Sitka Gold - SITKF STOCK NEWS

On April 13, 2023, Sitka Gold (OTCQB:SITKF) reported visible gold intersections during diamond drilling at its RC Gold Project, located in Yukon’s Tombstone Gold Belt. The expansive RC Gold Project covers 376 square kilometers and is strategically positioned near significant gold mines. The initial drill hole of the season has yielded positive geological indicators, suggesting the presence of a higher-grade core at the Blackjack deposit, which has an inferred gold resource of 900,000 ounces at 0.83 g/t gold. Additionally, drilling at the Eiger deposit indicates a further 440,000 ounces of gold. The visible gold occurrences and high recoveries of up to 94% demonstrate the potential for valuable gold extraction. Sitka Gold remains well funded, with shares trading at $0.135.

Sitka Gold Corp. has filed a Technical Report supporting an Initial Mineral Resource Estimate of 1,340,000 gold ounces for its RC Gold Project in the Yukon. This report, prepared by GeoSim Services, indicates significant potential for resource growth at the Blackjack and Eiger deposits. The project spans 376 square kilometers and is strategically located in the Tombstone Gold Belt. The winter drilling program aims to expand these resources, with an attractive average grade that mirrors nearby producing mines. However, the current resource is classified as inferred and does not demonstrate economic viability yet.

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.