Sitka Gold Stock Price, News & Analysis

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.