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Sitka Gold Corp
Symbol SIG
Shares Issued 58,390,396
Close 2021-02-16 C$ 0.125
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Sitka Gold begins drilling at Alpha

2021-02-16 14:36 ET - News Release

Mr. Donald Penner reports

DRILLING BEGINS AT SITKA'S ALPHA GOLD PROPERTY IN NEVADA

Sitka Gold Corp. has begun drilling at its Alpha gold property, located at the southeast end of Nevada's prolific Cortez gold trend (see news release dated Feb. 12, 2021).

"The drill is turning at Alpha gold," stated Cor Coe, chief executive officer of Sitka. "To stake this target at the end of last year and subsequently obtain a drilling permit, procure a drill rig and commence drilling within a handful of weeks is no small feat and speaks volumes to the talents of Sitka's technical and operational teams. This newly identified target at Alpha has the potential to host a Carlin-type gold deposit at an attractive depth, and we are very much looking forward to the results from this drill program."

About the Alpha gold project

Sitka Gold has acquired a 100-per-cent interest in the Alpha gold project, located along the southeastern projection of the prolific Cortez gold trend in Eureka county, approximately 135 kilometres southwest of Elko, Nev. The property comprises two claim blocks, totalling 77 lode claims, covering an area of approximately 1,540 acres (623 hectares) and is accessible through a dirt road approximately two kilometres west of Nevada State Route 278.

The property was initially staked after the location was recognized as the intersection of the regional-scale Pine Valley anticline with northeasterly fold trends exposed in the Roberts Mountains. Of primary importance at the Alpha gold project is that the rocks have been down-dropped significantly by late extensional faulting. Prior to extension and during the critical 36-million-to-42-million-year-ago Carlin-type mineralization event, the fold crest at the Alpha gold project would have been a regional high point among nearby mountain ranges. Well-exposed, lower-plate windows near the Alpha gold project have been extensively explored for Carlin-type gold deposits, with a number of deposits found along the limbs.

About Sitka Gold Corp.

Sitka Gold is a mineral exploration company headquartered in Canada and managed by a team of experienced mining-industry professionals. The company is focused on exploring for economically viable mineral deposits, with its primary emphasis on gold, silver and copper properties of merit. Sitka currently has an option to acquire a 100-per-cent interest in the RC, Barney Ridge, Clear Creek and OGI properties in Yukon, as well as the Burro Creek gold property in Arizona. Sitka owns a 100-per-cent interest in its Alpha gold property in Nevada, its Mahtin gold property in Yukon and its Coppermine River project in Nunavut. Directors and management own approximately 15 per cent of the outstanding shares of Sitka, a solid indication of their alignment with shareholders' interests.

The scientific and technical content of this news release has been reviewed and approved by Cor Coe, PGeo, director and chief executive officer of the company, a qualified person as defined by National Instrument 43-101.

We seek Safe Harbor.

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