Silver North Resources Ltd. press release

Sitka Drills 85.0 Metres of 1.12 Grams per Tonne Gold and Reviews 2024 Highlights at the RC Gold Project in Yukon

2025-01-07

TSXV - TSX Venture Exchange · Silver · Gold · Lead · Zinc · Copper · Canada

Vancouver, British Columbia--(Newsfile Corp. - January 7, 2025) - Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) ("Sitka" or the "Company") is pleased to summarize the highly successful 2024 exploration season and announce final results from the 2024 diamond drilling program conducted at its road accessible, 431 square kilometre RC Gold Project ("RC Gold" or the "Project") located approximately 100 kilometres east of Dawson City in Yukon's prolific Tombstone Gold Belt. The mineralized system at the Blackjack deposit continues to grow well beyond the initial resource announced in January 2023 with the impressive results from the drill campaigns conducted in 2023 and 2024. The Company completed 9,264 metres of drilling this year focused on expanding the Blackjack zone in addition to completing the first ever diamond drilling of the Rhosgobel and Pukelman intrusions with significant gold mineralization intersected in all targeted intrusions. Drill results continue to significantly expand the Blackjack gold deposit area, intersecting strong gold mineralization near surface, at depth, and to the south in holes DDRCCC-24-069 to 072. Initial drilling at the Pukelman intrusion has also returned promising gold values from DDRCCC-24-073 and 074, the first two diamond drill holes completed by Sitka (see Table 2).

Select assay highlights from 2024 diamond drilling at RC Gold:

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_191.0 m of 1.16 g/t gold_from 327 m in DDRCCC-24-057 including_54.6 m of 2.54 g/t gold_from 453.4 m

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_154.0 m of 1.47 g/t gold_from 354.0 m in DDRCCC-24-058 including_37.0 m of 3.07 g/t gold_from 449.0 m

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_290.5 m of 1.10 g/t gold_from 236.0 m in DDRCCC-062 including _105.0 m of 1.68 g/t gold_from 421.6 m

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_99.2 m of 1.01 g/t gold_from 448.5 m in DDRCCC-24-067

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_678.1 m of 1.04 g/t gold_from 4.4 m in DDRCCC-24-068 including _93.0 m of 2.57 g/t gold _from 589.5 m

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_85.0 m of 1.12 g/t gold _from 433 m in DDRCCC-24-072 (this release)

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_119.0 m of 1.05 g/t gold_from 30.0 m in DDRGCC-24-001 including_37.9 m of 2.05 g/t gold_from 98.5 m

"Our work at RC Gold this past year continues to demonstrate the vast potential of this district-scale property to host large, economic gold resources," said Cor Coe, Director and CEO of Sitka Gold. "Results from 2024 have highlighted the persistent and strong gold values present at several targets across this project with numerous occurrences of visible gold observed and several greater than +100 gram-metre intervals intercepted in multiple drill holes across the Blackjack target and in our initial drilling of the Rhosgobel and Pukelman intrusions (see Figure 1 and Table 1). Drilling at RC Gold has now confirmed potential economic grade gold mineralization exists within 4 of the known gold bearing intrusions that have been investigated to date at the Clear Creek Intrusive Complex, namely the Blackjack, Eiger, Rhosgobel and Pukelman targets, showcasing exceptional potential for this gold system to host multiple gold deposits of significant size and grade. Drilling also significantly grew potential tonnage at our Blackjack gold deposit, producing some exceptional results including our best intercept to date from Hole 68 which returned 678.1 metres of 1.04 grams per tonne gold. Blackjack has produced many impressive drill intersections since our discovery there at the end of 2021, including twenty two (22), +100 gram-metre intersections, 13 of which are outside of the initial resource area highlighting the growing size and grade potential of this gold deposit (see Table 3). With a fully funded 30,000 metre drill program planned for 2025, we eagerly look forward to building on the success of the past year as we aim to unlock additional value at RC Gold for our shareholders."

