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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.
On April 13, 2023, Sitka Gold (OTCQB:SITKF) reported visible gold intersections during diamond drilling at its RC Gold Project, located in Yukon’s Tombstone Gold Belt. The expansive RC Gold Project covers 376 square kilometers and is strategically positioned near significant gold mines. The initial drill hole of the season has yielded positive geological indicators, suggesting the presence of a higher-grade core at the Blackjack deposit, which has an inferred gold resource of 900,000 ounces at 0.83 g/t gold. Additionally, drilling at the Eiger deposit indicates a further 440,000 ounces of gold. The visible gold occurrences and high recoveries of up to 94% demonstrate the potential for valuable gold extraction. Sitka Gold remains well funded, with shares trading at $0.135.
Sitka Gold Corp. has filed a Technical Report supporting an Initial Mineral Resource Estimate of 1,340,000 gold ounces for its RC Gold Project in the Yukon. This report, prepared by GeoSim Services, indicates significant potential for resource growth at the Blackjack and Eiger deposits. The project spans 376 square kilometers and is strategically located in the Tombstone Gold Belt. The winter drilling program aims to expand these resources, with an attractive average grade that mirrors nearby producing mines. However, the current resource is classified as inferred and does not demonstrate economic viability yet.
Sitka Gold (CSE:SIG, FSE:1RF, OTCQB:SITKF) announced on February 23, 2023, expanded gold mineralization at its Alpha Gold Project in Nevada, increasing the extent to 2.5 km. The final two drill holes of the 2022 program showed significant Carlin-Type alteration. Notable results include AG22-10 with 21.3 metres of 1.21 g/t gold. However, AG22-12 faced mechanical issues and was abandoned at 416 metres. The Alpha Gold Project spans 4,780 acres along the Cortez Gold Trend. Sitka's shares are trading at $0.115, and they have also received assay results from their RC Gold Project, reporting an inferred resource of 1,340,000 ounces grading 0.68 g/t.
On January 20, 2023, Sitka Gold announced a maiden Mineral Resource Estimate for the Blackjack and Eiger gold deposits in its RC Gold Project, totaling 1,340,000 ounces of gold inferred. The Blackjack zone, discovered in late 2021, has a higher-grade resource of 900,000 ounces with a grade of 0.83 g/t. The RC Gold Project spans 376 square kilometres and is strategically located near significant gold mines. Upcoming drilling plans include a 10,000-meter program in 2023. The company is well-funded with shares trading at $0.145.
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