Sitka Intercepts 62.0 Metres of 1.21 g/t Gold, Including 14.0 Metres of 3.85 g/t Gold at its RC Gold Project in Yukon
NEWS RELEASE
April 26, 2022
NR 22-11
www.sitkagoldcorp.com
Sitka Intercepts 62.0 Metres of 1.21 g/t Gold, Including 14.0
Metres of 3.85 g/t Gold at its RC Gold Project in Yukon
VANCOUVER,
CANADA
–
April
26,
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-22-022
(the
“drill
hole”
or
“Hole
22”),
the
first
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
program
(DDRCCC-22-022
to
DDRCCC-22-025)
for
a
total
of
1,242.8
metres.
Approximately
9,000
metres
are
planned
to
be
drilled
during
the
spring-summer
program
utilizing
two
drill
rigs
to
carry
out
the
remainder
of
a
10,000
metre
drill
contract.
Gold assay highlights from DDRCCC-22-022 include:
●
273 m of 0.52 g/t Au
from 46 m to 319 m including
○
124.0 m of 0.81 g/t Au
from 193.0 m,
○
62.0 m of 1.21 g/t Au
from 253.0 m,
○
14.0 m of 3.85 g/t Au
from 253.0 m,
○
2.0 m of 6.36 g/t Au
from 313.0 m.
“Hole
22
has
produced
some
fantastic
results
with
characteristics
similar
to
those
seen
in
our
initial
Blackjack
Zone
discovery
hole
(Hole
21)
and
further
enforces
our
belief
that
we
have
found
a
structurally
controlled,
high-grade
gold
corridor
within
the
larger
intrusion-related
gold
system
at
RC
Gold,”
stated
Cor
Coe,
P.Geo.,
CEO
and
Director
of
Sitka.
“Hole
22
is
the
first
follow-up
drill
hole
completed
since
our
discovery
of
the
Blackjack
Zone,
where
Hole
21
returned
220.1
metres
of
1.17
g/t
gold
from
surface
that
included
50.5
metres
of
2.08
g/t
gold
.
With
elevated
gold
values
encountered
from
surface
to
the
final
364.6
metre
depth
of
Hole
22,
in
both
intrusive
and
metasedimentary
host
rocks,
plus
visible
gold
observed
across
several
intervals,
we
now
have
confirmation
that
this
exciting
new
gold
zone
is
indeed
open
for
expansion.
As
we
eagerly
await
the
assays
from
the
additional
follow-up
drill
holes
completed
during
the
winter
drilling
program,
our
focus
will
now
be
on
determining
the
parameters
of
this
gold-rich
zone
and
building
tonnage
as
we
work
toward a resource estimate.”
The
winter
drilling
program
was
focused
in
the
area
of
the
Blackjack
Zone
which
was
first
intersected
by
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
the
gold-in-soil
anomaly
of
>100
ppb
and
>500
ppb
over
an
area
of
2
km
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.
Drilling
to
date within this corridor has demonstrated the potential for a continuous zone of gold mineralization.
In
addition
to
the
classic
intrusion
hosted
mineralization
consisting
of
sheeted
veins
within
intrusive
host
rocks
intersected
in
Hole
21,
similar
to
Victoria
Gold’s
Eagle
Gold
Mine
and
Kinross’s
Fort
Knox
Gold
Mine,
Hole
22
has
demonstrated
that
significant
mineralization
occurs
in
the
surrounding
metasedimentary
rocks
similar
to
Banyan
Gold’s
AurMac
Project
(5)
.
Hole
22
was
collared
100
metres
to
the
southeast
of
Hole
21
and
drilled
along
the
same
section
at
320
degrees
azimuth
to
test
for
both
lateral
and
vertical
continuity
and
to
further
understand
the
mineralization
controls
of
the
Blackjack
Fault
(Figures
3
and
4).
The
drill
hole
encountered
several
intervals
of
elevated
gold
values
from
surface
to
a
depth
of
364.6
metres
(see
Table
1).
The
winter
drilling
program
continues
to
advance
our
understanding
of
the
project
and
the
company
awaits
the
results
of
the
additional
three
holes
with
great anticipation as we prepare to complete the 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 Diamond Drill Holes Completed at the Blackjack Zone
Table 1: Analytical Results for DDRCCC-22-022
HoleID
Azimuth (°)
Dip (°)
Length (m)
From (m)
To (m)
Interval* (m)
Au (g/t)
DDRCCC-22-022
320
-45
364.6
46.0
319.0
273.0
0.52
including
48.0
85.0
37.0
0.76
193.0
317.0
124.0
0.81
253.0
315.0
62.0
1.21
253.0
267.0
14.0
3.85
313.0
315.0
2.0
6.36
314.0
315.0
1.0
10.15
*Intervals are drilled core length, as insufficient drilling has been undertaken to determine true widths at this time
About the RC Gold Project
The
RC
Gold
Project
consists
of
a
376
square
kilometre
contiguous
district-scale
land
package
located
in
the
newly
road
accessible
Clear
Creek,
Big
Creek,
and
Sprague
Creek
districts
in
the
heart
of
Yukon's
Tintina
Gold
Belt
and
of
the
Tombstone
Gold
Belt.
It
is
the
largest
consolidated
land
package
strategically
positioned
mid-way
between
Victoria
Gold's
Eagle
Gold
Mine—Yukon’s
newest
gold
mine
which
reached
commercial
production
in
the
summer
of
2020—and
Sabre
Gold
Mine’s
Brewery
Creek
Gold
Mine.
The
RC
Gold
Project
land
package
comprises
five
underlying
properties,
namely,
the
RC,
Bee
Bop,
Mahtin,
Clear
Creek,
and
Barney
Ridge
properties*.
