Sitka Expands RC Gold Project in Yukon

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(TheNewswire)



Vancouver, CanadaTheNewswire - December 1, 2020 - Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (CNSX:SIG.CN) (FSE:1RF) is please to announce that it has staked an additional 130 quartz mining claims at its district-scale RC Gold Project (“RC Gold” or the “Project”) in Yukon.

 

The additional claims were staked to cover a newly identified, highly prospective area along the western boundary of the Project’s claim block. The Company recently announced diamond drilling results (see news release dated November 23, 2020) that included drill hole #DDRCCC20-002, which was in close proximity to its western claim boundary, and returned 100.8 metres of 0.82 g/t gold and 2.0 metres of 16.1 g/t gold (Figure 1). These newly staked claims are contiguous to the existing claim block and expand the Company’s district scale RC Gold Project land position to a total of approximately 376 square kilometres.

 

“Sitka’s inaugural diamond drilling program completed at RC Gold this summer has discovered a large, robust, intrusion-related gold system that appears to have the scale and grade necessary to host an economic gold deposit”, stated Cor Coe, Director and CEO of Sitka, “Further compilation of the historical and recently obtained geological data identified this newly acquired ground as a highly prospective target area that conforms to our modelling and greatly enhances our dominant land position within the Tombstone Gold Belt (Figure 2)”.

         


Click Image To View Full Size

     

Figure 1 - Newly Staked Claims with Surface Mineralization and 2020 Drillholes

 


Click Image To View Full Size

 

Figure 2 - RC Gold Project Claim Block

About Sitka Gold Corp.

Sitka Gold Corp. is a mineral exploration company headquartered in Canada and managed by a team of experienced mining industry professionals. The Company 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 Yukon and the Burro Creek Gold property in Arizona. Sitka owns a 100% interest in its Alpha Gold property in Nevada, it’s Mahtin Gold property in the Yukon and it’s Coppermine River project in Nunavut. Directors and Management own approximately 15% of the outstanding shares of Sitka Gold Corp., a solid indication of their alignment with shareholders’ interests.

 

The scientific and technical content of this news release has been reviewed and approved by Cor Coe, P.Geo., Director and CEO of the Company, and a Qualified Person (QP) as defined by National Instrument 43-101. 

ON BEHALF OF THE BOARD OF DIRECTORS OF

SITKA GOLD CORP.

 

Donald Penner

President and Director

For more information contact:

Donald Penner

President & Director

778-212-1950

[email protected]

or

Cor Coe

CEO & Director

604-817-4753

[email protected]

Cautionary and Forward-Looking Statements

This news release contains forwardlooking statements and forwardlooking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forwardlooking statements or information. Forwardlooking 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 and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forwardlooking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the expected timing and terms of the private placement, use of proceeds, anticipated work program, required approvals in connection with the work program and the ability to obtain such approvals. Accordingly, readers should not place undue reliance on the forwardlooking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.

 

The forwardlooking statements and information contained in this news release are made as of the date of this news release and no undertaking is given to update publicly or revise any forwardlooking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the CSE. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

 

Neither the CSE nor its Regulation Services 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 authority has approved or disapproved the information contained herein.

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