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Highlights of Initial Diamond Drilling Results Include:
Drill hole BC19-56 intersects 41.08 mof1.15 g/tgold and 51.30 g/t silver including:
- 18.77 m of 2.20 g/t gold and 27.79 g/t silver
-1.07 m of 17.55 g/t gold and 33.00 g/t silver
Drill hole BC19-57 intersects 50.63 m of 1.10 g/t gold and 35.97 g/t silver including:
-11.70 m of 3.23 g/t gold and 72.86 g/t silver
- 1.28m of16.85g/t gold and77.00g/t silver
Drill hole BC19-58 intersects 25.00 mof 0.37 g/t) gold and 83.99 g/tsilverincluding:
-6.40 m of 0.75 g/t gold and 119.37 g/t silver
Drill hole BC19-59 intersects 27.12 m of 0.62 g/tgold and 79.58 g/t silver including:
-5.79 m of 2.09 g/t gold and 23.69 g/t silver
Table 1: Drill hole assay results of the mineralized portion of the Burro Vein intersected*
------------------------------------------------------------------------- |Drill |Azimuth|Dip |Hole | |Interval |Core |Gold |Silver| |Hole | | |Depth| | | | | | | | | |(m) | | | | | | |-----------------------------------------------------------------------| | | | | | |From |To |Length|(g/t)|(g/t) | | | | | | |(m) |(m) |(m) | | | |-----------------------------------------------------------------------| |BC19-056|N/A |-90 |60.04| |15.03|56.11|41.08 |1.14 |42.94 | |-----------------------------------------------------------------------| | | | | |including|37.34|56.11|18.77 |2.20 |27.79 | |-----------------------------------------------------------------------| | | | | |including|42.67|43.74|1.07 |17.55|33.00 | |-----------------------------------------------------------------------| | | | | | | | | | | | |-----------------------------------------------------------------------| |BC19-057|N/A |-90 |52.42| |0 |50.63|50.63 |1.10 |35.97 | |-----------------------------------------------------------------------| | | | | |including|10.70|22.40|11.70 |3.23 |72.86 | |-----------------------------------------------------------------------| | | | | |including|18.93|20.21|1.28 |16.85|77.00 | |-----------------------------------------------------------------------| | | | | | | | | | | | |-----------------------------------------------------------------------| |BC19-058|277° |-58.5°|54.40| |29.41|54.41|25.00 |0.37 |83.99 | |-----------------------------------------------------------------------| | | | | |including|44.50|50.90|6.40 |0.75 |119.37| |-----------------------------------------------------------------------| | | | | | | | | | | | |-----------------------------------------------------------------------| |BC19-059|241° |-61° |56.99| |26.52|53.64|27.12 |0.62 |79.58 | |-----------------------------------------------------------------------| | | | | |including|47.85|53.64|5.79 |2.08 |23.69 | |-----------------------------------------------------------------------| | | | | | | | | | | | -------------------------------------------------------------------------
*Intervals are drilled core length, as insufficient drilling has been undertaken to determine true widths at this time.Previous exploration has shown that the mineralized structure has a strike ranging from 330? to 340? Azimuth and a dip ranging from -50? to -75? NE.
The Company intends to drill approximately 1000 metres in 15 holes on the patented (private) land during this first phase of drilling to explore for further extension of the Burro Vein to the south of the vein mineralization explored by the previous operator, most recently in 2013. After completion of this phase, the company intends to continue with a Phase 2 program stepping out further to the south along the projection of the mineralized zone outlined by the MMI geochemical survey (the MMI Anomaly) upon receiving its drill permit from the BLM.
Figure 1 shows the location of the 4 holes reported above. Figure 2 shows a section of drill hole # BC19-056. The remaining drill hole sections can be viewed on the Company's website athttp://www.sitkagoldcorp.com.The holes drilled in this phase lie within the boundaries of the patented claims. Previously conducted geochemical surveys suggest that the mineralized structure extends southward onto BLM lands. Permitting to drill on these lands has been initiated.
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Figure1. Burro Creek Gold Property 2019 Diamond Drill Hole Locations
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Figure 2. Section of Burro Creek Drill Hole # BC19-056
Quality Assurance/Quality Control
Analytical work for this drill program was carried out by
The Company has a rigorous QAQC program in place in addition to QAQC procedures at the lab. Each batch of 20 samples contains one certified Standard Reference Material, one certified Blank and one duplicate. All results have passed the QAQC screening at the lab.
The Burro Creek Property
The Burro Creek Property is located 1.6 km off
The Property covers a low-sulphidation epithermal vein system that has been traced for over 1.7 km and exhibits widths of up to 45 metres. A NI 43-101 report dated
The Property was fully permitted to commence production in 1988 but the production decision was deferred due to a decline in the price of gold and silver(1). At that time, the intent was to place the Burro gold and silver deposit into production and continue to expand the resource through exploration funded by the ensuing profits.
(1) Pautler, J. (
About Sitka Gold Corp.
Sitka Gold Corp. is a mineral exploration company headquartered in
The technical content of this news release has been reviewed by
ON BEHALF OF THE BOARD OF DIRECTORS OF
"
President and Director
For more information contact:
President & Director
778-212-1950
dpenner@sitkagoldcorp.com
or
CEO & Director
604-817-4753
ccoe@sitkagoldcorp.com
Cautionary and Forward-Looking Statements
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Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the expected timing and terms of the privateplacement, use of proceeds, anticipated work program, required approvals in connection with the work program and the ability to obtain such approvals. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.
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