Table 1: Intercepts of over 100 gram-metres from intrusive targets drilled at RC Gold

| Hole ID | From (m) | Interval (m)* | Gold (g/t) | Gram-metres (g-m) | | BLACKJACK ZONE | | | | | | DDRCCC-20-002 | 65.0 | 231.0 | 0.61 | 140.9 | | DDRCCC-21-021 | surface | 220.1 | 1.17 | 257.4 | | Including | 120.0 | 50.5 | 2.08 | | | DDRCCC-22-022 | 46.0 | 273.0 | 0.52 | 142.0 | | Including | 253.0 | 62.0 | 1.21 | | | DDRCCC-22-023 | 4.2 | 205.8 | 1.00 | 205.8 | | Including | 46.0 | 91.0 | 1.61 | | | DDRCCC-22-024 | 4.5 | 107.5 | 1.44 | 154.8 | | Including | 16.0 | 66.0 | 2.11 | | | DDRCCC-22-025 | 19.0 | 349.0 | 0.71 | 247.8 | | DDRCCC-22-030 | 2.8 | 145.2 | 0.91 | 132.1 | | Including | 2.8 | 33.8 | 1.42 | | | DDRCCC-22-038 | 75.0 | 399.5 | 0.64 | 255.7 | | DDRCCC-22-040 | 8.0 | 199.5 | 1.27 | 253.4 | | including | 8.0 | 90.0 | 2.01 | | | DDRCCC-23-041 | 200.0 | 292 | 1.00 | 292.0 | | including | 281.8 | 70.2 | 2.09 | | | DDRCCC-23-042 | 273.7 | 215.1 | 0.99 | 215.1 | | including | 381.5 | 30.7 | 2.19 | | | DDRCCC-23-043 | 4.0 | 449.0 | 0.74 | 332.3 | | DDRCCC-23-044 | 107.2 | 161.8 | 0.71 | 114.9 | | DDRCCC-23-046 | 134.0 | 56.0 | 1.23 | | | and | 326.1 | 4.3 | 33.10 | 142.3 | | including | 327.8 | 1.2 | 108.0 | | | DDRCCC-23-047 | 190.0 | 219.0 | 1.36 | 286.9 | | Including | 233.0 | 126.0 | 2.04 | | | DDRCCC-24-057 | 327.0 | 191.0 | 1.16 | 221.6 | | including | 453.8 | 54.6 | 2.54 | | | including | 459.0 | 11.0 | 5.80 | | | DDRCCC-24-058 | 157.0 | 351.0 | 0.85 | 298.4 | | including | 354.0 | 154.0 | 1.47 | | | including | 449.0 | 37.0 | 3.07 | | | DDRCCC-24-061 | 127.5 | 206.0 | 0.64 | 131.8 | | DDRCCC-24-062 | 236.0 | 290.5 | 1.10 | 319.6 | | including | 421.6 | 105.0 | 1.68 | | | DDRCCC-24-067 | 448.5 | 99.2 | 1.01 | 100.2 | | DDRCCC-24-068 | 4.4 | 678.1 | 1.04 | 705.2 | | including | 589.5 | 93.0 | 2.57 | | | including | 589.5 | 5.5 | 17.60 | | | DDRCCC-24-072 | 19.5 | 170.0 | 0.60 | 102.0 | | including | 24.0 | 9.4 | 1.17 | | | Including | 96.5 | 1.7 | 7.13 | | | and | 433.0 | 85.0 | 1.12 | | | | | | | | | RHOSGOBEL | | | | | | DDRGCC-24-001 | 9.1 | 164.8 | 0.82 | 135.0 | | including | 30.0 | 119.0 | 1.05 | | | including | 98.5 | 37.9 | 2.05 | | | DDRGCC-24-002 | 97.0 | 173.3 | 0.60 | 104.0 | | including | 105.0 | 28.4 | 1.37 | | | including | 167.1 | 17.4 | 1.12 | | | | | | | | | PUKELMAN | | | | | | DDRCCC-24-074 | 53.0 | 343.0 | 0.34 | 117.0 | | including | 98.0 | 9.1 | 1.10 | | | including | 230.0 | 6.0 | 1.09 | | | including | 250.0 | 10.0 | 1.02 | | | including | 336.0 | 8.0 | 1.08 | | | | | | | | | EIGER | | | | | | DDRCCC-20-003 | 5.0 | 297.0 | 0.37 | 110.0 | | DDRCCC-20-004 | 5.9 | 273.1 | 0.41 | 112.0 | | including | 131.9 | 141.1 | 0.61 | | | DDRCCC-21-009 | 76.0 | 359.5 | 0.41 | 147.0 | | including | 76.0 | 72.0 | 0.72 | | | DDRCCC-21-010 | 39.0 | 402.5 | 0.40 | 161.0 | | including | 136.5 | 37.8 | 1.03 | | | | | | | | | SADDLE | | | | | | DDRCCC-23-054 | surface | 84.0 | 1.21 | 102.0 | | including | 37.0 | 51.1 | 1.52 | |

