The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
First two holes have cut significant gold grades at RC Gold North of 60 Mining News – June 9, 2023
Sitka Gold Corp. June 6 announced the assay results for the second hole drilled during the company's planned 10,000-meter drill program expanding on its RC Gold project in the prolific Tombstone Gold Belt in Canada's Yukon.
Consisting of a 376-square-kilometer contiguous district-scale land package, RC Gold is located near the newly road-accessible Clear Creek, Big Creek, and Sprague Creek districts in the heart of Yukon's Tombstone Gold Belt.
Approximately 100 kilometers (60 miles) east of Dawson City, the project is connected via a secondary gravel road from the Klondike Highway, clocking in at a roughly two-hour drive from Dawson.
Strategically positioned midway between Victoria Gold's Eagle Gold Mine and Sabre Gold Mine's Brewery Creek Gold Mine, RC Gold comprises five underlying properties – RC, Bee Bop, Mahtin, Clear Creek, and Barney Ridge.
According to a calculation announced in January, RC Gold hosts 61.1 million metric tons of inferred pit-constrained resource averaging 0.68 grams per metric ton (1.34 million ounces) gold at 0.25 g/t cutoff grade. Split between its Blackjack and Eiger properties, Blackjack hosts 33.7 million metric tons averaging 0.83 g/t (900,000 oz) gold; while Eiger hosts 27.3 million metric tons averaging 0.5 g/t (440,000 oz) gold.
"Step out drilling continues to demonstrate the significant expansion potential at our Blackjack gold deposit with Hole 42 further extending gold mineralization below Hole 41," said Sitka Gold CEO Cor Coe.
The excitement surrounding the hole-to-hole assay announcements continues to reflect the impressive mineralization of RC Gold.
You can read about Sitka Gold's first hole of the season at First 2023 Sitka Gold hole hits paydirt in the May 26, 2023 edition of North of 60 Mining News.
Similar to hole 41, DDRCCC-23-042 cut higher grades that will add to the 1.34-million-oz project Sitka Gold has at hand.
Collared 215 meters from Blackjack's Discovery Hole 21, this hole was designed to test for an extension of higher-grade gold mineralization at depth and southeast of drill holes 025, 038, and beneath 041.
Hole 42 cut 215.1 meters averaging 1 g/t from a depth of 273.7 meters, including a 2.35-meter high-grade subsection averaging 17.63 g/t gold.
Sitka states that intervals are drilled core lengths, as drilling is currently insufficient to determine true widths.
"This season is focused on further delineation of this major gold system with the objective of adding ounces to both the Blackjack and Eiger deposits while investigating the potential to link these deposits together through the 1.5-kilometer mineralized corridor and across the Saddle zone," added Coe.
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