SITKA GOLD CORP - SITKF STOCK NEWS

Sitka Gold (CSE:SIG, FSE:1RF, OTCQB:SITKF) announced on February 23, 2023, expanded gold mineralization at its Alpha Gold Project in Nevada, increasing the extent to 2.5 km. The final two drill holes of the 2022 program showed significant Carlin-Type alteration. Notable results include AG22-10 with 21.3 metres of 1.21 g/t gold. However, AG22-12 faced mechanical issues and was abandoned at 416 metres. The Alpha Gold Project spans 4,780 acres along the Cortez Gold Trend. Sitka's shares are trading at $0.115, and they have also received assay results from their RC Gold Project, reporting an inferred resource of 1,340,000 ounces grading 0.68 g/t.

On January 20, 2023, Sitka Gold announced a maiden Mineral Resource Estimate for the Blackjack and Eiger gold deposits in its RC Gold Project, totaling 1,340,000 ounces of gold inferred. The Blackjack zone, discovered in late 2021, has a higher-grade resource of 900,000 ounces with a grade of 0.83 g/t. The RC Gold Project spans 376 square kilometres and is strategically located near significant gold mines. Upcoming drilling plans include a 10,000-meter program in 2023. The company is well-funded with shares trading at $0.145.

Sitka Gold Corp. announced an Initial Mineral Resource Estimate for its Blackjack and Eiger gold deposits at the RC Gold Project in Yukon. The estimate reveals a total Inferred Mineral Resource of 1,340,000 ounces of gold, with a higher grade resource of 900,000 ounces at the Blackjack zone. The resource opens in all directions, enhancing growth potential. Initial metallurgical testing reports high recovery rates of up to 94%. The resource estimate stems from 34 drill holes, totaling 11,630 meters drilled from 2020 to 2022. Future drilling programs totaling 10,000 meters are planned for 2023 to expand the resource further.

Sitka Gold (OTCQB:SITKF) announced assays from its final two diamond drill holes in the 2022 drilling program at the RC Gold Project in Yukon. The project spans 376 square kilometers, located in the Tombstone Gold Belt. Key results include drillhole DDRCCC-22-040, which averaged 1.26 g/t gold over 201.0 meters, featuring 82.0 meters grading 2.04 g/t gold. The company plans a 10,000-meter drilling program in 2023 targeting Blackjack, Saddle, and Eiger zones. The shares are currently trading at $0.145.

On January 11, 2023, Sitka Gold Corp. (SITKF) announced significant gold assay results from its 2022 drilling program at the RC Gold Project in Yukon. Highlights include drill hole DDRCCC-22-040, yielding 201.0 m of 1.26 g/t Au, with remarkable intervals of 2.0 m at 31.20 g/t Au. The Blackjack zone shows strong mineralization continuity, indicating a promising future for further exploration. Plans for 2023 include a 10,000-metre drilling program targeting Blackjack, Saddle, and Eiger zones. These positive outcomes underscore the project's potential for resource estimation and value enhancement.

Sitka Gold Corp. has announced positive assay results from two diamond drill holes during its Phase II drilling program at the RC Gold Project in Yukon. The Phase II program included 16 holes totaling 5,250 m, with results highlighting significant gold mineralization. Notable results from DDRCCC-22-038 included 401.5 m of 0.63 g/t Au, featuring 180 m of 1.04 g/t Au. The Blackjack zone demonstrates continuity of higher-grade gold, expanding the vertical extent of known mineralization to 545 m. Sitka is planning further drilling to enhance resource estimation.

On Nov. 22, 2022, Sitka Gold (OTCQB:SITKF) announced assay results from five additional diamond drill holes in the Phase II summer drilling program at its RC Gold Project in Yukon. The project spans 376 square kilometers in the Tombstone Gold Belt. Notable results included drillhole DDRCCC-22-033, which returned 19.0 meters of 1.03 g/t gold. The drilling aims to expand the Blackjack Zone and support an initial resource estimate. With shares trading at $0.11, Sitka Gold remains well-funded as it continues exploration activities.

Sitka Gold (OTCQB:SITKF) announced drill results from two holes at its Alpha Gold Property in Nevada, revealing significant gold mineralization. Hole AG22-10 returned 21.3 meters at 1.21 g/t gold, including 4.62 g/t over 1.5 meters. The project spans 4,780 acres and is situated near the Cortez Gold Trend. Current drilling is part of a 1,500-meter program, with assays for further holes pending. The company is financially sound, with shares trading at $0.15. This ongoing exploration boosts the company's potential in the gold sector.

On October 6, 2022, Sitka Gold Corp. (CSE: SIG, OTCQB: SITKF) announced initial assay results from drill holes AG22-09 and AG22-10 at its Alpha Gold Property in Nevada. The ongoing drilling program aims to explore a Carlin-type gold system, with significant findings reported including 21.3 m at 1.21 g/t Au in AG22-10. CEO Cor Coe emphasized the potential of a significant gold deposit in the area, with ongoing drilling revealing an extensive mineralized system. Additional assay results from AG22-11 and AG22-12 are pending.