{kanada_flagge}Has Sitka Gold Corp. (CSE: SIG; FSE: 1RF; OTCQB: SITKF) only discovered the tip of the iceberg at its RC Gold Project to date? This is now indicated by the first computer modeling of geophysical data collected in 2022 during airborne surveys in a corridor extending from the Blackjack and Eiger gold deposits. There is strong evidence that the gold-bearing intrusive bodies present at surface and hosting the intrusion-related gold deposits may be much larger than previously defined and appear to be part of a large, gold-rich intrusive system that is interconnected at depth. The coincident geochemical data also indicate that the gold mineralized corridor that extends across the Blackjack and Eiger gold deposits appears to be over 5 kilometers long.
{kanada_flagge}Has Sitka Gold Corp. (CSE: SIG; FSE: 1RF; OTCQB: SITKF) only discovered the tip of the iceberg at its RC Gold Project to date? This is now indicated by the first computer modeling of geophysical data collected in 2022 during airborne surveys in a corridor extending from the Blackjack and Eiger gold deposits. There is strong evidence that the gold-bearing intrusive bodies present at surface and hosting the intrusion-related gold deposits may be much larger than previously defined and appear to be part of a large, gold-rich intrusive system that is interconnected at depth. The coincident geochemical data also indicate that the gold mineralized corridor that extends across the Blackjack and Eiger gold deposits appears to be over 5 kilometers long.
Sitka’s interpretation confirms the conclusions of previous exploration companies, including Newmont Exploration Limited, which as early as 1998 assumed that the Saddle, Eiger, Josephine and Pukelman intrusions merge at depth. Additional data from Newmont, including airborne radiometric measurements, supported this theory, but Newmont withdrew from the project before the theory could be tested by drilling.
Figure 1: Intrusive deposits along the 5 km Blackjack corridor and magnetic susceptibility.
Cor Coe, CEO and Director of Sitka Gold commented, “The results of this MAG survey have significantly expanded the size and extent of the intrusion-related gold system in our Blackjack and Eiger gold deposits. The magnetic peaks show the potential for a massive intrusive body at depth that reaches surface in multiple locations, including the Blackjack, Eiger, Pukelman and Josephine intrusive stocks, which we believe could eventually host a large gold system linking the intrusions found at surface.”
Figure 2: 3D modeling of magnetic susceptibility. It is good to see how the magnetic zone at Blackjack extends close to surface.
CONCLUSION: The new computer model suggests that the potential discovery in the Blackjack corridor is many times greater than the current initial mineral resource estimate of 1,340,000 ounces of gold, which was delineated with only 13,000 meters of drilling. The data shows a whole new dimension: Sitka could be sitting on a robust world-class gold system. The newly available information is therefore likely to be followed very closely, especially by large gold companies. We look forward to seeing the results of the ongoing 10,000 m drilling this season. More than ever, Sitka knows where it is worth drilling to expand the gold corridor – perhaps Sitka will dare to drill one or two deeper holes as well.
Disclaimer: GOLDINVEST Consulting GmbH publishes comments, analyses and news on https://goldinvest.de. This content exclusively serves the information of the readers and do not represent any kind of call to action;, neither explicitly nor implicitly are they to be understood as an assurance of possible price developments. Furthermore, they do not in any way replace individual expert investment advice and do not constitute an offer to sell the stock(s) discussed or a solicitation to buy or sell securities. This is expressly not a financial analysis, but an advertising / journalistic text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. There is no contractual relationship between GOLDINVEST Consulting GmbH and its readers or the users of its offers, because our information refers only to the company, but not to the investment decision of the reader.
The acquisition of securities involves high risks, which can lead to a total loss of the invested capital. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research, however, any liability for financial loss or the content guarantee for timeliness, accuracy, adequacy and completeness of the articles offered here is expressly excluded. Please also note our terms of use.
Pursuant to §34b WpHG and §48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH hold shares of Sitka Gold and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of the company at any time which could affect the share price. Furthermore, GOLDINVEST Consulting GmbH is remunerated by Sitka Gold for reporting on the company. This is another clear conflict of interest.
