Gold mineralization is consistent in the area
Visible gold in drill core at Sitka Gold Corp.’s (TSX-V:SIG; FSE:1RF; OTCQB:SITKF) RC Gold Project in the Yukon has proven to be a reliable early indicator for subsequent drill hole assays. Of the 56 drill holes analyzed to date on the project, those with visible gold later returned the highest grade results. Apparently Sitka Gold Corp. has hit it again in its first drill hole of the new 2024 season, the 57th, as the drill core again shows visible gold. This is particularly encouraging because this hole is a step-out from the best hole (047) drilled on the project to date. Hole 057 is also the first hole of up to 15,000 meters of diamond drilling to be drilled at RC Gold this year.
Hole 057 was drilled to a depth of 550.2 meters and was a step-out to the west from hole DDRCCC-23-047, which was the highest grade intercept to date on the project in the current southern extent of the Blackjack Zone 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. Drill hole DDRCCC-24-058 (hole 058) is located approximately 70 meters north of hole 57 and is currently being drilled at a dip of -60 degrees and an azimuth of 60 degrees (see Figure 1). Hole 57 is currently being logged and cut in preparation for delivery to the assay laboratory.
Cor Coe, Director and CEO of Sitka Gold, commented, “The observations of visible gold in the first completed hole of our ongoing winter diamond drilling campaign at RC Gold confirms that gold mineralization is consistent in the area. This step-out drilling from hole 47, which has been our best hole to date on the project, demonstrates the real potential to extend high-grade gold mineralization south and southeast of the current Blackjack deposit, which remains open in all directions.”
Drill hole DDRCCC-24-057 was drilled to test the southeast extension of the well mineralized quartz monzonite intrusion intersected in drill hole DDRCCC-23-047. Two broad zones of feldspar megacryst quartz monzonite intrusion (49.9 – 160.9 m and 446.6 – 509.9 m) were intersected within a large package of Late Proterozoic Yusezyu Formation (Hyland Group) biotite schist, phyllite and quartzite. A narrow lamprophyre dyke was intersected from 241.6 to 243.2 m along with numerous narrow (1-2 m) quartz monzonite dykes intersecting the Yusezyu Formation metasediments (see Figure 2).
Both intrusions were cut by abundant 1-2 cm thick quartz veins, quartz-arsenopyrite veins and predominantly arsenopyrite veins with narrow cm sericite alteration halos.
The main objectives of this year’s drilling will be to expand and define targets within the Clear Creek Intrusive Complex, which currently hosts the Blackjack and Eiger gold deposits – both of which are open in all directions – and the Saddle Zone (see Figure 3). In addition, drilling is aimed at advancing drill-ready targets elsewhere on the 386 square kilometer property.
Summary: The cross-section plot (Figure 2) of both holes 47 and 57 basically tells the whole story in a nutshell. Hole 57 was drilled adjacent to and below hole 47. Just below the interval where hole 47 reported the highest grades, hole 57 also hit visible gold. For Sitka, there can be little better confirmation that the company is drilling in the right structure – presumably one of the intrusions itself, from which the gold later migrated into the surrounding meta-sediment. Finding the intrusion after which the Yukon deposit type is ultimately named is likely to be critical to future drilling success, as the intrusive zones tend to be higher grade and they can be traced structurally. This bodes very well for the current drilling program, that only just started.
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