A video from InvestmentPitch Media describes Sitka Gold’s analysis of five additional diamond drill holes from the Phase II Summer 2022 program at Yukon’s RC Gold project. This includes 19.0 m of 1.03 g/t Au.

VANCOUVER, British Columbia, November 22, 2022 (GLOBE NEWSWIRE) — Sitka Gold (CSE:SIG) (FSE:1RF) (OTCQB:SITKF) completed as part of the company’s Summer 2022 Phase II 5 announced the results of two additional diamond-drilled hole analyses. An adjacent district-scale land package, the RC Gold Project drilling program comprises 92,900 acres (376 sq km) of newly road-accessible Clear Creek in the heart of Yukon’s promising Tombstone Gold. , Big Creek, located in the Sprague Creek area. belt.

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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.

Sixteen diamond drilled holes totaling 5,250 meters were completed during the program. An analysis of his first six holes was previously released in September, and an additional five holes are still pending analysis. Current results are for Hall DDRCCC-22-032 to 036.

Borehole DDRCCC-22-033 was drilled at an azimuth of 320 degrees in a section 100 meters southwest of discovery hole DDRCCC-21-021 below boreholes DDRCCC-22-027 & -028. The holes intersected mainly metadediment rocks, and narrow areas of both mineralized and post-mineralized dykes were associated with strongest structural regions and highest gold grade development.Hole DDRCCC-22-033 returned 1.03 g/t gold from 292.0 meters to 19.0 meters, 1.56 g/t gold from 104.6 meters to 10.1 meters.

Borehole DDRCCC-22-036, 165 meters to the northwest, on a section of discovery borehole DDRCCC-21-021, encountered a megalithic intrusion unit associated with the core of the Blackjack Zone to a depth of 385.9 m below the surface. . Metasedimentary country rock. Significant gold mineralization was most prevalent in the upper half of the hole and associated with sheet-like quartz veins.Hole DDDRCCC-22-036 returned 0.51 g/t gold from 34.9 m to 132.1 m, 282.9 m to 20.4 g/t gold from 1.1 m.

Drillhole DDRCCC-22-032 is approximately 230 meters east of the hole 21 discovery, drilled to the northwest in the same azimuth and drilled by a number of structurally controlled mineralization and post-mineralization embankments. A strongly altered meta-sedimentary rock was encountered to a final depth of 386.0 m. Sheet-like quartz vein mineralization generally developed best within and near embankment emplacements, resulting in rich zones of low-grade gold mineralization.

Drill hole DDRCCC-22-034, northeast of the Blackjack Zone, has been colorized to test for significant gold anomalies in soil, ending in metamorphic rocks at a final depth of 174.1 meters, with notable gold. There was no mineralization of Drill hole DDRCCC-22-035, located at the northeastern edge of the Blackjack Zone and 300 meters west of Saddle Zone Hole DDRCCC-21-019, has mineralization hosted in intrusive sills and metasedimentary rocks similar to the intersection of hole 19. designed to test 80.0 meters of 0.59 g/t gold returned. The hole intersected numerous intrusive dikes and stacked sills within the metadimentary host rock, similar to those encountered in the Saddle Zone before terminating at 244.0 m depth.

A second stage of drilling will further expand the Blackjack Zone and provide a robust database of drilling data to understand the controlled mineralization observed in both intrusive host rocks and semi-sedimentary rocks, as well as the initial It was designed to potentially provide the spatial density needed to generate stock estimates. Analytical results from Phase II drilling and interpretation of structural information obtained from oriented drilling, data from detailed core logging, reprocessed lidar data, and airborne magnetophysical surveys will form the basis for planning a Phase III drilling program. form.

Cor Coe, CEO of P.Geo.The results of this second borehole from the summer drilling program show that anomalous results were obtained when drilling a test area close to the core of the intrusion host mineralization of the Blackjack Zone discovery where hole 21 intersects 220.1 m at 1.17 m. Continue to intersect with wide zones of gold. g/t gold from the surface containing 2.08 g/t gold in 50.5 m. The reported crossing contributes to the potential gold resource Sitka is drilling in the Blackjack-Saddle-Eiger Corridor. This is to test the meta-sediment-hosted mineralization, as highlighted by the 80-meter crossover grading 0.59 g/t gold in the saddle zone hole located at 600 meters. East of the intrusive mineralization in the center of the Blackjack Zone. We look forward to the results of the remaining five diamond drill holes in this Phase 2 drilling program. Some of them contain visible gold, potentially extending intrusion-hosted mineralization in blackjack zones within district-wide road-accessible RCs.gold project”

The company is fully funded with shares trading at $0.11. For more information on this project and the company’s other projects currently completing drilling up to 1,500 meters in Yukon, Arizona, Nunavut and Nevada, 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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