Sitka Gold Corp. (SITKF)
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Sitka Announces $3 Million Private Placement Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESSWIRE / July 23, 2024 / Sitka Gold Corp. ("Sitka" or the "Company") (TSXV:SIG)(FSE:1RF)(OTCQB:SITKF) announces that the Company intends to complete a non-brokered private placement to raise total gross proceeds of up to $3 million (the " Offering "). The Offering will be comprised of a combination of: (i) flow-through units (the " FT Units ") to be sold at a price of $0.22 per FT Unit; and (ii) charity flow-through units of the Company (each, a " Charity FT Unit ") to be sold at a price of $0.25 per Charity FT Unit.
Sitka Announces Expansion of RC Gold Project with Acquisition of Victoria Gold's Clear Creek Property, Yukon
New property acquisition from Victoria Gold completes amalgamation of contiguous district-scale gold camp at RC Gold Project in Yukon Victoria Gold now a significant shareholder with an initial 8% interest in Sitka Gold Adds four high-priority targets for intrusion related gold deposits Historical drill results of up to 20.46 g/t Au over 10.7 metres (Contact), 1.87 g/t Au over 42.6 metres (Bear Paw), 1.03 g/t Au over 67.1 metres (Rhosgobel) and 1.20 g/t Au over 10.0 metres (Pukelman) Newly identified mineralized corridor from Blackjack gold deposit projects over 5 kms through intrusions located on the newly acquired property VANCOUVER, BC / ACCESSWIRE / June 24, 2024 / Sitka Gold Corp. ("Sitka" or the "Company") (TSXV:SIG)(FSE:1RF)(OTCQB:SITKF) announces that the Company has executed a definitive asset purchase agreement (the "Purchase Agreement") with Victoria Gold Corp. (the "Vendor") dated June 24, 2024 in connection with the acquisition (the "Acquisition") of a 100% interest in the Clear Creek property (the "Property"), located adjacent to the Company's RC Gold Project, (see Figures 1 and 2). The Clear Creek Property claims adjoin Sitka Gold's road accessible RC Gold Project ("RC Gold" or the "Project"), located approximately 100 kilometres east of Dawson City, Yukon and cover the southern portion of the Clear Creek Intrusive Complex.
Sitka Resumes Drilling at Its RC Gold Project, Yukon
VANCOUVER, BC / ACCESSWIRE / June 13, 2024 / Sitka Gold Corp. ("Sitka" or the "Company") (TSXV:SIG)(FSE:1RF)(OTCQB:SITKF) is pleased to announce that it has recommenced the previously announced 15,000 metre diamond drilling program (see news release dated March 5, 2024) at its road accessible RC Gold Project ("RC Gold" or "the Project") located in the prolific Tombstone Gold Belt in the Yukon. Sitka successfully completed two diamond drill holes during the winter portion of this year's drilling program to test the continuity of higher-grade gold mineralization south of the Blackjack gold deposit.
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Sitka Gold Corp. Profile
| Metals & Mining Industry | Materials Sector | Mr. Corwin Coe B.Sc., P.Geo. CEO | OTC PINK Exchange | CA8606471065 ISIN |
| CA Country | - Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Sitka Gold Corp. is a mining exploration company founded in 2015, headquartered in Vancouver, Canada. It focuses on discovering and developing precious and base metal deposits within Canada and the United States. The company has positioned itself through strategic project acquisitions in regions known for their rich mineral deposits, making strides in the exploration of gold, silver, zinc, lead, and copper. Sitka Gold Corp.'s operational strategy is centered on exploring and expanding its portfolio of mineral resource properties, with a significant emphasis on gold, leveraging exploration expertise to unveil value for its stakeholders.
Products and Services
- Coppermine River Project (Nunavut, Canada)
This project spans approximately 50,000 hectares and is primarily focused on the exploration of gold, silver, zinc, lead, and copper. Situated in a region known for its mineral-rich grounds, the project underscores Sitka Gold Corp.'s commitment to exploring base and precious metal deposits in strategically selected locations.
- Alpha Gold Property (Eureka County, Nevada, USA)
Comprising 293 claims over approximately 4780 acres, the Alpha Gold Property in Nevada is strategically positioned in one of the most prolific gold-producing regions in the world. This property is primarily explored for gold, emphasizing Sitka’s exploration strength in precious metal markets.
- OGI Property (Dawson City, Yukon, Canada)
The OGI property includes 100 quartz mining claims, underlining the company's interest in gold exploration within the Yukon Territory's renowned mineral-rich environment. These claims showcase Sitka's strategic approach to securing promising exploration grounds in known gold belts.
- RC Gold Property (Yukon, Canada)
Covering an expansive area of approximately 37,600 hectares through 1,891 claims, the RC Gold Property is another significant project in the Yukon. It highlights the company’s exploration capabilities and its focus on gold, situated within an area known for its substantial gold endowments.
- Burro Creek Property (Mohave County, Arizona, USA)
This project comprises approximately 750 hectares, including both patented and surrounding lode mineral claims, illustrating Sitka Gold’s diversification strategy into the United States. The focus on acquiring a 100% interest in this property reaffirms the company's commitment to exploring for gold and silver in highly prospective regions.
- Barney Ridge Property (Dawson City, Yukon, Canada)
Situated to the east of Dawson City, this property reflects Sitka Gold’s strategic positioning within the Yukon's mineral exploration arena. It further underscores the company's commitment to gold exploration within Canada’s prominent gold territories.
- Mahtin Property (Yukon territory, Canada)
With 1447 quartz mining claims, the Mahtin property represents another significant facet of Sitka’s exploration portfolio in the Yukon. The focus on this territory aligns with the company's strategy to tap into the region's potential for significant gold discoveries.
- Clear Creek Gold Property (East of Dawson City, Yukon, Canada)
This property, positioned to the east of Dawson City, is an integral part of Sitka’s exploration efforts in the Yukon. Holding a 100% interest, the company directs its exploration expertise towards uncovering the gold potential of this region, reflective of its focus on gold as a central element of its portfolio.
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