VANCOUVER, CANADA – TheNewswire – March 21, 2022 – Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (CNSX:SIG.CN) (FSE:1RF) (OTC: SITKF) is pleased to provide an update on the progress of its previously announced 10,000 metre diamond drill program (see news release dated February 17th, 2022) at its district-scale, road accessible RC Gold Project (“RC Gold” or the “Project”).
The Company has completed three holes and is currently drilling its fourth hole of the program (DDRCCC-21-025). Over 1,100 metres of drilling have been completed to date. Drilling has focused on further defining the mineralized intrusive intersected at the Blackjack zone in drillhole DDRCCC-21-021 (Hole 21) which returned 1.17 g/t gold over 220.1 metres, including 50.5 metres of 2.08 g/t gold (see news release dated December 13th, 2021). Drill core from the winter portion of the drill program is being shipped to a facility in Whitehorse, Yukon, for detailed logging and processing with initial logging being completed at the Project site. Numerous occurrences of visible gold have been observed in the drill core (for example, see Figure 1), and all the drill holes have intersected significant sections of the main mineralized intrusive megacrystic granite unit as was seen in Hole 21. A second drill is anticipated to be mobilized to the Project site within the next few weeks.
“We are learning a tremendous amount about the Blackjack zone with this winter portion of our diamond drill program,” Stated Cor Coe, CEO of Sitka. “Our biggest recognition from this drilling is that our mineralized intrusive is a dike and sill complex as seen at deposits like Donlin Creek(5). This has the potential to dramatically increase the strike length, footprint, and size of this deposit, and should result in more ounces of gold being closer to surface which we expect will positively impact future economic considerations such as pit design. With the several instances of visible gold being observed during the logging of these recent drill holes, the potential of the Blackjack zone continues to grow and we look forward to seeing what the assay results will produce.”
Figure 1 – Visible Gold in DDRCCC-22-023
Table 1 – Drill hole information
Figure 2 – RC Project Drill Hole Locations at the Blackjack Zone
About the RC Gold Project
Source Here: benzinga.com