Gold Deposit (the “Burro Deposit”), locate d
in Mohave County, Arizona (see Sitka’s news release dated September 21, 2018) . The drill program
will focus on upgrading and expanding the Burro Deposit alon g the recently interpreted extension of
the Burro Creek Gold vein (the “Burro Vein”) over a strike length of approximately 1.3 kilometres (see
Figure 1 map for details) and will consist of up to 3 ,500 metres of drilling and 50 drill holes. No
previous drilling has been conducted over this area. Sitka has secured DrillRite LLC, an experienced
and highly regarded exploration drill contractor based in Elko, Nevada, to carry out its drilling program
at Burro Creek.
CEO and Director of Sitka Gold, Cor Coe , P.Geo. commented, “The mobilization of crew and
equipment to the Burro Creek Gold Property is an exciting milestone for Sitka. The historical gold and
silver resource combined with the newly i dentified 1.3 kilometre long Burro Vein strike length
interpretation provides Sitka with an opportunity to upgrade and significantly expand upon the Burro
Deposit. Previous diamond drilling results on the Property include bonanza grade intercepts, such as
4.78 metres of 7.99 g/t gold and 192.72 g/t silver, including 1.04 metres of 31.80 g/t gold and 759.00
g/t silver1, and we look forward to seeing the results that this drill program will produce”.
Figure 1: 2013 MMI Soil Sampling Results
Burro Creek Gold Property Highlights
The Burro Deposit contains a Historical Mineral Resource Estimate (the “Burro Deposit”) as
summarized below:
INDICATED RESOURCE:
AuEq (g/t)* Gold Silver Gold Equivalent
Cut-Off Tonnes Grade (g/t) Ounces Grade (g/t) Ounces Grade (g/t) Ounces
0.5 g/t 2,331,871 1.01 75,567 36.77 2,756,778 1.63 122,491
INFERRED RESOURCE:
AuEq (g/t)* Gold Silver Gold Equivalent
Cut-Off Tonnes Grade (g/t) Ounces Grade (g/t) Ounces Grade (g/t) Ounces
0.5 g/t 2,247,069 0.60 43,243 30.95 2,236,113 1.13 81,304
*AuEq metal prices: US$846.00/oz gold, US$14.40/oz silver (3-year average as at January 31, 2011)
The Burro Creek Property is located 1.6 km off of State Highway 93 in Mohave County, Arizona,
approximately 265 km southeast of Las Vegas, N evada and 200 km north of Phoenix, Arizona. The
750 acre property is accessible via dirt road and consists of four patented mineral claims (situated on
private land) and 35 surrounding lode mineral claims. The Property is situated in an active mining belt
that includes Freeport McMoran Copper & Gold Inc.’s neighbouring Bagdad Mine ( www.fcx.com).
Northwest Arizona also hosts other gold & silver development properties such as Northern V ertex
Mining Corp.’s Moss Mine (www.northernvertex.com).
The Property covers a low-sulphidation epithermal vein system (the “Burro Vein”) that hosts gold and
silver Indicated and Inferred Historical Mineral Resource estimates. The Burro Vein has been traced
for over 1.7 km with reported widths of up to 45 meters and remains open for expansion along strike
near surface and at depth. Results from a Mobile Metal Ion (MMI) soil survey conducted in 2013 by
the previous operators on the Property returned an anomalous gold and silver trace across the
basalt cover that is interpreted to be the buried portion of the Burro Vein, creating an additional strike
length of approximately 1.3 km (See Figure 1 below). This anomaly provides immediate drill targets
to t est the continuity of the Burro Vein , potentially expand the known Historical Mineral Resource
Estimate and bring the historic resource back up to current reporting standards. Parallel high-tension
power lines lie wi thin 1.6 km of the Burro D eposit and wat er rights on the P roperty have been
secured, providing the project with excellent infrastructure for future development.
The Burro Deposit
The Burro Deposit hosts a Historical Mineral Resource Estimate as defined by the National Instrument
43-101 Standards for Disclosure for Mineral Projec ts and is not considered by the Company to be a
Current Mineral Resource, as Sitka Qualified Persons have not completed sufficient work to classify it
as a Current Mineral Resource. The Indicated and Inferred Resources r eferenced above are taken
from a technical report filed on SEDAR titled “ TECHNICAL REPORT on the BURRO CREEK
PROJECT, Sections 10, 11, 14, 15, Township 14N, Range 12W , Kaiser Spring 7.5 minute
Quadrangle Latitude 34 °32.5’N Longitude 113 °29.5’W, Greenwood M ining District, Arizona ” for
Northern Freegold Resources Ltd. by Jean Pautler, P.Geo., Allan Armitage, Ph. D., P. Geol. and Joe
Campbell, P. Geo., January 31, 2011.
The Historical Mineral Resource Estimate of the Burro Deposit is based on 87 reverse circulation (RC)
and diamond drill holes and 9 sampled a dits totalling 6,672 m and 2 ,682 assays. Mineralization was
constrained within a 3-dimensional geological solid using Gemcom software. Practices consistent with
CIM Best Practices Guidelines, (2005) were a pplied to the generation of the Historical Mineral
Resource Estimate and the parameters of the modeling a re fully described in the NI 43-101 report
referenced above.
The Company considers the NI 43-101 report to be relevant and reliable given that no addi tional work
of significance has been completed since the issuance of the Historical Mineral Resource Estimate.
1Northern Freegold Resources Ltd. news release dated May 20, 2008
This news release has been reviewed and approved by Donald Penner, P. Geo., President of Sitka
Gold Corp., a “Qualified Person” under National Instrument 43 -101 Standard for Disclosure for
Mineral Projects.
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% interes t 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 and the Alpha Gold property in Nevada. Directors
and Management own over 25% of the outstanding shares of Sitka Gold, a solid indication of their
alignment with shareholders’ interests.
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
or
Peter MacLean
Director
604-781-8513
Cautionary and Forward-Looking Statements
This news re lease 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”, “pote ntial”, “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. Thes e 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, readers shou ld not place undue
reliance on the forward ‐looking statements, timelines and information contained in this news release.
Readers are cautioned that the foregoing list of factors is not exhaustive.
The forward ‐looking statements and information contained in this news release are made as of the
date of this news release and no undertaking is given to update publicly or revise any forward ‐looking
statements or information, whether as a result of new information, future events or otherwise, unless
so required by applicable securities laws or the CSE. The forward-looking statements or information
contained in this news release are expressly qualified by this cautionary statement.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the
CSE) accepts responsibi lity for the adequacy or accuracy of this release. No stock exchange,
securities commission or other regulatory authority has approved or disapproved the information
contained herein.