Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) (“Sitka” or the “Firm”) is happy to announce that assays from floor rock samples obtained throughout a regional sampling program have returned as much as 31.7 g/t gold on the Might-Qu goal, positioned within the south-east of the RC Gold Undertaking (“RC Gold” or the “Undertaking”) in Yukon. The Might-Qu is a diminished intrusion-related gold deposit goal positioned 22 kms east of the Blackjack Gold Deposit. Regional sampling additionally returned as much as 11.05 g/t gold on the Mahtin goal, one other diminished intrusion-related gold deposit goal positioned 17 kilometres north of Might-Qu (see Figures 1, 2 and 4). The Firm is at present awaiting assay outcomes from the final six diamond drill holes of the 2024 exploration program at RC Gold totalling 2,774 metres, with two holes from the Pukelman goal and 4 holes from the Blackjack goal areas.
- A big Diminished Intrusion-Associated Gold System (RIRGS) has been confirmed and prolonged on the Might-Qu goal inside the Mid-Cretaceous, Tombstone suite, Bos Inventory.
- This RIRGS system is 22 km from the Blackjack deposit space inside the contiguous 431 sq. kilometre, street accessible RC Gold property.
- Floor sampling of sheeted quartz veins inside the intrusion returned values as much as 31.7 g/t Au, and extends the zone of sheeted quartz veins to over 400 m vast.
- Gold mineralization was additionally confirmed on the Mahtin RIRGS goal, positioned 17 km north of Might-Qu inside the Sprague Inventory, with samples returning as much as 11.05 g/t Au.
- Prospecting, mapping and soil sampling on the Alp goal counsel the realm could host an undiscovered, buried Tombstone Suite intrusion.
Determine 1. A map of the RC Property exhibiting the diminished intrusion-related gold methods at Might-Qu and confirmed gold mineralization at Mahtin. Floor exploration outcomes on the Alp goal space counsel an undiscovered, buried Tombstone Suite intrusion could also be current.
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“We’re very inspired by the numerous outcomes generated from our systematic regional exploration efforts at RC Gold this season which culminated within the identification of one other giant diminished intrusion-related gold system at Might-Qu and newly outlined drill targets at each Might-Qu and Mahtin, positioned on the jap portion of our 431 sq. kilometres declare block at RC Gold”, commented Cor Coe, CEO, Director and Founding father of Sitka. “Outcomes from floor sampling of sheeted quartz veins at Might-Qu returned robust gold values of as much as 31.7 g/t gold and prolonged this zone of sheeted quartz veins to over 400 metres vast, additional highlighting the size and fertility of this district-scale land bundle. Whereas our focus has primarily been inside the Clear Creek Intrusive Complicated and the Blackjack gold deposit space, roughly 22 kilometres to the northwest, the optimistic outcomes of this regional exploration program point out spectacular, widespread gold mineralization is current throughout this largely-underexplored property, the place 11 intrusions with related gold mineralization have been recognized to this point. We stay up for extra follow-up at these targets as a part of our largest ever work program at RC Gold, the place as much as 30,000 metres of diamond drilling are deliberate for 2025.”
The rock samples had been collected as a part of focused prospecting, mapping, and soil sampling program accomplished throughout the 2024 exploration program that coated potential geology positioned on the jap half of the 431 sq. kilometre contiguous RC Gold property. This work adopted up on a big quantity of historic early stage exploration work accomplished during the last 40 years, together with 4,177 line kilometres of airborne geophysical surveying, 277 line kilometres of LiDAR surveying, numerous small floor geophysical surveys and the gathering of 18,180 soil samples and restricted exploratory drilling.
Many of the historic work inside the east portion of the Undertaking centered on skarn-style mineralization on the periphery of two intrusions, the Sprague Creek and Bos shares (the Mahtin and Might-Qu zones respectively), each averaging about 5 sq. kilometres in measurement. This historic work returned seize rock samples containing gold values starting from detection restrict as much as 9.2 g/t gold, however much less consideration was paid to the numerous potential for diminished intrusion-related gold mineralization inside the shares themselves. Evaluation of the historic information by the Sitka Gold technical crew has resulted within the identification of drill targets on the Mahtin and Might-Qu zones in addition to no less than 16 different extremely potential exploration targets to comply with up on (see Determine 1).
