Sitka Gold Corp. (SIG:CSE; SITKF:OTCQB; 1RF:FSE) announced in a news release it commenced drilling at its Alpha project in Nevada's Cortez Trend. The project is located approximately 40 km southeast of the Barrick/Newmont Cortez gold mine complex.
This new phase of drilling, to cover at least 1,500 meters, will follow up recent results of two holes, AG21-02 and AG21-03. The company noted that these "two discovery holes intersected long intervals of anomalous gold coincident with very strong pathfinder elements known to be associated with Carlin-type gold deposits."
As such, in the newly identified structural trend to the southeast of this pair of holes, Sitka will drill test targets it delineated from previous drill results and recent surface reconnaissance and deems most likely to host high-grade core.
"This is a very exciting chapter for Alpha Gold. Our data driven, systematic approach to exploration at Alpha has advanced the Project from what began as a conceptual model with no previous drilling to the discovery of a Carlin-type gold system at a minable depth within the Project area," Sitka Director and CEO Cor Coe stated in the release.
"Results from our last two drill holes indicate that we are on the fringe of this system, and we are now focused on discovering where the high-grade zones are. Alpha Gold continues to show it has the potential to host one or more Carlin-type gold deposits," Coe stated, adding, "We are very much looking forward to this phase of drilling as we aim to make the next big gold discovery on the Cortez Trend."
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