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 Could-Qu goal, positioned within the south-east of the RC Gold Mission (“RC Gold” or the “Mission”) in Yukon. The Could-Qu is a decreased 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 decreased intrusion-related gold deposit goal positioned 17 kilometres north of Could-Qu (see Figures 1, 2 and 4). The Firm is presently 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 Decreased Intrusion-Associated Gold System (RIRGS) has been confirmed and prolonged on the Could-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, highway 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 huge.
- Gold mineralization was additionally confirmed on the Mahtin RIRGS goal, positioned 17 km north of Could-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 world could host an undiscovered, buried Tombstone Suite intrusion.
Determine 1. A map of the RC Property exhibiting the decreased intrusion-related gold programs at Could-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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https://photographs.newsfilecorp.com/recordsdata/6144/232119_1386898e343e2b89_001full.jpg
“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 decreased intrusion-related gold system at Could-Qu and newly outlined drill targets at each Could-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 Could-Qu returned sturdy gold values of as much as 31.7 g/t gold and prolonged this zone of sheeted quartz veins to over 400 metres huge, additional highlighting the dimensions and fertility of this district-scale land bundle. Whereas our focus has primarily been inside the Clear Creek Intrusive Advanced 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 thus far. We sit 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 have been collected as a part of focused prospecting, mapping, and soil sampling program accomplished in the course of 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 over the past 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 Mission centered on skarn-style mineralization on the periphery of two intrusions, the Sprague Creek and Bos shares (the Mahtin and Could-Qu zones respectively), each averaging about 5 sq. kilometres in dimension. 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 decreased 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 Could-Qu zones in addition to at the least 16 different extremely potential exploration targets to comply with up on (see Determine 1).
The 2024 exploration work on the jap Mission space consisted of the gathering of 845 soil samples from two separate grids (Could-Qu and Alp) and the gathering of 55 rock samples from the Could-Qu, Mahtin and Alp goal areas (see Figures 1 – 5).
Total, 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).
Could-Qu
This summer season, geologic mapping and prospecting have been performed on the MayQu goal space with a major objective of evaluating the Bos Inventory for the potential to host RIRG fashion mineralization and assess areas of anomalous gold in soils on the western margin of the intrusion. A complete of 36 samples have been collected with outcomes starting from hint to 31.7 g/t gold (see Determine 2.); essentially the most vital samples have 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. Further zones of sheeted veining have 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 Could-Qu space together with samples as much as 31.7 g/t Au.
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https://photographs.newsfilecorp.com/recordsdata/6144/232119_1386898e343e2b89_002full.jpg
Determine 3. Photos from the Could-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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https://photographs.newsfilecorp.com/recordsdata/6144/232119_1386898e343e2b89_003full.jpg
Mahtin
Throughout 2024, mapping and prospecting have been performed on the Mahtin goal space with a major objective of evaluating the Sprague Inventory for the potential to host RIRG fashion mineralization and assess areas of anomalous gold in soils on un/below explored parts of the system. A complete of 12 samples have 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 have 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://photographs.newsfilecorp.com/recordsdata/6144/232119_1386898e343e2b89_004full.jpg
Alp Goal
Geologic mapping and prospecting have been performed within the Alp goal space throughout 2024 with a major objective of assessing areas of anomalous gold in soils. A complete of seven rock samples have been collected and returned values from hint to 0.13 g/t Au.
A complete of 298 grid soil samples have 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 programs, and types a NW trending zone over 850 m in size. Evaluation of this soil sampling, coupled with geological mapping and prospecting outcomes, counsel that the world 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 world 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://photographs.newsfilecorp.com/recordsdata/6144/232119_1386898e343e2b89_005full.jpg
High quality Assurance / High quality Management
Soil samples have been ready at Bureau Veritas preparation facility in Whitehorse utilizing the SS80 preparation methodology. Ready samples have been shipped to the Bureau Veritas facility in Vancouver and analyzed by the AQ201+U methodology.