The 2024 exploration work on the jap Undertaking space consisted of the gathering of 845 soil samples from two separate grids (Might-Qu and Alp) and the gathering of 55 rock samples from the Might-Qu, Mahtin and Alp goal areas (see Figures 1 – 5).
General, particular person samples ranged from hint to 31.7 g/t Au with 7 of the 55 samples returning values over 1 g/t gold. A number of samples from the goal areas additionally had variably enriched silver (as much as 585 g/t Ag), copper (as much as 0.82% Cu), and/or base metallic values (>1% Pb and/or Zn).
Might-Qu
This summer time, geologic mapping and prospecting had been carried out on the MayQu goal space with a main function of evaluating the Bos Inventory for the potential to host RIRG model mineralization and assess areas of anomalous gold in soils on the western margin of the intrusion. A complete of 36 samples had been collected with outcomes starting from hint to 31.7 g/t gold (see Determine 2.); probably the most vital samples had been collected alongside a NE trending ridgeline on the SE margin of the Bos Inventory. Six samples over a 480 metre space alongside the ridgeline returned 0.372 – 31.7 g/t Au with three samples returning >1 g/t gold. The mineralization happens with steeply dipping E-W to NNE trending zones of sheeted quartz veins (see Determine 3) with disseminated pyrite – arsenopyrite – chalcopyrite mineralization inside a granodiorite intrusion, and is related to strongly elevated As, Bi, Cu, & Te. Extra zones of sheeted veining had been famous roughly 1500 metres north and inside / adjoining to the Bos Inventory and two samples returned anomalous values of 1.08 and 0.94 g/t gold.
Determine 2. A map exhibiting the situation of 2024 rock samples from the Might-Qu space together with samples as much as 31.7 g/t Au.
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Determine 3. Photos from the Might-Qu goal on the Bos Inventory exhibiting a) sheeted limonite+arsenopyrite fractures/veinlets (up slope from pattern ST215311: 31.7 g/t Au), b) sheeted quartz+arsenopyrite veins (pattern ST215312: 6.23 g/t Au), c) Sheeted quartz-arsenopyrite veins and limonite coated fractures (up slope from pattern ST215311: 31.7 g/t Au), d) sheeted quartz+arsenopyrite veins inside the quartz monzonite of the Bos Inventory (up slope from pattern ST215311: 31.7 g/t Au). This zone of sheeted quartz veins has now been prolonged to over 400 metres in width.
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Mahtin
Throughout 2024, mapping and prospecting had been carried out on the Mahtin goal space with a main function of evaluating the Sprague Inventory for the potential to host RIRG model mineralization and assess areas of anomalous gold in soils on un/beneath explored parts of the system. A complete of 12 samples had been collected and returned values from hint to 11.05 g/t gold (see Determine 4). Usually, alteration and mineralization consisted of small calc-silicate skarn occurrences on the margins of the intrusion and solely minor zones of sheeted quartz veining / fracturing had been famous inside the intrusion. Two samples returned anomalous values. One consisted of a subcrop of calc-silicate skarn with disseminated pyrite-chalcopyrite-arsenopyrite that returned 11.05 g/t gold, and the second was from a boulder with iron-oxide wealthy fractures and a 4 cm quartz vein in granodiorite that returned 0.38 g/t gold.
Determine 4. A map exhibiting the situation of the 2024 rock samples from the Mahtin space together with samples as much as 11.05 g/t Au.
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https://pictures.newsfilecorp.com/information/6144/232119_1386898e343e2b89_004full.jpg
Alp Goal
Geologic mapping and prospecting had been carried out within the Alp goal space throughout 2024 with a main function of assessing areas of anomalous gold in soils. A complete of seven rock samples had been collected and returned values from hint to 0.13 g/t Au.
A complete of 298 grid soil samples had been additionally collected within the space to infill a spot inside the historic grid (see Determine 5). Particular person soil samples returned from hint to 148.2 ppb Au with 12 samples returning >30 ppb Au. The gold in soils is coincident with strongly anomalous arsenic, bismuth, and tellurium, which is typical of intrusion-related gold methods, and varieties a NW trending zone over 850 m in size. Evaluation of this soil sampling, coupled with geological mapping and prospecting outcomes, counsel that the realm could also be host to an as but undiscovered, buried Tombstone Suite intrusion.
