This section is Partnership Content supplied

The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content.

Author of the article:

VANCOUVER, British Columbia, April 27, 2022 (GLOBE NEWSWIRE) Sitka Gold (CSE:SIG) (FSE:1RF) (OTCQB:SITKF) announced assay results from the first diamond drill hole completed during the companys 2022 winter exploration program at its RC Gold Project in Yukon.

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company, with video comments by Don Penner, CEO of Sitka Gold. The video is available for viewing on InvestmentPitch and on YouTube. If these links are not enabled, please visit http://www.InvestmentPitch.com and enter Sitka in the search box.

This advertisement has not loaded yet, but your article continues below.

The RC Gold Project, a contiguous district-scale land package, consists of 376 square kilometre or 92,900 acres, located in the newly road accessible Clear Creek, Big Creek, and Sprague Creek districts in the heart of Yukons highly prospective Tombstone Gold Belt. It is strategically positioned mid-way between Victoria Golds Eagle Gold Mine, which is Yukons newest gold mine having reached commercial production in the summer of 2020, and Sabre Gold Mines Brewery Creek Gold Mine. The RC Gold Project land package comprises five underlying properties, namely, the RC, Bee Bop, Mahtin, Clear Creek, and Barney Ridge properties.

The winter drilling program focused in the area of the Blackjack Zone which was first intersected by Hole 21. The Blackjack Zone occurs within the Saddle West Zone where the Blackjack Fault obliquely intersects an east-west trending extensional corridor. This corridor is defined by abundant lamprophyre dykes and the gold-in-soil anomaly of greater than 100 parts per billion and greater than 500 parts per billion over an area of 2 kilometres by 500 metres between the Saddle West, Blackjack, Saddle and Eiger Zones.

This advertisement has not loaded yet, but your article continues below.

Four diamond drill holes, 22-022, 23, 24 and 25, were completed during the 2022 winter program for a total of 1,242.8 metres. Approximately 9,000 metres are planned to be drilled during the spring-summer program utilizing two drill rigs to carry out the remainder of a 10,000-metre drill contract.

Hole 22 was collared 100 metres to the southeast of Hole 21 and drilled along the same section at 320 degrees azimuth to test for both lateral and vertical continuity and to further understand the mineralization controls of the Blackjack Fault. Hole 21 previously intersected 220.1 metres of 1.17 g/t gold from surface that included 50.5 metres of 2.08 g/t gold.

In addition to the classic intrusion hosted mineralization consisting of sheeted veins within intrusive host rocks intersected in Hole 21, similar to Victoria Golds Eagle Gold Mine and Kinrosss Fort Knox Gold Mine, Hole 22 has demonstrated that significant mineralization occurs in the surrounding metasedimentary rocks similar to Banyan Golds AurMac Project.

This advertisement has not loaded yet, but your article continues below.

Hole 22 encountered several intervals of elevated gold values from surface to a depth of 364.6 metres. Gold assay highlights from Hole 22-022 include 273 metres of 0.52 g/t gold from 46 metres to 319 metres including 124.0 metres of 0.81 g/t gold from 193.0 metres, 62.0 metres of 1.21 g/t gold from 253.0 metres, 14.0 metres of 3.85 g/t gold from 253.0 metres, and 2.0 metres of 6.36 g/t gold from 313.0 metres.

The shares are trading at $0.11. For more information about this project and the companys other projects in the Yukon, Arizona, Nevada and Nunavut, please visit the companys website at http://www.SitkaGoldCorp.com, contact Donald Penner, President, at 778-212-1950 or by email at dpenner@SitkaGoldCorp.com, or Cor Coe, CEO, at 604-817-4753, or email ccoe@SitkaGoldCorp.com.

This advertisement has not loaded yet, but your article continues below.

Disclaimer

The information in this InvestmentPitch Media Ltd video is for the viewers information only. Sitka Gold has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a companys story ahead of the 1,000s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT: InvestmentPitch Media Barry Morgan, CFO bmorgan@investmentpitch.com

This advertisement has not loaded yet, but your article continues below.

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

A welcome email is on its way. If you don't see it, please check your junk folder.

The next issue of Financial Post Top Stories will soon be in your inbox.

We encountered an issue signing you up. Please try again

Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notificationsyou will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.

Original post:

InvestmentPitch Media Video Discusses Sitka Gold's Reported Intercepts of 62.0m of 1.21 g/t Gold Including 14.0m of 3.85 g/t Gold at its RC Gold...