(via TheNewswire)
Recap and Highlights of 2020
- During the past year, Sitka raised over
$3.0 million via two separate private placement financings and shareholders’ exercise of warrants
- The Company completed significant exploration drilling programs throughout the year on its
Yukon ,Arizona , andNevada projects
- In January, the Company completed the acquisition of the Mahtin Property, which expanded the size of the
RC Gold Project inYukon over twelve-fold, from 2600 hectares to 32,842 hectares (328 square kilometers)
- In January, the Company continued the drill program that was underway at its Burro Creek Gold Property in
Arizona and in April, the Company announced the results of the its Phase 1 drilling program atBurro Creek which included 10 diamond drill holes with highlighted intersections such as11.70 m of 3.23 g/t goldand72.86 g/t silver(see news releases datedJanuary 17 thandApril 14, 2020 ) and also confirmed the extension of theBurro Creek vein as out lined by the surface gold anomaly
- In June the Company drilled the first deep diamond drill hole ever to be drilled at its Alpha Gold Property in
Nevada , and in September, announced the results of this drill hole including the intersections of anomalous gold and coincident mercury which the Company believes could leakage from aCarlin -type gold system at depth
- In late June and early July the Company announced the acquisition of two additional underlying property agreements at its
RC Gold Project inYukon with the acquisition of theBarney Ridge andClear Creek Properties , bringing the total area of theRC Gold Project to over 345 square kilometers (34,500 hectare or 85,000 acres)
- In July the Company began its inaugural 1500 metre diamond drill program on its
RC Gold Project inYukon and in August the Company announced the acquisition of the OGI Property inYukon
- In September the Company completed 4 reverse circulation (RC) drill holes at the OGI Silver-Zinc Property in
Yukon , the first drill holes to ever be drilled there; results are currently pending
- In September the Company completed its 1500 metre, 6 diamond drill hole, exploration program at RC Gold as well as the collection of 531 soil samples and 140 m of trenching and subsequently announced the results of this program including three new gold discoveries and exceptional intersections of goldsuch as 100 metres of 0.82 g/t gold and a separate interval (not part the aforementioned section) of 2 metres of 16.1 g/t gold, both from diamond drill hole DDRCCC20-002 (see news release dated
December 16, 2020 )
- In October, the Company staked additional claims to cover highly prospective ground adjacent to its
RC Gold Project , bringing this district-scale land package to 376 contiguous square kilometres, solidifying theRC Gold Project as the most dominant land assembly between Victoria Gold’sEagle Gold Mine and Golden Predator’sBrewery Creek Gold Mine in the highly fertile Tombstone Gold Belt inYukon
- In October the Company completed 42 sq-km of airborne LiDAR imagery over priority target areas of the
RC Gold Project
- In November the Company staked an additional 27 claims at Alpha Gold in
Nevada to cover a newly identifiedCarlin -type gold deposit target and subsequently applied to theBureau of Land Management (BLM) for a permit for up to 5 drill hole sites on this new claim block; the permit was recently received as announced in the Company’sJanuary 7, 2021 news release
- During the year the Company presented at AMEBC Roundup in
Vancouver , the PDAC convention inToronto , theMetals Investment Forum (MIF) inVancouver and several other conferences that have switched to virtual platforms includingNew Orleans ,Metals Investment Forum and the Mines and Money Online conference; the CEO and President also attended interviews with numerous newsletter writers and analysts who have taken an interest in Sitka
About
The scientific and technical content of this news release has been reviewed and approved 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
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. Forward‐looking statements and information are often, but not always, identified by the use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions.
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 private placement, 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.
The forward‐looking statements and information contained in this news release are made as of the date of this news release and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the CSE. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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