News & Media
Sitka Gold PROVIDES YEAR END REVIEW AND EXPLORATION PLANS FOR 2022
VANCOUVER, CANADA – January 13, 2022: Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) (OTCQB:SITKF) is pleased to provide a summary of progress and accomplishments made over the past 12 months of activity and an overview of planned exploration programs for 2022 at its RC Gold and OGI Projects in Yukon, Alpha Gold Property in Nevada, Burro Creek Property in Arizona and Coppermine River Project in Nunavut.
It was a breakthrough year for Sitka with new discoveries at both the RC Gold Project in the Yukon and the Alpha Gold Project in Nevada. At RC Gold, the last drill hole of the year (DDRCCC21-021 or “Hole 21") intersected 21 sections of significant visible gold mineralization which, when final assays were received, defined a newly discovered high-grade gold zone averaging 1.17 g/t gold from surface to a depth of 220.1 m including a 50 m interval of 2.08 g/t gold (see news release dated December 13, 2021). The exceptional results from Hole 21 reflect what appears to be a structurally controlled, high-grade gold corridor that is trending through the large, intrusion related gold system that was discovered during Sitka’s inaugural drill program conducted at RC Gold in 2020.
At the Alpha Gold Project in Nevada, drill hole AG21-02 encountered significant gold values in a new discovery associated with very strong alteration and Carlin-Type pathfinder elements. The alteration footprint of this newly discovered Carlin-type gold system extends at surface across an area of approximately 5 km x 500 m in a southerly direction from AG21-02. Subsequent follow-up drilling progressively produced better gold results with hole AG21-05 averaging 0.4 g/t gold over 12.19 m (see news release dated Sept 16, 2021) and the last hole of the year, AG21-08, returning 15.24 m of 0.46 g/t gold, including 3.05 m of 1.10 g/t gold and 1.53 m of 1.24 g/t gold (see news release dated November 16, 2021). The Horse Canyon equivalent/Devil’s Gate target at Alpha Gold is relatively shallow, allowing for very cost efficient exploration as the Company continues to vector towards higher-grade gold zones in search for large Carlin-Type gold deposits.
The Following is a Recap and Highlights of 2021 Exploration:
Plans for Exploration in 2022
Cor Coe, CEO and Director, stated: “2021 was an incredible year for Sitka with our exploration efforts culminating in 2 new gold discoveries in Nevada and Yukon. As we head into 2022, the focus will be to rapidly define the extent of the intrusion-related gold system discovered at RC Gold and continue vectoring towards higher-grade zones in search of gold deposits within the newly discovered Carlin-type gold system at Alpha Gold. Having raised over $9 million last year, the company is fully funded to aggressively follow up on these discoveries while continuing exploration efforts on its other mineral assets. I would like to thank the entire team at Sitka and all the contractors and support workers who helped make 2021 such a successful year for our company. 2022 is shaping up to be a very exciting year for Sitka.”
About Sitka Gold Corp.
Sitka Gold Corp. is a well funded mineral exploration company headquartered in Canada. The Company is managed by a team of experienced industry professionals and is focused on exploring for economically viable mineral deposits with its primary emphasis on gold, silver, and copper mineral properties of merit. Sitka currently has an option to acquire a 100% interest in the RC, Barney Ridge, Clear Creek and OGI properties in Yukon and the Burro Creek Gold property in Arizona. Sitka owns a 100% interest in its Alpha Gold property in Nevada, it’s Mahtin Gold property in the Yukon and it’s Coppermine River project in Nunavut.
The scientific and technical content of this news release has been reviewed and approved by Cor Coe, P.Geo., Director and CEO of the Company, and a Qualified Person (QP) as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
President and Director
For more information contact:
President & Director
CEO & Director
Cautionary and Forward-Looking Statements
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