SITKF - Sitka Gold Commences Drilling at its Alpha Gold Project Nevada
(TheNewswire)
VANCOUVER, CANADA – TheNewswire – July 8, 2021: Sitka Gold Corp.(“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) (OTC:SITKF) (CNSX:SIG.CN) ispleased to announce that it has commenced drilling at its Alpha GoldProject (“Alpha Gold” or the “Project”), located at the southeast end of the Cortez Trend in Nevada, approximately40km southeast of the Barrick/Newmont Cortez gold mine complex.
Sitka has permitted six additional drill site locationsat Alpha Gold for this next phase of drilling where the focus will beon testing along the newly identified structural trend to thesoutheast of AG21-02 & 03 for additional gold mineralization thatwas first discovered in these drill holes (see news release dated June22, 2021). These two discovery holes intersectedlong intervals of anomalous gold coincident with very strongpathfinder elements known to be associated with Carlin-type golddeposits (see news releases dated May 6 & 21, 2021). These latestdrill results compiled with the results from recent surfacereconnaissance have outlined these new target areas as the mostprobable high-grade cores of this system. Sitka intends to drill aminimum of 1,500 metres in this follow up phase of drilling.
“This is a very exciting chapter for Alpha Gold. Ourdata driven, systematic approach to exploration at Alpha has advancedthe Project from what began as a conceptual model with no previousdrilling to the discovery of a Carlin-type gold system at a minabledepth within the Project area,” stated Cor Coe, P.Geo., Director andCEO of Sitka Gold. “Results from our last two drill holes indicatethat we are on the fringe of this system and we are now focused ondiscovering where the high-grade zones are. Alpha Gold continues toshow it has the potential to host one or more Carlin-type golddeposits and we are very much looking forward to this phase ofdrilling as we aim to make the next big gold discovery on the CortezTrend”.
About Alpha Gold
Sitka Gold has acquired a 100% interest in the Alpha Gold Project,located along the southeast projection of the prolific Cortez GoldTrend in Eureka County, approximately 135 kilometres southwest ofElko, Nevada. The Property is comprised of 2 claim blocks totalling114 lode claims covering an area of approximately 2280 acres (923hectares) and is accessible via a dirt road, approximately 2km west ofNevada State Highway 278.
The Property was initially staked after the location was recognized asthe intersection of the regional-scale Pine Valley anticline withnortheasterly fold trends exposed in the Roberts Mountains. Of primaryimportance at the Alpha Gold location is that the rocks have beendown-dropped significantly by late extensional faulting. Prior toextension, and during the critical 36-42 Ma Carlin-type mineralizationevent, the fold crest at Alpha Gold would have been a regionalhighpoint among nearby mountain ranges. Well exposed ‘lower platewindows’ near Alpha Gold have been extensively explored forCarlin-type gold deposits with a number of deposits found along thelimbs.
About Sitka Gold Corp.
Sitka Gold Corp. is a mineral exploration company headquartered inCanada that is fully funded for its planned 2021 exploration programswith the recent completion of a $6.37 million financing. The Companyis managed by a team of experienced industry professionals and isfocused on exploring for economically viable mineral deposits with itsprimary emphasis on gold, silver and copper mineral properties ofmerit. Sitka currently has an option to acquire a 100% interest in theRC, Barney Ridge, Clear Creek and OGI properties in Yukon and theBurro Creek Gold property in Arizona. Sitka owns a 100% interest inits Alpha Gold property in Nevada, it’s Mahtin Gold property in theYukon and it’s Coppermine River project 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 contact:
President & Director
604-979-0509
or
CEO & Director
604-979-0509
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