The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News – March 1, 2024
Stika's Blackjack deposit hosts 33.7 million metric tons of inferred resource averaging 0.83 g/t gold; and the nearby Eiger deposit hosts 27.4 million metric tons averaging 0.5 g/t gold.
Map of 2023 drilling highlights at Blackjack, DDRCCC-23-047 was regarded as the best hole ever yet drilled at the property and is well outside the known resource margin.
Sitka Gold Corp. Feb. 27 announced the mobilization of equipment at crew in preparation for its planned 15,000-meter winter drilling campaign at the company's flagship RC Gold project in Yukon, Canada.
"After the success of 2023, we are very excited to be back at RC Gold to kick-start 2024 exploration activities," said Sitka Gold CEO Cor Coe.
Located within the central region of Canada's Yukon Territory, in the prolific Tombstone Gold Belt, the RC Gold project is roughly midway between Victoria Gold Corp.'s Eagle Gold mine and Brewery Creek gold mine project.
At approximately 37,700 hectares (93,000 acres), this highly fertile and largely underexplored land package is situated about 100 kilometers (62 miles) east of Dawson City, at the headwaters of Clear Creek and Big Creek, a major placer mining district that is serviced by a network of gravel roads and trails.
Last year, Sitka announced an initial inferred mineral resource estimate for two targets at its RC Gold project. According to the calculation, its flagship Blackjack hosts 33.7 million metric tons averaging 0.83 grams per metric ton (900,000 ounces) gold at a cutoff grade of 0.25 g/t gold; while Eiger hosts 27.4 million metric tons averaging 0.5 g/t (440,000 oz) gold at the same cutoff.
Combined, the initial inferred resource amounts to roughly 1.34 million oz gold.
"With year-round road access to the project, we can get an early start this year on further advancing the discoveries at RC Gold with the first drill holes of the year designed to follow-up on the exceptional grades we encountered at the southern extent of our Blackjack zone," said Coe.
Map of 2023 drilling highlights at Blackjack, DDRCCC-23-047 was regarded as the best hole ever yet drilled at the property and is well outside the known resource margin.
Completing a 16-hole expansion drill program that came out to around 6,515 meters drilled, last year provided the best intercept drilled to date on the property – 219 meters averaging 1.34 g/t gold in hole DDRCCC-23-047 – which ultimately expanded the known mineralization of the southern extent of the current resource area.
It's this result that has Sitka hyped for the year.
"Drilling is anticipated to commence in the coming days as we look to extend this higher-grade gold zone to the southeast of the current deposit," said the gold explorer CEO.
In total, up to 15,000 meters of drilling is planned at RC Gold for 2024, which it hopes to do over the winter and summer drilling campaigns. Its key objectives so far will be to further expand and define the well-endowed Clear Creek Intrusive Complex area that currently hosts the Blackjack and Eiger deposits, both of which remain open in all directions, and advance the drill-ready targets elsewhere within its district-scale property.
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