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Drilling Commences at Leonora South

May 12, 2025
in Investing
0
Home Investing


Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) (“Sitka” or the “Firm”) is happy to announce just lately obtained assay outcomes from its ongoing 2025 diamond drilling marketing campaign at its highway accessible RC Gold Challenge (“RC Gold” or the “Challenge”) situated roughly 100 km east of Dawson Metropolis in Yukon’s prolific Tombstone Gold Belt. Outcomes from DDRCCC-25-076 (“Gap 76”) returned 94.0 m of 1.15 g/t gold together with 12.2 m of 4.55 g/t gold, and a separate interval of 25.0 m of 5.04 g/t gold, together with 1.8 metres of 54.70 g/t gold inside 86.4 m of 1.65 g/t gold (see Desk 1). Drilling is presently underway on the Blackjack zone and as much as 3 further drill rigs are anticipated to start turning within the coming weeks as a part of a totally funded 30,000 metre diamond drilling program deliberate for 2025.

DDRCC-25-076 (“Gap 76”) confirms and extends high-grade gold mineralization at Blackjack with 25.0 m of 5.04 g/t gold, inside 86.4 m of 1.65 g/t gold, and a separate interval of 12.2 m of 4.55 g/t gold inside 94.0 m of 1.15 g/t goldHole 76 was the deepest gap ever drilled at RC Gold with a drilled size of 810.8 m and powerful gold mineralization encountered on the backside of the opening suggests this high-grade gold zone continues deeper on the Blackjack zoneHole 76 is the second gap of a totally funded 30,000 m drilling program deliberate at RC Gold for 2025Drilling has resumed for the summer time program with the primary of 4 deliberate drills presently turning on the Blackjack deposit.

Desk 1: Highlights from most up-to-date assay outcomes

To view an enhanced model of this graphic, please go to:https://pictures.newsfilecorp.com/recordsdata/6144/251268_0b80b0101460ab6b_002full.jpg

“The outcomes from Gap 76 are very encouraging, confirming that the higher-grade gold mineralization intersected at depth in Holes 68 and 75 extends each laterally and to depth and will signify a big, steady zone of great tonnage,” stated Cor Coe, Director and CEO of Sitka Gold. “Whereas Gap 76 was the deepest drill gap accomplished thus far at RC Gold, with a size of 810.8 metres, assays from the underside of the opening returned sturdy gold values inside mineralized metasediments, indicating that gold mineralization seemingly extends even deeper. We are actually extending Gap 76 additional into the depths of this gold system to proceed monitoring this promising high-grade gold zone as we push in the direction of what might be the supply of the Blackjack gold deposit. With a totally funded 30,000 metre diamond drill program presently underway, which is able to greater than double the entire quantity of our drilling accomplished at RC Gold thus far, we’re excited to check the depth potential of this spectacular gold system and to start exploring a number of different high-priority targets throughout the Clear Creek Intrusive Advanced (see Determine 3).”

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6144/251268_0b80b0101460ab6b_003.jpg

Determine 1: Cross Part of DDRCCC-25-075 and DDRCCC-25-076, which is the deepest gap drilled thus far on the Blackjack zone. Gap 76 was drilled to a size of 810.8 m, roughly 100 metres deeper than any earlier drilling and demonstrates that gold mineralization continues to persist laterally and at depth. Robust gold grades encountered on the backside of the opening recommend this gold zone continues even deeper into the system.

To view an enhanced model of this graphic, please go to:https://pictures.newsfilecorp.com/recordsdata/6144/251268_0b80b0101460ab6b_003full.jpg

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Determine 2: Plan map of drilling on the Blackjack Deposit exhibiting the placement of holes DDRCCC-24-068, DDRCCC-25-075 and DDRCCC-25-076 (this launch).

To view an enhanced model of this graphic, please go to:https://pictures.newsfilecorp.com/recordsdata/6144/251268_0b80b0101460ab6b_004full.jpg

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Determine 3: The Clear Creek Intrusive Advanced within the western portion of the RC Gold Challenge is a cluster of intrusions all with recognized gold mineralization and quite a few present drill goal areas highlighted by the magenta hatched areas.