Rock samples have been ready on the ALS International analytical facility in Whitehorse analyzed utilizing the PREP31 methodology. Ready materials was shipped to the ALS facility in North Vancouver and analyzed by the ME-ICP41 and the Au-ICP22 strategies. Rock samples have 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 inner QA-QC procedures.
Concerning the flagship RC Gold Mission
The RC Gold Mission consists of a 431 sq. kilometre contiguous district-scale land bundle positioned within the coronary heart of Yukon’s Tombstone Gold Belt. The challenge is positioned roughly 100 kilometres east of Dawson Metropolis, which has a 5,000 foot paved runway, and is accessed through a secondary gravel highway 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 highway accessible, pit constrained Mineral Useful resource is assessed 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 probably 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 offered 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 Companies Inc. with an efficient date of January 19, 2023. Mineral Assets are categorised utilizing the 2014 CIM Definition Requirements.
2. The cut-off grade of 0.25 g/t Au is believed to offer an inexpensive margin over working and sustaining prices for open-pit mining and processing.
3. Mineral assets are constrained by an optimised pit shell utilizing the next assumptions: US$1800/oz Au value; 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 assets usually are not mineral reserves and shouldn’t have demonstrated financial viability.
5. Totals could not sum as a consequence of rounding.
Thus far, 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 based mostly 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 thus far in 2024. Different targets drilled thus far embrace the Saddle zone, Josephine zone and the Rhosgobel zone. The useful resource enlargement 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 Mission, 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 Assets of 233 million tonnes at a grade of 0.57 g/t Au on the Eagle Primary 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 Mission 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/recordsdata/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/belongings/recordsdata/6534/vgcx_-_202…
(3) Hulse D, Emanuel C, Prepare dinner C. NI 43-101 Technical Report on Mineral Assets. Gustavson Associates. Could 31, 2020.
https://minedocs.com/22/Brewery-Creek-PEA-01182022…
(4) Simpson R. Florin Gold Mission NI 43-101 Technical Report. Geosim Companies 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/belongings/recordsdata/5251/bany…
(6) Burrell H., Redmond D.J., Haggarty P., Rogue Gold Mission: NI43-101 Technical Report and Mineral Useful resource Estimate, Yukon Territory, Canada. Snowline Gold Corp. Could 15, 2024. https://snowlinegold.com
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 crew of skilled trade professionals and is targeted on exploring for economically viable mineral deposits with its major emphasis on gold, silver and copper mineral properties of advantage. Sitka is presently advancing its 100% owned, 431 sq. kilometre flagship RC Gold Mission positioned inside the Tombstone Gold Belt within the Yukon Territory. The Firm can be advancing the Alpha Gold Mission in Nevada and presently has drill permits for its Burro Creek Gold and Silver Mission in Arizona and the Coppermine River Mission 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 Mission in Yukon (see information launch dated January 19, 2023).
(1) Simpson, R. January 19, 2023. Clear Creek Property, RC Gold Mission, 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 accredited 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
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 Trade nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.
Cautionary and Ahead-Trying Statements
This launch contains sure statements and knowledge which will represent forward-looking data inside the which means of relevant Canadian securities legal guidelines. Ahead-Trying statements relate to future occasions or future efficiency and mirror the expectations or beliefs of administration of the Firm concerning future occasions. Usually, forward-looking statements and knowledge will be recognized by means of forward-looking terminology akin to “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‐trying statements”, usually are not historic details, 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 applications.
These ahead‐trying statements contain quite a few dangers and uncertainties and precise outcomes would possibly differ materially from outcomes prompt in any forward-looking statements. These dangers and uncertainties embrace, amongst different issues, market uncertainty and the outcomes of the Firm’s anticipated work applications.
Though administration of the Firm has tried to determine essential components that might trigger precise outcomes to vary materially from these contained in forward-looking statements or forward-looking data, there could also be different components 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 shouldn’t place undue reliance on forward-looking statements and forward-looking data. Readers are cautioned that reliance on such data might not be applicable for different functions. The Firm doesn’t undertake to replace any forward-looking assertion, forward-looking data or monetary out-look which can be integrated by reference herein, besides in accordance with relevant securities legal guidelines. We search secure harbor.
