16 Targets Identified On Cortez Structural Trend
Sitka Gold Corp. (CSE:SIG) has mobilised a drilling rig to the company’s Alpha Gold Project, located at the southeast end of the Cortez Trend approximately 40km south-east of the Barrick/Newmont Cortez Hills gold mine in Nevada.
The company is permitted for a total of 16 drill sites across the Alpha Gold Project to follow up on updated geological mapping in its search for a buried Carlin-Type gold deposit along the Cortez Structural Trend.
The geological information gained from drill hole AG20-01, completed last summer, enables this second drill hole to be collared much deeper in the stratigraphy, thereby increasing the likelihood of successfully reaching the Webb/Devil’s Gate Formation Lower Plate Limestone contact at a reasonable depth.
CEO and Director of Sitka Gold, Cor Coe, said that furthermore, rock chip and surface geochemistry anomalous in gold and arsenic suggests upward migration of mineralised fluids along local faults, suggesting the presence of a gold system at depth.
Surface geochemistry of up to 1.2 ppm gold and 7000 ppm arsenic shows a crude E-W trend, coincident with an E-W anticline axis in highly oxidised lower plate and basal Antler Foreland rocks
Mr Coe said the target model is potentially analogous to the scenario around Goldrush, in the Cortez District, where gold deposits in shallow unroofed areas tend to be low grade (Horse Canyon), and deeper gold deposits in the same strata in areas that were never unroofed are high grade (Goldrush, Fourmile)
“We are very excited to kick off the 2021 exploration season with follow-up drilling at our Alpha Gold project,” Mr Coe said.
“This next drill hole will be collared much deeper in the stratigraphy and we are expecting to reach the contact zone at a much shallower depth than what was anticipated for AG20-01.
“With last year’s exploration results confirming our geological model and Alpha Gold’s ideal geological setting along the 50-million ounce Cortez Trend, management believes there is excellent potential for the discovery of a new Carlin-type gold deposit.”
