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SITKA GOLD CORP - SITKF STOCK NEWS

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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.

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Sitka Gold Corp. has added a third diamond drill rig at its RC Gold Project in Yukon, enhancing its ongoing drilling program. This move aims to expedite the planned 10,000-meter drill program, focusing on the Blackjack zone where promising results were reported. Notably, previous drill hole DDRCCC-21-021 returned 220.1 meters of 1.17 g/t gold, indicating significant mineralization potential. Enhanced drilling capacity will allow Sitka to investigate multiple high-priority targets simultaneously, and the company aims to estimate an initial gold resource based on forthcoming data.

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On June 22, 2022, Sitka Gold (OTCQB:SITKF) announced the initiation of a new drill program at its fully owned Alpha Gold Project in Nevada. The first hole, AG22-09, was completed to a depth of 171 meters, revealing promising alterations indicative of potential gold deposits. The project spans 4,780 acres along the Cortez Gold Trend and aims to explore Carlin-type gold systems. Sitka is well-funded for its exploration, with recent financing of $4.69 million. The company continues to focus on its broader exploration activities across various projects.

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Sitka Gold Corp. (CSE: SIG) announced the commencement of the next phase of drilling at its Alpha Gold Project in Nevada on June 17, 2022. The initial drill hole, AG22-09, has been completed to a depth of 171 meters, indicating strong alteration and gold mineralization potential. The company plans to drill at least 1,500 meters this phase, building on the previous discoveries of Carlin-type gold systems. Sitka is well-funded for the exploration, having recently completed a financing of $4.69 million.

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Sitka Gold announces the successful completion of its 2022 winter exploration program at its RC Gold Project, Yukon. Recent diamond drill results from Hole 25 revealed high-grade gold intercepts, including 349.0 metres of 0.71 g/t gold, starting just 19.0 metres below the surface. Key highlights include 221.0 metres of 1.02 g/t gold from 25.0 metres and a peak of 15.15 g/t gold within 2.0 metres. The company plans to further explore the Blackjack Zone, which may enhance its gold resource estimates. Sitka has secured around $4.7 million in funding and currently trades at $0.14.

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On June 13, 2022, Sitka Gold Corp. (OTCQB: SITKF) reported strong gold assay results from drill hole DDRCCC-22-025 at its RC Gold Project in Yukon. The results include 349.0 meters of 0.71 g/t Au and highlight significant intervals such as 221.0 meters of 1.01 g/t Au and 2.0 meters of 15.15 g/t Au. Drilling has resumed, focusing on the new Blackjack Zone and aiming to expand the known gold mineralization. The ongoing 10,000-meter drill program is expected to define the gold-rich zone further.

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Sitka Gold announced high-grade gold intercepts from its 2022 winter exploration program at the RC Gold Project in Yukon. The project spans 376 square kilometers in the Tombstone Gold Belt. The drilling focused on the Blackjack Zone, revealing significant mineralization. Notably, Hole 24 showed over 1.5 grams per tonne of gold for 100 meters, including 2 meters of over 1 ounce per tonne. CEO Cor Coe highlighted the potential for a multi-million ounce gold deposit, with results still pending from additional drilling. Shares currently trade at $0.135.

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On May 18, 2022, Sitka Gold Corp. announced promising assay results from drill hole DDRCCC-22-024 at its RC Gold Project in the Yukon. The hole reported 107.5 m of 1.44 g/t Au, including high-grade intervals of 35.6 g/t Au over 2 m. The winter drilling program demonstrated that gold mineralization extends 100 m west and south of the initial discovery, indicating significant potential for a multi-million ounce gold deposit. The company plans to continue drilling in the Blackjack Zone, building towards a maiden resource estimate.

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Sitka Gold Corp. announced positive assay results from drill hole DDRCCC-22-023 during its winter exploration program at the RC Gold Project in Yukon. The drill hole yielded significant gold values, including 205.8 m of 1.01 g/t Au from surface and notable intervals such as 1.0 m of 10.95 g/t Au. This result reinforces the discovery of a high-grade gold corridor and supports plans for further drilling to expand mineralization. The winter drilling program aims to advance towards a maiden resource estimate, with two additional holes still awaiting assay results.

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Sitka Gold Corp. (OTCQB: SITKF) announced promising assay results from its 2022 winter exploration program at the RC Gold Project in Yukon. The first drill hole, DDRCCC-22-022, recorded 273 meters of 0.52 g/t gold, including 62 meters of 1.21 g/t and significant peaks of 6.36 g/t gold. The company plans to drill an additional 9,000 meters this spring-summer as part of a 10,000-meter program. CEO Cor Coe expressed optimism about discovering a high-grade gold corridor, reinforcing confidence in the project's potential for resource estimation.

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Sitka Gold Corp. (OTCQB: SITKF) provides an update on its diamond drill program at the RC Gold Project in Yukon, having completed over 1,100 metres across three holes. Notably, drilling at the Blackjack zone revealed 1.17 g/t gold over 220.1 metres. The winter program aims to extend the mineralized intrusive, with visible gold found in core samples. A second drill is expected on-site soon, and the company emphasizes the potential increase in deposit size, which may benefit future economic assessments. This mineral exploration initiative underscores Sitka's commitment to discovering economically viable gold deposits.

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FAQ

What is the current stock price of SITKA GOLD (SITKF)?

The current stock price of SITKA GOLD (SITKF) is $0.33762 as of October 15, 2024.

What is the market cap of SITKA GOLD (SITKF)?

The market cap of SITKA GOLD (SITKF) is approximately 103.6M.

What is Sitka Gold Corp. focused on?

Sitka Gold Corp. is focused on mineral exploration for economically viable gold, silver, and copper deposits.

What is the flagship project of Sitka Gold Corp.?

The flagship project of Sitka Gold Corp. is the RC Gold Project in the Yukon's Tombstone Gold Belt.

What recent achievements has Sitka Gold Corp. made?

Sitka Gold Corp. has recently uncovered significant gold mineralization at the RC Gold Project through its diamond drilling programs.

What is the focus of Sitka Gold Corp.'s 2024 exploration program?

Sitka Gold Corp. is focusing on expanding its resource base with a 15,000-metre diamond drilling program in 2024.

What recent acquisition has Sitka Gold Corp. completed?

Sitka Gold Corp. has acquired the Clear Creek Property, adjacent to the RC Gold Project, to strengthen its exploration and discovery efforts.

SITKA GOLD CORP

OTC:SITKF

SITKF Rankings

SITKF Stock Data

103.59M
241.71M
11.24%
3.96%
Gold
Basic Materials
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United States of America
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