Sitka Gold: Potential for a New Multi-Million-Ounce Gold Deposit

Sitka Gold (TSX-V:SIG; FSE:1RF; OTCQB:SITKF) is rapidly expanding the footprint of its “Rhosgobel” gold discovery at the Clear Creek Complex of the RC Gold Project in Yukon. Visible gold has been observed in 16 of 22 drill holes completed to date over a strike length of approximately 900 meters along the 2.0 km x 1.5 km gold-in-soil anomaly. Both drill holes DDRCRG-25-006 and DDRCRG-25-004, released today, again yielded gold grades of more than 100 gram-meters (gold grade x length). This means all six Rhosgobel drill holes released so far are above this mark, while 16 more Rhosgobel drill results are currently pending.

Drill hole DDRCRG-25-006 intersected 166 meters averaging 1.14 grams of gold per tonne (g/t) from surface, including 8 meters of 4.86 g/t gold from surface. Drill hole DDRCRG-25-004 intersected 239.9 meters of 0.60 g/t gold, including 20 meters of 1.02 g/t (from surface), 18 meters of 1.36 g/t (from 100 m depth), and 14.1 meters of 1.06 g/t (from 138.8 m depth). The company has already drilled 22,677 meters in 62 drill holes in 2025; results from 48 drill holes are still pending.

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Figure 1: A plan view of the Rhosgobel intrusion with the 2025 drill holes. The target is underpinned by a large 2.0 km x 1.5 km gold-in-soil anomaly covering the central part of the intrusion. The yellow stars each mark visible gold in drill holes.

Rhosgobel – Largest Intrusion in the Clear Creek Complex

Cor Coe, Director and CEO of Sitka Gold, commented: “Rhosgobel is the largest intrusion within the Clear Creek Intrusive Complex. Our drilling there continues to confirm that we have made a very significant gold discovery. We are still in the early stages of drilling at Rhosgobel, but we have already observed multiple occurrences of visible gold in several drill holes along a 900-meter section of the interpreted zone, with the first six diamond drill holes ever drilled at this target all yielding intercepts of more than 100 gram-meters (g/t*m) gold.”

The potential for the Rhosgobel intrusion to host a large multi-million-ounce gold deposit comparable to other known deposits in the Tombstone Gold Belt is becoming increasingly clear with these latest results. The gold occurrences at the RC Gold Project are growing rapidly, driven by our recent discovery at Rhosgobel as well as our known deposits at Blackjack and Eiger, both of which remain open for expansion.

Additional Drill Targets and Significant Land Potential

With advanced drill targets at Saddle, Pukelman-Contact, and Bear Paw Breccia, as well as a strong pipeline of additional targets and the potential for new discoveries on our 431 square kilometer, road-accessible claim block, the potential for further resource growth at RC Gold is significant.”

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Figure 2: Cross-section of drill holes DDRCRG-25-003 and 004. Assay results show strong gold values, with drill hole 004 intersecting an average of 1.02 g/t gold over 20.1 m from surface within the broader intercept grading 0.6 g/t gold over 238.0 m from surface.

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Figure 3: Cross-section of drill holes DDRCRG-25-005, 006, and 011 showing gold mineralization of >1 g/t from surface. All drill holes intersected similar mineralization, with highlight assay results for drill hole 006 yielding 1.14 g/t gold over 166.0 m including 8.0 m of 4.86 g/t gold from surface.

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Figure 4: A plan view of the Clear Creek Intrusive Complex (CCIC) showing the updated resource areas at Blackjack and Eiger, as well as the six additional drill target areas indicated by the mauve hatched areas. The map highlights the numerous drill targets that Sitka has delineated within the CCIC.

Conclusion:
Given the rapid progress at the Rhosgobel target, Cor Coe, CEO of Sitka Gold, reminded that Rhosgobel is the largest intrusion in the Clear Creek Complex, larger than Blackjack and Eiger, which together are known to contain Sitka Gold’s initial gold resource. Furthermore, the pace of exploration at Rhosgobel is much higher than in the early days of the Blackjack discovery. This is partly because Sitka is now much better funded, but also because the company can specifically transfer its experience from the exploration of Blackjack to Rhosgobel. At Blackjack, geologists learned to interpret visible gold as a harbinger of good drill results: At Rhosgobel, visible gold has so far been found in 16 of 22 drill holes. Moreover, based on Blackjack, it is known that the intrusions in the Clear Creek Complex can exhibit long continuous mineralization zones: Therefore, at Rhosgobel, drilling has been deeper from the outset, regularly 150 to 230 m deep. To date, all six published drill results are above the 100 gram-meter mark. The continuity and length of the mineralized intercepts – which Blackjack also demonstrated – will later be extremely efficient in resource calculation, because a few drill holes can potentially define a large volume. Therefore, the thesis that Rhosgobel has the potential for a new multi-million-ounce gold deposit is well-founded. It is quite possible that Rhosgobel will even become the new flagship of the Clear Creek Complex. Meanwhile, discoveries at Blackjack and other targets within the Clear Creek Complex also continue.

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