Determine 5. A map exhibiting the situation and outcomes of 2024 rock and soil samples from the Alp goal space. Evaluation of the soil sampling, coupled with geological mapping and prospecting outcomes, counsel that the realm could also be host to an as but undiscovered, buried Tombstone Suite intrusion.
To view an enhanced model of this graphic, please go to:
https://pictures.newsfilecorp.com/information/6144/232119_1386898e343e2b89_005full.jpg
High quality Assurance / High quality Management
Soil samples had been ready at Bureau Veritas preparation facility in Whitehorse utilizing the SS80 preparation technique. Ready samples had been shipped to the Bureau Veritas facility in Vancouver and analyzed by the AQ201+U technique.
Rock samples had been ready on the ALS International analytical facility in Whitehorse analyzed utilizing the PREP31 technique. Ready materials was shipped to the ALS facility in North Vancouver and analyzed by the ME-ICP41 and the Au-ICP22 strategies. Rock samples had been “Seize Samples” and thus don’t suggest any thickness or areal extent of mineralization.
Each Bureau Veritas and ALS International are ISO 17025:2005 licensed amenities that make use of rigorous inside QA-QC procedures.
In regards to the flagship RC Gold Undertaking
The RC Gold Undertaking consists of a 431 sq. kilometre contiguous district-scale land bundle positioned within the coronary heart of Yukon’s Tombstone Gold Belt. The undertaking is positioned roughly 100 kilometres east of Dawson Metropolis, which has a 5,000 foot paved runway, and is accessed through a secondary gravel street from the Klondike Freeway which is usable year-round and is an approximate 2 hour drive from Dawson Metropolis. It’s the largest consolidated land bundle strategically positioned mid-way between the Eagle Gold Mine and the previous producing Brewery Creek Gold Mine.
On January 19, 2023 Sitka Gold introduced an Preliminary Mineral Useful resource Estimate ready in accordance with Nationwide Instrument 43-101 (“NI 43-101”) pointers for the RC Gold Property of 1,340,000 ounces of gold(1). The street accessible, pit constrained Mineral Useful resource is classed as inferred and is contained in two zones: The Blackjack and Eiger deposits with 900,000 ounces of gold grading 0.83 g/t and 440,000 ounces of gold grading 0.68 g/t respectively. Each of those deposits are at/close to floor, are doubtlessly open pit minable and amenable to heap leaching, with preliminary bottle roll assessments indicating that the gold will not be refractory and has excessive gold recoveries of as much as 94% with minimal NaCN consumption (see Information Launch July 13, 2022). The Mineral Useful resource estimate is introduced within the following desk at a base case cut-off grade of 0.25 g/t Au:
RC Gold Inferred Mineral Useful resource Estimate
| COG g/t Au | Blackjack Zone | Eiger Zone | Mixed | ||||||||
| Tonnes 000’s | Au g/t | 0z Au 000’s | Tonnes 000’s | Au g/t | 0z Au 000’s | Tonnes 000’s | Au g/t | 0z Au 000’s | |||
| 0.20 | 35,798 | 0.80 | 921 | 32,523 | 0.45 | 471 | 68,321 | 0.63 | 1,391 | ||
| 0.25 | 33,743 | 0.83 | 900 | 27,362 | 0.50 | 440 | 61,105 | 0.68 | 1,340 | ||
| 0.30 | 31,282 | 0.88 | 885 | 22,253 | 0.55 | 393 | 53,535 | 0.74 | 1,279 | ||
| 0.35 | 29,065 | 0.92 | 860 | 17,817 | 0.60 | 344 | 46,882 | 0.80 | 1,203 | ||
| 0.40 | 26,975 | 0.96 | 833 | 14,506 | 0.66 | 308 | 41,481 | 0.86 | 1,140 |
Notes
1. Mineral useful resource estimate ready by Ronald G. Simpson of GeoSim Providers Inc. with an efficient date of January 19, 2023. Mineral Sources are categorized utilizing the 2014 CIM Definition Requirements.
2. The cut-off grade of 0.25 g/t Au is believed to offer an affordable margin over working and sustaining prices for open-pit mining and processing.