To view an enhanced model of this graphic, please go to:https://pictures.newsfilecorp.com/recordsdata/6144/251268_0b80b0101460ab6b_005full.jpg

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Determine 4: Longitudinal part of accomplished drill holes on the Blackjack Zone. Increased-grade mineralization is outlined in a southeast plunging mineralized hall with gold grades rising at depth, as noticed with the rising prevalence of higher-grade gold ends in just lately accomplished drill core (purple color), and means that drilling is vectoring in the direction of the supply of this gold system. The pit-constrained mineral useful resource shell from the 2023 MRE is proven in orange with the added assets from the up to date MRE revealed earlier this 12 months proven in yellow (see information launch dated February 26, 2025).

To view an enhanced model of this graphic, please go to:https://pictures.newsfilecorp.com/recordsdata/6144/251268_sitkafig4.2.jpg

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Determine 5: Examples of drill core from the interval starting at 492.0 m throughout the bigger interval that stories 94.0 m of 1.15 g/t gold. Mineralization consists of considerable slender sheeted veins slicing a feldspar megacrystic quartz monzonite intrusion.

To view an enhanced model of this graphic, please go to:https://pictures.newsfilecorp.com/recordsdata/6144/251268_0b80b0101460ab6b_007full.jpg

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Determine 6: Examples of situations of seen gold noticed all through gap DDRCCC-25-076. Seen gold is present in sheeted quartz veins and is commonly related to bismuthinite, scheelite, and arsenopyrite. Extra pictures of seen gold noticed in Gap 76 could be considered HERE.

To view an enhanced model of this graphic, please go to:https://pictures.newsfilecorp.com/recordsdata/6144/251268_sitkafig6.jpg

Desk 2 – Abstract of great drill gap assays from this launch

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DDRCCC-25-076

Drill gap DDRCCC-25-076 was drilled to a size of 810.8 m at an azimuth of -37o and a dip of -75o to step out from the excessive grade mineralization intersected in gap DDRCCC-25-075 which intersected 352.8 m of 1.55 g/t gold from 341.5 m together with 108.9 m of three.27 g/t gold and 45.0 m of 4.52 g/t gold. Gap 076 intersected a number of narrower zones of well-mineralized quartz monzonite slicing broad zones of altered metasediments together with a number of broad structural zone throughout the metasediments containing considerable cm-scale sheeted quartz veins with a number of occurrences (over 60) of seen gold. Gap 076 led to 4.8 m of 0.86 g/t gold in sheeted veins slicing metasediments.

High quality Assurance/High quality Management

On receipt from the drill web site, the HTW/NTW-sized drill core was systematically logged for geological attributes, photographed and sampled at Sitka’s core logging facility. Pattern lengths as small as 0.3 m had been used to isolate options of curiosity, in any other case a default 2 m downhole pattern size was used. Every pattern is recognized by a singular pattern tag quantity which is positioned within the bag containing the core to be assayed. Core was reduce in half lengthwise alongside a predetermined line, with one-half (similar half, persistently) collected for evaluation and one-half saved as a report. Normal reference supplies, blanks and duplicate samples had been inserted by Sitka personnel at common intervals into the pattern stream. Bagged samples had been positioned in safe bins to make sure integrity throughout transport. They had been delivered by Sitka personnel or a contract expeditor to ALS Laboratories’ preparatory facility in Whitehorse, Yukon, with analyses accomplished in North Vancouver.

ALS is accredited to ISO 17025:2005 UKAS ref. 4028 for its laboratory evaluation. Samples had been crushed by ALS to over 70 per cent passing under two millimetres and cut up utilizing a riffle splitter. One-thousand-gram splits had been pulverized to over 85 per cent passing under 75 microns. Gold determinations are by fireplace assay with an inductively coupled plasma mass spectroscopy (ICP-AES) end on 50 g subsamples of the ready pulp (ALS code: Au-ICP-22). Any pattern returning over 10 g/t gold was re-analyzed by fireplace assay with a gravimetric end on a 50 g subsample (ALS code: Au-GRA21). As well as, a 51-element evaluation was carried out on a 0.5 g subsample of the ready pulps by an aqua regia digestion adopted by an inductively coupled plasma mass spectroscopy (ICP-MS) end (ALS code: ME-MS41).

In regards to the Flagship RC Gold Challenge

The RC Gold Challenge consists of a 431 sq. kilometre contiguous district-scale land package deal situated within the coronary heart of Yukon’s Tombstone Gold Belt. The challenge is situated roughly 100 kilometres east of Dawson Metropolis, which has a 5,000 foot paved runway, and is accessed by way of a secondary gravel highway from the Klondike Freeway which is usable year-round and is an approximate 2 hour drive from Dawson Metropolis. It’s the largest consolidated land package deal strategically positioned mid-way between the Eagle Gold Mine and the previous producing Brewery Creek Gold Mine.

