Sitka Gold Signs 30,000 Metre Diamond Drilling Contract for 2025 at Its RC Gold Project, Yukon
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.
Sitka Gold ha firmato un accordo con Kluane Drilling Corp. per completare fino a 30.000 metri di perforazione a diamante nel 2025 presso il suo progetto RC Gold nella Tombstone Gold Belt del Yukon. Questa sarà la campagna di perforazione più grande mai realizzata e si concentrerà sugli obiettivi di intrusione Rhosgobel e Pukelman, insieme alla perforazione di espansione nel deposito aurifero Blackjack. L'azienda è completamente finanziata con oltre 15 milioni di dollari in contante e senza debiti. I risultati sono in attesa dalle ultime sei perforazioni a diamante della stagione 2024, comprese 2 perforazioni da Pukelman e 4 da Blackjack. Inoltre, Sitka ha concesso 5.500.000 opzioni su azioni di incentivo a dirigenti, amministratori e consulenti, esercitabili a 0,37 dollari per azione per tre anni.
Sitka Gold ha firmado un acuerdo con Kluane Drilling Corp. para completar hasta 30,000 metros de perforación de diamante en 2025 en su Proyecto RC Gold en la Tombstone Gold Belt de Yukón. Esta será la campaña de perforación más grande de la historia, centrándose en los objetivos de intrusión Rhosgobel y Pukelman, junto con la perforación de expansión en el depósito de oro Blackjack. La compañía está totalmente financiada con más de 15 millones de dólares en efectivo y sin deudas. Los resultados están pendientes de los últimos seis agujeros de perforación de diamante de la temporada 2024, incluidos 2 agujeros de Pukelman y 4 de Blackjack. Además, Sitka ha otorgado 5,500,000 opciones de acciones de incentivo a funcionarios, directores y consultores, ejercitables a 0.37 dólares por acción durante tres años.
시트카 골드는 클루안 드릴링 코퍼레이션과 2025년 유콘의 RC 골드 프로젝트에서 30,000미터의 다이아몬드 시추를 완료하기 위한 계약을 체결했습니다. 이번이 역사상 가장 큰 시추 캠페인으로, 로스고벨과 푸켈만 침입 목표에 집중하며, 블랙잭 금 매장지에서의 확장 시추도 포함됩니다. 이 회사는 완전히 자금이 조달된 상태로 1,500만 달러 이상의 현금이 있으며, 부채는 없습니다. 2024 시즌의 마지막 6개 다이아몬드 시추 구멍에서 결과를 기다리고 있으며, 여기에는 푸켈만에서 2개, 블랙잭에서 4개가 포함됩니다. 추가로, 시트카는 임원, 이사 및 컨설턴트에게 5,500,000개의 인센티브 스톡 옵션을 부여했으며, 이는 주당 0.37달러에 3년 동안 행사 가능합니다.
Sitka Gold a signé un accord avec Kluane Drilling Corp. pour réaliser jusqu'à 30 000 mètres de forage diamanté en 2025 sur son projet RC Gold dans la Tombstone Gold Belt du Yukon. Cette campagne de forage, la plus importante jamais réalisée, se concentrera sur les cibles d'intrusion Rhosgobel et Pukelman, ainsi que sur le forage d'expansion du gisement d'or Blackjack. L'entreprise est entièrement financée avec plus de 15 millions de dollars en liquidités et sans dettes. Les résultats des six derniers forages diamantés de la saison 2024 sont en attente, y compris 2 forages de Pukelman et 4 de Blackjack. De plus, Sitka a accordé 5 500 000 options d'actions incitatives à des dirigeants, directeurs et consultants, exerçables à 0,37 $ par action pendant trois ans.
Sitka Gold hat eine Vereinbarung mit Kluane Drilling Corp. unterzeichnet, um bis zu 30.000 Meter Diamantbohrungen im Jahr 2025 in ihrem RC Gold-Projekt im Tombstone Gold Belt im Yukon abzuschließen. Diese größte Bohrkampagne aller Zeiten wird sich auf die Intrusion-Ziele Rhosgobel und Pukelman konzentrieren, sowie auf die Erweiterungsbohrungen im Blackjack-Goldlager. Das Unternehmen ist vollständig finanziert mit über 15 Millionen Dollar in Barreserven und ohne Schulden. Die Ergebnisse aus den letzten sechs Diamantbohrlöchern der Saison 2024 stehen noch aus, darunter 2 Löcher von Pukelman und 4 von Blackjack. Darüber hinaus hat Sitka 5.500.000 Anreiz-Aktienoptionen an Führungskräfte, Direktoren und Berater gewährt, die für drei Jahre zu einem Preis von 0,37 Dollar pro Aktie ausgeübt werden können.