_*Intervals are drilled core length, as insufficient drilling has been undertaken to determine true widths at this time_

Table 2: Summary of significant drill hole results from this release

| Hole | From (m) | To (m) | Length (m) | Au (g/t) | | DDRCCC-24-069 | 122.5 | 126.0 | 3.5 | 1.16 | | and | 146.0 | 148.0 | 2.0 | 5.45 | | DDRCCC-24-070 | 2.3 | 82.9 | 80.6 | 0.93 | | Including | 2.3 | 54.5 | 52.2 | 1.10 | | Including | 53.0 | 54.5 | 1.5 | 4.84 | | And | 80.2 | 82.9 | 2.7 | 3.24 | | DDRCCC-24-071 | 221.4 | 258.9 | 37.6 | 1.56 | | Including | 241.5 | 256.0 | 14.5 | 3.43 | | Including | 241.5 | 243.0 | 1.5 | 9.60 | | And | 254.3 | 256.0 | 1.7 | 17.65 | | And | 491.5 | 601.5 | 110.0 | 0.68 | | Including | 491.5 | 522.0 | 30.5 | 0.71 | | Including | 519.0 | 522.0 | 3.0 | 3.72 | | And | 570.0 | 601.5 | 31.5 | 1.46 | | Including | 588.5 | 591.0 | 2.5 | 5.02 | | DDRCCC-24-072 | 13.5 | 724.0 | 710.5 | 0.51 | | Including | 19.5 | 189.5 | 170.0 | 0.60 | | Including | 24.0 | 33.4 | 9.4 | 1.17 | | Including | 96.5 | 98.2 | 1.7 | 7.13 | | Including | 164.0 | 165.3 | 1.3 | 14.30 | | Including | 175.0 | 194.0 | 19.0 | 1.15 | | Including | 180.5 | 186.5 | 6.0 | 2.77 | | Including | 314.7 | 337.0 | 22.3 | 1.04 | | Including | 379.3 | 386.4 | 7.1 | 1.47 | | Including | 433.0 | 518.0 | 85.0 | 1.12 | | Including | 539.7 | 542.0 | 2.3 | 6.79 | | Including | 636.5 | 643.7 | 7.2 | 2.96 | | Including | 637.6 | 638.8 | 1.2 | 14.10 | | Including | 677.8 | 699.5 | 21.7 | 0.92 | | Including | 677.8 | 679.0 | 1.2 | 7.77 | | Including | 716.9 | 724.0 | 7.1 | 1.09 | | DDRCCC-24-073 | 42.0 | 88.0 | 46.0 | 0.51 | | Including | 48.0 | 59.7 | 11.7 | 1.04 | | Including | 50.0 | 50.9 | 0.9 | 3.96 | | Including | 58.5 | 59.7 | 1.2 | 3.39 | | And | 345.0 | 362.0 | 17.0 | 1.07 | | Including | 351.9 | 354.1 | 2.1 | 3.00 | | DDRCCC-24-074 | 98.0 | 141.7 | 43.8 | 0.50 | | Including | 98.0 | 107.0 | 9.1 | 1.10 | | And | 230.0 | 260.0 | 30.0 | 0.65 | | Including | 230.0 | 236.0 | 6.0 | 1.09 | | And | 250.0 | 260.0 | 10.0 | 1.02 | | And | 278.0 | 279.5 | 1.5 | 3.79 | | And | 321.0 | 390.0 | 69.0 | 0.50 | | Including | 336.0 | 344.0 | 8.0 | 1.08 | | And | 388.0 | 390.0 | 2.0 | 3.18 |

