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Sitka Gold - SITKF STOCK NEWS

Welcome to our dedicated page for Sitka Gold news (Ticker: SITKF), a resource for investors and traders seeking the latest updates and insights on Sitka Gold stock.

Overview of Sitka Gold Corp

Sitka Gold Corp is a well-funded Canadian mineral exploration company dedicated to uncovering economically viable deposits, with a primary focus on gold, alongside exploration ventures in silver and copper. Headquartered in Canada, the company has established a reputation for employing state-of-the-art exploration techniques and robust technical processes in its flagship RC Gold Project located within the strategically significant Tombstone Gold Belt in the Yukon Territory. The company differentiates itself through its extensive drilling programs, advanced geological mapping, and systematic soil sampling methodologies, all of which underpin its expertise in recognizing and developing intrusion-related gold systems.

The RC Gold Project

At the core of Sitka Gold's portfolio is the 431-square-kilometre RC Gold Project. This expansive, contiguous land package is accessible year-round and is situated in one of the most prolific gold districts. The project area is defined by its favorable geology, which includes multiple gold-bearing intrusions such as the Blackjack deposit, and is characterized by open and scalable mineralized corridors. The project is being systematically advanced through an integrated exploration approach that includes:

  • Diamond Drilling Programs: High-grade diamond drilling is used to delineate the extent of gold mineralization, with rigorous sampling protocols ensuring reliable, reproducible results.
  • Geological Mapping and Soil Sampling: Detailed mapping and geochemical surveys help pinpoint anomalies, supporting the identification of potential new targets.
  • Technical Assessments: All exploration results are evaluated under strict NI 43-101 compliant methodologies, ensuring the company's technical reports are both authoritative and credible.

Technical Excellence and Industry Expertise

Sitka Gold demonstrates its market competence with a management team of seasoned industry professionals. Their expertise in mineral exploration is reflected in their methodical approach to resource expansion and evaluation. With significant drilling campaigns that have expanded the known mineralized zones, the company employs advanced geostatistical and geological modeling to validate its exploration hypotheses. Key industry-specific terms such as inferred resource, open pit minable, and heap leach are indicative of the deep technical understanding that informs every aspect of Sitka Gold’s exploration strategy.

Market Position and Competitive Differentiation

Positioned within a highly regarded gold district, Sitka Gold benefits from both a solid resource base and a well-defined exploration strategy. The company’s proactive approach to exploration, backed by substantial funding and no debt, enables it to rapidly follow up on high-priority targets while remaining flexible in its operational planning. This balanced approach, coupled with rigorous quality assurance protocols in sample collection and processing, helps establish the company’s authority and trustworthiness in the competitive landscape of mineral exploration.

Commitment to Transparency and Long-Term Value

The information presented by Sitka Gold is built on a foundation of transparency and technical depth. The company emphasizes clear communication of its exploration objectives and technical updates without providing speculative financial advice. With its focus on evergreen content, the detailed exploration narratives, technical assessments, and consistent adherence to industry guidelines ensure that the provided information remains both relevant and valuable for stakeholders and analysts over the long term.

Summary

In summary, Sitka Gold Corp is not just a gold explorer but a technology-driven, detail-oriented organization committed to unlocking the potential of one of Yukon’s most promising gold districts. Its flagship RC Gold Project offers a comprehensive case study in modern, methodical exploration that leverages advanced drilling, rigorous sampling, and expert geological interpretation to build a robust and scalable resource base, enhancing shareholder value and contributing to long-term industry knowledge.

Rhea-AI Summary

Sitka Gold Corp (TSXV: SIG) (OTCQB: SITKF) has announced its strategic focus on expanding gold resources at the RC Gold Project in Yukon, Canada. The company is launching an aggressive exploration program aimed at both resource expansion and new discoveries at the project site.

The company maintains a diversified portfolio with exposure to gold and base metal projects across Canada and the United States. A major drilling program is currently underway as part of Sitka's efforts to build upon its established resource base and strengthen its position in the mining sector.

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Sitka Gold Corp (SITKF) has completed its first diamond drill hole (DDRCCC-25-075) of a planned 30,000-metre drilling program at the RC Gold Project in Yukon. The hole, drilled to 715.97 metres, revealed over 130 instances of visible gold and confirmed strong gold mineralization extending approximately 70 metres northeast from previous drilling.

