{kanada_flagge}Sitka Gold Corp (CSE:SIG; FRA:1RF; OTCQB:SITKF) has significantly expanded its blackjack discovery in the Yukon with systematic step-out drilling, intersecting several thick intervals of >1 g/t gold. The most successful hole, DDRCCC-22-038, of the 16 freshly released holes from the second phase of the drill program, returned 180.0 m of 1.04 g/t Au from a depth of 176.0 m, with a longer interval totaling 305.2 m of the same hole measuring 0.78 g/t Au mineralization from a depth of 79.8m.
{kanada_flagge}Sitka Gold Corp (CSE:SIG; FRA:1RF; OTCQB:SITKF) has significantly expanded its blackjack discovery in the Yukon with systematic step-out drilling, intersecting several thick intervals of >1 g/t gold. The most successful hole, DDRCCC-22-038, of the 16 freshly released holes from the second phase of the drill program, returned 180.0 m of 1.04 g/t Au from a depth of 176.0 m, with a longer interval totaling 305.2 m of the same hole measuring 0.78 g/t Au mineralization from a depth of 79.8m.
The total gold-bearing interval was 401.5m long from a depth of 73m and returned grades of 0.63 g/t Au. These results are comparable to or better than the average gold grades of neighbor Victoria Gold, whose mine production is based on an average resource of 0.63 g/t gold.
Sixteen diamond drill holes totaling 5,250 metres (m) were drilled as part of the Phase II drill program. Results from the first eleven holes have already been released (see Company news releases dated September 7, 2022 and November 18, 2022). Only three more drill holes remain to be drilled.
Cor Coe, P.Geo., Director and CEO of Sitka Gold Corp. stated, “Step-out drilling at the Blackjack Zone continues to deliver very impressive results, with these latest holes demonstrating the continuation of attractive gold grades within this recently discovered gold zone. Diamond drill hole 38 (DDRCCC-22-038 or “Hole 38”) was drilled 175 metres (m) southeast of the Blackjack Zone discovery, Hole 21 (DDRCCC-21-021 or “Hole 21″), and intersected 180 m of 1.04 g/t gold, demonstrating the continuity of higher grades (>1 g/t gold) within the Blackjack Zone following Hole 21.”
Hole 38 was the furthest southeast intercept from hole 21 completed to date. Hole 38 was drilled on the same intercept as DDRCCC-22-025 (see Figures 1 and 2), which intersected 221.0 m of 1.01 g/t gold, while the total mineralized intercept from hole 25 graded 0.71 g/t gold over 349.0 m (see news release dated June 13, 2022). Several visible gold occurrences were encountered in hole 38, and structural measurements taken from these visible gold intercepts and other well-mineralized intercepts in the hole confirm the existing geological modeling of the deposit, which indicates that the steeply dipping, east-west trending quartz veins host the bulk of the gold mineralization. Gold mineralization in hole 38 was the deepest intercept to date within the Blackjack Zone and has increased the vertical extent of known mineralization to 545m.
Step-out drilling continues to contribute to the potential extent and grade of the Blackjack gold zone, which is open both laterally and at depth. Results are pending from the last two holes drilled in 2022 at the Blackjack Zone (DDRCCC-22-039 and -040), which intersected foliated quartz veins within intrusive rocks and also had visible gold in core. Sitka anticipates that these pending holes will further extend the new gold zone, which is marked by a 2 km long gold-in-soil anomaly with values ranging from > 100 ppb to > 500 ppb (Figure 3).
Drilling to date has demonstrated the potential for a continuous zone of gold mineralization along its entire length. In the next phase of drilling on RC Gold, Sitka intends to further increase tonnage and define the boundaries of this gold-rich zone.
Figure 1 – General map of diamond drill holes at the Blackjack Zone.
Figure 2 – Cross section of drill hole DDRCCC-22-038
Figure 3 – Overview map of drilling in the Blackjack-Saddle-Eiger Zone area at RC Gold.
Summary: The second phase of drilling has successfully expanded the Blackjack zone on Sitka’s RC Gold project while confirming the geologists’ underlying model. Mineralization at Sitka consists of both intrusive and metasedimentary bedrock. This explains the comparatively high-grade core of the drilling, which in turn could become important to the economics of the project. The upcoming drilling in phase III will continue to step out with the intent of expanding the known gold mineralization. The long intervals could result in significant tonnage being determined very quickly in the Blackjack Zone. Sitka is thus entering an advanced stage of exploration.
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