The Company has announced significant analytical results for tungsten from the recently drilled hole DDRCRG-24-002 at the Rhosgobel target, revealing the potential for extensive tungsten mineralization. The specific findings include intercepts of up to 75.50 meters with 0.132% WO3, 6.98 meters at 0.388% WO3, and a notable 0.61 meters at an impressive 4.739% WO3. In addition to the results from Rhosgobel, assays are pending for another 30 diamond drill holes completed across various targets, such as Blackjack, Saddle, Eiger, and others. This year, a total of approximately 32,000 meters of diamond drilling has been performed across the RC Gold Project.
CEO and Director Cor Coe expressed enthusiasm over the results, highlighting the continuity of strong gold values in this newly identified high-grade mineralized gold zone at Rhosgobel. He commended the technical team’s efforts, which have successfully expanded the project to 42 drill holes totaling over 12,000 meters across a strike length of 1.2 kilometers in just a few months. The discovery of tungsten mineralization adds a compelling element to the target, and the company is now implementing additional procedures for tungsten analysis at Rhosgobel. Coe noted the potential for the Rhosgobel deposit to become the new flagship site for the RC Gold Project, particularly given that mineralization remains open in all directions across its expansive 2 km x 1.5 km target area.
All drill holes at Rhosgobel have intercepted significant reduced intrusion-related gold system (RIRGS) style mineralization, featuring various quartz veins and breccias. Visible gold has been found in most drilled holes, showing a strong correlation between geochemical results from soil sampling and in situ gold mineralization. The surface signature of the target area showcases a considerable gold-in-soil anomaly, measured at 2 km x 1.5 km, with concentrations exceeding 500 ppb.
Drill hole DDRCRG-24-002 previously revealed 173.3 meters of 0.60 g/t gold and is indeed part of the analytical work for tungsten. The mineralization, primarily in the form of scheelite, shows various grades and has been positively identified in multiple drill holes, making the results encouraging for its potential economic significance as a by-product of gold production.
Sitka Gold Corp. is focused on its 100% owned RC Gold Project, encompassing a 431 square kilometer area in Yukon’s Tombstone Gold Belt. This strategic location positions the project between prominent gold mining sites. Recent audits indicate an estimated 1.291 million ounces of gold in the indicated category and an inferred category of 1.044 million ounces within the Blackjack and Eiger gold deposits.
Efforts to exploit the gold deposits are backed up by metallurgical testing that shows a high extraction rate, averaging 85%, affirming the viability of the mining processes proposed for the project. The Company has twenty targets across the expansive land area and continues to advance its plans for exploration in the region, aiming to increase the scale of operations across the diverse resource.
The scientific and technical contents outlined in this release have been reviewed and approved by the Vice President of Exploration, demonstrating the company’s commitment to due diligence and adherence to industry standards. As Sitka Gold progresses through its exploration efforts, it remains focused on identifying economically viable mineral deposits while keeping stakeholders informed with detailed reporting of drilling results and forthcoming plans.
