Sitka Gold Demonstrates Expansion Potential of Blackjack with 154.0 metres of 1.47 g/t Gold

With this, Sitka has achieved a first target of this year’s drilling and confirmed that strong gold mineralization continues 175 metres below and 45 metres southeast of hole 47. This hole, reported in September 2023, is the most successful to date at RC Gold and returned 219.0 meters of 1.34 g/t gold, including 124.8 meters of 2.01 g/t gold and 55.0 meters of 3.11 g/t gold.

Aggressive expansion drilling shows potential

Sitka CEO Cor Coe explains that the latest hole, which he says is an “aggressive” step-out hole, demonstrates the area’s potential for further, higher-grade gold mineralization in larger volumes, while also showing that pervasive gold mineralization occurs not only in the intrusive rock system, but also in the metasediments. This, says Coe, will ultimately contribute to a very large gold endowment within the grouping of intrusive rocks and surrounding metasediments that form the Clear Creek Intrusive Complex.

The company, and no doubt its shareholders, are now eagerly awaiting the results of drill hole 58, which was collared at a location around 70 meters north of borehole 57 and reached a length of 535.9 meters. The drill cores were logged, sampled and have already been submitted to the laboratory.

Summary: Hole 57 is the first hole of a 15,000 meter drill program at RC Gold. With this program, Sitka intends to further define and expand targets within the gold-rich Clear Creek intrusive complex, which hosts the Blackjack and Eiger deposits, both of which remain open in all directions. In addition, other highly prospective drill-ready targets in the project area will be investigated. Given the results presented today, we believe it is fair to say that Sitka’s drill program is off to a promising start! If the results continue, we believe the positive share price performance should do the same. (Of course, like all exploration companies, Sitka remains a risky speculation).