Presence Of Strong Carlin-Type Pathfinder Elements At Alpha Gold Project

VANCOUVER - Sitka Gold Corp. has received multi-element analytical results from recent drilling at its Alpha Gold Project, located along the southeast projection of the prolific Cortez Gold Trend in Eureka County, approximately 135 kilometers southwest of Elko, Nevada. The Company has now received results from the analytical lab on its 63 element Inductively Coupled Plasma Mass Spectrometry (ICP-MS) analysis of the drill hole samples from AG21-02 and AG21-03, which were collared 750 meters apart. These ICP results indicate that the broad anomalous gold zones previously reported in these drill holes are coincident with strong Carlin-type gold deposit pathfinder elements including arsenic, antimony, mercury, and thallium. Peak values include 1590 ppm arsenic, 239 ppm antimony, mercury exceeding the 10 ppm upper detection limit, and 72 ppm thallium. Detailed study of the High Grade Bullion ore zone at Turquoise Ridge (Cassinerio and Muntean, 2011), Nevada concluded that values above 100 ppm arsenic, 5 ppm antimony, 1 ppm mercury, and 5 ppm thallium coincided with visible alteration and the first three formed haloes beyond that ore zone.

Confirmation of strong pathfinder anomalies associated with broad gold zones and intense alteration in these latest drill holes clearly indicates a Carlin-type gold system within the Alpha Gold property. Surface mapping and structural interpretation suggest about 5 km of strike length along two north-northwest structural targets. Continued prospecting along these targets has identified additional strong surface alteration supporting them and an initial suite of surface rock chip samples has been collected. Surface alteration strengthens to the south-southeast on both targets. The company is awaiting permits to conduct further drilling along these targets now interpreted as the most probable locations for the high-grade core zones of this

“The ICP results from AG21-02 and AG21-03 have confirmed that we have a Carlin-type gold system at Alpha Gold”, said, Cor Coe, P.Geo., Director and CEO. “The combination of broad anomalous gold intercepts, alteration and strong, coincident Carlin pathfinder element anomalies underscores this conclusion. We look forward to starting the next phase of drilling and vectoring toward the most probable high-grade core zones of this Carlin-type gold system as soon as we receive additional drill permits.”