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. reports exploration and technical developments for its 100% owned RC Gold Project in Yukon. Company news centers on diamond drilling, mineral resource estimates, technical reports and metallurgical testing across the Blackjack, Eiger and Rhosgobel gold deposits within the Clear Creek Intrusive Complex.
Recurring updates also cover tungsten mineralization at Rhosgobel, including scheelite observations, WO3 assays and recovery testwork that evaluates tungsten as a potential by-product alongside gold. Additional company developments include board and governance changes, stock option grants and strategic portfolio actions involving Sitka's Nevada and Arizona gold and silver properties.
Sitka Gold Corp. (SITKF) has announced final results from its 2024 diamond drilling program at the RC Gold Project in Yukon. The company completed 9,264 metres of drilling focused on expanding the Blackjack zone and conducting first-ever diamond drilling of the Rhosgobel and Pukelman intrusions.
Key highlights include significant gold mineralization intersections across multiple targets, with the most notable being 678.1 metres of 1.04 g/t gold from Hole 68, including 93.0 metres of 2.57 g/t gold. The Blackjack deposit continues to expand beyond its initial resource announced in January 2023, with drilling producing twenty-two +100 gram-metre intersections, 13 of which are outside the initial resource area.
First-time drilling at the Rhosgobel and Pukelman intrusions also yielded promising results, with Rhosgobel returning 164.8 metres of 0.82 g/t gold and Pukelman showing 343.0 metres of 0.34 g/t gold. The company has planned a fully funded 30,000 metre drill program for 2025.
Sitka Gold Corp (SITKF) has confirmed and extended a large Reduced Intrusion-Related Gold System (RIRGS) at its RC Gold Project in Yukon. Surface sampling at the May-Qu target returned values up to 31.7 g/t gold, extending the zone of sheeted quartz veins to over 400m wide. The May-Qu target is located 22km from the Blackjack deposit area within the 431 square kilometre property. Additional gold mineralization was confirmed at the Mahtin RIRGS target, with samples returning up to 11.05 g/t gold. The company plans up to 30,000 metres of diamond drilling for 2025 and is currently awaiting assay results from six diamond drill holes totaling 2,774 metres.
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 Corp. (SITKF) announced significant drill results from its RC Gold Project in Yukon. The first diamond drill hole at the Rhosgobel intrusion returned 164.8 metres of 0.82 g/t gold, including 119.0 metres of 1.05 g/t gold, 37.9 metres of 2.05 g/t gold, and 11.5 metres of 4.32 g/t gold. The drilling confirmed strong gold mineralization from surface to at least 300 metres depth. The Rhosgobel target is the largest mapped intrusion within the Clear Creek Intrusive Complex, with results pending for 6 additional diamond drill holes. The company has $15 million in treasury and no debt.
Sitka Gold Corp (OTCQB: SITKF) reports significant findings from its exploration at the Pukelman intrusive target within the RC Gold Project in Yukon's Tombstone Gold Belt. Initial drilling of 843.7m in 2 holes revealed visible gold and abundant sheeted quartz veining. Surface rock samples yielded up to 67.9 g/t Au from the Contact zone and up to 1.08 g/t Au within the Pukelman intrusion. A soil sampling program of 1,354 samples extended the gold-in-soil anomaly, returning values up to 1645.8 ppb Au. The exploration program included soil sampling, geological mapping, prospecting, and diamond drilling, with assays currently pending.
Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) has announced significant drill results from its RC Gold Project in Yukon. Hole DDRCCC-24-068 returned 678.1 metres of 1.04 g/t gold from surface, including 409.5 metres of 1.36 g/t gold and 93.0 metres of 2.57 g/t gold. This hole extended gold mineralization approximately 200 metres below previous drilling at the Blackjack Zone, with grades increasing at depth.
Key highlights include:
- Hole 68: 678.1m @ 1.04 g/t Au from surface, including 93.0m @ 2.57 g/t Au and 5.5m @ 17.59 g/t Au
- Hole 67: 99.2m @ 1.01 g/t Au, including 2.5m @ 18.39 g/t Au
The results demonstrate the potential for higher-grade mineralization to continue deeper in the system. Sitka is awaiting results from six additional drill holes, including the first holes drilled at the Rhosgobel intrusion, located 5 km south of Blackjack.
Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) has reported multiple instances of visible gold in the first two diamond drill holes at the Rhosgobel reduced intrusion-related gold deposit target, located 5 km south of the Blackjack gold deposit at its RC Gold Project in Yukon. The 2024 drilling suggests gold mineralization extends at least 250 metres beyond previous drilling depth. Key highlights include:
- 11 instances of visible gold observed in hole DDRCRG-24-002
- Gold mineralization appears to continue from surface to at least 320 metres depth
- Large zones of reduced intrusion-related sheeted veins and breccias intersected
- Assay results pending for both drill holes
The Rhosgobel intrusion is part of the Clear Creek Intrusive Complex, which has potential to host several gold deposits. The drilling results are seen as encouraging, suggesting Rhosgobel could host another significant intrusion-related gold deposit within the complex.
Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) has announced significant findings from its ongoing diamond drilling program at the RC Gold Project in Yukon, Canada. The company's deepest hole to date, DDRCCC-24-068, intercepted multiple occurrences of visible gold from surface to 680 metres, extending 200 metres beyond previous drilling limits. This hole, along with five others, was designed to expand the Blackjack Deposit southward and at depth.
Key highlights include:
- Over 40 instances of visible gold observed in Hole 68
- Mineralization remains open in all directions and appears to strengthen to the south and at depth
- Drilling continues to encounter robust mineralization along the Blackjack Mineralized Corridor
- The abundance of visible gold at depth suggests proximity to the source of a large gold system
Sitka Gold Corp. (TSXV: SIG) (OTCQB: SITKF) has announced impressive drill results from its RC Gold Project in Yukon. Key highlights include:
- DDRCCC-24-062: 290.5 m of 1.10 g/t gold, including 105.0 m of 1.68 g/t gold
- DDRCCC-24-061: 206.0 m of 0.64 g/t gold, including 27.0 m of 1.01 g/t gold
- Continued expansion of mineralization south of the Blackjack deposit
- Multiple occurrences of visible gold in DDRCCC-24-067
The company has completed 10 diamond drill holes totaling approximately 5,050 metres of a planned 15,000 metre program for 2024. Two diamond drills are currently active, one continuing the Blackjack Resource expansion and another at the Rhosgobel Intrusion target on newly acquired property.
Sitka Gold Corp. (TSXV:SIG, FSE:1RF, OTCQB:SITKF) has announced a non-brokered private placement to raise up to $3 million. The offering includes two types of units: Flow-Through Units (FT Units) at $0.22 each and Charity Flow-Through Units (Charity FT Units) at $0.25 each. Both unit types consist of one flow-through share and half a warrant. Each full warrant allows the purchase of one non-flow-through common share at $0.38 within 24 months of closing.
The funds raised will be used for exploration and development of Sitka's RC Gold Project in Yukon and Coppermine River project in Nunavut. The offering is subject to regulatory approval, including TSX Venture Exchange approval, and securities will have a four-month hold period.