The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News - May 23, 2024
RC Gold is situated about in Yukon's Tombstone Gold Belt, roughly midway between Victoria Gold 's Eagle mine and Brewery Creek project.
Sitka Gold Corp. May 23 reported the second hole drilled during its short winter drill program returned a significant gold intercept just south of the current Blackjack deposit, results that continue to highlight the potential of this area to add higher-grade tonnage to the RC Gold project in Yukon, Canada.
The latest results are from hole DDRCCC-24-058, which cut 154 meters averaging 1.47 grams per metric ton gold. confirming persistent gold mineralization continues 200 meters downdip of the 219 meters of 1.34 g/t gold encountered in DRCCC-23-047.
Announcing the first hole back in early May, hole 57 returned 191 meters averaging 1.16 grams per metric ton gold, confirming the high-grade mineralization discovered the year prior.
When combined with DDRCCC-24-057, which cut 191 meters averaging 1.16 g/t, the winter drilling substantially enhanced Sitka's understanding of the structural controls of the gold mineralization at Blackjack.
"The strong gold results from Hole 58 continue to highlight the potential of this area to add significant higher-grade tonnage to our gold resource while further demonstrating the prospectivity of the multiple intrusion related gold deposit targets we have across our 100% owned, district-scale RC Gold Project'', said Sitka Gold CEO Cor Coe. "The information from Hole 58 has also provided key insight into the three-dimensional continuity of the robust gold mineralization and associated structural controls in this recently discovered, higher-grade zone of the Saddle intrusion."
The higher-grade gold intervals identified in these holes form a large volume of well mineralized rock that define a south-southeast trending corridor, now called the Blackjack Mineralized Corridor, that is coincident with the Blackjack Fault, a previously identified feature which is interpreted to have been important in the emplacement of the Saddle Stock and subsequent gold mineralizing episodes.
"The Blackjack Fault, which was previously unknown prior to our diamond drilling campaigns, appears to be an important control to the mineralization being discovered here with both this fault and the associated gold mineralization trending in the same direction to the south of our current extent of drilling," added Coe. "What has us really excited is that this mineralized corridor, which projects to surface and to depth, traces south of our resource, through a highly prospective area that has remained largely unexplored to date, and on towards additional intrusions that have similar geological characteristics to the Saddle intrusion."
When placed in a district context, the results of the recent drilling further demonstrate the potential of significant gold mineralization in the Blackjack deposit to continue to the southeast. The area between the known southern extent of the Saddle Stock and the West Pukelman Stock is of particular interest as it is essentially unexplored.
Sitka says that soil sampling has been one of the key identifiers of gold mineralization in the Clear Creek intrusive complex area. However, there has been virtually no soil sampling in the area between Saddle, the West Pukelman, and the western margin of the Pukelman Stock.
"This updated geological model has highlighted an area of approximately one kilometer in length along strike to the south of our resource as a high-priority target that could extend the higher-grade gold zone discovered at Blackjack significantly," the Sitka CEO added. "This area, along with the Saddle Zone target area, which remains largely untested by drilling and contains the largest and strongest gold-in-soil anomaly on the property, will be the primary focus of our exploration efforts this season."
Aside from extending Blackjack mineralization to the southeast, additional objectives for the 2024 season will include further drilling of the Saddle East zone, Eiger deposit, and Josephine Stock, as well as further investigations of the nine known intrusions with associated gold mineralization that have been discovered to date on the property.
"The higher-grade gold values being discovered near our Blackjack gold deposit are quite remarkable for a reduced intrusion related gold system and the results from Hole 58 further support our view that there is incredible potential for additional discoveries of similar calibre across our largely underexplored land package, where nine known intrusions with associated gold mineralization have been discovered to date," Coe continued. "With the summer phase of drilling about to commence and the largest drilling campaign planned to date at RC Gold, with up to 15,000 meters diamond drilling proposed, we look forward to further unlocking this potential while we continue to expand our rapidly growing gold resource."
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