- Sitka Gold Corp. (CSE:SIG) released fresh assay results from a diamond drill hole at the RC Gold Project in the Yukon Territory
- Diamond drill hole DDRCCC-23-043 is the third diamond drill hole of the 2023 winter drill program
- The resource expansion drilling program is underway at the project 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
- Sitka Gold Corp. (SIG) opened trading at $0.10 per share
Sitka Gold Corp. (CSE:SIG) released fresh assay results from a diamond drill hole at the RC Gold Project in Canada’s Yukon Territory.
Diamond drill hole DDRCCC-23-043 is the third diamond drill hole of the 2023 winter drill program. The resource expansion drilling program is underway at the project 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.
Assay highlights from DDRCCC-23-043:
- 422.7 metres (m) of 0.74 g/t Au from 4.0 m to 426.7 m (end of hole) including:
- 28.0 m of 0.91 g/t Au from 4.0 m
- 40.0 m of 1.02 g/t Au from 81.0 m
- 111.7 m of 1.24 g/t Au from 315.0 m
- 14.0 m of 3.28 g/t Au from 345.0 m
RC is a district-scale 376 square kilometre contiguous land package in the heart of Yukon’s Tombstone Gold Belt, which hosts prominent intrusion-related gold systems. The project is strategically positioned midway between Victoria Gold’s Eagle Gold Mine and Sabre Gold’s Brewery Creek Gold Mine.
The 10,000-metre drilling program seeks 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.
Sitka’s CEO, Cor Coe, said in a news release that the results obtained from Hole 43 are quite remarkable and further illustrate just how consistent and well-endowed the gold mineralization is at the Blackjack deposit.
“Gold mineralization was encountered at surface and continued for the entire 422.7-metre length of this drill hole, which averaged 0.74 g/t gold and had multiple occurrences of visible gold. Hole 43 was designed to fill in an area of our deposit model that was missing drill core data and test for mineralization at depth,” Coe said. “Although the drill hole was stopped in mineralization at the end of our winter program to avoid any complications that could arise during the spring thaw, it has since been re-entered and drilling is currently underway to extend it at depth. Additional step out drilling to expand both the Blackjack and Eiger gold deposits, both of which remain wide open, will be the primary focus of our 2023 summer field season at RC Gold along with additional exploration drilling to test for continuity across the mineralized corridor.”
Sitka Gold is a 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 $0.10 per share.
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