3. Mineral sources are constrained by an optimised pit shell utilizing the next assumptions: US$1800/oz Au worth; a forty five° pit slope; assumed metallurgical restoration of 85%; mining prices of US$2.00 per tonne; processing prices of US$8.00 per tonne; G&A of US$1.50/t.
4. Mineral sources aren’t mineral reserves and wouldn’t have demonstrated financial viability.
5. Totals could not sum resulting from rounding.
Up to now, 72 diamond drill holes have been drilled into this technique by the Firm for a complete of roughly 25,136 metres. The preliminary useful resource was primarily based on 11,630 m of drilling in 34 holes with 22 holes totaling 7,492 m within the Blackjack deposit. Drilling for the reason that preliminary useful resource launch has centered on increasing the Blackjack useful resource with a further 12-holes totaling 5,212 drilled in 2023 and 15-holes totaling 7162 m to this point in 2024. Different targets drilled to this point embrace the Saddle zone, Josephine zone and the Rhosgobel zone. The useful resource growth drilling in 2023 at Blackjack produced outcomes of as much as 219.0 m of 1.34 g/t gold together with 124.8 m of two.01 g/t gold and 55.0 m of three.11 g/t gold in drill gap DDRCCC-23-047 (see information launch dated September 26, 2023) and in 2024 outcomes of as much as 678.1 metres of 1.04 g/t gold ranging from floor in DDRCCC-24-068, together with 409.5 metres of 1.36 g/t gold, 93.0 metres of two.57 g/t gold and 5.5 metres of 17.59 g/t gold (see information launch dated October 21, 2024).
(1) Simpson, R. January 19, 2023. Clear Creek Property, RC Gold Undertaking, NI 43-101 Technical Report, Dawson Mining District, Yukon Territory
RC Gold Deposit Mannequin
Exploration on the Property has primarily centered on figuring out an intrusion-related gold system (“IRGS”). The property is inside the Tombstone Gold Belt which is the outstanding host to IRGS deposits inside the Tintina Gold Province in Yukon and Alaska. Notable deposits from the belt embrace: Fort Knox Mine in Alaska with present Confirmed and Possible Reserves of 230 million tonnes at 0.3 g/t Au (2.471 million ounces; Sims 2018)(1); Eagle Gold Mine with present Measured and Indicated Sources of 233 million tonnes at a grade of 0.57 g/t Au on the Eagle Major Zone (4.303 million ounces; Harvey et al, 2022)(2); the Brewery Creek deposit with present Indicated Mineral Useful resource of twenty-two.2 million tonnes at a gold grade of 1.11 g/t (0.789 million ounces; Hulse et al. 2020)(3); the Florin Gold deposit with a present Inferred Mineral Useful resource of 170.99 million tonnes grading 0.45 g/t (2.47 million ounces; Simpson 2021)(4); the AurMac Undertaking with an Inferred Mineral Useful resource of 347.49 million tonnes grading 0.63 gram per tonne gold (7.00 million ounces)(5) and the Valley Deposit, with a present Indicated Mineral Useful resource of 4.05 million oz gold at 1.66 g/t and a further Inferred Mineral Useful resource of three.26 million oz at 1.25 g/t gold(6).
(1) Sims J. Fort Knox Mine Fairbanks North Star Borough, Alaska, USA Nationwide Instrument 43-101 Technical Report. June 11, 2018. https://s2.q4cdn.com/496390694/information/doc_downloads…
(2) Harvey N., Grey P., Winterton J., Jutras M., Levy M.,Technical Report for the Eagle Gold Mine, Yukon Territory, Canada. Victoria Gold Corp. December 31, 2022. https://vgcx.com/web site/property/information/6534/vgcx_-_202…
(3) Hulse D, Emanuel C, Cook dinner C. NI 43-101 Technical Report on Mineral Sources. Gustavson Associates. Might 31, 2020.
https://minedocs.com/22/Brewery-Creek-PEA-01182022…
(4) Simpson R. Florin Gold Undertaking NI 43-101 Technical Report. Geosim Providers Inc. April 21, 2021.
