Sitka Identifies New Target and Stakes Additional Claims at Its Alpha GOLD Property IN Nevada
NEWS RELEASE
December 30, 2020
NR 20-33
www.sitkagoldcorp.com
SITKA IDENTIFIES NEW TARGET AND STAKES ADDITIONAL CLAIMS AT ITS ALPHA
GOLD PROPERTY IN NEVADA
VANCOUVER, CANADA – December 30, 2020: Sitka Gold Corp. (“Sitka” or the “Company”)
(CSE:SIG) (FSE:1RF) is pleased to announce it has identified a new Carlin-type gold deposit target
and staked additional claims at its Alpha Gold Property in Nevada.
Since drill hole AG-01 was completed in July 2020 (see news release dated July 24, 2020), further
geological mapping was carried out using improved stratigraphic information obtained from the drill
hole to gain increased resolution on local structural trends. This has enabled the Company to identify
an additional prospective structure where a drill hole can be collared deeper in the stratigraphic
section to potentially intersect the Lower Plate Limestone at a much shallower depth and test a Carlin-
type gold deposit target (Figure 1). Twenty-seven additional claims were subsequently staked to the
NW of the present Alpha claim block to cover the new Carlin-type gold deposit target (Figures 2 & 3).
The following are some key points regarding the new target:
• Surface geochem to 1.2 ppm gold and 7000 ppm arsenic shows a crude E-W trend, coincident
with an E-W anticline axis in highly oxidized lower plate and basal Antler Foreland rocks
• the E-W folding deforms older, more regional N-S folding, creating a fluid focus
• There is evidence the lower plate window, west of the target, may have unroofed during the
Antler orogeny, and remained elevated and oxidizing through much of its pre-Eocene history,
removing primary pyrite and carbon from shallow host rocks and fluid conduits, thus
diminishing their gold capture qualities during the Eocene mineralization event
• The target model is potentially analogous to the scenario around Goldrush, in the Cortez
District, where gold deposits in shallow unroofed areas tend to be low grade (Horse Canyon),
and deeper gold deposits in the same strata in areas that were never unroofed are high grade
(Goldrush, Fourmile)
• The E-W fold axis and late normal faulting make this an ideal location to test the lower plate to
foreland clastic transition beneath rapidly eastward thickening Antler Foreland basin rocks
where early oxidation has not compromised the host rocks
• Additional comparisons are possible between the reverse fault indicated by mapping here and
the Abyss fault at the Pipeline deposit
“The geological information obtained from the first deep drill hole to ever be completed at our A lpha
Gold property, located in Nevada’s Carlin Gold Province, provided crucial and previously unknown
details regarding local structural trends and ultimately resulted in the identification of this new target”,
commented Cor Coe, CEO and Director of Sitka . “With this expanded land package, enhanced
geological modelling and an additional target at Alpha, we feel the probability of success at Alpha has
been significantly increased. The Company intends to commence drilling this new target once drill
permits for the expanded land package have been received. We expect to receive our permit to drill
within the next two weeks”.
Figure 1 - Alpha Gold Regional Cross Section
Figure 2: Alpha Gold Target Areas
Figure 3 - Newly Staked Claim Block
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 77 lode claims covering an area
of approximately 1540 acres (623 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 windows’ near Alpha Gold hav e been extensively
explored for Carlin-type gold deposits with a number of deposits found along the limbs.
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 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. Directors and Mana gement own approximately 15% 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
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