Vancouver, Canada – March 22nd, 2018: Sitka Gold Corp. (CSE: SIG) (the “Company” or “Sitka”) is pleased to announce that it has increased its land holdings for the Adobe Gold Property (the “Property”) by 140% for a total of 3,374 contiguous acres. The Company recently staked an additional 114 claims to cover other prospective geochemical targets.
The Adobe Gold Property, located in northern Nevada, hosts a previously unrecognized Carlin-type gold play where geological mapping has revealed intersecting folds and good structural preparation within favourable stratigraphy, key features that are found at most of the gold mines in the Carlin district. Geochemical surveys have also revealed anomalies of gold, mercury, arsenic, and thallium, which are common pathfinder elements for Carlin-type gold mineralization. Compilation and interpretation of the data have identified structurally-controlled areas where anomalous pathfinder minerals and gold assay results have defined three target areas to be drill tested.
The Company will be mobilizing a geophysical crew to site in the coming weeks as field conditions improve with continued good weather. The geophysical survey will assist in refining drill targets in advance of drilling, which is anticipated to start in late April to early May.
The technical content of this news release has been reviewed and approved by Donald Penner, P.Geo, Director and President for the Company, and a qualified person as defined by National Instrument 43-101.
About Sitka Gold Corp.
Sitka Gold Corp. is a mineral exploration company headquartered in Canada and managed by a team of experienced mining industry professionals. The Company is focused on exploring for economically viable mineral deposits with its primary emphasis on gold and copper mineral properties of merit. Sitka currently has an option to acquire a 100% interest in the Adobe gold property in Nevada and owns a 100% interest in its Coppermine River project in Nunavut and the Alpha Gold Property in Nevada.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
“Donald Penner”
President and Director
For more information contact:
Donald Penner
President & Director
dpenner@sitkagoldcorp.com
or
Cor Coe
CEO & Director
ccoe@sitkagoldcorp.com
Cautionary Statements Regarding Forward Looking Information
Certain statements included herein may constitute “forward-looking statements”. All statements included in this press release that address future events, conditions or results, including in connection with exploration activity, future acquisitions and any financing, are forward-looking statements. These forward-looking statements can be identified by the use of words such as “may”, “must”, “plan”, “believe”, “expect”, “estimate”, “think”, “continue”, “should”, “will”, “could”, “intend”, “anticipate” or “future” or the negative forms thereof or similar variations. These forward-looking statements are based on certain assumptions and analyses made by management in light of their experiences and their perception of historical trends, current conditions and expected future developments, as well as other factors they believe are appropriate in the circumstances. These statements are subject to risks, uncertainties and assumptions, including those mentioned in the Company’s continuous disclosure documents, which can be found under its profile on SEDAR (www.sedar.com). Many of such risks and uncertainties are outside the control of the Company and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In making such forward-looking statements, management has relied upon a number of material factors and assumptions, on the basis of currently available information, for which there is no insurance that such information will prove accurate. All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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