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Sitka Gold Corp. (CSE:SIG) prepares for winter drill program at its RC Gold Project

Mining
CSE:SIG
06 January 2022 10:30 (EDT)

Source: Sitka Gold Corp.

Sitka Gold (SIG) has secured New Age Drilling Solutions Inc. to complete diamond drilling programs at its RC Gold Project in the Yukon.

Preparation of crew and equipment is underway and mobilization for the winter drilling program is expected within the next two weeks.

The drill programs at RC Gold will follow up with step out drilling on the recently announced discovery hole DDRCCC21-021 (“Hole 21”) that returned 220.1 m of 1.17 g/t gold from surface, including 50.5 m of 2.08 g/t gold.

Additional drilling is also planned along an overlying >100 ppb to >500 ppb gold-in-soil anomaly.

Additional results from five drill holes from the 2021 diamond drilling campaign at RC Gold are still pending and will be released once assay results have been received and compiled.

Cor Coe, P.Geo., Director and CEO of Sitka commented on the upcoming drill program.

“We are very excited to get the drill turning again at RC Gold to follow up on our recently announced results from Hole 21 that returned several intervals of elevated gold values, including 220.1 m of 1.17 g/t gold from surface that included 50.5 m of 2.08 g/t gold, and further define the large 2 kilometre by 500 metre target area outlined by the gold-in-soil anomaly. The exceptional results from Hole 21 are a game changer for both RC Gold and Sitka and reflect what we believe to be a structurally controlled high-grade gold corridor running throughout this large gold system. The potential for this area to host a major gold deposit with economically attractive grades has been greatly increased.

The focus now is on defining the extent of what appears to be a very rich gold system and generating a maiden resource within this area of the road accessible, district-scale RC Gold Project as soon as possible.”

The RC Gold Project consists of a 376 square kilometre contiguous district-scale land package located in the heart of Yukon’s Tintina Gold Belt and of the Tombstone Gold Belt.

Sitka Gold Corp. is Canadian-based junior gold, silver and copper explorer.

Sitka Gold Corp. (SIG) opened trading at C$0.16 per share.

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