(Kitco News) - Sitka Gold (CSE: SIG) (OTCQB: SITKF) today announced an initial mineral resource estimate for the Blackjack and Eiger gold deposits located on the company's RC Gold project in Yukon.
The company said that the initial mineral resource estimate comprises a total inferred mineral resource of 1,340,000 ounces of gold at a grade of 0.68 g/t gold beginning at surface, adding that the Blackjack zone discovered in late 2021 contains a higher grade resource of 900,000 ounces of gold at a grade of 0.83 g/t gold at a cut-off grade of 0.25 g/t gold.
Importantly, Sitka noted that the Blackjack and Eiger gold deposits are open in all directions and the resource does not include other areas including the Saddle zone where drilling has confirmed the presence of additional gold mineralization.
"The production of an initial resource of over 1.3 million ounces of gold with only 34 diamond drill holes marks a major milestone for our flagship project in Yukon," stated Cor Coe, Director and CEO of Sitka.
He added, "With both the Blackjack and Eiger deposits open in all directions, this initial mineral resource provides a solid foundation from which we can build upon to add additional resources and unlock further value from our RC Gold project. The company is currently planning a two part, winter and summer diamond drilling program totalling 10,000 metres at RC for 2023, focused primarily in the Blackjack, Saddle and Eiger zone areas."
Sitka Gold is a mineral exploration company headquartered in Canada. The company is focused on exploring for economically viable mineral deposits with its primary emphasis on gold, silver and copper mineral properties of merit.
Sitka currently has an option to acquire a 100% interest in the RC, Barney Ridge, Clear Creek and OGI properties in Yukon and the Burro Creek Gold property in Arizona. Sitka owns a 100% interest in its Alpha Gold property in Nevada, its Mahtin Gold property in the Yukon and its Coppermine River project in Nunavut.
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