The 10,000 meter drill program will focus primarily on extending mineralization beyond the area of the intrusive-associated Black Jack and Eiger gold deposits. The potential is great as both deposits remain open to extension in all directions. Blackjack and Eiger already have a combined inferred resource of 1.34 million ounces of gold. The deposits are part of the RC Gold Project, which is located in the so-called Tombstone Gold Belt (TGB) about 100 kilometers east of Dawson City.
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Accordingly, CEO Corwin Coe is eager to get active again in the Yukon and start diamond core drilling early in the season. Finally, Coe adds, the recently reported 1.34 million ounce resource at RC Gold is "ripe" for significant expansion and drilling this year is expected to significantly increase the number of ounces of gold.
The fact that Sitka has been able to prove up two gold deposits that extend to surface and contain over 1.3 million ounces of gold, while being open in all directions, with only 13,000 meters of drilling, clearly demonstrates the potential for RC Gold to be a district scale project. Given the largely undrilled, 1.5 kilometers long mineralization corridor connecting the two deposits, as well as several, additional promising intrusion-associated gold targets in the 376 square kilometer area, the Sitka CEO believes that to date they have only scratched the surface of a potential world-class project with potentially several million ounces of gold.
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