Sitka Gold Corp. (CSE: SIG | FSE:1RF | OTCQB: SITKF) has announced results from a high-resolution airborne magnetic (MAG) survey that was previously flown over the Saddle, Eiger, Pukelman, and Jospehine intrusions at the company’s RC Gold Project located in Canada, where an earlier 1.34Moz initial gold mineral resource estimate was announced. The area comprises of the newly discovered Blackjack and Eiger intrusion related gold deposits.
Three-dimensional inversion modelling, interpretation of the survey, and coincident gold-in-soil anomalies indicates that the gold mineralization along these expanded corridors appears to be much more extensive than previously considered.
“While the results from the resource expansion drilling programme currently underway at the Blackjack deposit…continue to demonstrate the persistent and higher-grade nature of this intrusion-related gold system, the data gathered from this MAG survey further demonstrates the potential this system has to host an overall gold resource that is multiples larger than the current initial mineral resource estimate.” stated Cor Coe, CEO and Director of Sitka Gold.
Sitka recently received gold results at its Blackjack deposit produced an interval of 0.74g/t Au over the entire length of a 422.7m long drill hole from surface to depth, including 111.7m of 1.24g/t Au with hopes to see similar consistent results along the connected mineralization corridor.
Coe added, “While we will continue to focus on the systematic step out drilling designed to expand both the Blackjack and Eiger deposits, both of which remain open in all directions, we are also very excited to test the potential world-class scale of this robust gold system with additional exploration along this 5km long mineralized corridor.”
Mag highs along with coincident geochemical data have significantly expanded the length of he extensional mineralized corridor from approximately 2km to over 5km, encompassing the Saddle, Eiger and Josephine intrusions. A similar extensional corridor that is associated with elevated geochemical data along the northern margin of the Pukelman intrusive stock remains untested.
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