Company informs on numerous projects throughout North America, reaffirms focus on Yukon's RC Gold project.

Sitka Gold Corp. March 14 reported an assessment of its gold, silver, and copper properties throughout North America, realigning its strategies and updating the current state of its operations.

Varying from grassroots and discovery-stage properties to advanced-stage projects that include the recent discovery of a significant gold deposit at RC Gold, the company states its primary focus for 2024 is on RC Gold, where an initial inferred gold resource of 1.34 million ounces of gold was recently announced along with a winter diamond drilling program focused on expansion is currently underway.

"Since its inception, Sitka's goal was to curate a portfolio of highly prospective mineral properties that would provide diversification across key target minerals and mining friendly jurisdictions," said Sitka Gold CEO Cor Coe. "Having accomplished that, Sitka spent the past several years systematically advancing these properties through varying stages of exploration."

Sitka's project portfolio consists of the RC Gold project and OGI project in Yukon, the Alpha Gold project in Nevada, the Burro Creek project in Arizona, and the Coppermine River project in Nunavut.

"The results of these efforts have led to multiple discoveries and milestones, the most recent being the advancement of RC Gold from a discovery hole to an initial mineral estimate of 1.34 million ounces of gold within just 12 months," said Coe. "With our main focus on growing that resource towards critical mass while exploring the several additional drill ready targets at RC Gold ripe for discovery, we are also excited to continue our exploration efforts at Alpha Gold where we have discovered a large Carlin-type gold system that has the potential to host a significant gold resource similar to other deposits along the Cortez-trend where over 50 million ounces of gold has been discovered to date."

Not within the usual purview of the North of 60 Mining News coverage area – aside from Coppermine River in Nunavut – the company reports that drilling results from Alpha Gold have been received, as well as the receipt of key permits for Burro Creek and Coppermine River are now in place to allow drilling at these targets.

"With drill permits now in hand for Coppermine River and Burro Creek, along with a treasury of approximately $7.5 million, Sitka is well positioned to further unlock the potential within its mineral portfolio and create additional shareholder value," finished Coe.

RC Gold, Yukon

Location of Sitka Gold's flagship RC Gold project that contains an inferred 1.34 million ounces of gold.

Located within the central region of Canada's Yukon Territory, in the prolific Tombstone Gold Belt, the RC Gold project is found roughly midway between Victoria Gold Corp.'s Eagle Gold mine and the Brewery Creek gold mine project.

At approximately 37,700 hectares (93,000 acres), this highly fertile and largely underexplored land package is situated about 100 kilometers (62 miles) east of Dawson City, at the headwaters of Clear Creek and Big Creek, a major placer mining district that is serviced by a network of gravel roads and trails.

Last year, Sitka announced an initial inferred mineral resource estimate for two targets at RC Gold. According to the calculation, its flagship Blackjack hosts 33.7 million metric tons averaging 0.83 grams per metric ton (900,000 ounces) gold at a cutoff grade of 0.25 g/t gold; while Eiger hosts 27.4 million metric tons averaging 0.5 g/t (440,000 oz) gold at the same cutoff.

Combined, the initial inferred resource amounts to roughly 1.34 million oz gold.

Announcing the start of a 15,000-meter diamond drilling program at RC Gold, which the company aims to do over the winter and summer drilling campaigns, its key objectives will be to further expand and define the well-endowed Clear Creek Intrusive Complex area that currently hosts the Blackjack and Eiger deposits, both of which remain open in all directions, and advance the drill-ready targets elsewhere within its district-scale property.

OGI, Yukon

Continuing to explore the silver-lead-zinc sedimentary exhalative deposits at OGI, the property is strategically located at the western end of the Tombstone Gold Belt immediately north of Victoria's Brewery Creek deposit and 20 kilometers (12.4 miles) west of the Mike Lake project recently acquired by Prospector Metals Corp.

Previous exploration has included soil geochemical surveys, airborne magnetics, gravity geophysics, stream sediment sampling, geological mapping and a small rotary air blast drilling program.

Previous soil surveys have produced areas of interest for follow-up exploration.

Coppermine River, Nunavut

Location of the Coppermine River project in Nunavut.

Held under a wholly owned subsidiary of Sitka Gold – Arctic Copper Corp. – the company announced that it had received a Land Use Permit and a water permit to allow diamond drilling at the Coppermine River project.

Under Arctic Copper, it currently holds approximately 12,000 hectares (29,653 acres) in two separate claim blocks in the Coppermine River District in Nunavut. The Copper Leaf showing, a discovery made in 2015 by Arctic Copper, is located roughly 60 kilometers (37 miles) southwest of the town of Kugluktuk and has never been tested by drilling.

Consisting of strong massive and disseminated sediment-hosted copper sulfide mineralization in the Husky Creek Sandstone Formation, Sitka says the mineralization appears to be a major gabbro (coarse-grained igneous rock) dyke (sheet of rock formed within a fracture) that trends north-south for more than 12 kilometers (7.5 miles).

Grab samples from Copper Leaf returned values of up to 13.45% copper and up to 65 g/t silver in sandstone, interpreted to be brought to surface by frost heave action.

A single-line gravity survey was conducted over Copper Leaf the same year of discovery and revealed a strong gravity anomaly 90 meters wide proximal to the gabbro dyke. An expanded gravity survey conducted in 2019 suggests significant strike potential along the east flank of the dyke for more than 400 meters.

Alpha Gold, Nevada

Location of the Alpha Gold project in Nevada.

Found roughly 25 miles (40 kilometers) south-southeast of Nevada Gold Mines' Cortez complex, which includes the Pipeline, Cortez Hills, and Goldrush tier-one gold deposits and is located at the southeast end of the Cortez trend, drilling in 2023 resulted in four holes totaling 1,027.3 meters that resulted in broad intervals of abundant Carlin pathfinder elements in strong Carlin-style alteration in all the holes.

Last year's drilling and previous widely spaced drilling have demonstrated that gold mineralization at Alpha Gold appears continuous along a 1.6-mile (2.5 kilometers) segment of the Alpha anticline (arch-shaped rocky ridge) with encouraging evidence of higher-grade zones.

Sitka reports that an additional 2.8-mile (4.5 kilometers) segment of the anticline continuing south-southeast to Frazier Creek remains untested by drilling.

Four initial rock chip samples at Frazier Creek returned up to 0.78 g/t gold, greatly surpassing all surface gold from the Alpha NW area, highlighting the potential of this region. Drilling and geologic modeling continue to support a large Carlin-type gold system with extremely prospective untested targets and excellent potential for the discovery of a high-grade core zone.

Burro Creek, Arizona

Location of Burro Creek can be seen in the top right of Sitka Gold's map.

The Burro Creek gold and silver project is located 65 miles (105 kilometers) by road southeast of Kingman, Arizona and is accessed via a mile-long (1,600 meters) dirt road west off Highway 93.

The project covers an area of approximately 287 hectares (709 acres) and consists of four centrally located patented mineral claims and an additional 35 lode claims. Covering a low-sulfidation epithermal vein system that has been traced for over one mile (1,700 meters), Sitka says the property also exhibits widths up to 45 meters.

In addition to its Coppermine River project, Sitka has received drill permits to further explore Burro Creek, where historical gold and silver resources have been identified within the Burro vein, a low-sulfidation epithermal gold-silver vein.

Previous drilling by the company confirmed the mineralization from the historical resource continues to the southern boundary of the patented mining claims, and the recently received drill permit will enable drill testing just south of that, beyond the claims.

Additional work, including surface geochemistry, prospecting, and geological mapping, indicates that the Burro vein continues for at least an additional mile (1,500 meters) to the south.