_*Intervals are drilled core length as insufficient drilling has been completed at this time to calculate true widths. Totals may not sum precisely due to rounding._

[](https://images.newsfilecorp.com/files/6144/236266_24189f919499e864_001full.jpg)

Figure 1:Examples of instances of visible gold observed from various intrusive targets that were drilled in 2024. Visible gold was observed in numerous drill holes completed this past year at the Blackjack zone, from near surface to a depth of 679.8 m, and in the first ever diamond drill holes at the Rhosgobel and Pukelman intrusions located approximately 5 km south and 2.5 km southeast respectively from the Blackjack deposit, demonstrating the scale and robust nature of gold mineralization present at the Clear Creek Intrusive Complex.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6144/236266_24189f919499e864_001full.jpg

2024 Exploration Drilling Highlights Blackjack Zone Drilling in 2024 was successful in expanding the limits of the Blackjack zone beyond the initial resource area of the Blackjack deposit. The drilling in 2024 expanded the gold mineralization at the Blackjack zone approximately 250 m to the south-east, and over 200 m down dip from the current resource demonstrating the robust nature of the Blackjack Zone. Drilling in 2024 also produced several of the highest grade intersections into the Blackjack zone, including Hole 68 that intersected 678.1 m of 1.04 g/t goldincluding a 93.0 m interval of 2.57 g/t goldstarting at 589.5 m depth. Deep high-grade mineralization in Hole 57, including an interval of 11.0 m of 5.80 g/t goldwithin 89.0 m of 2.03 g/t goldstarting at 419.0 m, was another highlight from this year's drilling. Two drill holes were completed to over 700 m depth in 2024 and indicate a higher-grade mineralized conduit within a broader mineralized corridor persists to depth. Additional drilling at depth is needed to more precisely model the shape and angle that the high-grade mineralization follows and target the source of the Blackjack mineralized system. Drilling also focused on expanding the zone to the south-east following the trend of the intrusion. Hole 67 intersected mineralization over its entire length including 99.2 m of 1.10 g/t goldwhile hole DDRCCC-24-071 has intersected 37.6 m of 1.56 g/t goldincluding subintervals of 14.5 m of 3.43 g/t gold and 1.7 m of 17.65 g/t gold, and an additional intersection of 110.0 m of 0.68 g/t goldincluding 31.5 m of 1.46 g/t goldwith a high-grade subinterval of 2.5 m of 5.02 g/t gold. The zone remains strong to the south-east and additional drilling will be conducted to define the mineralization in this direction. Additional drilling is also required to the north-east where mineralization remains open towards the Saddle zone located 450 m beyond the Blackjack resource, where drilling in 2023 intersected 84.0 m of 1.21 g/t goldin Hole 54. Drilling to date at Blackjack has produced twenty two (22), +100 gram-metre drill hole intersections, 13 of which are outside of the initial resource area highlighting the growing size and grade potential of this gold deposit.

Table 3: +100 gram-metre intersections from diamond drilling at the Blackjack Zone

