Yukon Territory Mining

[Lone Clone]

Sitka Increases Gold Mineral Resource Estimate to 1.3 Million Ounces Indicated and 1.5 Million Ounces Inferred at Its RC Gold Project in Yukon

Updated Mineral Resource Estimate ("MRE") at the Company's 100% owned Blackjack gold deposit located at the RC Gold Project, Yukon using a 0.3 g/t gold cut-off grade:

? Indicated Mineral Resource: 1,291,000 ounces of gold at a grade of 1.01 g/t

? Inferred Mineral Resource: 1,044,000 ounces of gold at a grade of 0.94 g/t

The updated MRE represents a significant increase in both average grade and contained ounces at the Blackjack deposit where an initial inferred MRE of 900,000 ounces of gold at a grade of 0.83 g/t with a cut-off of 0.25 g/t gold was announced in 2023 (see Company News Release dated January 19, 2023).

The updated MRE at Blackjack has a well defined and consistent core of 1 g/t or greater material that extends from surface to a depth of 660 m and remains open in all directions.

Initial metallurgical testing indicates that the gold in the Blackjack deposit is not refractory and has high recoveries of up to 94% with minimal NaCN consumption (see News Release dated July 13, 2022).

30,000 m of drilling planned at RC Gold this year to continue upgrading and expanding the Blackjack resource and further develop other significant centres of gold mineralization within the Clear Creek Intrusive Complex ("CCIC"), including the Eiger Deposit, which contains an initial inferred MRE of 440,000 ounces of gold (see Table 3 and Figure 5), and the Saddle, Rhosgobel, Contact, Pukelman, Bear Paw and Josephine targets (see Figures 4 and 5).

https://www.newsfilecorp.com/release/237933/Sitka-Increases-Gold-Mineral-Resource-Estimate-to-1.3-Million-Ounces-Indicated-and-1.5-Million-Ounces-Inferred-at-Its-RC-Gold-Project-in-Yukon

January 21, 2025 9:25 AM EST | Source: Sitka Gold Corp.


Vancouver, British Columbia--(Newsfile Corp. - January 21, 2025) - Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) ("Sitka" or the "Company") is pleased to announce an updated Mineral Resource Estimate ("MRE") in ac