Sitka Gold (TSX.V: SIG | FSE: 1RF | WKN: A2JG70) just released an overview of the most important operational and corporate progress in 2025 and an outlook for 2026. The focus is on the 100% controlled, road-accessible RC Gold Project in the Tombstone Gold Belt of Canada’s Yukon.
Sitka emphasizes that last year’s work was primarily aimed at systematically testing multiple targets within the Clear Creek Intrusive Complex (CCIC) and laying the groundwork for further resource estimates and drilling campaigns. A fully funded 60,000-meter diamond drilling program is planned for 2026; at the same time, CEO Cor Coe’s company can point to liquidity reserves of over US$45 million.
Sitka Gold Strengthens Resource Estimate at Blackjack Deposit
A key milestone last year was the updated resource estimate for the Blackjack gold deposit, which Sitka released prior to the start of the 2025 drilling season. According to this, Blackjack comprises indicated resources of 1.291 million ounces of gold at 1.01 g/t gold and inferred resources of 1.044 million ounces at 0.94 g/t gold. This represents a clear increase in both average grade and contained ounces compared to the initial resource estimate from 2023.
Drilling in 2025 in the Blackjack–Saddle–Eiger corridor also yielded several intersections outside the previous resource boundaries, which the company believes indicate potential for expansion along the mineralized corridor. These include 211.2 meters at 1.13 g/t gold, including 73.2 meters at 2.05 g/t, as well as deeper sections of 8.0 meters at 4.80 g/t and 6.3 meters at 5.53 g/t in the vicinity of larger intervals. Sitka is putting these results in the context of the question of whether, in addition to zones closer to the surface, there are also areas with potential relevance for later underground consideration.
Sitka Gold announces Rhosgobel discovery and tests further targets in the RC Gold Project
As a second significant development, Sitka highlights the discovery of the Rhosgobel deposit – the third gold deposit defined by the company to date within the RC Gold Project. According to the company, drilling in 2025 confirmed gold mineralization over 975 meters of strike length; in addition, assay results from 15 additional drill holes are still pending, while a mineralized strike length of 1.1 kilometers has been identified to date. Sitka expects an initial resource estimate for Rhosgobel in the first quarter of 2026.
According to the announcement, Rhosgobel delivered some of the wider and stronger sections of the season, including 235.9 meters at 1.11 g/t gold, including 40.0 meters at 2.01 g/t and 10.0 meters at 5.29 g/t. In addition, Sitka reports visible tungsten mineralization; supplementary tungsten trioxide (WO₃) assays were announced with an earlier drill hole over 173.3 meters at 0.60 g/t gold and 0.095% WO₃, including a sub-interval of 2.43 g/t gold and 0.21% WO₃.
In addition to Rhosgobel, Sitka points to other target areas within the CCIC and beyond. According to the company, a total of approximately 32,000 meters were drilled in 91 holes across multiple targets in 2025. Visible gold was observed in drill cores from each of the larger target areas. At the Contact target – which Sitka describes as the most significant metasedimentary-hosted deposit on the project – the company reports initial results of 119.0 meters at 1.01 g/t gold from surface, including 10.7 meters at 4.10 g/t and 1.2 meters at 24.8 g/t; here too, further analyses from several drill holes are still pending.
Sitka Gold Doubles Drilling Pace: 60,000 Meter Program for 2026
Sitka Gold has announced a 60,000-meter diamond drilling program for 2026, which, according to the company, would effectively double the total number of drill meters completed to date at the RC Gold Project. The goal is to further expand existing resource areas, prepare additional resource estimates for advanced zones, and test other prioritized targets within the large land package. The RC Gold Project is described as a consolidated area of 431 square kilometers; within the CCIC, the main targets are located in a corridor of approximately five kilometers north-south and twelve kilometers east-west, connected by an existing road network.
At the corporate level, Sitka also cites strengthening its financing position through oversubscribed financings totaling more than US$40 million. In addition, CEO Cor Coe was named “Yukon Prospector of the Year 2025.” At the same time, Sitka began collecting basic environmental data to support later permitting planning and expanded its committees and advisory capacities by adding additional experts to its board and advisory board.
All in all, Sitka Gold has identified the following priorities for the next exploration and development phase of the RC Gold Project after a labor-intensive 2025: further develop resource estimates, systematically evaluate new drill targets, and further consolidate the geological basis in the CCIC and at the regional level in the Yukon.
Now that precious metals prices are record highs and Sitka is about to embark on its fully-funded 60,000 metre drill, in order to follow up on last year’s success, the company could very well be looking forward to another transformational year of rapid progress in the Yukon.
