Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) (“Sitka” or the “Firm”) is happy to announce that it has signed an settlement with Kluane Drilling Corp. to finish as much as 30,000 metres of diamond drilling in 2025 at its highway accessible RC Gold Challenge (“RC Gold” or the “Challenge”) situated within the prolific Tombstone Gold Belt within the Yukon. This would be the largest drilling marketing campaign ever carried out at RC Gold and is anticipated to focus totally on comply with up drilling on the Rhosgobel and Pukelman intrusion targets together with additional growth drilling on the Blackjack gold deposit and drill testing different high-priority targets recognized elsewhere on the district-scale, 431 sq. kilometre property.
Kluane Drilling Ltd., a nicely established, extremely skilled drilling firm based mostly in Whitehorse, Yukon with over 30 years of expertise diamond drilling within the Yukon and around the globe, has been contracted to finish as much as 30,000 metres of drilling on the Firm’s flagship RC Gold Challenge. Kluane Drilling is devoted to offering high quality drilling providers based mostly on technical innovation and human expertise and makes a speciality of attaining excessive drilling manufacturing in numerous drilling environments. Kluane Drilling has confirmed to be an distinctive contractor for the previous two years and Sitka seems ahead to persevering with to work with them because the Firm additional advances RC Gold in 2025.
“We’re more than happy to have secured the providers of Kluane Drilling Ltd. for what will likely be our largest ever diamond drilling program deliberate for our RC Gold Challenge in 2025,” mentioned Cor Coe, Director and CEO of Sitka. “Kluane offered Sitka with distinctive drilling providers all through our winter and summer time drilling packages at RC Gold in each 2023 and 2024 and we stay up for persevering with to develop the undertaking with them within the coming yr as we considerably enhance the dimensions and scope of drilling. The 2024 drilling marketing campaign at RC Gold returned wonderful assay outcomes from each the Blackjack gold deposit space and the primary ever diamond drill holes on the Rhosgobel intrusion, and has recognized seen gold in its first two diamond drill holes on the Pukelman intrusion the place assay outcomes are nonetheless pending (see information releases dated November 25 and October 31, 2024). We’re eagerly wanting ahead to following up on the success we had this previous yr and, with over $15 million in money and no debt, the Firm is totally funded to finish the deliberate work program at RC Gold in 2025. We additionally stay up for receiving the outcomes from the final six diamond drill holes of the 2024 season totalling 2,774 metres which can be nonetheless pending from RC Gold, with 2 holes from Pukelman and 4 holes from Blackjack.”
Inventory Possibility Grant
Sitka Gold Corp. additionally pronounces that it has granted an combination of 5,500,000 incentive inventory choices (the “Choices”) to officers, administrators and consultants of the Firm. The Choices are exercisable at $0.37 per share for a interval of three years from the date of grant and are topic to the insurance policies of the TSX Enterprise Alternate.
Upcoming Occasions
Sitka Gold will likely be attending and/or presenting on the following occasions*:
- American Exploration and Mining Affiliation Convention, Reno, NV: December 1 – 6, 2024
- Metallic Traders 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 group of skilled business professionals and is targeted on exploring for economically viable mineral deposits with its major emphasis on gold, silver and copper mineral properties of benefit. Sitka is at present advancing its 100% owned, 431 sq. kilometre flagship RC Gold Challenge situated throughout the Tombstone Gold Belt within the Yukon Territory. The Firm can also be advancing the Alpha Gold Challenge in Nevada and at present has drill permits for its Burro Creek Gold and Silver Challenge in Arizona and the Coppermine River Challenge 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 Challenge in Yukon (see information launch dated January 19, 2023).
(1) Simpson, R. January 19, 2023. Clear Creek Property, RC Gold Challenge, NI 43-101 Technical Report, Dawson Mining District, Yukon Territory
*For extra detailed info 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 authorized by Cor Coe, P.Geo., Director and CEO of the Firm, and a Certified Particular person (QP) as outlined by Nationwide Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
“Donald Penner“
President and Director
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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 contains sure statements and data that will represent forward-looking info throughout the that means of relevant Canadian securities legal guidelines. Ahead-looking statements relate to future occasions or future efficiency and mirror the expectations or beliefs of administration of the Firm relating to future occasions. Usually, forward-looking statements and data may be recognized by way 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 info and these statements, referred to herein as “ahead‐wanting statements”, should not historic information, are made as of the date of this information launch and embrace with out limitation, statements relating to 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 would possibly 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 essential elements that might trigger precise outcomes to vary materially from these contained in forward-looking statements or forward-looking info, there could also be different elements that trigger outcomes to not be as anticipated, estimated or supposed. There may 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 shouldn’t place undue reliance on forward-looking statements and forward-looking info. Readers are cautioned that reliance on such info might not be acceptable for different functions. The Firm doesn’t undertake to replace any forward-looking assertion, forward-looking info or monetary out-look which can be integrated by reference herein, besides in accordance with relevant securities legal guidelines. We search secure harbor.
