Sitka Gold drills 4.62 g/t gold over 1.5 metres at Alpha, Nevada
Sitka Gold Corp. [SIG-CSE; SITKF-OTCQB; 1RF-FSE] reported initial assay results from the first two drill holes, AG22-09 and AG22-10, completed during the continuing 2022 drilling program at its Alpha gold property located on the southeast projection of the prolific Cortez gold trend in Nevada.
The company is conducting a planned 1,500-metre drilling program at Alpha gold where drilling at hole AG22-12, which is a step-out located 5,600 metres along trend from AG22-10, is currently under way. Alteration and mineralization observed in AG22-11 and AG22-12 indicate that the scale of this Carlin-type gold system is over 6 km in strike length. Assays for AG22-11 and AG22-12 are currently pending.
Highlights of gold assays include drill hole AG22-10 that returned 21.3 metres of 1.21 g/t gold from 211.8 metres, including 13.7 metres of 1.52 g/t gold from 217.9 metres and 1.5 metres of 4.62 g/t gold from 225.6 metres. Drill hole AG22-09 returned 10.7 metres of 0.51 g/t gold from 125 metres.
Cor Coe, CEO and director, commented: “The initial results from the company’s ongoing 2022 drill program at Alpha gold continue to affirm we are on to a very significant Carlin-type gold system. These are the best gold intervals we have intercepted to date and add to the mounting evidence that this system has the potential to host a significant Carlin-type gold deposit. In addition, alteration and mineralization observed in drill holes AG22-11 and AG22-12 have significantly expanded the known footprint of this system with their massive step-outs of 940 metres and 5,600 metres, respectively, SSE [south-southeast] from AG22-10, adding to the exceptional tonnage potential of this target. Considering that we have only drilled and received results from 10 drill holes since the conceptual geological model was presented in 2020 on this totally new, undrilled area, it is extremely impressive that our geological team has advanced this project to the confirmation stage that Alpha gold hosts a large, very robust Carlin-type gold system. Alpha gold is located directly on the southeast projection of the Cortez trend, known to host world-class, multimillion-ounce Carlin-type gold deposits such as Barrick Gold’s Goldrush deposit located approximately 40 kilometres to the northwest. Since the discovery of this Carlin-type gold system at Alpha gold, drilling has progressively produced larger intervals with better gold grades as we continue to vector toward the core of this system with additional data generated from drill hole assays and an enhanced geological interpretation. We are eagerly awaiting additional drill hole results as drilling continues at our 100-per-cent-owned Alpha gold property.”
Results from AG22-09 and AG22-10 have significantly widened and strengthened gold mineralization related to the north-northwest structural trend defined by surface mapping and prior drilling. AG22-10 intercepted up to 4.62 g/t gold in an interval of 1.21 g/t over 21.34 metres from 211.84 metres.
Gold mineralization in AG22-10 occurred in the Horse Canyon-equivalent horizon near the Devils Gate limestone contact.
AG22-09 intercepted 0.51 g/t gold over 10.67 metres from 124.97 metres.
Holes AG22-09 and AG22-10 have provided excellent confirmation of the north-northwest structural zone, which is not adequately exposed on the surface in this area due to thin gravel cover, and they provide a framework for better testing of the host rock horizons adjacent to it.
The strike extension of the north-northwest structural zone at Alpha NW remains open to the north and south.
Sitka Gold has acquired a 100% interest in the Alpha gold project, located along the southeast projection of the prolific Cortez gold trend in Eureka County, approximately 135 km southwest of Elko, Nevada. The project comprises one contiguous claim block totalling 239 lode claims covering an area of approximately 4,780 acres (1,934 hectares) and is accessible by a dirt road, approximately 2 km west of Nevada State Highway
Well-exposed lower plate windows near Alpha gold have been extensively explored for Carlin-type gold deposits with a number of deposits found along the limbs.
Three previous drill programs totalling 2,604 metres in eight holes have been completed at Alpha gold since its acquisition and have advanced the property from an undrilled geologic concept with a surface alteration and pathfinder element anomaly, to a large wide-open Carlin-type gold system with thick, low-grade gold intercepts, from wide-spaced drilling. The company is currently conducting its fourth drill program on the property.