The RC Gold Challenge now has pit-constrained mineral assets which might be contained in two zones: the Blackjack and Eiger gold deposits with 1,291,000 ounces of gold grading 1.01 g/t gold in an indicated class and 1,044,000 ounces of gold grading 0.94 g/t gold in an inferred class at Blackjack and 440,000 ounces of gold grading 0.50 g/t gold in an inferred class at Eiger. These useful resource estimate numbers are supported by the just lately up to date technical report for RC Gold, ready in accordance with NI 43-101 requirements, entitled “Clear Creek Property, RC Gold Challenge NI 43-101 Technical Report Dawson Mining District, Yukon Territory”, ready by Ronald G. Simpson, P. Geo., of GeoSim Providers Inc. with an efficient date of January 21, 2025. This report is accessible on SEDAR+ ( and on the Firm’s web site (www.sitkagoldcorp.com).

Each of those deposits start at floor, are doubtlessly open pit minable and amenable to heap leaching, with preliminary bottle roll assessments indicating that the gold will not be refractory and has excessive gold recoveries of as much as 94% with minimal NaCN consumption (see Information Launch July 13, 2022).

As of the top of 2024, the Firm has drilled 72 diamond drill holes into this technique for a complete of roughly 25,136 metres. Different targets drilled thus far embrace the Saddle, Josephine, Rhosgobel and Pukelman zones. The useful resource enlargement drilling in 2023 at Blackjack produced outcomes of as much as 219.0 m of 1.34 g/t gold together with 124.8 m of two.01 g/t gold and 55.0 m of three.11 g/t gold in drill gap DDRCCC-23-047 (see information launch dated September 26, 2023) and in 2024 outcomes of as much as 678.1 metres of 1.04 g/t gold ranging from floor in DDRCCC-24-068, together with 409.5 metres of 1.36 g/t gold, 93.0 metres of two.57 g/t gold and 5.5 metres of 17.59 g/t gold (see information launch dated October 21, 2024). Drilling in 2025 contains gap DDRCCC-25-075 which intersected 352.8 metres of 1.55 g/t gold together with 108.9 metres of three.27 g/t gold. (see information launch dated October 21, 2024).

A deliberate 30,000 metre diamond drilling program for 2025 is presently underway at RC Gold.

RC Gold Deposit Mannequin

Exploration on the Property has primarily centered on figuring out an intrusion-related gold system (“IRGS”). The Property is throughout the Tombstone Gold Belt which is the outstanding host to IRGS deposits throughout the Tintina Gold Province in Yukon and Alaska. Notable deposits from the belt embrace: Fort Knox Mine in Alaska with present Confirmed and Possible Reserves of 230 million tonnes at 0.3 g/t gold (2.471 million ounces; Sims 2018)(1); Eagle Gold Mine with present Measured and Indicated Assets of 233 million tonnes at a grade of 0.57 g/t gold on the Eagle Essential Zone (4.303 million ounces; Harvey et al, 2022)(2); the Brewery Creek deposit with present Indicated Mineral Useful resource of twenty-two.2 million tonnes at a gold grade of 1.11 g/t (0.789 million ounces; Hulse et al. 2020)(3); the Florin Gold deposit with a present Inferred Mineral Useful resource of 170.99 million tonnes grading 0.45 g/t gold (2.47 million ounces; Simpson 2021)(4); the AurMac Challenge with an Inferred Mineral Useful resource of 347.49 million tonnes grading 0.63 gram per tonne gold (7.00 million ounces)(5) and the Valley Deposit, with a present Indicated Mineral Useful resource of 4.05 million oz gold at 1.66 g/t gold and a further Inferred Mineral Useful resource of three.26 million oz at 1.25 g/t gold(6). The technical and scientific data disclosed from neighboring properties doesn’t essentially apply to the present challenge or property being disclosed.