https://sedar.com/GetFile.do?lang=EN&docClass=24&i… d=4984158
(5) Thornton T., Jutras M., Malhotra D. Technical Report Aurmac Property Mayo Mining District, Yukon Territory, Canada. JDS Vitality and Mining Inc. February 6, 2024. https://banyangold.com/web site/property/information/5251/bany…
(6) Burrell H., Redmond D.J., Haggarty P., Rogue Gold Undertaking: NI43-101 Technical Report and Mineral Useful resource Estimate, Yukon Territory, Canada. Snowline Gold Corp. Might 15, 2024. https://snowlinegold.com
Upcoming Occasions
Sitka Gold shall be attending and/or presenting on the following occasions*:
- American Exploration and Mining Affiliation Convention, Reno, NV: December 1 – 6, 2024
- Metallic Buyers Discussion board, Vancouver, BC: January 17 – 18, 2025
- VRIC, Vancouver, BC: January 19 – 20, 2025
- RoundUp, Vancouver, BC: January 20 – 23, 2025
- PDAC, Toronto, ON: March 2 – 5, 2025
- Swiss Mining Institute, Zurich, Switzerland: March 18 – 19, 2025
*All occasions are topic to alter.
About Sitka Gold Corp.
Sitka Gold Corp. is a well-funded mineral exploration firm headquartered in Canada with over $15 million in its treasury and no debt. The Firm is managed by a crew of skilled business professionals and is targeted on exploring for economically viable mineral deposits with its main emphasis on gold, silver and copper mineral properties of benefit. Sitka is at present advancing its 100% owned, 431 sq. kilometre flagship RC Gold Undertaking positioned inside the Tombstone Gold Belt within the Yukon Territory. The Firm can also be advancing the Alpha Gold Undertaking in Nevada and at present has drill permits for its Burro Creek Gold and Silver Undertaking in Arizona and the Coppermine River Undertaking in Nunavut.
In January 2023, the Firm introduced an NI 43-101 compliant preliminary inferred Mineral Useful resource Estimate of 1,340,000 ounces of gold(1) starting at floor and grading 0.68 g/t at its RC Gold Undertaking in Yukon (see information launch dated January 19, 2023).
(1) Simpson, R. January 19, 2023. Clear Creek Property, RC Gold Undertaking, NI 43-101 Technical Report, Dawson Mining District, Yukon Territory
*For extra detailed data on the Firm’s properties please go to our web site at www.sitkagoldcorp.com.
The scientific and technical content material of this information launch has been reviewed and accepted by Cor Coe, P.Geo., Director and CEO of the Firm, and a Certified Individual (QP) as outlined by Nationwide Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
“Donald Penner“
President and Director
For extra data contact:
Donald Penner
President & Director
778-212-1950
dpenner@sitkagoldcorp.com
or
Cor Coe
CEO & Director
604-817-4753
ccoe@sitkagoldcorp.com
Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.
Cautionary and Ahead-Wanting Statements
This launch consists of sure statements and knowledge that will represent forward-looking data inside the that means of relevant Canadian securities legal guidelines. Ahead-Wanting statements relate to future occasions or future efficiency and mirror the expectations or beliefs of administration of the Firm concerning future occasions. Typically, forward-looking statements and knowledge will be recognized by means of forward-looking terminology reminiscent of “intends” or “anticipates”, or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “could”, “may”, “ought to”, “would” or “happen”. This data and these statements, referred to herein as “ahead‐wanting statements”, aren’t historic info, are made as of the date of this information launch and embrace with out limitation, statements concerning discussions of future plans, estimates and forecasts and statements as to administration’s expectations and intentions and the Firm’s anticipated work packages.
These ahead‐wanting statements contain quite a few dangers and uncertainties and precise outcomes may differ materially from outcomes recommended in any forward-looking statements. These dangers and uncertainties embrace, amongst different issues, market uncertainty and the outcomes of the Firm’s anticipated work packages.
Though administration of the Firm has tried to determine vital elements that would trigger precise outcomes to vary materially from these contained in forward-looking statements or forward-looking data, there could also be different elements that trigger outcomes to not be as anticipated, estimated or meant. There will be no assurance that such statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking statements and forward-looking data. Readers are cautioned that reliance on such data might not be acceptable for different functions. The Firm doesn’t undertake to replace any forward-looking assertion, forward-looking data or monetary out-look which might be included by reference herein, besides in accordance with relevant securities legal guidelines. We search secure harbor.
