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Sitka Gold Corp. (TSXV:SIG)(FSE:1RF)(OTCQB:SITKF) is a mineral exploration company focused on gold, silver, and copper properties. The flagship RC Gold Project in the Yukon's Tombstone Gold Belt covers a 386 square kilometre area, with recent drilling uncovering significant gold mineralization. The Company is expanding its resource base with a 15,000-metre diamond drilling program in 2024. The acquisition of the Clear Creek Property, adjacent to RC Gold, reinforces Sitka's commitment to district-scale exploration and discovery.
Sitka Gold announced significant drill results from its RC Gold Project in Yukon. Drill hole DDRCCC-23-058 ("Hole 58") intersected 154.0 meters of 1.47 g/t gold, including 37.0 meters of 3.07 g/t gold and 8.0 meters of 4.61 g/t gold. This confirms continuous and high-grade gold mineralization south of the existing Blackjack Gold Deposit. The results, along with winter drilling data, suggest the potential for expanding the mineralized corridor. The company plans up to 15,000 meters of diamond drilling in 2024 to further explore this and additional high-priority targets across its 386 square kilometer property.
Sitka Gold Corp. announces significant gold results in Hole 57 at its RC Gold Project in Yukon. The 191.0m drill intersected 1.16 g/t Au, including 89.0m of 2.03 g/t Au and 11.0m of 5.80 g/t Au. The drill confirms persistent gold mineralization continues at depth and to the southeast, further expanding the gold resource potential. The 2024 drill program aims to define targets within the Clear Creek Intrusive Complex area.
Sitka Gold Corp. is set to acquire 100% ownership of its flagship RC Gold Project in Yukon by finalizing amendments to acquire the RC and BeeBop properties. The company will make cash and share payments to secure ownership of all underlying properties, completing the acquisition process. The RC and BeeBop properties are contiguous to the Clear Creek property, known for hosting the Blackjack and Eiger gold deposits. Sitka's exploration efforts have revealed a significant mineral resource estimate of 1.34 million ounces of gold within the Saddle and Eiger intrusive stocks. The company plans to conduct further exploration and drilling across its project, aiming to expand resources and discover new deposits.
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