Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Sitka Gold (SIG) shares assay results from the  ongoing 2022 drilling program at its Alpha Gold Property in Nevada
  • The latest assay results are from the first two drill holes, AG22-09 and AG22-10
  • Director and VP of Corporate Development Mike Burke sat down with Daniella Atkinson to discuss the results 
  • The Alpha Gold Property is located on the southeast projection of the prolific Cortez gold trend in Nevada
  • Sitka Gold Corp. is Canadian-based junior gold, silver and copper explorer
  • Sitka Gold Corp. (SIG) opened trading at C$0.16 per share

Sitka Gold (SIG) released assay results from the first two drill holes completed during the 2022 drilling program at its Alpha Gold Property.

The company is conducting a planned 1,500 m drilling program at Alpha Gold, where drilling at hole AG22-12, which is a step-out located 5,600 m along trend from AG22-10, is currently underway.

Director and VP of Corporate Development Mike Burke sat down with Daniella Atkinson to discuss the results.

Highlights of gold assays include:

Drill hole AG22-10

  • 21.3 m of 1.21 g/t Au from 211.8 m including:
    • 13.7 m of 1.52 g/t Au from 217.9 m and
    • 1.5m of 4.62 g/t Au from 225.6 m

Drill hole AG22-09

  • 10.7 m of 0.51 g/t Au from 125.0 m

Sitka Gold has acquired a 100 per cent interest in the Alpha Gold Project, located along the southeast projection of the prolific Cortez Gold Trend southwest of Elko, Nevada. The project is comprised of one contiguous claim block totalling 239 lode claims covering an area of approximately 4,780 acres.

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

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


More From The Market Herald

" Dovish central bank statements fuel market rally

The TSX continued its 45-day, 12-per-cent rally closing with a gain of 0.2 per cent.

" @ the Bell: TSX logs best weekly performance since June

For the fourth straight session, Canada’s main stock index closed higher for its best weekly gain since early June.

" Prime Meridian (TSXV:PMR) announces $1M financing

Prime Meridian Resources Corp. (PMR) has signed a non-brokered private placement financing agreement for proceeds of up to $1 million.

" Fortune Bay (TSXV:FOR) files Goldfields PEA

Fortune Bay (FOR) has filed an independent preliminary economic assessment (PEA) for its Goldfields Project in Saskatchewan.