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.
Sitka Gold Corp (SITKF) provides investors and industry professionals with comprehensive updates on its gold exploration activities in Canada’s Yukon Territory. This dedicated news hub delivers verified updates about the company’s flagship RC Gold Project, technical advancements, and strategic developments in the Tombstone Gold Belt.
Access authoritative reports on diamond drilling results, soil geochemistry findings, and mineral resource estimates prepared under NI 43-101 standards. The page consolidates press releases about exploration milestones, land acquisitions, and management insights while maintaining strict compliance with financial disclosure regulations.
Key updates include detailed analyses of intrusion-related gold systems, progress on inferred resource expansion, and operational developments at the Blackjack deposit. Content is curated to serve both technical experts and general investors through clear explanations of geological terminology and exploration methodologies.
Bookmark this page for direct access to Sitka Gold’s latest verified news. Check regularly for updates on drilling campaigns, assay results, and corporate announcements that demonstrate the company’s progress in developing one of Canada’s most promising gold districts.
Sitka Gold Corp (TSXV: SIG) has successfully closed a combined $11.86 million financing through both brokered and non-brokered private placements. The brokered offering, led by Beacon Securities and other underwriters, raised $10 million through 14,705,882 flow-through shares at $0.68 per share. An additional $1.86 million was raised through a non-brokered offering of 2,738,593 flow-through shares at the same price.
The proceeds will be used for Canadian exploration expenses at the RC Gold Project in Yukon Territory, with all qualifying expenditures to be renounced to subscribers by December 31, 2025. The company paid $600,000 in cash commission and issued 882,352 compensation options to the underwriters for the brokered portion.
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.
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.
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.
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.
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.
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.
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.
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.
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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