The RC gold project in Yukon. Photo Credit: Sitka Gold,
Canadian explorer Sitka Gold (TSXV: SIG) said assay results from drilling at its RC gold project in Yukon suggest the deposit could contain significant tonnage at greater depths than first thought.
Hole 76 in the project’s Blackjack zone returned 94 metres grading 1.15 grams gold per tonne from 437 metres downhole, including 12.2 metres of 4.55 grams gold, Sitka said Thursday in a statement. A separate interval cut 25 metres of 5.04 grams gold from 591 metres downhole, including 1.8 metres of 54.7 grams within 86.4 metres of 1.65 grams gold.
The results come about four months after Sitka more than doubled the gold resource for Blackjack. Resources in the indicated category at Blackjack are now estimated at 1.29 million oz. at a grade of 1.01 grams from nearly 40 million tonnes.
While the results seem promising, investors may have been…
