ALPHA GOLD PROPERTY
Sitka Gold has acquired a 100% interest in the Alpha Gold Property, located along the southeast projection of the prolific Cortez Gold Trend in Eureka County, approximately 135 kilometres southwest of Elko, Nevada. The Property is comprised of 239 contiguous claims covering an area of approximately 4,780 acres and is accessible via a dirt road, approximately 2km west of Nevada State Highway 278.
The Property was staked after the location was recognized as the intersection of the regional-scale Pine Valley anticline with northeasterly fold trends exposed in the Roberts Mountains. Of primary importance at the Alpha Gold location is that the rocks have been down-dropped significantly by late extensional faulting. Prior to extension, and during the critical 36 - 42 Ma Carlin-type mineralization event, the fold crest at Alpha Gold would have been a regional highpoint among nearby mountain ranges. This is an ideal scenario for producing and preserving a Carlin-type gold deposit, and is exactly what happened at the Pipeline (20 Moz), Cortez Hills (15 Moz), and Goldrush (15 Moz) gold deposits in the Cortez district. Well exposed ‘lower plate windows’ near Alpha Gold have been extensively explored for Carlin-type gold deposits with a number of smaller deposits found along the limbs.
Phase 1 drilling testing the NW target area was successful in intercepting the targeted Webb/Devil's Gate contact zone and encountered Carlin-type mineralization and alteration analogous to existing gold deposits along the Cortez Trend.
Key Points Regarding Recent Developments at Alpha Gold: