Sitka Gold, through its wholly owned subsidiary Arctic Copper Corp., holds over 50,000 hectares of mining claims in the Coppermine River area in Nunavut that exhibit exceptional potential to host economic grades of copper and silver mineralization. The project has both sediment-hosted and volcanic-hosted copper targets.

After staking the project in 2015, a first phase exploration program was completed which was comprised of prospecting, geological mapping and a gravity geophysical ground survey. Prospecting during the exploration program culminated in the discovery of a new sediment-hosted copper showing (the ‘Copper Leaf’ showing) and a coincident gravity anomaly over the mineralized area. The Copper Leaf showing is comprised of disseminated plus massive chalcocite and malachite mineralization within the Husky Creek sandstones. Grab samples were taken from several mineralized occurrences within the sandstone unit while prospecting the Gabbro-Sediment contact along a 2km stretch extending southward from the Copper Leaf showing. Copper and silver assays from these samples returned values as high as 13.45% Cu and 65 g/t Ag. This bodes well for the discovery of large sediment hosted copper deposits in this area, given that this dike-sediment contact extends for more than 12km through the Company’s mining claims. The Company is in receipt of a technical report by Scott Close, P.Geo., dated Dec. 15, 2015  on its Coppermine River Project that includes the most recent results of the 2015 exploration program.

High-grade volcanic-hosted copper has also been observed at Coppermine with surface rock grab samples running up to 41.45% Cu at the WIN Copper Showing located approximately 40 km to the northeast of the Copperleaf Showing (see Figure 1).

The company is planning to conduct additional exploration work at Coppermine during the 2021 field season.