Sitka Gold Stock Price, News & Analysis

Sitka Gold Corp has reported multiple instances of visible gold in the first drill holes of its summer 2025 drilling campaign at the RC Gold Project in Yukon's Tombstone Gold Belt. The company has launched a fully-funded 30,000-meter drilling program with three drills currently operating and a fourth rig on site. This ambitious campaign will more than double all previous drilling since 2020. Notable discoveries include the first-ever visible gold observations at the Eiger deposit and additional visible gold in Hole 76, which was extended to 944.9m, marking the deepest hole ever drilled at Blackjack. The drilling focuses on expanding the Blackjack and Eiger deposits while exploring the Saddle zone, where geological observations suggest a potential linkage between the two deposits. The program targets multiple high-priority areas within the Clear Creek Intrusive Complex, with drilling results pending for all current holes.

Sitka Gold (SITKF) has reported significant drilling results from its RC Gold Project in Yukon's Tombstone Gold Belt. Drill hole DDRCC-25-076 (Hole 76) intersected impressive gold mineralization, including 25.0 meters of 5.04 g/t gold (including 1.8 metres of 54.70 g/t gold) within 86.4 meters of 1.65 g/t gold, and a separate interval of 12.2 meters of 4.55 g/t gold within 94.0 meters of 1.15 g/t gold.

The hole, reaching a depth of 810.8 meters, is the deepest ever drilled at RC Gold, with strong mineralization continuing at depth. This is part of a fully funded 30,000-meter drilling program planned for 2025, with one drill currently operating and three more expected to begin soon at the Blackjack deposit.

Sitka Gold Corp (TSXV: SIG) (OTCQB: SITKF) is advancing its gold exploration activities in Canada's Yukon Territory. The company is executing one of the region's largest drill programs, focused on expanding its multi-million-ounce resource. Key highlights include:

• Strong infrastructure access to support operations
• Secured full financing for current operations
• Strategic location in one of Canada's premier gold belts

The company appears well-positioned to continue its resource discovery and development efforts in the Yukon Territory.

Sitka Gold Corp. (SITKF) has announced significant drilling results from its RC Gold Project in Yukon's Tombstone Gold Belt. The first drill hole of 2025 (DDRCCC-25-075) delivered exceptional results, intersecting 352.8 metres of 1.55 g/t gold, including 108.9 metres of 3.27 g/t gold and 45.0 metres of 4.52 g/t gold.

The results extend the high-grade gold zone discovered in late 2024, with grades appearing to increase with depth. Over 130 instances of visible gold were observed in Hole 75. A second hole (DDRCCC-25-076) was drilled to 810.8 metres depth, marking the deepest hole at Blackjack, with assays pending.

The project currently has a pit-constrained mineral resource of 1.29 Moz grading 1.01 g/t gold indicated and 1.04 Moz grading 0.94 g/t gold inferred. These new results suggest potential for underground mining below the existing resources.

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.