SITKF - Sitka Confirms Presence of Strong Carlin-Type Pathfinder Elements at the Alpha Gold Project Nevada
(TheNewswire)
VANCOUVER, CANADA - TheNewswire - May 25, 2021 - Sitka Gold Corp.(“Sitka” or the “Company”) (C NSX :SIG. CN ) (FSE:1RF) (OTC:SITKF) is pleased to announce that it has received multi-elementanalytical results fromrecent drilling at its Alpha Gold Project (“Alpha Gold” or the“Project”), located along the southeast projection of the prolificCortez Gold Trend in Eureka County, approximately 135 kilometressouthwest of Elko, Nevada. The Companypreviously reported the gold fire assays on these drill holes thatoutlined significant broad anomalous gold intercepts (see Table1).
The Company has now received results from theanalytical lab on its 63 element Inductively Coupled Plasma MassSpectrometry (ICP-MS) analysis of the drill hole samples from AG21-02and AG21-03, which were collared 750 meters apart. These ICP resultsindicate that the broad anomalous gold zones previously reported inthese drill holes are coincident with strong Carlin-type gold depositpathfinder elements including arsenic, antimony, mercury, andthallium. Peak values include 1590 ppm arsenic, 239 ppm antimony,mercury exceeding the 10 ppm upper detection limit, and 72 ppmthallium (see Figures 1 through 4). Detailed study of the High GradeBullion ore zone at Turquoise Ridge (Cassinerio and Muntean, 2011),Nevada concluded that values above 100 ppm arsenic, 5 ppm antimony, 1ppm mercury, and 5 ppm thallium coincided with visible alteration andthe first three formed haloes beyond that ore zone. Values at AlphaGold above these levels are shown in orange, red and magenta inFigures 1-4.
Confirmation of strong pathfinder anomalies associatedwith broad gold zones and intense alteration in these latest drillholes clearly indicates a Carlin-type gold system within the AlphaGold property. Surface mapping and structural interpretation suggestabout 5 km of strike length along two north-northwest structuraltargets (Figure 5). Continued prospecting along these targets hasidentified additional strong surface alteration supporting them and aninitial suite of surface rock chip samples has been collected. Surfacealteration strengthens to the south-southeast on both targets. Thecompany is awaiting permits to conduct further drilling along thesetargets now interpreted as the most probable locations for thehigh-grade core zones of this Carlin-type gold system.
“The ICP results from AG21-02 and AG21-03 have confirmed that wehave a Carlin-type gold system at Alpha Gold”, stated Cor Coe,P.Geo., Director and CEO of Sitka Gold. “The combination of broadanomalous gold intercepts, alteration and strong, coincident Carlinpathfinder element anomalies underscores this conclusion. We lookforward to starting the next phase of drilling and vectoring towardthe most probable high-grade core zones of this Carlin-type goldsystem as soon as we receive additional drill permits.”
Table 1 - Alpha Gold Project GoldAssay Results for AG21-02 & AG21-03
| Drill Hole ID |
| From (m) |
| To (m) |
| Interval* (m) |
| Gold (g/t) |
| AG21-02 |
| 89.9 |
| 182.9 |
| 93.0 |
| 0.105 |
| including |
| 89.9 |
| 102.1 |
| 12.2 |
| 0.162 |
| including |
| 143.3 |
| 170.7 |
| 27.4 |
| 0.164 |
| AG21-03 |
| 64.0 |
| 121.9 |
| 57.9 |
| 0.100 |
| including |
| 64.0 |
| 88.4 |
| 24.4 |
| 0.147 |
| and |
| 190.5 |
| 195.1 |
| 4.6 |
| 0.197 |
*Intervals are drilled interval length, as insufficientdrilling has been undertaken to determine true widths at thistime.
Figure 1 - Arsenic Values of AG21-02& AG21-03
Figure 2 - Mercury Values of AG21-02& AG21-03
Figure 3 - Thallium Values forAG21-02 & AG21-03
Figure 4 - Antimony Values forAG21-02 & AG21-03
Figure 5 - Plan Map of TargetZones
QualityAssurance/Quality Control
Analytical work for this drill program was carried outby Activation Laboratories Ltd. (Actlabs) in Kamloops, BritishColumbia. The sample preparation and gold fire assays took place inKamloops, BC and the ICP-MS analyses were completed in Ancaster,Ontario. All samples were fire assayed for Gold with AA finish andover-limits re-analysed gravimetrically where applicable.Additionally, all samples were analysed by ICP-MS for 63 trace elementgeochemistry.
The Company has a rigorous QAQC program in place inaddition to QAQC procedures at the lab. Each batch of 20 samplescontains one certified Standard Reference Material, one certifiedBlank and one duplicate. All results have passed the QAQC screeningat the lab.
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 blockstotalling 114 lode claims covering an area of approximately 2280 acres(923 hectares) and is accessible via a dirt road, approximately 2kmwest 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 that is fully funded for its planned 2021exploration programs with the recent completion of a $6.37 millionfinancing. The Company is managed by a team of experienced industryprofessionals and is focused on exploring for economically viablemineral deposits with its primary emphasis on gold, silver and coppermineral properties of merit. Sitka currently has an option to acquirea 100% interest in the RC, Barney Ridge, Clear Creek and OGIproperties in Yukon and the Burro Creek Gold property in Arizona.Sitka owns a 100% interest in its Alpha Gold property in Nevada,it’s Mahtin Gold property in the Yukon and it’s Coppermine Riverproject in Nunavut.
The scientific and technical content of this newsrelease has been reviewed and approved by Cor Coe, P.Geo., Directorand CEO of the Company, and a Qualified Person (QP) as defined byNational Instrument 43-101.
ON BEHALF OF THE BOARDOF DIRECTORS OF
For more information, please contact:
CEO & Director
604-979-0509
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