Sitka's RC Gold Project: A New Wave of High-Grade Discoveries
Monday, Oct 21, 2024 9:15 am ET
1min read Sitka Gold Corp. has announced impressive drill results from its RC Gold Project in the Yukon, further enhancing the project's potential and solidifying its position as a significant player in the region's gold mining landscape. The Company's recent drill hole DDRCCC-24-058 ("Hole 58") intersected 154.0 metres of 1.47 g/t gold, including 37.0 metres of 3.07 g/t gold and 8.0 metres of 4.61 g/t gold, confirming the robust continuity of higher-grade gold mineralization south of the current Blackjack gold deposit.
These results build upon the Company's previous findings, with Hole 58 extending the gold mineralization 200 metres downdip of the gold mineralization encountered in DRCCC-23-047 ("Hole 47"). The 3D structural interpretation from winter drill hole results has established a new Blackjack Mineralized Gold Corridor, demonstrating the potential for continued higher-grade gold mineralization to the south of the Blackjack gold deposit.
The discovery of abundant sheeted quartz veins, quartz-arsenopyrite veins, and arsenopyrite veins, along with several instances of visible gold, further supports the project's geological potential. The results from Hole 58, combined with those from Holes 47 and 57, have enabled the Company to generate a 3D model interpretation that shows this strong gold mineralization is associated with the Blackjack Fault, is open to the southeast, and projects both to depth and to surface.
These drill results have significant implications for Sitka's resource estimation and potential mine development at the RC Gold Project. The strong gold results from Hole 58 continue to highlight the potential of this area to add significant higher-grade tonnage to the Company's gold resource. The updated geological model has highlighted an area of approximately 1 kilometre in length along strike to the south of the resource as a high-priority target that could extend the higher-grade gold zone discovered at Blackjack significantly.
The Company's exploration strategy will focus on the Saddle Zone target area, which remains largely untested by drilling and contains the largest and strongest gold-in-soil anomaly on the property. With the summer phase of drilling about to commence and the largest drilling campaign planned to date at RC Gold, with up to 15,000 metres of diamond drilling proposed, Sitka looks forward to further unlocking the project's potential while continuing to expand its rapidly growing gold resource.
In conclusion, Sitka's recent drill results from the RC Gold Project demonstrate the project's robust geological structure and high-grade gold potential. As the Company continues to explore and develop the project, investors can expect a growing gold resource and increased market valuation, further solidifying Sitka's position as a promising player in the Yukon's gold mining scene.
These results build upon the Company's previous findings, with Hole 58 extending the gold mineralization 200 metres downdip of the gold mineralization encountered in DRCCC-23-047 ("Hole 47"). The 3D structural interpretation from winter drill hole results has established a new Blackjack Mineralized Gold Corridor, demonstrating the potential for continued higher-grade gold mineralization to the south of the Blackjack gold deposit.
The discovery of abundant sheeted quartz veins, quartz-arsenopyrite veins, and arsenopyrite veins, along with several instances of visible gold, further supports the project's geological potential. The results from Hole 58, combined with those from Holes 47 and 57, have enabled the Company to generate a 3D model interpretation that shows this strong gold mineralization is associated with the Blackjack Fault, is open to the southeast, and projects both to depth and to surface.
These drill results have significant implications for Sitka's resource estimation and potential mine development at the RC Gold Project. The strong gold results from Hole 58 continue to highlight the potential of this area to add significant higher-grade tonnage to the Company's gold resource. The updated geological model has highlighted an area of approximately 1 kilometre in length along strike to the south of the resource as a high-priority target that could extend the higher-grade gold zone discovered at Blackjack significantly.
The Company's exploration strategy will focus on the Saddle Zone target area, which remains largely untested by drilling and contains the largest and strongest gold-in-soil anomaly on the property. With the summer phase of drilling about to commence and the largest drilling campaign planned to date at RC Gold, with up to 15,000 metres of diamond drilling proposed, Sitka looks forward to further unlocking the project's potential while continuing to expand its rapidly growing gold resource.
In conclusion, Sitka's recent drill results from the RC Gold Project demonstrate the project's robust geological structure and high-grade gold potential. As the Company continues to explore and develop the project, investors can expect a growing gold resource and increased market valuation, further solidifying Sitka's position as a promising player in the Yukon's gold mining scene.
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