| 9 Drill Holes Included in Initial Resource Estimate | | 13 Drill Holes Not Included in Initial Resource Estimate | | | | | | | | | | | | | | | | | | | | | | Hole ID | From (m) | Interval (m)* | Gold (g/t) | Gram-metres (g-m) | | Hole ID | From (m) | Interval (m)* | Gold (g/t) | Gram-metres (g-m) | | DDRCCC-20-002 | 65 | 231 | 0.61 | 140.9 | | DDRCCC-23-041 | 200 | 292 | 1 | 292 | | DDRCCC-21-021 | surface | 220 | 1.17 | 257.4 | | including | 234 | 75 | 2.05 | | | Including | 120 | 50.5 | 2.08 | | | DDRCCC-23-042 | 273.7 | 215.1 | 1 | 215.1 | | DDRCCC-22-022 | 46 | 273 | 0.52 | 142 | | including | 381.5 | 30.7 | 2.19 | | | Including | 253 | 62 | 1.21 | | | DDRCCC-23-043 | 4 | 449 | 0.74 | 332.3 | | DDRCCC-22-023 | surface | 205.8 | 1.01 | 207.9 | | DDRCCC-23-044 | 107.2 | 161.8 | 0.71 | 114.9 | | Including | 46 | 91 | 1.61 | | | DDRCCC-23-046 | 134 | 56 | 1.23 | | | DDRCCC-22-024 | 4.5 | 107.5 | 1.44 | 154.8 | | and | 326.1 | 4.3 | 33.1 | 142.3 | | Including | 16 | 66 | 2.11 | | | including | 327.8 | 1.2 | 108 | | | DDRCCC-22-025 | 19 | 349 | 0.71 | 247.8 | | DDRCCC-23-047 | 190 | 219 | 1.31 | 286.9 | | DDRCCC-22-030 | surface | 146.6 | 0.9 | 131.9 | | Including | 233 | 124.8 | 2.01 | | | Including | surface | 33.8 | 1.42 | | | DDRCCC-24-057 | 327 | 191 | 1.16 | 221.6 | | DDRCCC-22-038 | 73 | 401.5 | 0.63 | 252.9 | | including | 419 | 89 | 2.03 | | | DDRCCC-22-040 | 8 | 201 | 1.26 | 253.3 | | including | 459 | 11 | 5.8 | | | including | 8 | 90 | 2.04 | | | DDRCCC-24-058 | 157 | 351 | 0.85 | 298.4 | | | | | | | | DDRCCC-24-061 | 127.5 | 206 | 0.64 | 131.8 | | | | | | | | DDRCCC-24-062 | 236 | 290.5 | 1.1 | 319.6 | | | | | | | | including | 421.6 | 105 | 1.68 | | | | | | | | | DDRCCC-24-067 | 448.5 | 99.2 | 1.01 | 100.2 | | | | | | | | DDRCCC-24-068 | 4.4 | 678.1 | 1.04 | 705.2 | | | | | | | | including | 589.5 | 93 | 2.57 | | | | | | | | | including | 589.5 | 5.5 | 17.6 | | | | | | | | | DDRCCC-24-072 | 19.5 | 170 | 0.60 | 102 | | | | | | | | including | 24 | 9.4 | 1.17 | | | | | | | | | Including | 96.5 | 1.7 | 7.13 | | | | | | | | | and | 433 | 85 | 1.12 | |

_*Intervals are drilled core length, as insufficient drilling has been undertaken to determine true widths at this time_

Rhosgobel Intrusion The first two diamond drill holes drilled at the Rhosgobel intrusion both produced > +100 g-m intersections confirming the potential for another reduced intrusion related-gold deposit at RC Gold. Historical shallow reverse circulation drilling conducted in the 1990's identified widespread gold mineralization at the Rhosgobel intrusion (see news release dated November 25, 2024) while these two diamond drill holes demonstrated the mineralization persists to depths of at least 300 m (see news release dated November 25, 2024). Drill holes DDRCRG-24-001 and 002 intersected 164.8 metres of 0.82 g/t goldfrom 9.0 m with a subinterval of 11.5 m of 4.32 g/t gold, and 173.3 m of 0.60 g/t goldfrom 97.0 m with a subinterval of 12.4 m grading 2.43 g/t goldrespectively. The gold mineralization at Rhosgobel is hosted in sheeted quartz and quartz tourmaline veins cutting the feldspar megacrystic quartz monzonite intrusion that is a similar composition to the intrusion which hosts the Blackjack deposit located 5 kilometres to the north. Diamond drilling producing oriented drill core has provided Sitka with valuable information on the controls and orientation of gold mineralization and structures in this new discovery confirming the geological model developed from exploration within other areas of the Clear Creek Intrusive Complex. The next phase of drilling will test the model that indicates a large east-west trending mineralized zone as indicated by the current diamond drill results, the 1.5 by 2.0 kilometre gold-in-soil anomaly with values up to 500 ppb gold (see news release dated November 25, 2024), historical shallow reverse circulation drilling, and recent geological mapping and sampling results.