- Secured funding of over $15 million with no debt
- Largest drilling campaign ever planned (30,000 metres)
- Successful 2024 drilling campaign with excellent assay results
- None.
Vancouver, British Columbia--(Newsfile Corp. - November 27, 2024) - Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) ("Sitka" or the "Company") is pleased to announce that it has signed an agreement with Kluane Drilling Corp. to complete up to 30,000 metres of diamond drilling in 2025 at its road accessible RC Gold Project ("RC Gold" or the "Project") located in the prolific Tombstone Gold Belt in the Yukon. This will be the largest drilling campaign ever conducted at RC Gold and is anticipated to focus primarily on follow up drilling at the Rhosgobel and Pukelman intrusion targets along with further expansion drilling at the Blackjack gold deposit and drill testing other high-priority targets identified elsewhere on the district-scale, 431 square kilometre property.
Kluane Drilling Ltd., a well established, highly experienced drilling company based in Whitehorse, Yukon with over 30 years of experience diamond drilling in the Yukon and around the world, has been contracted to complete up to 30,000 metres of drilling at the Company's flagship RC Gold Project. Kluane Drilling is dedicated to providing quality drilling services based on technical innovation and human talent and specializes in achieving high drilling production in various drilling environments. Kluane Drilling has proven to be an exceptional contractor for the past two years and Sitka looks forward to continuing to work with them as the Company further advances RC Gold in 2025.
"We are very pleased to have secured the services of Kluane Drilling Ltd. for what will be our largest ever diamond drilling program planned for our RC Gold Project in 2025," said Cor Coe, Director and CEO of Sitka. "Kluane provided Sitka with exceptional drilling services throughout our winter and summer drilling programs at RC Gold in both 2023 and 2024 and we look forward to continuing to develop the project with them in the coming year as we substantially increase the scale and scope of drilling. The 2024 drilling campaign at RC Gold returned excellent assay results from both the Blackjack gold deposit area and the first ever diamond drill holes at the Rhosgobel intrusion, and has identified visible gold in its first two diamond drill holes at the Pukelman intrusion where assay results are still pending (see news releases dated November 25 and October 31, 2024). We are eagerly looking forward to following up on the success we had this past year and, with over
Stock Option Grant
Sitka Gold Corp. also announces that it has granted an aggregate of 5,500,000 incentive stock options (the "Options") to officers, directors and consultants of the Company. The Options are exercisable at
Upcoming Events
Sitka Gold will be attending and/or presenting at the following events*:
American Exploration and Mining Association Conference, Reno, NV: December 1 - 6, 2024
Metal Investors Forum, Vancouver, BC: January 17 - 18, 2025
VRIC, Vancouver, BC: January 19 - 20, 2025
RoundUp, Vancouver, BC: January 20 - 23, 2025
PDAC, Toronto, ON: March 2 - 5, 2025
Swiss Mining Institute, Zurich, Switzerland: March 18 - 19, 2025
*All events are subject to change.
About Sitka Gold Corp.
Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada with over
In January 2023, the Company announced an NI 43-101 compliant initial inferred Mineral Resource Estimate of 1,340,000 ounces of gold(1) beginning at surface and grading 0.68 g/t at its RC Gold Project in Yukon (see news release dated January 19, 2023).
(1) Simpson, R. January 19, 2023. Clear Creek Property, RC Gold Project, NI 43-101 Technical Report, Dawson Mining District, Yukon Territory
*For more detailed information on the Company's properties please visit our website at www.sitkagoldcorp.com.
The scientific and technical content of this news release has been reviewed and approved by Cor Coe, P.Geo., Director and CEO of the Company, and a Qualified Person (QP) as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
"Donald Penner"
President and Director
For more information contact:
| Donald Penner President & Director 778-212-1950 dpenner@sitkagoldcorp.com | or | Cor Coe CEO & Director 604-817-4753 ccoe@sitkagoldcorp.com |
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions and the Company's anticipated work programs.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market uncertainty and the results of the Company's anticipated work programs.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231562
FAQ
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