Investment pitch media video describes drill interception of Sitka Gold for up to 4.62 g/t gold at Alpha Gold property in Canadian Business Journal, Nevada

VANCOUVER, British Columbia, Oct. 7, 2022 (GLOBE NEWSWIRE) — Sitka Gold (CSE:SIG) (FSE:1RF) (OTCQB:SITKF) from the first two drill holes at the Alpha Gold property in Nevada reported the results of the analysis of Sitka Gold holds his 100% interest in the 4,780-acre Alpha Gold Project located along the southeast projection of the prolific Cortez Gold Trend in Eureka County, approximately 135 kilometers southwest of Elko, Nevada. The project is located approximately 2 km west of Nevada State Route 278 and is easily accessible via a dirt road.

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Completed holes AG22-09 and AG22-10 in the ongoing 2022 drilling program are part of the planned 1,500 meter drilling program and will be drilled at hole AG22-12. , is currently in progress.

The alteration and mineralization observed in AG22-11 and AG22-12 indicate that the scale of this Carlin-type gold system is greater than 6 kilometers in strike length. Assays for AG22-11 and AG22-12 are currently pending.

Hall AG22-09 returned 10.7 meters of gold at 0.51 grams per tonne. Hall AG22-10 returned 21.3 meters of 1.21 grams of gold per ton from 211.8 meters. This includes 13.7 meters of 1.52 grams of gold per ton from 217.9 meters and 1.5 meters of 4.62 grams of gold per ton from 225.6 meters.

Results from AG22-09 and AG22-10 significantly expanded and enhanced gold mineralization associated with NNW tectonic trends defined by surface mapping and previous drilling. Gold mineralization at AG22-10 occurred in the Horse Canyon equivalent horizon near contact with the Devil’s Gate limestone. Lithofacies logs from the hole and surface mapping indicate that a larger offset normal fault occurred west of the hole and has not been tested.

This hole confirms that AG21-08 is well out on the eastern edge of the now more defined NNW anticline, indicating a continuation of its strong potential to the west. Since the acquisition of Alpha Gold, three previous drilling programs totaling 2604 meters in eight holes have been completed, providing a large and widely disengaged geological conception of unexcavated geology with surface alteration and pathfinder element anomalies. We have advanced our assets to a Carlin-type gold system. Thick, low-grade gold intercept.

The company is currently conducting its fourth drilling program at the site.

Sitka is currently awaiting analytical results for 10 diamond drill holes from the recently completed Phase II Summer Diamond Drill Program at the Yukon RC Gold Project. An adjacent district-scale land package, the RC Gold project comprises 376 square kilometers or 92,900 acres. It is strategically positioned between Eagle Gold Mine at Victoria Gold, the Yukon’s newest gold mine to reach commercial production in the summer of 2020, and Brewery Creek Gold Mine at Saber Gold Mine.

The company is well funded with shares trading at $0.15. For more information on this project and the company’s other projects in Yukon, Arizona, Nevada and Nunavut, visit his website at: www.SitkaGoldCorp.comcontact President Donald Penner at 778-212-1950 or email. [email protected]or Cor Coe, CEO, 604-817-4753, or email [email protected].

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