Pukelman Intrusion The final two drill holes of 2024 targeted the Pukelman intrusion which previously had only two shallow reverse circulation drill holes completed in 1992. The first two diamond drill holes in this intrusion both intersected widespread gold mineralization with DDRCCC24-074 returning343.0 m grading 0.34 g/t goldincluding three subintervals which returned 43.8 m of 0.50 g/t gold, 30.0 m of 0.65 g/t gold and 69.0 m of 0.50 g/t gold and DDRCCC24-073 returning 154.0 m grading 0.31 g/t gold from 18.0 m including46.0 m of 0.51 g/t gold and also17.0 m of 1.07 g/t gold from 345 m (see Figure 8).The Pukelman intrusion is exposed over approximately 1.2 by 0.6 km and the drilling was completed on the margin of a 1.6 x 1.2 km gold-in-soil anomaly where existing road infrastructure allowed late season access (see Figure 9). The drilling intersected abundant sheeted quartz veining within feldspar megacrysitc quartz monzonite of similar composition to the intrusion hosting the Blackjack deposit and the Rhosgobel discovery located approximately 2 km north and 3 km south respectively. Oriented diamond drill core confirmed Sitka's geological modelling of controls on mineralization and have provided valuable information for additional drilling that will vector to the higher grade areas of the intrusion as indicated by the soil geochemistry, geological mapping and surface sampling.

Historically exploration near the Pukelman intrusion focused just beyond the southern boundary of the exposed intrusion approximately 500 m south of the current drilling in the "Contact zone". Historical drilling in the Contact zone returned values up to 20.46 g/t gold over 10.7 m and 1.20 g/t gold over 43.4 m within sheeted veining hosted in metasediments and intrusive dykes. The discovery holes drilled within the Pukelman intrusion in 2024 along with historical drilling in the Contact zone outside of the intrusion and the expanded gold-in-soil geochemical anomaly underlying the area present a large target for the potential discovery of additional economic resources.

Click HEREfor a table of all significant assay results from 2024 drill holes completed at RC Gold.

[](https://images.newsfilecorp.com/files/6144/236266_24189f919499e864_002full.jpg)

Figure 2: Plan map showing multiple priority target areas across the recently consolidated Clear Creek Intrusive Complex with gold in soil geochemistry. Drilling in 2024 focused on testing multiple targets including resource expansion at Blackjack and the first diamond drilling of the Rhosgobel and Pukelman intrusions within this large mineralized system. All of the areas tested in 2024 intersected +100 g-m gold in drill holes indicating potentially economic reduced intrusion-related gold mineralization.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6144/236266_24189f919499e864_002full.jpg

2024 Regional Exploration Highlights Sitka completed regional exploration on targets outside of the Clear Creek Intrusive Complex with a team of geologists from Sitka and Archer Cathro, a highly experienced Yukon based consulting company. Regional work was directed at assessing the potential of other known reduced intrusion related gold systems within the 431 square kilometre land package comprising the RC Gold Project. Geological mapping, rock and soil sampling were conducted and the potential of the May-Qu, Mahtin and Alp target areas to host potential economic deposits were enhanced. A zone of intrusion hosted sheeted quartz veins was expanded to over 400 m wide in the May-Qu target area with results from grab sampling returning trace to 31.7 g/t gold. The Mahtin target produced grab samples samples from trace to 11.05 g/t goldin calc-silicate skarn peripheral to the intrusion and soil geochemistry in the Alp target identified and area 850 m in length anomalous in gold, arsenic, bismuth and tellurium suggesting an as yet undiscovered, buried Tombstone Suite intrusion (see news release dated December 2, 2024).