Sitka Gold Corp. announced it has intercepted visible gold within sheeted veining in megacrystic quartz monzonite intrusive rock in the second 2024 winter diamond drill hole (DDRCCC-24-58 or Hole 58) at its RC Gold Project located in Yukon's prolific Tombstone Gold Belt. A total of 1,085.1 m has been drilled to date this year as part of a planned 15,000 m diamond drilling for 2024.

Hole 58 was collared approximately 70 metres north of recently completed DDRCCC-24-057, which also intersected visible gold in sheeted veining within megacrystic quartz monzonite. Hole 58 was drilled to a depth of 534.9 metres at an azimuth of 60 degrees and dip of -60 degrees and is currently being logged and cut in preparation for delivery to the assay lab. The winter drilling program is focused on stepping out from Hole 47 that was drilled in 2023 south of the current Blackjack gold deposit (900,000 ounces of gold at a grade of 0.83 g/t).

Hole 47 contained the best gold mineralized intersection to date on the property, returning 219.0 m of 1.34 g/t gold including 124.8 m of 2.01 g/t gold and 55.0 m of 3.11 g/t gold. Hole 58 was drilled to test the down dip extension of the well mineralized quartz monzonite intrusion intersected in hole DDRCCC-23-047. Hole 58 has confirmed that the well mineralized quartz monzonite intrusion intersected in hole DDRCCC-23-047 and in Hole 57 continues to depth.

It intersected two broad zones of feldspar megacrystic and vari-textured, quartz monzonite and feldspar porphyry (6.0 - 114.2 m and 455.3 - 509.8 m) within a large package of biotite schist, phyllite, and quartzite of the Late Proterozoic Yusezyu Formation (Hyland Group). The intersection correlates well with the expected geology encountered in previous drill holes in the area including the lamprophyre dyke commonly associated with gold mineralization that was intersected from 509.9 - 528.2 m. The intrusions were cut by abundant 1-2 cm sheeted quartz veins, quartz-arsenopyrite veins, and arsenopyrite veins. Visible gold was noted at 476.9 m within the deepest intersection of the intrusion drilled to date.

Several occurrences of bismuthinite, which is commonly associated with gold mineralization within the Blackjack gold deposit, were also observed in various intervals throughout the drill hole. The key objectives of drilling this year will be to further expand and define targets within the well-endowed Clear Creek Intrusive Complex area, which currently hosts the Blackjack and Eiger gold deposits - both of which remain open in all directions. This initial drilling has focused on expanding the mineralization hosting the Blackjack deposit to the south and to depth and that objective has been achieved.

The mineralization remains open and when drilling recommences this area will continue to be a focus for expansion of the high-grade Blackjack deposit resource. Drilling will also target expansion of the resource at the Eiger deposit and continue drilling of the Saddle zone, midway between the Blackjack and Eiger deposits, where drilling has indicated excellent potential for another resource. Additionally, the drilling aims to advance the drill-ready targets elsewhere on the district-scale, 386 square kilometre property which hosts nine known intrusions with associated gold mineralization.

The winter phase of the 15,000 m diamond drill program planned for 2024 has now been completed. The drill remains on site and the drilling will recommence after a brief hiatus as the spring thaw has begun in the Yukon. To date, 56 diamond drill holes have been drilled into this system for a total of approximately 19,962 metres including 16 drill holes totaling 6,515 metres completed in 2023 focused on expanding the initial resource.

The drilling in 2023 produced results of up to 219.0 m of 1.34 g/t gold including 124.8 m of 2.01 g/t gold and 55.0 m of 3.11 g/t gold in drill hole DDRCCC-23-047 at Blackjack.