SITKF - Sitka Expands RC Gold Project in Yukon
(TheNewswire)
Vancouver , Canada - TheNewswire - December 1, 2020 - Sitka Gold Corp.("Sitka" or the "Company") (CSE:SIG)(C NSX :SIG. CN ) (FSE:1RF) is please to announce that it hasstaked an additional 130 quartz mining claims at its district-scale RCGold Project ("RC Gold" or the "Project") inYukon.
The additional claims were staked to cover a newlyidentified, highly prospective area along the western bounda ry of the Project's claimblock. The Company recently announced diamonddrilling results (see news release dated November 23, 2020) thatincluded drill hole #DDRCCC20-002, which was in close proximity to itswestern claim boundary, and returned 100.8 metres of 0.82 g/t gold and2.0 metres of 16.1 g/t gold (Figure 1). Thesenewly staked claims are contiguous to the existing claim block andexpand the Company's district scale RC Gold Project land position to atotal of approximately 376 square kilometres.
"Sitka's inaugural diamond drilling programcompleted at RC Gold this summer has discovered a large, robust,intrusion-related gold system that appears to have the scale and gradenecessary to host an economic gold deposit", stated Cor Coe,Director and CEO of Sitka, "Further compilation of the historicaland recently obtained geological data identified this newly acquiredground as a highly prospective target area that conforms to ourmodelling and greatly enhances our dominant land position within theTombstone Gold Belt (Figure 2)".
Figure 1 - Newly Staked Claims withSurface Mineralization and 2020 Drillholes
Figure 2 - RC Gold Project ClaimBlock
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 and it'sCoppermine River project in Nunavut. Directors and Management ownapproximately 15% of the outstanding shares of Sitka Gold Corp., asolid indication of their alignment with shareholders'interests.
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 contact:
President & Director
778-212-1950
dpenner@sitkagoldcorp.com
or
CEO & Director
604-817-4753
ccoe@sitkagoldcorp.com
Cautionary and Forward-LookingStatements
This news release containsforward - looking statements and forward - looking information within the meaning of applicable securitieslaws. These statements relate to future events or future performance.All statements other than statements of historical fact may beforward - looking statements or information.Forward - looking statements and information areoften, but not always, identified by the use of words such as"appear", "seek", "anticipate","plan", "continue", "estimate","approximate", "expect", "may","will", "project", "predict","potential", "targeting", "intend","could", "might", "should","believe", "would" and similar expressions.
Forward-looking statements andinformation are provided for the purpose of providing informationabout the current expectations and plans of management of the Companyrelating to the future. Readers are cautioned that reliance on suchstatements and information may not be appropriate for other purposes,such as making investment decisions. Since forward - looking statements and information address future events andconditions, by their very nature they involve inherent risks anduncertainties. Actual results could differ materially from thosecurrently anticipated due to a number of factors and risks. Theseinclude, but are not limited to, the expected timing and terms of theprivate placement, use of proceeds, anticipated work program, requiredapprovals in connection with the work program and the ability toobtain such approvals. Accordingly, readers should not place undue reliance on theforward - looking statements, timelines andinformation contained in this news release. Readers are cautioned thatthe foregoing list of factors is not exhaustive.
The forward - looking statements and information contained in this news releaseare made as of the date of this news release and no undertaking isgiven to update publicly or revise any forward - looking statements or information, whether as a result of newinformation, future events or otherwise, unless so required byapplicable securities laws or the CSE. The forward-looking statementsor information contained in this news release are expressly qualifiedby this cautionary statement.
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