Welcome to our dedicated page for Sitka Gold news (Ticker: SITKF), a resource for investors and traders seeking the latest updates and insights on Sitka Gold stock.
Sitka Gold Corp. (OTCQB: SITKF) generates frequent exploration news as it advances its 100% owned RC Gold Project in Yukon’s Tombstone Gold Belt and other precious metal assets. Company updates focus on drilling results, resource growth and target expansion across multiple zones within the Clear Creek Intrusive Complex.
News releases highlight step-out and infill drilling at the Blackjack and Eiger pit-constrained deposits, where broad gold intervals from surface and at depth have extended mineralization beyond existing mineral resource estimate boundaries. Regular updates also cover the Saddle Zone, a near-surface target within the conceptual Blackjack pit outline, where drilling has outlined higher-grade gold mineralization hosted in dykes, sills and metasedimentary rocks.
A major focus of Sitka Gold’s news flow is the Rhosgobel discovery, an intrusion target where drilling has traced reduced intrusion-related gold mineralization along a strike length of roughly 1.1 kilometres and to depths exceeding 400 metres. Releases document multiple intersections exceeding 100 gram-metres of gold (g/t Au*m), visible gold in sheeted quartz and quartz–tourmaline veins, and associated scheelite indicating tungsten mineralization. Additional coverage details the Contact and Pukelman zones, where drilling has confirmed broad near-surface gold intervals and visible gold across a footprint of about 900 by 650 metres, as well as initial work at Bear Paw and May-Qu.
Investors following SITKF news can review assay tables, cross sections, plan maps and commentary from management on how each drilling campaign affects the evolving deposit models and the broader RC Gold district. Bookmark this page to access ongoing exploration results, project updates and technical disclosures related to Sitka Gold’s activities.
Sitka Gold (OTCQB:SITKF) has provided an update on its RC Gold Project in Yukon, reporting ongoing diamond drilling activities. The project covers 376 square kilometres in a highly prospective gold district. Since February 2022, the company has completed approximately 4,990 metres of drilling in 16 holes, mainly focusing on the Blackjack Zone, where notable gold discoveries were made, including significant intervals of mineralization and visible gold. Recent metallurgical work shows gold recoveries of up to 94%. The company is well-funded with gross proceeds of $4.7 million, and shares are currently trading at $0.145.
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.
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.
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.
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.
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.
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.
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.
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.
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.