One would think 345 square kilometers of contiguous exploration licenses in the Yukon is enough. Not for Sitka Gold Corp. (CSE: SIG) (FSE: 1RF)! The company has just secured a further 130 claims (32 km²) at a strategically important location (see Figure 1). The reason is the recent gold discovery on the Saddle-Eiger Zone (see our reports from October 15 and November 24 https://bit.ly/2JrnfDW) along a 2 km long soil anomaly. The Discovery is close to the claim line and, by Yukon standards, just a stone’s throw from the producing gold mine of Victoria Gold. A mere 40 kilometers.
The additional claims were staked to cover a newly identified, highly prospective area along the western boundary of the project claim block. The company recently reported results that were in the immediate vicinity of the western claim boundary, including drill hole # DDRCCC20-002 that graded 100.8 meters at 0.82 g / t gold and 2.0 meters at 16.1 g / t gold (Figure 1). The newly staked claims border the existing claim block and expand the company’s land position on the district-scale RC gold project to a total of approximately 376 square kilometers.
Cor Coe, Sitka Director and CEO commented, “Sitka’s first diamond drilling program, completed this summer on the RC Gold Project, has discovered a large, robust, intrusive gold system that appears to be of the required size and grade to Another compilation of historical and recent geological data has identified this newly acquired area as a highly prospective target area that is in line with our modeling and further enhances Sitka’s dominant land position within the Tombstone Gold Belt (Figure 2) ” .
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