The drill hole targeted the Blackjack zone, following up on previous results that included 678.1m of 1.04 g/t gold with a high-grade section of 93.0m grading 2.57 g/t gold. The current resource estimate at Blackjack stands at 1,291,000 ounces of gold (1.01 g/t) in the indicated category and 1,044,000 ounces (0.94 g/t) in the inferred category.

A second hole, DDRCCC-25-076, is currently in progress, designed to test gold mineralization at deeper depths than any previous drilling at the project.

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Sitka Gold Corp (TSXV: SIG) (OTCQB: SITKF) has announced key leadership changes and additions to strengthen its technical team. Gilles Dessureau, M.Sc., P.Geo., has been appointed as Vice President of Exploration, succeeding Greg Dawson who will transition to Senior Technical Advisor while maintaining his Director role.

Dessureau, who has served as Senior Project Manager at the RC Gold Project since 2023, brings over 20 years of industry experience. The RC Gold Project currently holds a mineral resource estimate of 1.3 million ounces of gold indicated and 1.5 million ounces of gold inferred, according to a January 2025 NI 43-101 technical report.

Additionally, Brad Thrall, B.Sc., MBA, a metallurgical engineer with 35+ years of experience and former President of Alexco Resource Corp, has joined the company's Technical Advisory team. These appointments aim to advance the RC Gold Project and other mineral properties in Sitka's portfolio.

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Sitka Gold Corp. (SITKF) has initiated its largest drilling campaign to date at the RC Gold Project in Yukon's Tombstone Gold Belt. The fully funded 30,000-metre diamond drilling program will focus on expanding the Blackjack gold deposit and testing additional targets within the Clear Creek Intrusive Complex.

The program allocates 15,000 metres to the Blackjack-Saddle-Eiger zone, targeting the expansion of the Blackjack deposit, which currently holds an indicated resource of 1.3 million ounces at 1.01 g/t gold and an inferred resource of 1.04 million ounces at 0.93 g/t gold. Recent drilling at Blackjack yielded significant results, including 678.1 metres of 1.04 g/t gold.

The remaining 15,000 metres will focus on the Rhosgobel and Pukelman targets, where initial drilling in 2024 discovered promising gold mineralization, including intervals of up to 119.0 metres of 1.05 g/t gold at Rhosgobel.

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Sitka Gold Corp. (SITKF) has announced preparations for a winter diamond drilling program at its RC Gold Project in Yukon's Tombstone Gold Belt. The program is part of a fully funded 30,000-metre diamond drilling campaign planned for 2025, more than doubling their previous total drilling efforts.

The company recently updated its mineral resource estimate, reporting 1.3 million ounces of gold indicated and 1.5 million ounces of gold inferred. The Blackjack deposit contains an indicated resource of 1.29 million ounces at 1.01 g/t gold and an inferred resource of 1.04 million ounces at 0.94 g/t gold.

The 2025 drilling program will focus on expanding the Blackjack deposit and testing gold mineralization at various targets including Eiger Deposit, Saddle, Rhosgobel, Contact, and Pukelman. Recent drilling at Rhosgobel showed promising results with intervals of up to 119.0 m of 1.05 g/t gold.

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Sitka Gold Corp. (SITKF) has announced an updated Mineral Resource Estimate (MRE) for its Blackjack gold deposit at the RC Gold Project in Yukon. The new estimate shows 1,291,000 ounces of gold at 1.01 g/t in the Indicated category and 1,044,000 ounces at 0.94 g/t in the Inferred category, using a 0.3 g/t gold cut-off grade.

This represents a significant increase from the initial 2023 estimate of 900,000 ounces at 0.83 g/t. The deposit features a well-defined core of 1 g/t or greater material extending from surface to 660m depth, remaining open in all directions. Initial metallurgical testing shows up to 94% gold recovery with minimal NaCN consumption.

The company plans a 30,000-meter drilling program this year to expand the resource and develop other gold mineralization centers within the Clear Creek Intrusive Complex, including the Eiger Deposit which contains an additional 440,000 ounces of inferred gold resources.

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Sitka Gold Corp. (SITKF) has announced final results from its 2024 diamond drilling program at the RC Gold Project in Yukon. The company completed 9,264 metres of drilling focused on expanding the Blackjack zone and conducting first-ever diamond drilling of the Rhosgobel and Pukelman intrusions.