The
Company
recently
identified
a
large
500
m
by
2000
m
intrusion
related
gold
system
on
the
Property
at
the
Saddle
Eiger
zone
and
to
date
has
drilled
23
diamond
drill
holes
into
this
system.
This
has
been
the
main
focus
of
the
Company’s
drill
programs
at
RC
Gold
in
2020
and
2021
which
have
returned
several
significant
gold
intercepts,
including
the
last
drill
hole
from
the
2021
drill
program,
DDRCCC-21-021
(“Hole
21”)
that
intersected
220.1
metres
of
1.17
g/t
gold
from
surface
that
included
50.5
metres
of
2.08
g/t
gold
.
Hole
21,
located
in
the
Saddle
West
Zone,
was
drilled
under
a
greater
than
500
ppb
gold-in-soil
anomaly
that
was
previously
identified
on
surface
and
is
part
of
the
larger
2
kilometre
by
500
metre
gold-in-soil
anomaly
that
stretches
from
the
Saddle
West
Zone
to
the
Eiger
Zone
and
is
open
in
all
directions.
This
drill
hole
was
collared
200
metres
south
of
any
previous
drilling
conducted
and
intersected
a
newly
recognized
controlling
structure
to
mineralization
known
as
the
Blackjack
Fault
(see news release dated December 13, 2021).
Sitka
Gold
inherited
a
wealth
of
historical
and
current
data
from
these
properties
from
work
spanning
the
last
40
years.
Recent
exploration
work
and
the
compilation
of
historical
data
have
defined
several
mineralized
zones
with
both
bulk
tonnage,
intrusion-related
gold
deposit
targets
and
high-grade,
vein-
and
breccia-hosted
gold
targets.
The
RC
Gold
Project
also
has
a
common
border
with
Victoria
Gold’s
Clear
Creek
property
at
its
western
boundary
and
Florin
Resources’
Florin
Gold
property
at
its
northern boundary.
*For
more
detailed
information
on
the
underlying
properties
please
visit
our
website
at
www.sitkagoldcorp.com
.
Deposit Model
Exploration
on
the
Property
has
mainly
focused
on
identifying
an
intrusion-related
gold
system
(“IRGS”).
The
property
is
part
of
the
Tombstone
Gold
Belt
which
is
the
prominent
host
to
IRGS
deposits
within
the
Tintina
Gold
Province
in
Yukon
and
Alaska.
Notable
deposits
from
the
belt
include:
Fort
Knox
Mine
in
Alaska
with
current
Proven
and
Probable
Reserves
of
230
million
tonnes
at
0.3
g/t
Au
(2.471
million
ounces;
Sims
2018)
(1)
;
Eagle
Gold
Mine
with
current
Proven
and
Probable
Reserves
of
155
million
tonnes
at
a
diluted
grade
of
0.65
g/t
Au
at
the
Eagle
and
Olive
deposits
(3.261
million
ounces;
Goodwin
et
al.
2019)
(2)
;
the
Brewery
Creek
deposit
with
current
Indicated
Mineral
Resource
of
22.2
million
tonnes
at
a
gold
grade
of
1.11
g/t
(0.789
million
ounces;
Hulse
et
al.
2020)
(3)
;
the
Florin
Gold
deposit,
located
adjacent
to
Sitka’s
RC
Gold
project,
with
a
current
Inferred
Mineral
Resource
of
170.99
million
tonnes
grading
0.45
g/t
(2.47
million
ounces;
Simpson
2021)
(4)
and
the
AurMac
Project
with
an
inferred
mineral
resource
of
52.6
million
tonnes
grading
0.535
gram
per
tonne
gold
at
a
0.2
g/t
Au cut-off
(5)
.
(1) Sims J. Fort Knox Mine Fairbanks North Star Borough, Alaska, USA National Instrument 43-101 Technical Report. June 11,
2018. https://s2.q4cdn.com/496390694/files/doc_downloads/2018/Fort-Knox-June-2018-Technical-Report.pdf
(2) Goodwin R, Gray P, Jutras M, Tang S, Wilbur S. Technical Report for the Eagle Gold Mine, Yukon Territory, Canada. JDS
Energy & Mining Inc. December 6, 2019.
https://vitgoldcorp.com/site/assets/files/6480/jds-vit-eagle-gold-ni-43-101-fs-report-20191206.pdf
(3) Hulse D, Emanuel C, Cook C. NI43-101 Technical Report on Mineral Resources. Gustavson Associates. May 31, 2020.
https://www.goldenpredator.com/_resources/Brewery-Creek_NI-43-101-05OCT2020-File.pdf
(4) Simpson R. Florin Gold Project NI43-101 Technical Report. Geosim Services Inc. April 21, 2021.
https://sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00005795&issuerType=03&projectNo=03236138&docId=4984158
(5
) https://www.sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00030589&issuerType=03&projectNo=03080763&docId=4756827
About Sitka Gold Corp.
Sitka
Gold
Corp.
is
a
mineral
exploration
company
headquartered
in
Canada
that
is
fully
funded
for
its
planned
2022
exploration
programs.
The
Company
is
managed
by
a
team
of
experienced
industry
professionals
and
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, its Mahtin Gold property in the Yukon and its Coppermine River project in Nunavut.
Sitka
is
currently
conducting
a
planned
10,000
metre
diamond
drill
program
at
its
RC
Gold
Project
in
the
Yukon
where
the
last
hole
drilled
in
2021
(Hole
21)
resulted
in
the
discovery
of
a
new
gold
zone
(the
Blackjack
zone)
and
returned
220.1
metres
averaging
1.17
g/t
gold
from
surface
including
50.5
metres of 2.08 g/t gold
(see news release dated February
17, 2022).
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