That was worth the shot! Unlike many other explorers in inhospitable regions of Canada, Sitka Gold (TSXV SIG / WKN A2JG70) is already well advanced with its 2025 drill program, which is mainly due to the excellent infrastructure available. CEO Cor Coe’s company had already presented the results of drill hole DDRCCC-25-076 on the RC Gold project a few weeks ago. (We reported.) In view of the strong gold mineralization at the bottom of this drill hole, the decision was made to deepen it once again. Which has now paid off handsomely!
Originally, Sitka had drilled hole 76, which was intended to expand the Blackjack gold deposit, to a depth of 810.8 meters and had already demonstrated high metal contents, particularly for the gold system under investigation. However, the hole was then drilled further, to a depth of 944.9 meters, and Sitka has now reported that it encountered an additional 65 meters of 2.00 g/t gold from a depth of 806 meters. And this included two intercepts with even higher gold grades, namely 8 meters of 4.80 g/t gold and 6.26 meters of 5.53 g/t gold!
Potential for an Underground Component at Sitka Gold’s Blackjack Deposit
Sitka Gold CEO Cor Coe explains why this result is so significant: “As the deepest hole we have drilled to date, Hole 76 provides further evidence of a potential underground component to the Blackjack gold deposit and demonstrates that nearly a kilometer below the surface where this deposit is located, sections with significant gold values continue to be present. The higher gold grades found at depth in this and other deep holes support the assumption that we could be moving towards the potential source of this gold system.”
In addition, Sitka Gold announces that it will now bring a fourth drill rig to the RC Gold project in the Yukon. This is intended to explore the Rhosgobel intrusion target area, where the company has planned up to 10,000 meters of drilling. This aims to build on the 2024 discovery hole, in which Sitka demonstrated 164.8 meters with 0.82 g/t gold from 9 meters (!) depth. This also included 119.0 meters with 1.05 g/t gold, 37.9 meters with 2.05 g/t gold, and 11.5 meters with 4.32 g/t gold.
This target area is located within a large 1.5 x 2.0 kilometer gold anomaly in the soil, where historical shallow drilling has demonstrated significant gold values. Sitka’s discovery holes show that the gold mineralization continues for at least 300 meters, suggesting the possibility of a large gold deposit here, as CEO Coe further explained.
Visible Gold Observed in Saddle Drill Core for the First Time
As if that wasn’t enough, Sitka has been able to observe visible gold from a drill core in the Saddle Zone for the first time ever, where drills are already turning. There, the company is investigating the possibility that the Saddle Zone connects the Blackjack and Eiger gold deposits. If this assumption is confirmed, in our view, it could once again emphatically demonstrate the potential of the RC Gold project!
Conclusion: Sitka Gold has now demonstrated visible gold in the Blackjack, Saddle, Eiger, Josephine, Pukleman and Rhosgobel target areas, all of which lie within the 5 x 12 kilometers of the so-called Clear Creek Intrusive Complex (CCIC). With 10,000 meters of drilling planned at Rhosgobel, 5,000 meters planned at Pukelman and 15,000 meters of drilling already underway in the Blackjack-Saddle-Eiger corridor, Sitka and its shareholders are literally in for a hot summer with a steady stream of drill results to be expected. If the company is anywhere near as successful as it was at the start of the work, we believe that the stock could reach a whole new level. Let’s see. Goldinvest.de will definitely be following this more than promising story closely!
The company’s full announcement in German translation is available here:
