Visible Gold Encountered At East of Blackjack Deposit

VANCOUVER - Sitka Gold Corp. has encountered widespread mineralization, including visible gold, in large step-out drilling at its road accessible RC Gold Project located in Yukon’s Tombstone Gold Belt. Mineralization, including visible gold in DDRCCC-23-053, has been encountered approximately 450 metres east, 300 metres north and 130 metres south of the margins of the existing gold resource outlined at the Blackjack gold deposit which hosts 900,000 ounces of gold at 0.83 g/t gold(1) and remains open in all directions.

Visible gold and strong arsenopyrite in quartz veins encountered within drill hole (DDRCCC-23-053 or “Hole 53”) at the Saddle zone. Hole 53 represents a 450 m step-out from the eastern margin of the current Blackjack gold resource outline. Arsenopyrite mineralization was noted over the entire 452 metre length of the hole. Quartz-arsenopyrite veining is often associated with elevated levels of gold mineralization at the Blackjack deposit where metallurgical testing has shown that the gold is not refractory and is potentially amenable to heap leaching with recoveries of up to 94%.

Step-out drilling to test the northern extension of the Saddle intrusion intersected sheeted quartz-arsenopyrite veining up to 300 m from the northern extent of the current Blackjack resource (DDRCCC-23-050 to 052). ecently completed mapping and prospecting have further expanded the northern extent of the Saddle intrusion to a minimum of 300 m beyond these drill holes where it becomes obscured by talus cover. Historic surface sampling here has returned up to 4.54 g/t gold. Step-out drilling to test the southern extent of the Saddle intrusion intersected sheeted quartz-arsenopyrite veining within intrusive dykes and metasedimentary rocks 130 m south of the Blackjack resource in DDRCCC-23-048 (“Hole 48”). Current mapping and prospecting have expanded the southern extent of the Saddle intrusion at least 400 metres south of Hole 48 with historical surface sampling in this area returning values up to 8.62 g/t gold. Quartz-arsenopyrite veining in drill holes has now been observed across a 1000 m by 700 m area at Blackjack with mineralization remaining open in all directions.

Prospecting and mapping continue to define and expand mineralized areas located outside of the Blackjack and Eiger resource areas. Drill targets are currently being defined at the Josephine zone where visible gold was recently discovered on surface and where historical surface sampling has returned up to 7.36 g/t gold. The Blackjack deposit remains open in all directions.

“Mineralization, including visible gold, encountered within these large step-outs of up to 450 metres, is very encouraging and further demonstrates the potential to significantly expand our Blackjack deposit”, said Cor Coe, Director and CEO. “In conjunction with recently completed surface sampling, geophysics, mapping and prospecting, it is becoming more and more evident that the Clear Creek Intrusive Complex, which spans for over 5 kilometres and hosts a minimum of 6 intrusions, has the potential to host several intrusion related gold deposits of significant size. Based on the drilling completed to date, quartz-arsenopyrite veining and mineralization associated with the Blackjack zone now appears to cover roughly 1000 metres of the Saddle intrusion. The Saddle zone located to the east of the Blackjack deposit is expanding with this recent drilling and remains open in all directions. While the observations of visible gold and multiple quartz-arsenopyrite veining seen in these step-outs are often good indicators of gold mineralization at Blackjack, we won’t know the extent of mineralization in these drill holes until we have received the assay results. We look forward to receiving the analytical results from these large step-out holes along with other completed holes from this summer’s diamond drill program as we continue to explore this highly prospective area of the RC Gold Project.”