Sitka Intercepts 107.5 Metres of 1.44 g/t Gold from Surface Including 2.0 Metres of 35.60 g/t Gold at its RC Gold Project in Yukon
NEWS RELEASE
May 18, 2022
NR 22-13
www.sitkagoldcorp.com
Sitka Intercepts 107.5 Metres of 1.44 g/t Gold from Surface
Including 2.0 Metres of 35.60 g/t Gold at its RC Gold Project in
Yukon
VANCOUVER, CANADA – May 18, 2022: Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG)
(FSE:1RF) (OTCQB:SITKF) is pleased to announce assay results from diamond drill hole DDRCCC-
22-024 (“Hole 24”), the third drill hole completed during the Company’s 2022 winter exploration program
at its road accessible, district-scale RC Gold Project (“RC Gold” or the “Project”) located within the
Yukon’s prolific Tombstone Gold Belt (see Figure 1). Four diamond drill holes were completed during
the 2022 winter drilling program (DDRCCC-22-022 to DDRCCC-22-025) for a total of 1,242.8 metres.
Drilling is expected to resume at the RC Gold Project in the next couple of weeks utilizing two drill rigs
that will be focused on the newly discovered Blackjack Zone.
Gold assay highlights from DDRCCC-22-024 include:
● 107.5 m of 1.44 g/t Au from 4.5 m to 112.0 m in hole DDRCCC-22-024 including:
○ 66.0 m of 2.11 g/t Au from 16.0 m including,
○ 11.0 m of 3.76 g/t Au from 24.0 m,
○ 1.0 m of 7.92 g/t Au from 66.0 m and,
○ 2.0 m of 35.60 g/t Au from 80.0 m.
“Results from our winter drill program continue to deliver with the exceptional assays from Hole 24
adding to the mounting evidence that our newly discovered Blackjack zone could host a multi-million
ounce, economically viable gold deposit,” stated Cor Coe, P.Geo., CEO and Director of Sitka. “With
over 100 metres of nearly 1.5 grams per tonne of gold drilled from surface, including 2 metres of
over 1 ounce per tonne of gold, Hole 24 has confirmed that the gold-rich mineralization in this zone
extends at least 100 metres west of our initial discovery hole (Hole 21) and remains open. Additionally,
we have now confirmed that gold mineralization also extends 100 metres south (where Hole 22 was
collared) and that it is continuous along vertical section (depth) from Hole 23 to Hole 22 (see news
releases dated April 26 and May 17, 2022). This gold-rich zone remains open in all directions and we
are eagerly awaiting the results from Hole 25 (DDRCCC-22-025) which was drilled approximately 80
metres to the east of Hole 21. Our plan is to continue step out drilling as we work towards further
expanding this gold mineralization east and west along the interpreted strike while building tonnage for
a maiden resource estimate.”
Hole 24 was collared from the same setups as Hole 21 & 23 but was drilled to the west on an azimuth
of 277 degrees, with a dip of -48 to a depth of 204 metres. The hole collared and remained in
multiphase intrusive rock associated with the most consistent mineralization encountered to date at the
BlackJack zone, to a depth of 52.4 metres where it crossed the BlackJack Fault. Below the fault, a
mixed sequence of well mineralized metasedimentary country rocks and multiphase intrusive sills was
encountered to a depth of 114.6 metres before transitioning into weakly mineralized metasedimentary
country rock. Visible gold was also observed throughout the drill hole (Figure 5).
The 2022 winter drilling program was focused in the area of the Blackjack Zone which was first
intersected by DDRCCC-21-021 (Hole 21). The Blackjack Zone occurs within the Saddle West Zone
where the Blackjack Fault obliquely intersects an east-west trending extensional corridor that is defined
by abundant lamprophyre dykes and a large gold-in-soil anomaly of >100 ppb and >500 ppb that covers
an area of 2 kilometres by 500 metres between the Saddle West, Blackjack, Saddle and Eiger Zones
(Figure 2). This extensional corridor controls the emplacement of the Saddle and Eiger intrusive stocks.
The large gold-in-soil anomaly is still open in all directions and drilling to date within this corridor has
demonstrated the potential for a continuous zone of gold mineralization. In addition to the classic
intrusion hosted gold mineralization consisting of sheeted veins within intrusive host rocks intersected
in Hole 21, similar to Victoria Gold’s Eagle Gold Mine(2) and Kinross’s Fort Knox Gold Mine(1), Hole 24
demonstrates significant gold mineralization in the surrounding metasedimentary rocks, including 2
metres of 35.6 g/t Au that was encountered, similar to Banyan Gold’s 3.99 M oz Au AurMac Project(5).
The winter drilling program continues to advance our understanding of the project and the company
awaits the results of the last winter drill hole currently being processed at the lab with great anticipation
as we prepare to complete a planned 10,000 metre drill program this summer.
Figure 1: Regional Map of the RC Gold Project
Figure 2: Plan Map of the Saddle-Eiger Zones at the RC Gold Project
Figure 3: Plan Map of the Diamond Drilling at the Blackjack Zone at the RC Gold Project
Figure 4: Cross Section of DDRCCC-22-024 (Hole 24)
Figure 5: Examples of Visible Gold Observed in DDRCCC-22-024 (Hole 24)
Table 1: Analytical Results for DDRCCC-22-024 (this news release)
Hole ID
Azimuth (°) Dip (°) Length (m) From (m) To (m) Interval* (m) Au (g/t)
DDRCCC-22-024 277 -47 204 4.5 112.00 107.5 1.44
including 16.00 82.00 66.00 2.11
including 24.00 35.00 11.00 3.76
including 66.00 67.00 1.00 7.92
including 80.00 82.00 2.00 35.60
*Intervals are drilled core length, as insufficient drilling has been undertaken to determine true widths at this time
Table 2: Analytical Results for Previously Released Drill holes at Blackjack Zone
Hole ID
Azimuth (°) Dip (°) Length (m) From (m) To (m) Interval* (m) Au (g/t)
DDRCCC-21-021
320 -45 367.5 6.0 226.1 220.1 1.17
including 11.0 187.0 176.0 1.27
including 43.0 71.0 28.0 1.36
including 80.8 184.0 103.2 1.61
including 80.8 81.0 0.2 35.7
including 81.0 81.5 0.5 9.81
Including 120.0 170.5 50.5 2.08
including 120.0 126.1 6.1 4.3