Sitka Gold building ounces fast in prolific mining camp
Sitka Gold’s RC Gold Project, comprised of the RC Gold, Mahtin, Clear Creek and Barney Ridge properties, is a district-scale, contiguous land package of 2,169 claims covering approximately 42,166 hectares or 423 square kilometres within the geologically fertile and highly prospective Tombstone Gold Belt region.
The 1.34 million ounce deposit at the RC Gold Project is an intrusion-related gold deposit similar to other intrusion-related gold deposits that exist throughout the Tombstone Gold Belt such as Victoria Gold’s Eagle and Olive Deposits (with a combined 4.7 million ounces Au), Victoria Gold’s Brewery Creek Deposits (2.1 million ounces gold), Florin Resources Florin Gold Deposit (2.47 million ounces gold) and Banyan Gold’s AurMac Project (7.00 million ounces gold).
Numerous placer gold deposits also exist throughout this gold-rich belt. The Tombstone Gold Belt is located within the larger Tintina Gold Belt which also hosts Kinross Golds’ Fort Knox deposit in Alaska (3 million ounces of gold). Ten additional intrusion related gold deposit targets are present across the RC Gold Project but have yet to be tested as the initial focus has been at the Blackjack and Eiger zones. Gold Endowment in this district has increased by 11.03 million ounces since May 2020
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