Sitka Gold (TSX-V: SIG; Frankfurt: 1RF; OTCQB: SITKF) just announced the latest drill results and an update on the ongoing 30,000-meter diamond drilling program at the company’s RC Gold Project in the productive Tombstone Gold Belt (Yukon). According to CEO Cor Coe, the latest results clearly indicate that the existing Blackjack deposit can be expanded by significant ounces. At the same time, strong hits in the nearby Saddle Zone confirm the consistency of near-surface, high-grade gold mineralization within the conceptual Blackjack pit envelope!
Saddle Drilling Confirms High-Grade, Near-Surface Gold Zones
In the Saddle Zone, 11 drill holes totaling 2,918 meters have been completed to date in 2025. Drill holes DDRCCC-25-086, -093, and -096 have now returned multiple intersections of over 1 g/t gold from surface: 34.4 meters at 1.47 g/t gold from 1.5 meters; 27.7 meters at 1.90 g/t gold from 3.0 meters; and 26.7 meters at 1.82 g/t gold from 2.3 meters – including 4.0 meters at 7.8 g/t gold. The mineralization is currently located approximately 300 meters east of the current mineral resource outline, but within the proposed pit outline of the Blackjack deposit and therefore has the potential to add new ounces to the resource!
Noteworthy: Drill hole DDRCCC-25-089, drilled from Saddle towards Blackjack, intersected 32.2 meters at 1.18 g/t gold from 213.0 meters, including 4.0 meters at 4 g/t gold from 236.0 meters – indicating a possible new mineralized zone in the planned pit area between the Blackjack resource and Saddle!
Blackjack: Eastern Resource Expansion in Sight
Sitka Gold has drilled 15 holes totaling 7,576 meters at the Blackjack deposit so far in 2025. Four follow-up holes (DDRCCC-25-083, -090, -091, -092) targeted the extension of the mineralization reported in DDRCCC-23-047. In particular, 083 and 092 – at the eastern edge of the current mineral resource estimate – intersected significant intervals of metasedimentary rock with swarms of megacrystalline quartz monzonite (MCQM) and granodiorite dykes on the hanging wall (east side) of the multiphase main intrusion.
Results: 250.7 meters at 0.46 g/t gold from 116.0 meters and 73.0 meters at 1.06 g/t gold from 402.0 meters (drill hole 083) and 145.0 meters at 0.92 g/t gold from 195.8 meters (drill hole 092). This confirms extensive gold mineralization in layered quartz-sulphide veins at the margins of the intrusion body – also with the potential to deliver additional ounces in an updated MRE.
Rhosgobel & Co.: Visible Gold along 7 Kilometers of Trend
Sitka’s latest discovery, Rhosgobel, continues to grow: visible gold has been observed multiple times in several completed drill holes over a strike length of 1.1 kilometers; a total of 35 drill holes have now been completed there. Visible gold has also been found at the Eiger, Pukelman, Contact, and Bear Paw target areas. The results of 55 drill holes – spread over approximately 7 kilometers within the Clear Creek Intrusive Complex (CCIC) and including Blackjack, Saddle, Eiger, Pukelman, Contact, Rhosgobel, and Bear Paw – are still pending.
Eiger Deposit: Western and Deep Extension
Drilling at Eiger continues to show reduced, intrusion-related gold mineralization within the Eiger intrusions. The known zone has been extended by approximately 50 meters to the west and approximately 120 meters at depth. To date, 10 drill holes have been completed; below the current resource estimate, the drills encountered well-mineralized diorite with numerous layered quartz veins. Visible gold was observed in several veins, often associated with bismuthinite. Assays from 8 drill holes are pending.
Pukelman/Contact: Confirmed Structures, Multiple Visible Gold Occurrences
In 2025, Sitka drilled a total of 81 diamond drill holes over 29,264 meters so far within the Blackjack–Saddle–Eiger corridor and at the Rhosgobel, Pukelman, Contact, and Bear Paw Breccia targets. The program is running with four drill rigs, is under budget and ahead of schedule. Given the consistently observed, reduced, intrusion-related gold mineralization – including visible gold in all zones drilled to date – the company plans to exceed the original 2025 target of 30,000 meters.
Four Drill Rigs, under Budget, ahead of Schedule – Sitka to Increases Drill Meters
In 2025, Sitka has drilled a total of 81 diamond drill holes totaling 29,264 meters within the CCIC in the Blackjack–Saddle–Eiger corridor, as well as at the Rhosgobel, Pukelman, Contact, and Bear Paw Breccia targets. The program is running with four drill rigs, is under budget, and ahead of schedule. Given the consistently observed reduced, intrusion-related gold mineralization – including visible gold in all zones drilled to date – the company plans to exceed the originally targeted 30,000 meters for 2025.
CEO Cor Coe speaks of an “emerging large and robust gold system” in the Yukon. The combination of near-surface, higher-grade intersections in Saddle (34.4 m at 1.47 g/t; 27.7 m at 1.90 g/t; 26.7 m at 1.82 g/t including 4.0 m at 7.8 g/t) and the resource expansion opportunity at the eastern Blackjack edge (including 250.7 m at 0.46 g/t; 145.0 m at 0.92 g/t) stands out in our perspective. With 55 assay results pending across a total of 7 kilometers of trend and a clear plan to increase drilling capacity beyond 30,000 meters, a steady stream of potentially share price-relevant results can be expected – with leverage on potential resource updates at Blackjack, contributions from Saddle, and additional ounces from Eiger and the satellite targets Rhosgobel, Pukelman, Contact, and Bear Paw. In the current very positive market environment – gold trading above $3,500 per ounce – Sitka Gold could be in for a hot fall despite the already significant rise in the share price in recent weeks and months!
