Sitka Gold Drills 449.0 Metres of 0.74 g/t Gold from Surface … – Junior Mining Network

VANCOUVER, BC, Sept. 5, 2023 /CNW/ -Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF)is pleased to announce assay results from the first three diamond drill holes (DDRCCC-23-043, 044 and 045) of the Company's 2023 summer drill program on the Company's 376 square kilometre, road accessible RC Gold Project ("RC Gold" or the "Project") located in Yukon's Tombstone Gold Belt ("TGB"), approximately 100 kilometres east of Dawson City. A diamond drilling program of up to 10,000 metres is currently underway at RC Gold where an Initial Mineral Resource Estimate of 1,340,000 ounces of gold beginning at surface and grading 0.68 g/t was announced earlier this year (see news release dated January 19, 2023).

Assay highlights include:

"The results from the first three drill holes completed during our summer drill program at RC Gold continue to illustrate just how consistent and well-endowed the gold mineralization is at our expanding Blackjack deposit",commented Cor Coe, Director and CEO of Sitka Gold. "Extending Hole 43 added another 30 metres of 0.78 grams per tonne gold to the end of that drill hole (see news release dated June 21, 2023) resulting in an impressive 449.0 metre interval grading 0.74 grams per tonne gold beginning at surface. Drill holes 044 and 045 continue to expand this gold deposit to the south with several additional intervals of greater than one gram per tonne gold encountered (see Table 1). Step out drilling and fieldwork to expand both the Blackjack and Eiger gold deposits, both of which remain wide open, have been the primary focus of our 2023 summer field season at RC Gold along with additional exploration work in preparation to drill test other high priority gold targets within the Clear Creek Intrusive Complex (see Figure 4).

DDRCCC-23-043 was collared at the same location as DDRCCC-21-021 (see news release dated December 13, 2021) and drilled at an azimuth of 005 degrees and a dip of -85 degrees (see Figures 1 and 2). The purpose of the hole was to fill in a gap of data in the current resource model and to extend the higher-grade mineralization in the current resource to depth. The hole was started in the winter drilling program, and encountered significant mineralization, but was terminated in mineralized megacrystic quartz monzonite (MQZMN) at 426.7 m due to the onset of spring thaw conditions (see news release dated June 21, 2023). The hole was re-entered at the start of the summer drill program and extended to 526.4 m.

DDRCCC-23-043 continued in similar appearing megacrystic quartz monzonite (MQZMN) hosting quartz sulphide veins until 476 m where a 6 m lamprophyre dyke, a known and expected marker unit in the Blackjack Deposit, was intersected. From the 482 m to the end of the hole at 526.4 m the hole intersected moderately altered metasediments intruded by metre scale MQZMN dykes, with both units cross-cut by quartz sulphide veins.

DDRCCC-23-043 was variably mineralized throughout most of its length, including several instances of visible gold (see Figure 5), with the interval from 4.0 m to 494.7 m returning 493.8 m of 0.70 g/t gold. Significant intervals of higher-grade mineralization include 40.0 m of 1.02 g/t gold from 81.0 m; 138.0 m of 1.14 g/t gold from 315.0; 28.0 m of 1.99 g/t gold and 14.0 m of 3.28 g/t gold from 345 m. Narrower intervals of multi-gram gold mineralization include 1.0 m of 6.95 g/t gold from 27.0 m; 1.0 m of 7.09 g/t gold from 53.5 m and 2.0 m of 5.00 g/t gold from 241.0 m.

Holes DDRCCC-23-044 and DDRCCC-23-045 with azimuths of 040 degrees and dips of 55 and -65 respectively, were drilled from the same location to extend the current resource to the south and at depth (see Figure 1 and 3). Both holes intersected moderately to strongly altered metasediments intersected by metre scale MQZMN dykes throughout their length. Quartz vein density with locally massive development of arsenopyrite generally increased downhole in both holes and both holes also encountered visible gold (see Figure 6).

Hole DDRCCC-23-044 returned 161.8 m of 0.71 g/t gold from 107.2 m, including 24.0 m of 1.10 g/t gold from 143.0 m, 34.0 m of 1.66 g/t gold from 235.0 m and 16.0 m of 2.36 g/t gold from 253.0 m.

DDRCCC-23-045 returned several mineralized intervals including 52.5 m of 0.51 g/t gold from 57.0 m with 14.0 m of 0.80 g/t gold from 57.0 m.

The Company has completed 14 drill holes totalling approximately 6,000 metres as part of itsongoing 2023 diamond drill program at RC Gold where up to 10,000 metres of drilling is planned. Analytical results for remaining drill holes completed to date will be released once they have been received and compiled.

Table 1 Assay Highlights for DDRCCC-23-043 to -045

HoleID

Azimuth ()

Dip ()

From(m)

To(m)

Length(m)

Au(g/t)

DDRCCC-23-043

005

-85

4.0

497.8

493.8

0.70

including

4.0

453.0

449.0

0.74

including

4.0

32.0

28.0

0.91

including

27.0

28.0

1.0

6.95

including

53.5

54.5

1

7.09

including

81.0

121.0

40.0

1.02

including

173.0

203.0

30.0

1.38

including

241.0

273.0

32.0

0.67

including

241.0

243.0

2.0

5.00

including

315.0

453.0

138.0

1.14

including

320.0

331.0

11.0

2.39

including

345.0

373.0

28.0

1.99

including

345.0

359.0

14.0

3.28

including

391.0

453.0

62.0

1.07

including

423.0

453.0

30.0

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Sitka Gold Drills 449.0 Metres of 0.74 g/t Gold from Surface ... - Junior Mining Network