Sitka Gold Stock Price, News & Analysis

Sitka Gold (OTCQB:SITKF) announced drill results from two holes at its Alpha Gold Property in Nevada, revealing significant gold mineralization. Hole AG22-10 returned 21.3 meters at 1.21 g/t gold, including 4.62 g/t over 1.5 meters. The project spans 4,780 acres and is situated near the Cortez Gold Trend. Current drilling is part of a 1,500-meter program, with assays for further holes pending. The company is financially sound, with shares trading at $0.15. This ongoing exploration boosts the company's potential in the gold sector.

On October 6, 2022, Sitka Gold Corp. (CSE: SIG, OTCQB: SITKF) announced initial assay results from drill holes AG22-09 and AG22-10 at its Alpha Gold Property in Nevada. The ongoing drilling program aims to explore a Carlin-type gold system, with significant findings reported including 21.3 m at 1.21 g/t Au in AG22-10. CEO Cor Coe emphasized the potential of a significant gold deposit in the area, with ongoing drilling revealing an extensive mineralized system. Additional assay results from AG22-11 and AG22-12 are pending.

Sitka Gold Corp. (SITKF) announced positive assay results from the first six holes drilled at the Blackjack Zone, within its RC Gold Project in the Yukon. The diamond drill program consisted of 16 holes, totaling 5,250 meters, with assays pending for 10 additional holes. Highlights include 146.6 meters of 0.90 g/t Au and 116.0 meters of 0.65 g/t Au with higher-grade intervals noted. The drilling results indicate a consistent gold mineralization and potential for significant resource expansion within the Blackjack Zone, as the Company aims to establish an initial resource estimate.

Sitka Gold has completed its Phase II summer drilling program at the RC Gold Project in Yukon's Tombstone Gold Belt, covering 376 square kilometers. This phase included 16 diamond drill holes totaling about 5,250 meters, further investigating the Blackjack zone, which reported significant gold intersections. Visible gold was encountered in most holes, including at 417.25m depth. Sitka is well-funded with approx. $4 million in working capital, and trading at $0.21 per share. Assay results are pending and expected to enhance understanding of mineralization.

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.