Sitka Gold Samples Up to 31.7 g/t Gold at New, Large Target Area

Sitka Gold (WKN A2JG70 / TSXV SIG) has recently completed another extremely successful drill program at its RC Gold project in the Yukon in 2024. Not only was it possible to expand the mineralization around the Blackjack deposit with some spectacular drill holes, Sitka also succeeded in proving significant gold mineralization in the Rhosgobel intrusion located 5 kilometers to the south with the first drill holes, there, ever. However, RC Gold is considerably larger than this, the size of an entire mining district. And Sitka is pursuing this enormous potential with a regional exploration program, which has now also been successful!

Specifically, CEO Corwin Coe’s company assayed up to 31.7 g/t gold in surface rock samples at the May-Qu target! May-Qu is also a target associated with a reduced intrusive gold deposit located approximately 22 kilometers east of the Blackjack deposit. The work has succeeded in widening this zone of planar quartz veining to more than 400 meters, once again demonstrating the scale and discovery potential of Sitka’s property.

In addition, the Sitka team was also able to confirm gold mineralization in the Mahtin target area, located another 17 kilometers north of May-Qu, with samples returning up to 11.05 g/t gold. At both May-Qu and the Mahtin target area, the company has already defined drill targets to be followed up in the future.

At least 16 further highly promising exploration targets identified

Sitka is not quite there yet with the Alp target area, but analysis of soil samples taken here in conjunction with geologic mapping and prospecting results indicate that the area may host an as yet undiscovered buried intrusion of the Tombstone Suite.

Sitka’s work, which included the collection of a total of 845 soil and 55 rock samples, built on extensive historical exploration activities. Most of the historical work in the eastern part of the project has focused on skarn-style mineralization on the margins of two intrusions, the Sprague Creek and Bos Stocks (the Mahtin and May-Qu zones, respectively), both of which average approximately 5 square kilometers in size. This historical work returned grab samples that contained gold values from the detection limit up to 9.2 g/t gold, but less attention was paid at the time to the significant potential for lower intrusion-related gold mineralization within the deposits themselves. However, after analyzing the historical data, Sitka’s technical team was able to identify drill targets in the Mahtin and May-Qu zones and define at least 16 (!) additional highly prospective exploration targets that they are eager to pursue.

Conclusion: We believe the exploration results reported today are extremely encouraging. While Sitka has focused its exploration efforts on targets within the Clear Creek Intrusive Complex and the area around the Blackjack gold deposit, the results of the regional exploration program indicate that impressive, widespread gold mineralization is present across the vast RC Gold property, much of which has not yet been explored. Consider that Sitka has now identified 11 intrusions with associated gold mineralization on the project! We look forward to hearing more about these new targets, which the company plans to investigate further as part of the largest-ever work program at RC Gold, which also includes up to 30,000 meters of diamond core drilling. However, drill results from six holes from the Blackjack and Pukelman areas from the last campaign are still pending. We are excited!