VANCOUVER, British Columbia, June 15, 2022 (Globe NEWSWIRE) – Sitka Gold (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) introduced higher-grade gold intercepts from the fourth diamond drill gap done during the company’s 2022 winter season exploration plan at its RC Gold Task in Yukon.
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The RC Gold Undertaking, a contiguous district-scale land bundle, consists of 376 sq. kilometers or 92,900 acres, found in the recently available road Apparent Creek, Massive Creek, and Sprague Creek districts in the coronary heart of Yukon’s really potential Tombstone Gold Belt. It is strategically positioned mid-way concerning Victoria Gold’s Eagle Gold Mine, which is Yukon’s most recent gold mine having achieved business manufacturing in the summer months of 2020, and Saber Gold Mine’s Brewery Creek Gold Mine.
The RC Gold Undertaking land offer features 5 underlying qualities, namely, the RC, Bee Bop, Mahtin, Clear Creek, and Barney Ridge properties.
The 2022 winter drilling plan concentrated on the place of the Blackjack Zone to start with intersected by Gap 21, consisted of 4 diamond drill holes, numbered 22 to 25, which totalled 1,243 meters. The Blackjack Zone happens within just the Saddle West Zone wherever the Blackjack Fault obliquely intersects an east-west trending extensional corridor. It is outlined by ample lamprophyre dykes and a massive gold-in-soil anomaly of> 100 ppb and> 500 ppb that covers an place of 2 kilometers by 500 meters among the Saddle West, Blackjack, Saddle and Eiger Zones
Highlights from DDRCCC-22-025, produced now, claimed 349. meters of .71 g / t gold, which started out at just 19. meters down below floor incorporated:
• 221. meters of 1.02 g / t gold from 25. meters,
• 48. meters of 1.63 g / t gold from 111. meters,
• 20. meters of 3.08 g / t gold from 109. meters and,
• 2. meters of 15.15 g / t gold from 111. meters.
Hole 25 stepped out about 80 meters to the east of Hole 21 and was drilled at the identical orientation and dip. It encountered identical geology to the prior drill holes with gold mineralization hosted both inside of intrusive and metasedimentary rocks with seen gold noticed in the drill core.
Cor Coe, P. Geo, CEO, said: “The assays from Gap 25 more show just how loaded and regular the gold mineralization is at our newly found Blackjack Zone. With 349. meters of .71 g / t of gold drilled from around surface area, which includes 221. meters of 1.01 g / t gold and 2 meters of 15.15 g / t gold, Hole 25 has verified that the gold mineralization in this zone is open and extends at at least 80 meters east of our preliminary discovery gap (Hole 21). Gold intervals of this magnitude are precisely what we are seeking for as we continue to move out and expand what appears to be a big location of potentially financial intrusion-similar gold mineralization. “
A sample of action-out holes is prepared to increase the zone east and west alongside the interpreted strike and even further outline the extent of gold-wealthy mineralization present in the Blackjack Zone. The intention of this section of drilling is to obtain ample information to estimate an preliminary gold useful resource.
Sitka has used two drill rigs that are presently on web-site to entire the planned 10,000 meter diamond drill program concentrating on the recently learned Blackjack Zone.
The organization is nicely funded getting not long ago elevated gross proceeds of approximately $ 4.7 million. The shares are buying and selling at $ .14.
For more data about this challenge and the company’s other projects in the Yukon, Arizona, Nevada and Nunavut, make sure you take a look at the company’s web-site at www.SitkaGoldCorp.comget in touch with Donald Penner, President, at 778-212-1950 or by email at [email protected]or Cor Coe, CEO, at 604-817-4753, or email [email protected].
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