Sitka Gold Reports Best Drill Intercepts Ever at RC Gold Project!

Only recently Sitka Gold (CSE SIG / WKN A2JG70) had reported the drill hole with the highest grade ever measured at the RC Gold Project. Now CEO Cor Coe’s company follows up and presents the best mineralized intervals ever drilled at the project in the Yukon!

Namely, Sitka can present the results from drill hole DDRCCC-23-47, the fifth hole drilled during the 2023 drill program at RC Gold. And hole 47 encountered 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! In addition, there was a shorter mineralization intercept of 14 meters that contained an even higher 5.53 g/t gold.

Potential for further gold discoveries far from exhausted

Of particular note is that hole 47 is not only the best hole drilled to date on the RC Gold Project in terms of intercept length and grade, but Sitka also made this discovery in a wide-open area on the edge of the southern extent of the Blackjack Zone. In contrast, the high-grade mineralization mentioned above – 1.2 meters of 108.00 g/t gold – in the most recently reported hole 46 was drilled 405 meters to the northeast in what is known as the Clear Creek Intrusive Complex.

Both holes are wide-open extension holes to the initial resource of the Blackjack deposit, testing gold mineralization within the meta-sediments and intrusive rocks. According to Sitka CEO Cor Coe, these drill successes underscore that this deposit and the Clear Creek intrusive rock complex area are just beginning to show the potential for developing significant additional volumes of ounces there.

“We are very excited about the continued gold mineralization seen in the quartz-arsenopyrite veins in the meta-sediments in addition to the intrusive units and believe this will ultimately contribute to a very large gold deposit within the cluster of intrusive rocks and surrounding meta-sediments that form the Clear Creek Intrusive Complex,” said Coe.

Further drill results expected soon

Sitka has completed a total of 16 drill holes totaling approximately 6,515 metres on RC Gold as part of the 2023 drill program. So, the assay results of nine more drill holes are still pending. And the chances are good, in our opinion, that investors will be able to enjoy further hits. In any case, we are very excited. Especially since we assume that Sitka will be able to significantly expand the already existing resource of over 1.3 million ounces of gold with its 2023 drill program. In any case, we will stay on the ball!

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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. Furthermore, GOLDINVEST Consulting GmbH is remunerated by Sitka Gold for reporting on the company. This is another clear conflict of interest.

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