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VANCOUVER, BC, May 18, 2022 /PRNewswire/ – Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (FSE: 1RF) (OTCQB:SITKF) is pleased to announce assay results from diamond drill hole DDRCCC-22-024 (“Hole 24”), the third drill hole completed during the Company’s 2022 winter exploration program at its road accessible, district-scale RC Gold Project (“RC Gold ” or the “Project”) located within the Yukon’s prolific Tombstone Gold Belt (see Figure 1). Four diamond drill holes were completed during the 2022 winter drilling program (DDRCCC-22-022 to DDRCCC-22-025) for a total of 1,242.8 metres. Drilling is expected to resume at the RC Gold Project in the next couple of weeks utilizing two drill rigs that will be focused on the newly discovered Blackjack Zone.
Gold assay highlights from DDRCCC-22-024 include:
- 107.5 m of 1.44 g/t Au from 4.5 m to 112.0 m in hole DDRCCC-22-024 including:
- 66.0m of 2.11 g/t Au from 16.0 m including,
- 1.0 m of 3.76 g/t Au from 24.0 m,
- 1.0 m of 7.92 g/t Au from 66.0 m and,
- 2.0 m of 35.60 g/t Au from 80.0 m.
“Results from our winter drill program continue to deliver with the exceptional assays from Hole 24 adding to the mounting evidence that our newly discovered Blackjack zone could host a multi-million ounce, economically viable gold deposit,” stated Cor Coe, P.Geo. , CEO and Director of Sitka. “With over 100 metres of nearly 1.5 grams per tonne of gold drilled from surface, including 2 metres of over 1 ounce per tonne of goldHole 24 has confirmed that the gold-rich mineralization in this zone extends at least 100 metres west of our initial discovery hole (Hole 21) and remains open. Additionally, we have now confirmed that gold mineralization also extends 100 metres south (where Hole 22 was collared) and that it is continuous along vertical section (depth) from Hole 23 to Hole 22 (see news releases dated April 26 and May 17, 2022). This gold-rich zone remains open in all directions and we are eagerly awaiting the results from Hole 25 (DDRCCC-22-025) which was drilled approximately 80 metres to the east of Hole 21. Our plan is to continue step out drilling as we work towards further expanding this gold mineralization east and west along the strike while building tonnage for a maiden resource estimate.”
Hole 24 was collared from the same setups as Hole 21 & 23, but was drilled to the west on an azimuth of 277 degrees, with a dip of -48 to a depth of 204 metres. The hole collared and remained in multiphase intrusive rock associated with the most consistent mineralization encountered to date at the BlackJack zone, to a depth of 52.4 metres where it crossed the BlackJack Fault. Below the fault, a mixed sequence of well mineralized metasedimentary country rocks and multiphase intrusive sills was encountered to a depth of 114.6 metres before transitioning into weakly mineralized metasedimentary country rock. Visible gold was also observed throughout the drill hole (Figure 5).
The 2022 winter drilling program was focused in the area of the Blackjack Zone which was first intersected by DDRCCC-21-021 (Hole 21). The Blackjack Zone occurs within the Saddle West Zone where the Blackjack Fault obliquely intersects an east-west trending extensional corridor that is defined by abundant lamprophyre dykes and a large gold-in-soil anomaly of >100 ppb and >500 ppb that covers an area of 2 kilometres by 500 metres between the Saddle West, Blackjack, Saddle and Eiger Zones (Figure 2) . This extensional corridor controls the emplacement of the Saddle and Eiger intrusive stocks. The large gold-in-soil anomaly is still open in all directions and drilling to date within this corridor has demonstrated the potential for a continuous zone of gold mineralization. In addition to the classic intrusion hosted gold mineralization consisting of sheeted veins within intrusive host rocks intersected in Hole 21, similar to Victoria Gold’s Eagle Gold Mine(2) and Kinross’s Fort Knox Gold Mine(1)Hole 24 demonstrates significant gold mineralization in the surrounding metasedimentary rocks, including 2 metres of 35.6 g/t Au that was encountered, similar to Banyan Gold’s 3.99M oz Au AurMac Project(5). The winter drilling program continues to advance our understanding of the project and the company awaits the results of the last winter drill hole currently being processed at the lab with great anticipation as we prepare to complete a planned 10,000 metre drill program this summer.
|
Hole ID |
Azimuth (°) |
Dip (°) |
Length (m) |
From (m) |
To (m) |
Interval* (m) |
Au (g/t) |
|
DDRCCC-22-024 |
277 |
-47 |
204 |
4.5 |
112.00 |
107.5 |
1.44 |
|
including |
16.00 |
82.00 |
66.00 |
2.11 |
|||
|
including |
24.00 |
35.00 |
11.00 |
3.76 |
|||
|
including |
66.00 |
67.00 |
1.00 |
7.92 |
|||
|
including |
80.00 |
82.00 |
2.00 |
35.60 |
|
*Intervals are drilled core length, as insufficient drilling has been undertaken to determine true … |
Full story available on Benzinga.com
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