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Sitka Gold Corp. (English)

19. Januar 2023

Zugriffe: 756

Sitka Gold Corp (CSE:SIG; FRA:1RF; OTCQB: SITKF) today reported its maiden 43-101 standard mineral resource estimate: Based on 34 holes (11,630 meters) drilled between 2020 and 2022, the RC Gold Project thereafter comprises a total Inferred Mineral Resource of 1,340,000 ounces of gold, starting at surface. The Blackjack zone, discovered in late 2021, contains a higher-grade resource of 900,000 ounces of gold grading 0.83 g/t gold at a cut-off grade of 0.25 g/t gold.

Conclusion: Sitka Gold's speed and determination are second to none: In just over a year after the initial Blackjack discovery at the RC project in late 2021, Sitka now presents a remarkable maiden resource estimate of 1.3 million ounces of gold. Comparatively modest 11,000 meters of drilling (34 holes) have sufficed to achieve this. What is particularly encouraging is that the resource starts from surface and that it contains 900,000 higher grade ounces around Blackjack (just 20 holes) at average grades of 0.83 g/t. This figure is over 30 percent higher than the grades of the nearby Banyan Gold’s resource at Aurmac which now contains 4 Mio. ounces at 0,6 g/t applying a cutoff grade of 0,2 g/t. To get there took Banyan several hundreds of drill holes while Banyan’s initial resource started with 900.000 ounces at 0,5 t/t Gold. The difference in grades is no coincidence because, unlike Banyan, Sitka has hit the higher grade intrusive zone, not just the metasedimentary bedrock. Sitka intends to leverage this structural advantage as it continues to explore, seeking to connect the three individual parts of the project – Blackjack, Saddle and Eiger – into a cohesive resource area. In a best case scenario, the planned 10,000 meters of drilling could again double the now published resource by the end of this year. There are few gold explorers with similar momentum, if any.

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Sitka Gold Corp. (English)

11. Januar 2023

Zugriffe: 141

The release of one of the final holes of the 2022 drill program was worth a trading halt for Sitka Gold Corp (CSE:SIG; FRA:1RF; OTCQB:SITKF): almost exactly one year after the December 2021 discovery of the Blackjack Zone at the RC Gold Project in the Yukon, Sitka today released one of its best results ever since drilling began. Step-out hole DDRCCC-22-040 intersected 201.0 m at 1.26 g/t Au from surface, including 82.0 m at 2.04 g/t Au from surface, including 19.5 m at 4.87 g/t Au from surface, including 2.0 m at 31.20 g/t Au from 16.0 m. The majority of drilling to date at RC Gold has been focused on establishing the spatial requirements necessary to estimate an initial resource.

Conclusion: The latest set of drill holes released by Sitka Gold today provides strong confirmation that gold mineralization along the lead structure of the so-called "Blackjack Fault" is reliably returning higher grade results. The result will be used to define an initial resource, but it also provides geologists with important guidance for planning upcoming drill campaigns. Once again, Sitka will drill through the winter, something some of its competitors cannot do due to lack of infrastructure. The high speed at which Sitka is expanding its discovery is likely to be positively received by the market. At the end of the day, the vision is to connect the three previously isolated individual parts of Blackjack, Saddle and Eiger over a distance of two kilometers to form a potential multi-million ounce deposit. This idea should now slowly attract the attention of larger gold companies.

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Sitka Gold Corp. (English)

30. November 2022

Zugriffe: 965

Sitka Gold Corp (CSE:SIG; FRA:1RF; OTCQB:SITKF) has significantly expanded its blackjack discovery in the Yukon with systematic step-out drilling, intersecting several thick intervals of >1 g/t gold. The most successful hole, DDRCCC-22-038, of the 16 freshly released holes from the second phase of the drill program, returned 180.0 m of 1.04 g/t Au from a depth of 176.0 m, with a longer interval totaling 305.2 m of the same hole measuring 0.78 g/t Au mineralization from a depth of 79.8m.

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Sitka Gold Corp. (English)

23. November 2022

Zugriffe: 189

After Sitka Gold (CSE SIG / WKN A2JG70) reported new drill results from the RC Gold project in the Yukon a few days ago, the company followed up shortly thereafter with news from the Alpha Gold project in Nevada.

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Sitka Gold Corp. (English)

21. November 2022

Zugriffe: 397

Sitka Gold (CSE SIG / A2JG70) has completed a total of 16 diamond core holes totaling 5,250 meters on its RC Gold Project in the Tombstone Gold Belt of Canada's Yukon this year as part of a summer drill program. The objective was to expand the so-called Black Jack Zone and provide Sitka geologists with a solid data base for a more detailed understanding of this highly prospective area. All data will also be used for a potential initial resource estimate.

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Sitka Gold Corp. (English)

06. Oktober 2022

Zugriffe: 393

After only ten exploration drill holes in three years, Sitka Gold Corp. (CSE:SIG; FRA:1RF) has succeeded this season in providing definitive proof that its Alpha Gold project at the southeast end of the famous Cortez Trend in Nevada is a significant Carlin-type gold deposit.

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Sitka Gold Corp. (English)

07. September 2022

Zugriffe: 361

Sitka Gold Corp (CSE: SIG; FRA: 1RF; OTCQB:SITKF) continues to systematically expand its blackjack discovery at its RC Gold Project in the Yukon. Initial results from stepout drilling again support the potential size and richness of the Blackjack Zone and an approximately 2 km x 500 m extension corridor (see Figure 1).

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