Sitka Receives Drill Permit FOR Extended Claim Block at Alpha GOLD IN Nevada
NEWS RELEASE
January 07, 2021
NR 21-01
www.sitkagoldcorp.com
SITKA RECEIVES DRILL PERMIT FOR EXTENDED CLAIM BLOCK AT ALPHA GOLD IN
NEVADA
VANCOUVER, CANADA – January 07 , 20 21: Sitka Gold Corp. (“Sitka” or the “Company”)
(CSE:SIG) (FSE:1RF) is pleased to announce that it has received the required drill permits from the
Bureau of Land Management (BLM) in Nevada for the newly staked claims at its Alpha Gold Property
(see news release dated December 30, 2020). The mining claims were staked to cover a newly
identified Carlin-type gold deposit target northwest of the existing Alpha Gold claims located along the
projection of the Cortez Gold Trend in Nevada.
Sitka is now permitted for up to 16 drill hole sites at its Alpha Gold Property. The Company is currently
in discussions with a drill contractor regarding drill rig availability and intends to commence drilling as
soon as a drill rig has bee n secured. The Company plans to initially drill the newly identified Carlin-
type gold deposit target on the recently staked mining claims and will determine subsequent drill
activity based on the drill results obtained as well as results from ongoing field work on site. The
Company recently completed and has submitted silt sediment and rock samples taken on the newly
acquired claim block to the lab for analysis on a rush basis, and will utilize these results in refining the
drill hole collar location.
“We are pleased to have received permits to drill our newly ide ntified second Carlin-type gold deposit
target at our Alpha Gold property, loca ted in Nevada’s Carlin Gold Province ”, commented Cor Coe,
CEO and Director of Sitka. “The Company intends to commen ce drilling this new target once it has
received the results from recently completed field work and secured a drill contractor and rig.”
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 have 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 th e RC, Barney Ridge, Clear Creek
and OGI properties in Yukon and the Burro Creek Gold property in Arizon a. 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 i ndication 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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