Key highlights include significant gold mineralization intersections across multiple targets, with the most notable being 678.1 metres of 1.04 g/t gold from Hole 68, including 93.0 metres of 2.57 g/t gold. The Blackjack deposit continues to expand beyond its initial resource announced in January 2023, with drilling producing twenty-two +100 gram-metre intersections, 13 of which are outside the initial resource area.

First-time drilling at the Rhosgobel and Pukelman intrusions also yielded promising results, with Rhosgobel returning 164.8 metres of 0.82 g/t gold and Pukelman showing 343.0 metres of 0.34 g/t gold. The company has planned a fully funded 30,000 metre drill program for 2025.

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Sitka Gold Corp (SITKF) has confirmed and extended a large Reduced Intrusion-Related Gold System (RIRGS) at its RC Gold Project in Yukon. Surface sampling at the May-Qu target returned values up to 31.7 g/t gold, extending the zone of sheeted quartz veins to over 400m wide. The May-Qu target is located 22km from the Blackjack deposit area within the 431 square kilometre property. Additional gold mineralization was confirmed at the Mahtin RIRGS target, with samples returning up to 11.05 g/t gold. The company plans up to 30,000 metres of diamond drilling for 2025 and is currently awaiting assay results from six diamond drill holes totaling 2,774 metres.

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Sitka Gold has signed an agreement with Kluane Drilling Corp. to complete up to 30,000 metres of diamond drilling in 2025 at its RC Gold Project in Yukon's Tombstone Gold Belt. This largest-ever drilling campaign will focus on the Rhosgobel and Pukelman intrusion targets, along with expansion drilling at the Blackjack gold deposit. The company is fully funded with over $15 million in cash and no debt. Results are pending from the last six diamond drill holes of the 2024 season, including 2 holes from Pukelman and 4 from Blackjack. Additionally, Sitka has granted 5,500,000 incentive stock options to officers, directors and consultants, exercisable at $0.37 per share for three years.

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Sitka Gold Corp. (SITKF) announced significant drill results from its RC Gold Project in Yukon. The first diamond drill hole at the Rhosgobel intrusion returned 164.8 metres of 0.82 g/t gold, including 119.0 metres of 1.05 g/t gold, 37.9 metres of 2.05 g/t gold, and 11.5 metres of 4.32 g/t gold. The drilling confirmed strong gold mineralization from surface to at least 300 metres depth. The Rhosgobel target is the largest mapped intrusion within the Clear Creek Intrusive Complex, with results pending for 6 additional diamond drill holes. The company has $15 million in treasury and no debt.

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FAQ

What is the current stock price of Sitka Gold (SITKF)?

The current stock price of Sitka Gold (SITKF) is $0.3584 as of April 10, 2025.

What is the market cap of Sitka Gold (SITKF)?

The market cap of Sitka Gold (SITKF) is approximately 108.4M.

What is the core focus of Sitka Gold Corp?

Sitka Gold Corp focuses on mineral exploration with an emphasis on gold, while also exploring silver and copper properties. Their flagship RC Gold Project exemplifies their commitment to technical excellence in discovering economically viable deposits.

Where is Sitka Gold Corp’s flagship RC Gold Project located?

The RC Gold Project is located in the Yukon Territory, within the prolific Tombstone Gold Belt, a region known for its significant gold-bearing intrusions and favorable mining infrastructure.

What exploration techniques does the company use?

The company employs advanced diamond drilling, detailed geological mapping, soil sampling, and rigorous assay testing following NI 43-101 guidelines to identify and delineate mineralized zones.

How does Sitka Gold Corp ensure the quality and reliability of its exploration data?

Quality assurance is maintained through standardized sample collection, state-of-the-art laboratory analysis, and adherence to NI 43-101 technical standards, ensuring all data is robust, reproducible, and technically sound.

What distinguishes Sitka Gold Corp from other exploration companies?

Their strategic location in Yukon’s Tombstone Gold Belt, combined with extensive drilling programs and a seasoned management team, positions Sitka Gold as a technically proficient and well-funded explorer dedicated to resource expansion and long-term value.

How does the company approach resource expansion?

Sitka Gold undertakes systematic exploration campaigns that include expanding mineralized zones horizontally and at depth, supported by technical geological modeling and comprehensive drilling programs focused on increasing the inferred and indicated resource bases.
Sitka Gold

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108.41M
297.90M
11.02%
4.43%
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