Sitka GOLD Provides Year End Review and Upcoming Plans FOR Yukon, Arizona and Nevada Projects
NEWS RELEASE
January 11, 2021
NR 21-02
www.sitkagoldcorp.com
SITKA GOLD PROVIDES YEAR END REVIEW AND UPCOMING PLANS FOR YUKON,
ARIZONA AND NEVADA PROJECTS
VANCOUVER, CANADA – January 11, 2021: Sitka Gold Corp. (“Sitka” or the “Company”)
(CSE:SIG) (FSE:1RF) is pleased to provide a summary of progress and accomplishments made over
the past 12 months of activity and an overview of planned exploration programs for 2021 at its Burro
Creek Property in Arizona, its Alpha Gold Property in Nevada and its RC Gold and OGI Projects in
Yukon.
Recap and Highlights of 2020
• During the past year, Sitka raised over $3.0 million via two separate private placement
financings and shareholders’ exercise of warrants
• The Company completed significant exploration drilling programs throughout the year on its
Yukon, Arizona, and Nevada projects
• In January, the Company completed the acquisition of the Ma htin Property, which expanded
the size of the RC Gold Project in Yukon over twelve-fold, from 2600 hectares to 32,842
hectares (328 square kilometers)
• In January, the Company continued the drill program that was underway at its Burro Creek
Gold Property in Arizona and in April, the Company announced the results of the its Phase 1
drilling program at Burro Creek which included 10 diamond drill holes with highlighted
intersections such as 11.70 m of 3.23 g/t gold and 72.86 g/t silver (see news releases dated
January 17th and April 14, 2020) and also confirmed the extension of the Burro Creek vein as
out lined by the surface gold anomaly
• In June the Company drilled the first deep diamond drill hole ever to be drilled at its Alpha Gold
Property in Nevada, and in September, announced the results of this drill hole including the
intersections of anomalous gold and coincident mercury which the Company believes could be
leakage from a Carlin-type gold system at depth
• In late June and early July the Company announced the acquisition of two additional underlying
property agreements at its RC Gold Project in Yukon with the acquisition of the Barney Ridge
and Clear Creek Properties, bringing the total area of the RC Gold Project to over 345 square
kilometers (34,500 hectare or 85,000 acres)
• In July the Company began its inaugural 1500 metre diamond drill program on its RC Gold
Project in Yukon and in August the Company announced the acquisition of the OGI Property in
Yukon
• In September the Company completed 4 reverse circulation (RC) drill holes at the OGI Silver-
Zinc Property in Yukon, the first drill holes to ever be drilled there; results are currently pending
• In September the Company completed its 1500 m etre, 6 diamond drill hole, exploration
program at RC Gold as well as the collection of 531 soil samples and 140 m of trenching and
subsequently announced the results of this program including three new gold discoveries and
exceptional intersections of gold such as 100 metres of 0.82 g/t gold and a separate interval
(not part the aforementioned section) of 2 metres of 16.1 g/t gold, both from diamond
drill hole DDRCCC20-002 (see news release dated December 16, 2020)
• In October, the Company staked additional claims to cover highly prospective ground adjacent
to its RC Gold Project, bringing this district-scale land package to 376 contiguous square
kilometres, solidifying the RC Gold Project as the most dominant land assembly between
Victoria Gold’s Eagle Gold Mine and Golden Predator’s Brewery Creek Gold Mine in the highly
fertile Tombstone Gold Belt in Yukon
• In October the Company completed 42 sq-km of airborne LiDAR imagery over priority target
areas of the RC Gold Project
• In November the Company staked an additional 27 claims at Alpha Gold in Nevada to cover a
newly identified Carlin-type gold deposit target and subsequently applied to the Bureau of Land
Management (BLM) for a permit for up to 5 drill hole sites on this new claim block; the permit
was recently received as announced in the Company’s January 7, 2021 news release
• During the year the Company presented at AMEBC Roundup in Vancouver, the PDAC
convention in Toronto, the Metals Investment Forum (MIF) in Vancouver and several other
conferences that have switched to virtual platforms including New Orleans, Metals Investment
Forum and the Mines and Money Online conference; the CEO and President also attended
interviews with numerous newsletter writers and analysts who have taken an interest in Sitka
Cor Coe, CEO and Director, stated: “Sitka’s list of accomplishments this past year are quite
remarkable and would not have been possible without the extraordinary drive and focus of our highly
experienced management team. We raised over $3 million last year and were able to deploy some of
those funds to complete four separate drill programs on four separate properties located in Nevada,
Arizona and Yukon during a time when newly enacted travel and work restrictions made for very
challenging project logistics. The successful results we have produced this year further highlight
management’s abilities to identify highly prospective gold and silver targets. The impressive new gold
discoveries made during the inaugural drill program at our RC Gold Property in Yukon is further
testimonial to the expertise of this team and I would like to thank them and all the project staff and
contractors who contributed to the successful completion of our numerous exploration programs
throughout 2020. Moving forward, our primary objective in 2021 is to follow up on the discoveries we
have made at Burro Creek, RC Gold and Alpha Gold with additional drilling coupled with the
integration of historical data and further surface sampling, mapping, geophysics, and ground and
satellite-based multi-spectral imagery in order to rapidly advance our most prospective targets and
ultimately develop new mineral resources in these proven and productive mining jurisdictions. The
Company is well positioned to capitalize on what is shaping up to be a very eventful and exciting
exploration year and is already starting to fulfill its 2021 objectives with a drill program at Alpha Gold
scheduled to commence in the next few weeks.”
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, Barney Ridge, Clear Creek
and OGI properties in Yukon and the Burro Creek Gold property i n 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. Directors and Management own approximately 1 5% of the
outstanding shares of Sitka Gold Corp., 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
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
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“believe”, “would” and similar expressions.
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about the current expectations and plans of management of the Company relating to the future.
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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 connection 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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