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Sitka Gold, SIG, SITKF, Company Profile, Stock Summary

Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada. The Company is managed by a team of experienced industry professionals and is focused on exploring for economically viable mineral deposits with its primary emphasis on gold, silver and copper mineral properties of merit. Sitka currently has an option to acquire a 100% interest in the RC, Barney Ridge, Clear Creek and OGI properties in the Yukon and the Burro Creek Gold property in Arizona. Sitka owns a 100% interest in its Alpha Gold property in Nevada, its Mahtin Gold property in the Yukon and its Coppermine River project in Nunavut. 

RC GOLD PROJECT 
 
Overview 

 

  • A district-scale, contiguous land package covering 376 square kilometres with multiple intrusion related gold deposit targets located in the heart of the Tombstone Gold Belt in Yukon. 

  • Pit-constrained Initial Inferred Mineral Resource Estimate released January 19, 2023 consisting of 1,340,000 ounces of gold* contained in two near/on-surface zones: the Blackjack and Eiger gold deposits. 

  • Blackjack deposit contains a higher grade resource of 900,000 ounces of gold at a grade of 0.83 g/t gold with a cut-off grade of 0.25 g/t gold. 

  • The deposits are open in all directions and are located at opposite ends of a 2km long mineralized corridor running East-West which remains relatively untested but has been shown to contain significant gold mineralization with the potential to add additional resources.  

  • Initial metallurgical testing indicates that the gold is not refractory and has high gold recoveries of up to 94% with minimal NaCN consumption (see News Release dated July 13, 2022). 

  • The project has year-round road access with close proximity to key infrastructure such as power lines, the Klondike Highway and Dawson City. 

  • Several high priority intrusion related gold deposit targets remain untested across the property and have the potential to host additional gold deposits. 

Mineralization 
The RC Gold property lies within the heart of the Tintina Gold Belt. Hart (2005) has estimated a total metal endowment on the order of 70 million ounces of gold. Key deposits include Brewery Creek and the Eagle deposit (Dublin Gulch) in Yukon and Fort Knox, True North, Pogo and Donlin Creek in Alaska. Most of these deposits are characterized by flanking placer gold creeks. 

Photograph of Placer Gold Down-Drainage  

from Hole 21 & Surface Prospecting Area 

 

 

Learn more about The Yukon Golden Triangle, Other Properties and Management click here >>

 

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