Sitka Receives Ni 43-101 Report ON Burro Creek Property
Sitka Gold Corp.
1500 - 409 Granville Street
Vancouver, BC, V6C 1T2
NEWS RELEASE
CSE: SIG
October 31st, 2018
NR 18-19
www.sitkagoldcorp.com
SITKA RECEIVES NI 43-101 REPORT ON BURRO CREEK
PROPERTY
Vancouver, B.C. – October 31st, 2018 – Sitka Gold Corp. (CSE: SIG) ("Sitka" or the "Company") is
pleased to announce that it has filed with the British Columbia Securities Commission, an updated NI
43-101 Technical Report on its recently acquired Burro Creek Property in Arizona. The Report was
prepared by Ms. Jean Pautler, P.Geo., an independent registered professional geologist with
Engineers and Geoscientists British Columbia. The report can be found on SED AR and on the
Company’s website.
The report presents a two-phase exploration to expand the size of the currently known deposit.
Phase 1 will consist of geophysical surveys, trenching and geochemical surveys in advance of further
drilling. During this time the existing Historical Mineral Resource Estimate on the property will be
updated to bring it in line with present-day NI 43-101 reporting standards. Phase 2 calls for 4,000m of
drilling in approximately 50 holes. The total cost of Phase 1 & 2 will be approximately $1.3 million
CAD.
Additionally, the Company has recently staked 27 lode claims on highly prospective ground adjacent
to the 4 patented mineral claims where much of the exploration will take place going forward. This
adds to the existing 8 lode claims and patented claims to bring the total ar ea for the project to
approximately 750 acres.
About the Burro Creek Property
The Burro Creek Property is located 1.6 km off of State Highway 93 in Mohave County, Arizona,
approximately 265 km southeast of Las Vegas, Nevada and 200 km north of Phoenix, Arizona. The
750 acre property is accessible via dirt road and consists of four patented mineral claims (situated on
private land) and 35 surrounding lode mineral claims. The Property is situated in an active mining belt
that includes Freeport McMoran Copper & Gold Inc.’s neighbouring Bagdad Mine (www.fcx.com).
Northwest Arizona also hosts other gold & silver development properties such as Northern Vertex
Mining Corp.’s Moss Gold-Silver project (www.northernvertex.com).
The Property covers a low-sulphidation epithermal vein system (the “Burro Vein”) that hosts gold and
silver Indicated and Inferred Historical Mineral Resource Estimates. The Burro Vein has been traced
for over 1.7 km with reported widths of up to 45 meters and remains open for expansion along strike
near surface and at depth. Results from a Mobile Metal Ion (MMI) soil survey conducted in 2013 by
the last operators on the Property returned an anomalous gold and silver trace across the basalt
cover that is interpreted to be the buried portion of the Burro Vein over a strike length of
approximately 1.0 km. This anomaly provides immediate drill targets to test the continuity of the Burro
Vein and potentially expand the known Historical Mineral Resource Estimate. Parallel high-tension
power lines lie within 1.6 km of the Burro Deposit and water rights on the P roperty have been
secured, providing the project with excellent infrastructure for future development (see previous news
release NR18-18, dated September 21, 2018).
This news release has been reviewed and approved by Donald Penner, P. Geo., President of Sitka
Gold Corp., a “Qualified Person” under National Instrument 43 -101 Standard for Disclosure for
Mineral Projects.
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 and copper mineral properties of merit.
Sitka currently has an option to acquire a 100% interest in the Adobe Gold property in Nevada, an
option to earn a 100% interest in the Burro Creek Property in Arizona and owns a 100% interest in its
Coppermine River project in Nunavut and the Alpha Gold property in Nevada.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
“Donald Penner”
President and Director
For more information contact:
Donald Penner
President & Director
or
Cor Coe
CEO & Director
604-817-4753
or
Peter MacLean
Director
604-781-8513
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy
or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
Certain statements included herein may constitute “forward -looking statements”. All statements
included in this press release that address future events, conditions or results, including in connection
with exploration activity, future acquisitions and any financing, are forward-looking statements. These
forward-looking statements can be identified by the use of words such as “may”, “must”, “plan”,
“believe”, “expect”, “estimate”, “think”, “continue”, “should”, “will”, “could”, “intend”, “anticipate” or
“future” or the negative forms thereof or similar variations. These forward -looking statements are
based on certain assumptions and analyses made by management in light of their experiences and
their perception of historical trends, current conditions and expected future developments, as well as
other factors they believe are appropriate in the circumstances. These statements are subject to risks,
uncertainties and assumptions, including those mentioned in the Company’s continuous disclosure
documents, which can be found under its profile on SEDAR (www.sedar.com). Many of such risks and
uncertainties are outside the control of the Company and could cause actual results to differ materially
from those expressed or implied by such forward-looking statements. In making such forward-looking
statements, management has relied upon a number of material factors and assumptions, on the basis
of currently available information, for which there is no insurance that such information, will prove
accurate. All forward-looking statements are expressly qualified in their entirety by the cautionary
statements set forth above. The Company is under no obligation, and expressly disclaims any
intention or obligation, to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly required by applicable law.