Resource Expansion and New Targets in Focus
The timing couldn’t be better! As the gold price once again rushes from one record high to the next, Canadian gold explorer Sitka Gold (WKN A2JG70 / TSXV SIG) announces that preparations for the new drilling program on the RC Gold project in Yukon have begun. With 30,000 drilling meters, this fully funded program will be twice as extensive as all previous drilling on RC Gold combined!
Sitka recently presented an updated resource estimate for the 100% company-owned project, more than doubling the number of contained gold ounces. These now amount to 1.3 million ounces of gold in the indicated category and 1.5 million ounces in the inferred category. The increase is largely based on drilling at the Blackjack deposit, which now contains 1.29 million ounces of gold at an average of 1.01 g/t gold in the indicated category and 1.04 million ounces of gold at an average of 0.94 g/t gold in the inferred category. (We reported.)
Expansion of the Blackjack Deposit and New Targets in Focus
With the largest drilling program ever conducted on RC Gold, CEO Cor Coe’s company wants to focus this year primarily on expanding the Blackjack resource, which remains open for extensions in all directions, and converting more ounces to higher resource categories. Additionally, further known gold mineralization in the so-called Clear Creek Intrusive Complex (CCIC) will be tested with drilling, including the Eiger deposit, which also remains open in all directions, as well as the Saddle, Rhosgobel, Contact, and Pukelman target areas.
At the end of last year, Sitka had already conducted its first own drilling on the Rhosgobel target, significantly expanding the depth to which gold mineralization had been proven so far – now to at least 300 meters. The company completed two drill holes that contained numerous occurrences of visible gold and showed impressive intervals of high gold mineralization. The analysis yielded up to 119 meters with 1.05 g/t gold, including 37.9 meters with 2.05 g/t gold and 11.5 meters with 4.32 g/t gold.
No wonder Sitka CEO Coe is looking forward to the upcoming drilling season with great anticipation: “We are very excited to begin preparations for our 2025 diamond drilling program at RC Gold, aiming to get a significant head start on this year’s drilling season with a winter drilling program,” said Cor Coe, Director and CEO of Sitka. “Since 2022, we have built RC Gold from an initial discovery drill hole to a very impressive gold resource with limited drilling, which has the potential to grow substantially. With 30,000 meters of planned drilling for 2025, which is more than double the total drilling we have done on the project to date, we are well on our way to rapidly advancing RC Gold this year with extensive expansion drilling at the Blackjack and Eiger deposits, as well as follow-up drilling at the other intrusion-related gold targets within the Clear Creek Intrusive Complex, including the Rhosgobel and Pukelman intrusions where drilling last year confirmed robust gold mineralization similar to that observed in the Blackjack deposit.”
It looks like Sitka shareholders and interested parties are in for an exciting drilling season, which not only takes place in an almost perfect gold price environment but will also begin before most other explorers can even prepare.
