SITKF - Drilling Begins at Sitka's Alpha Gold Property in Nevada
(TheNewswire)
VANCOUVER, CANADA – TheNewswire - February 16,2021 - Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (CNSX:SIG.CN) (FSE:1RF) (OTC:SITKF) is pleased to announce that drilling has commenced at itsAlpha Gold Property located at the southeast endof Nevada’s prolific Cortez Gold Trend (see news release datedFebruary 12, 2021).
Figure 1 - Drilling Underway at AlphaGold
“The drill is turning at Alpha Gold,” stated CorCoe, CEO of Sitka. “To stake this target at the end of last year andsubsequently obtain a drilling permit, procure a drill rig andcommence drilling within a handful of weeks is no small feat andspeaks volumes to the talents of Sitka’s technical and operationalteams. This newly identified target at Alpha has the potential to hosta Carlin-Type gold deposit at an attractive depth and we are very muchlooking forward to the results from this drill program.”
About AlphaGold
Sitka Gold has acquired a 100% interest in the AlphaGold Project, located along the southeast projection of the prolificCortez Gold Trend in Eureka County, approximately 135 kilometressouthwest of Elko, Nevada. The Property is comprised of 2 claim blockstotaling 77 lode claims covering an area ofapproximately 1540 acres (623 hectares) and is accessible via a dirtroad, approximately 2km west of Nevada State Highway 278.
The Property was initially staked after the locationwas recognized as the intersection of the regional-scale Pine Valleyanticline with northeasterly fold trends exposed in the RobertsMountains. Of primary importance at the Alpha Gold location is thatthe rocks have been down-dropped significantly by late extensionalfaulting. Prior to extension, and during the critical 36-42 MaCarlin-type mineralization event, the fold crest at Alpha Gold wouldhave been a regional highpoint among nearby mountain ranges. Wellexposed ‘lower plate windows’ near Alpha Gold have beenextensively explored for Carlin-type gold deposits with a number ofdeposits found along the limbs.
About Sitka Gold Corp.
Sitka Gold Corp. is a mineral exploration companyheadquartered in Canada and managed by a team of experienced miningindustry professionals. The Company is focused on exploring foreconomically viable mineral deposits with its primary emphasis ongold, silver and copper mineral properties of merit. Sitka currentlyhas an option to acquire a 100% interest in the RC, Barney Ridge,Clear Creek and OGI properties in Yukon and the Burro Creek Goldproperty in Arizona. Sitka owns a 100% interest in its Alpha Goldproperty in Nevada, it’s Mahtin Gold property in the Yukon andit’s Coppermine River project in Nunavut. Directors and Managementown approximately 15% of the outstanding shares of Sitka Gold Corp., asolid indication of their alignment with shareholders’interests.
The scientific and technical content of this news release has beenreviewed and approved by Cor Coe, P.Geo., Director and CEO of theCompany, and a Qualified Person (QP) as defined by National Instrument43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF
For more information, please contact:
CEO & Director
Tel: 604-979-0509
Cautionary and Forward-LookingStatements
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