Sitka Strengthens its Management Team in Preparation for a Busy 2023 Exploration Season
NEWS RELEASE
February 23, 2023
NR 23-06
www.sitkagoldcorp.com
Sitka Strengthens its Management Team in Preparation for
a Busy 2023 Exploration Season
VANCOUVER,
CANADA
–
February
23,
2023:
Sitka
Gold
Corp.
(“Sitka”
or
the
“Company”)
(CSE:SIG)
(FSE:1RF)
(OTCQB:SITKF)
is
pleased
to
announce
that
it
has
appointed
Mr
J.
Greg
Dawson,
M.Sc.,
P.Geo
as
Vice
President
Exploration
(Canada)
and
Mr.
Jodie Gibson, P.Geo as Chief Geologist.
Mr.
Dawson
has
over
30
years
of
experience
in
the
mineral
exploration
Industry.
He
holds
a
B.Sc.
in
geology
from
the
University
of
British
Columbia,
a
M.Sc.
from
Queens
University
and
is
a
registered
Professional
Geoscientist
with
EGBC
and
is
a
recipient
of
the
Frank
Woodside
award
for
distinguished
service
to
the
Association
for
Mineral
Exploration
British
Columbia.
His
work
experience
includes
acting
as
Director
of
Exploration
for
GroundTruth
Exploration,
Vice
President
Exploration
for
Colorado
Resources,
President
and
Vice
President,
Exploration
of
Copper
Ridge
Exploration
as
well
serving
as
District
Manager
and
General
Manager
with
Teck
Exploration
Ltd.
in
Central
Asia
and
South
America.
He
also
spent
several
years
earlier
in
his
career
working
for
the
Hunter
Dickinson
Group
and
its
associated companies. Mr Dawson has been a Director of Sitka Gold Corp. since 2019.
Mr.
Gibson
is
a
professional
geologist
with
over
15
years
mineral
exploration
experience
throughout
the
North
American
Cordillera
from
Alaska
to
Mexico;
including
syngenetic
and
epigenetic
precious
and
base
metal
systems.
He
was
the
Project
Manager
of
the
Underworld
Resources
Inc.
exploration
team
that
discovered
and
defined
the
Golden
Saddle
and
Arc
deposits.
These
assets
were
subsequently
sold
to
Kinross
in
2010
for
$139
million.,
Mr.
Gibson
also
served
as
Vice
President
Exploration
for
White
Gold
Corp
where
he
oversaw
over
$30
million
in
exploration
activities
with
highlights
including
expansion
of
the
Golden
Saddle
and
Arc
deposits
and
five
new
discoveries
across
the
White
Gold
district;
including
the
high-grade
Vertigo
discovery
on
the
JP
Ross
property.
In
2020,
Mr.
Gibson
was
recognized as the 2020 Yukon Prospector of the Year.
Cor
Coe,
President
and
CEO,
comments:
“We
are
pleased
to
strengthen
our
technical
management
team
with
the
appointments
of
Mr
Dawson
and
Mr
Gibson.
They
are
both
seasoned
success
driven
professionals
with
extensive
experience
in
gold
exploration
in
Yukon
and
will
be
instrumental
in
helping
the
company
build
on
the
recently
released
maiden
resource on our RC Gold Project (see company press release dated January 19, 2023).”
Grant of Stock Options
Sitka
also
announces
that
it
has
granted
an
aggregate
of
900,000
incentive
stock
options
to
officers, directors and employees of the Company.
The
Options
are
exercisable
at
$0.11
per
share
for
a
period
of
three
years
from
the
date
of
grant and are subject to the policies of the Canadian Securities Exchange.
About Sitka Gold Corp.
Sitka
Gold
Corp.
is
a
well-funded
mineral
exploration
company
headquartered
in
Canada.
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
the
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
has
received
all
assay
results
from
its
2022
diamond
drill
program
at
its
RC
Gold
Project
in
the
Yukon
and
announced
a
43-101
compliant
Initial
Mineral
Resource
Estimate
of
1,340,000
ounces
of
gold
beginning
at
surface
and
grading
0.68
g/t
(see
news
release
dated
January
19,
2023).
Results
from
2022
drilling
at
the
Company’s
Alpha
Gold
Property
in
Nevada
where
a
new
Carlin-type
gold
system
was
recently
discovered
have
all
been
received.
The
Company
is
focused
on
vectoring
towards
the
high-grade
core
of
this
newly
discovered
system
which
is
located
in
the
Cortez
Trend
just
40
km
southwest
of
the
Cortez
Mine Complex of Barrick/Newmont.
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
This
news
release
contains
forward
-
looking
statements
and
forward
looking
information
within
the
meaning
of
applicable
securities
laws.
These
statements
relate
to
future
events
or
future
performance.
All
statements
other
than
statements
of
historical
fact
may
be
forward
-
looking
statements
or
information.
Forward
-
looking
statements
and
information
are
often,
but
not
always,
identified
by
the
use
of
words
such
as
“appear”,
“seek”,
“anticipate”,
“plan”,
“continue”,
“estimate”,
“approximate”,
“expect”,
“may”,
“will”,
“project”,
“predict”,
“potential”,
“targeting”,
“intend”,
“could”,
“might”,
“should”,
“believe”,
“would”
and
similar
expressions.
Forward-looking
statements
and
information
are
provided
for
the
purpose
of
providing
information
about
the
current
expectations
and
plans
of
management
of
the
Company
relating
to
the
future.
Readers
are
cautioned
that
reliance
on
such
statements
and
information
may
not
be
appropriate
for
other
purposes,
such
as
making
investment
decisions.
Since
forward
-
looking
statements
and
information
address
future
events
and
conditions,
by
their
very
nature
they
involve
inherent
risks
and
uncertainties.
Actual
results
could
differ
materially
from
those
currently
anticipated
due
to
a
number
of
factors
and
risks.
These
include,
but
are
not
limited
to,
the
expected
timing
and
terms
of
the
private
placement,
use
of
proceeds,
anticipated
work
program,
required
approvals
in
connection
with
the
work
program
and
the
ability
to
obtain
such
approvals.
Accordingly,
readers
should
not
place
undue
reliance
on
the
forward
-
looking
statements,
timelines
and
information
contained
in
this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.
The
forward
-
looking
statements
and
information
contained
in
this
news
release
are
made
as
of
the
date
of
this
news
release
and
no
undertaking
is
given
to
update
publicly
or
revise
any
forward
-
looking
statements
or
information,
whether
as
a
result
of
new
information,
future
events
or
otherwise,
unless
so
required
by
applicable
securities
laws
or
the
CSE.
The
forward-looking
statements
or
information
contained
in
this
news
release
are
expressly
qualified by this cautionary statement.
Neither
the
CSE
nor
its
Regulation
Services
Provider
(as
that
term
is
defined
in
the
policies
of
the
CSE)
accepts
responsibility
for
the
adequacy
or
accuracy
of
this
release.
No
stock
exchange,
securities
commission
or
other
regulatory
authority
has
approved
or
disapproved
the information contained herein.