Announcement Date: 2021-11-16
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Sitka Gold Corp.
Project name: Alpha
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 15.24m @ 0.46g/t Au from 333.76m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, CANADA – November 16, 2021: Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) (OTCQB:SITKF) is pleased to announce assay results from the final 3 drill holes of the 2021 summer drill program at the Alpha Gold Project (“Alpha Gold” or the “Project”) located at the southeast end of the Cortez Trend in northern Nevada. Five drill holes were completed during this latest phase of drilling for a total of 1,553 metres (see Figure 1). Sitka is also pleased to announce that, subsequent to receiving and incorporating these latest results into its geological model, an additional 125 claims have been staked to cover high-priority target areas, with newly mapped, prospective alteration and structure on trend with the recent drilling. These new claims more than double the Project’s land holdings and join the northwest and southeast Alpha Gold claim blocks creating a contiguous property of 239 claims totaling approximately 1,934 hectares (4,780 acres; see Figure 2). AG21-07 was drilled at an azimuth of 070° and inclination of -70° from the same site as AG21-05. The hole tested the Horse Canyon Equivalent unit and Devil’s Gate formation contact zone in the footwall of the east-west crossstructure encountered in AG21-05 where gold values averaged 0.41 g/t over 12.19 m (see news release dated September 16, 2021). Assays from AG21-07 returned anomalous intervals averaging 0.19 g/t over 54.86 m from 111.25 m to 166.20 m, in the Horse Canyon Equivalent unit.
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