Sitka Gold Corp. is pleased to announce that preparations are currently underway for a winter diamond drilling program scheduled to begin this month at its flagship RC Gold Project , located in the prolific Tombstone Gold Belt in Yukon. The winter drilling campaign will mark the start of a fully funded 30,000 metre diamond drilling program planned for RC Gold this year. The Company recently announced an updated mineral [...]
Updated Mineral Resource Estimate at the Company's 100% owned Blackjack gold deposit located at the RC Gold Project, Yukon using a 0.3 g/t gold cut-off grade: ○ Indicated Mineral Resource: 1,291,000 ounces of gold at a grade of 1.01 g/t ○ Inferred Mineral Resource: 1,044,000 ounces of gold at a grade of 0.94 g/t The updated MRE represents a significant increase in both average grade and contained ounces at the [...]
Sitka Gold Corp. is pleased to summarize the highly successful 2024 exploration season and announce final results from the 2024 diamond drilling program conducted at its road accessible, 431 square kilometre RC Gold Project located approximately 100 kilometres east of Dawson City in Yukon's prolific Tombstone Gold Belt. The mineralized system at the Blackjack deposit continues to grow well beyond the initial resource [...]
A large Reduced Intrusion-Related Gold System has been confirmed and extended at the May-Qu target within the Mid-Cretaceous, Tombstone suite, Bos Stock. This RIRGS system is 22 km from the Blackjack deposit area within the contiguous 431 square kilometre, road accessible RC Gold property. Surface sampling of sheeted quartz veins within the intrusion returned values up to 31.7 g/t Au, and extends the zone of sheeted [...]
Sitka Gold Corp. is pleased to announce that it has signed an agreement with Kluane Drilling Corp. to complete up to 30,000 metres of diamond drilling in 2025 at its road accessible RC Gold Project located in the prolific Tombstone Gold Belt in the Yukon. This will be the largest drilling campaign ever conducted at RC Gold and is anticipated to focus primarily on follow up drilling at the Rhosgobel and Pukelman intrusion [...]
DDRCRG-24-001 returned 164.8 metres of 0.82 g/t gold starting 9 metres from surface, including 119.0 m of 1.05 g/t gold, 37.9 m of 2.05 g/t gold and 11.5 m of 4.32 g/t gold in the first ever diamond drill hole at Rhosgobel. Drilling confirms strong gold mineralization from surface to a depth of at least 300 m. Gold mineralization discovered at Rhosgobel is hosted in feldspar megacrystic quartz monzonite similar to that [...]
VANCOUVER, CANADA - November 7, 2024 - TheNewswire: Sitka Gold Corp. is pleased to announce that the Company has closed a non-brokered private placement for aggregate gross proceeds of $4,999,020 through the issuance of 9,802,000 flow-through common shares in the capital of the Company sold at a price of $0.51 per FT Share. "This financing enables us to move forward with a healthy treasury of over $15 million and expand [...]
Soil sampling, geological mapping and prospecting, along with initial diamond drilling of 843.7 m in 2 holes completed in Sitka's first phase of exploration at the newly acquired Pukelman intrusive target. Visible gold and abundant sheeted quartz veining were observed in initial drill holes completed at the Pukelman intrusion with assays pending. East-Southeast trending zone of sheeted quartz veining and brecciation with [...]
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, 93.0 metres of 2.57 g/t gold and 5.5 metres of 17.59 g/t gold; significantly expands Blackjack gold mineralization approximately 200 metres below previous drilling with grades increasing with depth. DDRCCC-24-067 returned 99.2 metres of 1.01 g/t gold including 2.5 metres of 18.39 g/t gold, confirming the southern [...]
Multiple instances of visible gold observed in drill core from first diamond drill holes ever completed at the Rhosgobel reduced intrusion-related gold deposit target located 5 km south of the Blackjack gold deposit. Gold mineralization appears to extend at least 250 metres below the extent of historical drilling. Large zones of reduced intrusion-related sheeted veins and breccias intersected below historical drilling. 11 [...]
DDRCCC-24-068 was drilled to 708.7 metres to test the depth continuity of Blackjack Zone mineralization and encountered over 40 instances of visible gold from surface to 680 metres with mineralization remaining open to depth. Hole 68 is approximately 200 metres deeper than any previous drill holes, adding substantial gold mineralization beyond previous drilling limits. Multiple occurrences of visible gold within sheeted [...]
Sitka Gold Corp. is pleased to announce that the Company has closed a non-brokered private placement for aggregate gross proceeds of $5,500,000 through the issuance of 27,500,000 units sold at a price of $0.20 per Unit. Each Unit consists of one common share of the Company and one half of one common share purchase warrant . Each Warrant entitles the holder thereof to purchase one additional common share of the Company at [...]
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