Hole 57 was the first of two holes completed during the 2024 winter diamond drilling program at the Company's 386 square kilometre, road accessible
DDRCCC-24-057 Highlights: 191.0 m of 1.16 g/t Au from 327. m including; o 89.0 m of 2.03 m g/t Au from 419.0 m 11.0 m of 5.80 g/t from 459.0 mo 2.0 m of 21.20 g/t from 468.0 m
'The results from Hole 57 are very significant as they confirm that the higher-grade gold mineralization discovered in Hole 47 last year continues a further 45 metres to the southeast and 175 metres to vertical depth and remains wide open', stated
Hole 057 was drilled to a length of 550.2 m and was a step-out to the west from hole DDRCCC-23-047 designed to test the southeastern extension of the well-mineralized quartz monzonite intrusion intersected in Hole 47. It intersected two broad zones of feldspar megacrystic quartz monzonite intrusion within a large package of biotite schist, phyllite, and quartzite of the Late Proterozoic Yusezyu Formation (
The second hole of the program, DDRCCC-24-058 (Hole 58), was collared approximately 70 metres north of Hole 057 and drilled to a length of 535.9 m. Hole 58 has been logged and sampled and assays are currently pending.
Hole 57 was variously mineralized throughout almost its entire length, returning 505.0 m of 0.50 g/t gold from 13.0 to 518.0 m. Higher grade intervals within the hole included 191.0 m of 1.16 g/t gold; 89.0 m of 2.03 g/t gold and 11.0 m of 5.80 g/t gold. The highest grade interval was 2.0 m 21.2 g/t gold. Hole 57 has successfully extended the gold mineralization identified in Hole 047 a further 175 m to depth and 45 m to the southeast. Of particular significance, Hole 57 has returned the most consistent gold mineralization seen on the RC property to date hosted in strongly silicified and veined metasediments.
Hole 57 is the first hole to be completed of up to 15,000 metres of diamond drilling at RC Gold this year in proposed winter and summer diamond drilling campaigns. The key objectives of drilling this year will be to further expand and define targets within the well-endowed
Quality Assurance/Quality Control
On receipt from the drill site, the HTW/NTW-sized drill core was systematically logged for geological attributes, photographed and sampled at Sitka's core logging facility. Sample lengths as small as 0.3 m were used to isolate features of interest, otherwise a default 2 m downhole sample length was used. Each sample is identified by a unique sample tag number which is placed in the bag containing the core to be assayed. Core was cut in half lengthwise along a predetermined line, with one-half (same half, consistently) collected for analysis and one-half stored as a record. Standard reference materials, blanks and duplicate samples were inserted by Sitka personnel at regular intervals into the sample stream. Bagged samples were placed in secure bins to ensure integrity during transport. The samples were delivered by Sitka personnel or a contract expeditor to
ALS is accredited to ISO 17025:2005 UKAS ref. 4028 for its laboratory analysis. Samples were crushed by ALS to over 70 per cent passing below two millimetres and split using a riffle splitter. One-thousand-gram splits were pulverized to over 85 per cent passing below 75 microns. Gold determinations are by fire assay with an inductively coupled plasma mass spectroscopy (ICP-MS) finish on 50 g subsamples of the prepared pulp (ALS code: Au-ICP-22). Any sample returning over 10 g/t Au was re-analyzed by fire assay with a gravimetric finish on a 50 g subsample (ALS code: Au-GRA21). In addition, a 51-element analysis was performed on a 0.5 g subsample of the prepared pulps by an aqua regia digestion followed by an inductively coupled plasma mass spectroscopy (ICP-MS) finish (ALS code: ME-MS41).
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The Company recently announced an NI 43-101 compliant initial inferred Mineral Resource Estimate of 1,340,000 ounces of gold(1) beginning at surface and grading 0.68 g/t at its
The scientific and technical content of this news release has been reviewed and approved by
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Tel: 778-212-1950
Email: dpenner@sitkagoldcorp.com
Cautionary and Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as 'intends' or 'anticipates', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'should', 'would' or 'occur'. This information and these statements, referred to herein as 'forward-looking statements', are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, the use of the proceeds raised under the Offering and the Company's anticipated work programs.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will complete its anticipated work programs and use the proceeds of the Offering as currently anticipated.
These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market uncertainty, the results of the Company's anticipated work programs and that the Company will not use the proceeds of the Offering as currently anticipated.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
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