SIG:CC - Sitka Strengthens its Management Team in Preparation for a Busy 2023 Exploration Season
(TheNewswire)
VANCOUVER, CANADA – TheNewswire - February 23, 2023: Sitka Gold Corp.(“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) (OTC:SITKF) is pleased to announce that it has appointed Mr J. Greg Dawson,M.Sc., P.Geo as Vice President Exploration (Canada) and Mr. JodieGibson, P.Geo as Chief Geologist.
Mr. Dawson has over 30 years of experience in the mineral explorationIndustry. He holds a B.Sc. in geology from the University of BritishColumbia, a M.Sc. from Queens University and is a registeredProfessional Geoscientist with EGBC and is a recipient of the FrankWoodside award for distinguished service to the Association forMineral Exploration British Columbia. His work experience includesacting as Director of Exploration for GroundTruth Exploration, VicePresident Exploration for Colorado Resources, President and VicePresident, Exploration of Copper Ridge Exploration as well serving asDistrict Manager and General Manager with Teck Exploration Ltd. inCentral Asia and South America. He also spent several years earlier inhis career working for the Hunter Dickinson Group and its associatedcompanies. Mr Dawson has been a Director of Sitka Gold Corp. since2019.
Mr. Gibson is a professional geologist with over 15 years mineralexploration experience throughout the North American Cordillera fromAlaska to Mexico; including syngenetic and epigenetic precious andbase metal systems. He was the Project Manager of the UnderworldResources Inc. exploration team that discovered and defined the GoldenSaddle and Arc deposits. These assets were subsequently sold toKinross in 2010 for $139 million., Mr. Gibson also served as VicePresident Exploration for White Gold Corp where he oversaw over $30million in exploration activities with highlights including expansionof the Golden Saddle and Arc deposits and five new discoveries acrossthe White Gold district; including the high-grade Vertigo discovery onthe JP Ross property. In 2020, Mr. Gibson was recognized as the 2020Yukon Prospector of the Year.
Cor Coe, President and CEO, comments: “We are pleased to strengthenour technical management team with the appointments of Mr Dawson andMr Gibson. They are both seasoned success driven professionals withextensive experience in gold exploration in Yukon and will beinstrumental in helping the company build on the recently releasedmaiden resource on our RC Gold Project (see company press releasedated January 19, 2023).”
Grant of Stock Options
Sitka also announces that it has granted an aggregateof 900,000 incentive stock options to officers, directors andemployees of the Company.
The Options are exercisable at $0.11 per share for aperiod of three years from the date of grant and are subject to thepolicies of the Canadian Securities Exchange.
About Sitka Gold Corp.
Sitka Gold Corp. is a well-funded mineral exploration companyheadquartered in Canada. The Company is managed by a team ofexperienced industry professionals and 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 the Yukon and the Burro Creek Goldproperty in Arizona. Sitka owns a 100% interest in its Alpha Goldproperty in Nevada, its Mahtin Gold property in the Yukon and itsCoppermine River project in Nunavut.
Sitka has received all assay results from its 2022 diamond drillprogram at its RC Gold Project in the Yukon and announced a 43-101compliant Initial Mineral ResourceEstimate of 1,340,000 ounces of gold beginning at surface andgrading 0.68 g/t (see news release dated January 19, 2023). Resultsfrom 2022 drilling at the Company’s Alpha Gold Property in Nevadawhere a new Carlin-type gold system was recently discovered have allbeen received. The Company is focused on vectoring towards thehigh-grade core of this newly discovered system which is located inthe Cortez Trend just 40 km southwest of the Cortez Mine Complex ofBarrick/Newmont.
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
SITKA GOLD CORP.
“ DonaldPenner ”
President and Director
For more information contact:
Donald Penner
President & Director
778-212-1950
dpenner@sitkagoldcorp.com
or
Cor Coe
CEO & Director
604-817-4753
ccoe@sitkagoldcorp.com
Cautionary and Forward-LookingStatements
This news release containsforward - looking statements and forward looking information within themeaning of applicable securities laws. These statements relate tofuture events or future performance. All statements other thanstatements of historical fact may be forward - looking statements or information. Forward - looking statements and information are often, 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 unduereliance on the forward - looking statements,timelines and information contained in this news release. Readers arecautioned that the 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.
Neither the CSE nor its RegulationServices Provider (as that term is defined in the policies of the CSE)accepts responsibility for the adequacy or accuracy of this release.No stock exchange, securities commission or other regulatory authorityhas approved or disapproved the information contained herein.
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