News & Media |
Sitka Gold Updates Progress at the Adobe Gold Property
VANCOUVER, CANADA – February 28th, 2018: Sitka Gold Corp. (CSE: SIG) (the “Company” or “Sitka”) is pleased to announce that the Company has posted a reclamation bond with the Bureau of Land Management (BLM) as part of the requirement for its approved drilling permit at the Adobe Gold Property (“Adobe Gold” or the “Property”) in Nevada. The bond amount is for $19,042 USD and is refundable once drilling has been completed and the necessary reclamation is done and approved. In addition, the Company is arranging for the mobilization of a geophysical survey crew to the Property in March in order to further refine the existing drill targets.
“We are pleased to be moving forward with our objective to drill our Carlin-Style gold targets at Adobe Gold in the coming weeks. Prior to drilling, the Company is planning to conduct an Induced Polarization (IP) geophysical survey to refine the existing drill target locations. The resistivity component of the IP survey should assist in identifying the stratigraphic horizon targeted, more specifically the contrast between the Devonian Guilmette Limestone formation and the overlying shales at the intersection of northwest and northeast fold and thrust belts, enabling better accuracy and orientation of the proposed drill holes. The IP survey is scheduled for completion in the next few weeks and the Company intends to begin drilling shortly after that”, comments Cor Coe, Director and CEO of Sitka. About Sitka Gold Corp Sitka Gold Corp. is a mineral exploration company headquartered in Canada and managed by a team of experienced mining industry professionals. The Company is focused on exploring for economically viable mineral deposits with its primary emphasis on gold and copper mineral properties of merit. Sitka currently has an option to acquire a 100% interest in the Adobe gold property in Nevada and owns a 100% interest in its Coppermine River project in Nunavut and the Alpha Gold Property in Nevada. ON BEHALF OF THE BOARD OF DIRECTORS OF SITKA GOLD CORP. “Donald Penner” President and Director For more information contact: Donald Penner President & Director dpenner@sitkagoldcorp.com or Corwin Coe CEO & Director ccoe@sitkagoldcorp.com The technical content of this news release has been reviewed and approved by Donald Penner, P.Geo, Director and President for the Company, and qualified person as defined by National Instrument 43-101. Neither the Canadian Securities Exchange nor it Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statements Regarding Forward Looking Information Certain statements included herein may constitute “forward-looking statements”. All statements included in this press release that address future events, conditions or results, including in connection with exploration activity, future acquisitions and any financing, are forward-looking statements. These forward-looking statements can be identified by the use of words such as “may”, “must”, “plan”, “believe”, “expect”, “estimate”, “think”, “continue”, “should”, “will”, “could”, “intend”, “anticipate” or “future” or the negative forms thereof or similar variations. These forward-looking statements are based on certain assumptions and analyses made by management in light of their experiences and their perception of historical trends, current conditions and expected future developments, as well as other factors they believe are appropriate in the circumstances. These statements are subject to risks, uncertainties and assumptions, including those mentioned in the Company’s continuous disclosure documents, which can be found under its profile on SEDAR (www.sedar.com). Many of such risks and uncertainties are outside the control of the Company and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In making such forward-looking statements, management has relied upon a number of material factors and assumptions, on the basis of currently available information, for which there is no insurance that such information will prove accurate. All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. View News Release in PDF Format |
SITKA GOLD CORP |