(1) Sims J. Fort Knox Mine Fairbanks North Star Borough, Alaska, USA Nationwide Instrument 43-101 Technical Report. June 11, 2018. https://s2.q4cdn.com/496390694/recordsdata/doc_downloads…

(2) Harvey N., Grey P., Winterton J., Jutras M., Levy M.,Technical Report for the Eagle Gold Mine, Yukon Territory, Canada. Victoria Gold Corp. December 31, 2022. https://vgcx.com/web site/belongings/recordsdata/6534/vgcx_-_202…

(3) Hulse D, Emanuel C, Cook dinner C. NI 43-101 Technical Report on Mineral Assets. Gustavson Associates. Could 31, 2020. https://minedocs.com/22/Brewery-Creek-PEA-01182022…

(4) Simpson R. Florin Gold Challenge NI 43-101 Technical Report. Geosim Providers Inc. April 21, 2021. d=4984158

(5) Thornton T., Jutras M., Malhotra D. Technical Report Aurmac Property Mayo Mining District, Yukon Territory, Canada. JDS Vitality and Mining Inc. February 6, 2024. https://banyangold.com/web site/belongings/recordsdata/5251/bany…

(6) Burrell H., Redmond D.J., Haggarty P., Rogue Gold Challenge: NI 43-101 Technical Report and Mineral Useful resource Estimate, Yukon Territory, Canada. Snowline Gold Corp. Could 15, 2024. https://snowlinegold.com

Upcoming Occasions

Sitka Gold can be attending and/or presenting on the following occasions*:

121 Mining Funding – London, England: Could 12 – 13, 2025Canaccord World Metals and Mining Convention – Henderson, NV: Could 20 – 22, 2025Yukon Mining Alliance – Dawson Metropolis, Yukon: July 9 – 14, 2025Takestock Stampede – Calgary, AB: July 2, 2025Precious Metals Summit, Beaver Creek, Colorado: September 9 – 12, 2025

*All occasions are topic to vary.

About Sitka Gold Corp.

Sitka Gold Corp. is a well-funded mineral exploration firm headquartered in Canada with over $25 million in its treasury and no debt. The Firm is managed by a workforce of skilled trade professionals and is targeted on exploring for economically viable mineral deposits with its major emphasis on gold, silver and copper mineral properties of advantage. Sitka is presently advancing its 100% owned, 431 sq. kilometre flagship RC Gold Challenge situated throughout the Tombstone Gold Belt within the Yukon Territory. The Firm can be advancing the Alpha Gold Challenge in Nevada and presently has drill permits for its Burro Creek Gold and Silver Challenge in Arizona and the Coppermine River Challenge in Nunavut.

*For extra detailed data on the Firm’s properties please go to our web site at www.sitkagoldcorp.com.

The scientific and technical content material of this information launch has been reviewed and accredited by Gilles Dessureau, P.Geo., Vice President of Exploration of the Firm, and a Certified Individual (QP) as outlined by Nationwide Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS OF

SITKA GOLD CORP.

“Donald Penner”

President and Director

For extra data contact:

Donald Penner President & Director778-212-1950dpenner@sitkagoldcorp.com

or

Cor CoeCEO & Director604-817-4753ccoe@sitkagoldcorp.com

Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.

Cautionary and Ahead-Trying Statements

This launch contains sure statements and data that will represent forward-looking data throughout the which means of relevant Canadian securities legal guidelines. Ahead-Trying statements relate to future occasions or future efficiency and mirror the expectations or beliefs of administration of the Firm relating to future occasions. Typically, forward-looking statements and data could be recognized by means of forward-looking terminology similar to “intends” or “anticipates”, or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “could”, “might”, “ought to”, “would” or “happen”. This data and these statements, referred to herein as “ahead‐trying statements”, will not be historic information, are made as of the date of this information launch and embrace with out limitation, statements relating to discussions of future plans, estimates and forecasts and statements as to administration’s expectations and intentions and the Firm’s anticipated work applications.

These ahead‐trying statements contain quite a few dangers and uncertainties and precise outcomes may differ materially from outcomes instructed in any forward-looking statements. These dangers and uncertainties embrace, amongst different issues, market uncertainty and the outcomes of the Firm’s anticipated work applications.

Though administration of the Firm has tried to determine necessary components that would trigger precise outcomes to vary materially from these contained in forward-looking statements or forward-looking data, there could also be different components that trigger outcomes to not be as anticipated, estimated or meant. There could be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking statements and forward-looking data. Readers are cautioned that reliance on such data might not be acceptable for different functions. The Firm doesn’t undertake to replace any forward-looking assertion, forward-looking data or monetary out-look which might be integrated by reference herein, besides in accordance with relevant securities legal guidelines. We search protected harbor.

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