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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.
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