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Be the first with the news that moves the market- Sitka (SIG) has released an initial Mineral Resource Estimate (MRE) for the Blackjack and Eiger gold deposits on the RC Gold Project in Yukon
- The Initial Mineral Resource Estimate comprises a total Inferred Mineral Resource of 1,340,000 ounces of gold beginning at surface
- The Blackjack zone discovered in late 2021 contains a higher grade resource of 900,000 ounces of gold at a grade of 0.83 g/t gold
- Mike Burke, Director and VP of Corporate Development, sat down with Sabrina Cuthbert to shed light on the results
- Sitka Gold is a well-funded mineral exploration company focused on gold, silver and copper
- Sitka Gold Corp. (SIG) opened trading at $0.145
Sitka (SIG) has released an initial Mineral Resource Estimate (MRE) for the Blackjack and Eiger gold deposits on the RC Gold Project in Yukon.
RC is a district-scale 376 sq. km contiguous land package in the heart of Yukon’s Tombstone Gold Belt, which hosts prominent intrusion-related gold systems. The project is strategically positioned mid-way between Victoria Gold’s Eagle Gold Mine and Sabre Gold’s Brewery Creek Gold Mine.
The MRE was prepared on behalf of the company by GeoSim Services Inc. and is based on drilling conducted between 2020 and 2022.
Exploration has focused on identifying an intrusion-related gold system.
Highlights:
- The Initial Mineral Resource Estimate comprises a total Inferred Mineral Resource of 1,340,000 ounces of gold beginning at surface.
- The Blackjack zone discovered in late 2021 contains a higher grade resource of 900,000 ounces of gold at a grade of 0.83 g/t gold at a cut-off grade of 0.25 g/t gold.
- The Blackjack and Eiger gold deposits are open in all directions. The resource does not include other areas, including the Saddle zone, where drilling has confirmed the presence of additional gold mineralization.
- Located in Yukon’s Tombstone Gold Belt, a rapidly expanding mining district.
- Initial metallurgical testing indicates that the gold is not refractory and has high gold recoveries of up to 94% with minimal NaCN consumption (see News Release dated July 13, 2022).
Mike Burke, Director and VP of Corporate Development, sat down with Sabrina Cuthbert to add further context to the results.
The RC Gold Project consists of a 376-square-kilometre contiguous district-scale land package located in the newly road-accessible Clear Creek, Big Creek, and Sprague Creek districts in the heart of Yukon’s Tombstone Gold Belt.
Sitka Gold is a well-funded mineral exploration company focused on gold, silver and copper. It holds interests in projects in Yukon, Nunavut, Nevada and Arizona.
Sitka Gold Corp. (SIG) opened trading at $0.145.
