11:15 AM EDT, 10/31/2024 (MT Newswires) -- Sitka Gold ( SITKF ) on Thursday said it sampled up to 67.9 grams per tonne of gold from surface rock samples at the Pukelman intrusive target the RC Project in the Yukon while assay results are pending for recent diamond drilling at the Blackjack, Rosghobel and Pukelman targets.

According to the statement, 1,354 soil samples were collected in the area between the Blackjack and Eiger deposits. The Pukelman intrusion also significantly extends the gold-in-soil anomaly, yielding up to 1.65 g/t gold.

"Sitka's initial drilling at the Pukelman target has yielded highly encouraging visuals, with visible gold observed in both the drill core and on a surface rock sample that returned 67.9 g/t gold, reinforcing the potential of this area to host strong gold mineralization," said chief executive Cor Coe. "Since acquiring the Clear Creek property in June of this year, the company has made impressive advances with the first ever diamond drilling at the Rhosgobel intrusion returning numerous instances of visible gold and the recent completion of two diamond drill holes at the Pukelman intrusion where visible gold has also been observed in the drill core."

The company's shares were last seen down $0.005 to $0.44 on the TSX Venture Exchange.

Price: 0.43, Change: -0.01, Percent Change: -2.27