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Be the first with the news that moves the market- Sitka (SIG) has released final assays from its 2022 diamond drill program at the RC Gold Project in Yukon
- Highlights include 201.0 m of 1.26 g/t gold from surface and 10.0 m of 0.60 g/t gold from 357.0 m
- 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) is up by 7.69 per cent, trading at $0.14 per share
Sitka (SIG) has released final assays from its 2022 diamond drill program at the RC Gold Project.
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.
Exploration has focused on identifying an intrusion-related gold system.
Highlights:
- 201.0 m of 1.26 g/t gold from surface in DDRCCC-22-040, including:
- 82.0 m of 2.04 g/t gold from surface
- 19.5 m of 4.87 g/t gold from surface
- 2.0 m of 31.20 g/t gold from 16.0 m
- 10.0 m of 0.60 g/t gold from 357.0 m in DDRCCC-22-039, as well as:
- 12.0 m of 0.52 g/t gold from 336.0 m
- 3.0 m of 0.97 g/t gold from 458.0 m
“The 2022 step-out drilling at RC Gold was extremely rewarding for Sitka, with the results of these latest drill holes highlighting the tremendous potential of the Blackjack Zone, which was just discovered in December 2021. DDRCCC-22-040 is one of the best holes we have drilled to date at RC Gold,” stated Cor Coe, Sitka’s CEO.
“Our winter and summer diamond drilling programs last year were successful in demonstrating the continuity of strong and persistent gold mineralization throughout the Blackjack Zone, which remains open in all directions,” he added.
A 10,000 m drilling program in 2023 will seek to add tonnage at Blackjack, further examine controls on mineralization in intrusive and metasedimentary host rocks, and potentially link gold mineralization for up to 2 km across the project’s Saddle and Eiger zones towards an initial resource estimate.
Mike Burke, Director and VP of Corporate Development, sat down with Sabrina Cuthbert to add further context to the results.
Results from the final two drill holes at Sitka’s Alpha Gold Property in Nevada – where a new Carlin-type gold system was recently discovered – are expected shortly.
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) is up by 7.69 per cent, trading at $0.14 per share as of 11:30 am EST.
