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
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. Forward‐looking statements and information are often, but not always, identified by the use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the expected timing and terms of the private placement, use of proceeds, anticipated work program, required approvals in connection with the work program and the ability to obtain such approvals. Accordingly, readers should not place undue reliance on the forward‐looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.
The forward‐looking statements and information contained in this news release are made as of the date of this news release and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the CSE. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
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SITKA GOLD CORP
1500-409 Granville Street,
Vancouver, B.C. , V6C 1T2
CSE: SIG FSE:1RF OTCQB: SITKF