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.
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On April 13, 2023, Sitka Gold (OTCQB:SITKF) reported visible gold intersections during diamond drilling at its RC Gold Project, located in Yukon’s Tombstone Gold Belt. The expansive RC Gold Project covers 376 square kilometers and is strategically positioned near significant gold mines. The initial drill hole of the season has yielded positive geological indicators, suggesting the presence of a higher-grade core at the Blackjack deposit, which has an inferred gold resource of 900,000 ounces at 0.83 g/t gold. Additionally, drilling at the Eiger deposit indicates a further 440,000 ounces of gold. The visible gold occurrences and high recoveries of up to 94% demonstrate the potential for valuable gold extraction. Sitka Gold remains well funded, with shares trading at $0.135.
Sitka Gold Corp. has filed a Technical Report supporting an Initial Mineral Resource Estimate of 1,340,000 gold ounces for its RC Gold Project in the Yukon. This report, prepared by GeoSim Services, indicates significant potential for resource growth at the Blackjack and Eiger deposits. The project spans 376 square kilometers and is strategically located in the Tombstone Gold Belt. The winter drilling program aims to expand these resources, with an attractive average grade that mirrors nearby producing mines. However, the current resource is classified as inferred and does not demonstrate economic viability yet.
Sitka Gold (CSE:SIG, FSE:1RF, OTCQB:SITKF) announced on February 23, 2023, expanded gold mineralization at its Alpha Gold Project in Nevada, increasing the extent to 2.5 km. The final two drill holes of the 2022 program showed significant Carlin-Type alteration. Notable results include AG22-10 with 21.3 metres of 1.21 g/t gold. However, AG22-12 faced mechanical issues and was abandoned at 416 metres. The Alpha Gold Project spans 4,780 acres along the Cortez Gold Trend. Sitka's shares are trading at $0.115, and they have also received assay results from their RC Gold Project, reporting an inferred resource of 1,340,000 ounces grading 0.68 g/t.