Mike Burke, Vice President of Corporate Development at Sitka Gold (WKN A2JG70 / TSXV SIG), discusses this year’s 30,000-meter drilling program at the RC Gold Project in Yukon and the brand new Rhosgobel gold discovery.
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About the RC Flagship Gold Project
The 100%-owned RC Gold Project consists of a contiguous 431 square kilometer land package in the heart of the Tombstone Gold Belt in Yukon. The project is located approximately 100 kilometers east of Dawson City, which has a 5,000-foot paved airstrip, and is accessible via a secondary gravel road from the Klondike Highway, which is accessible year-round and is approximately two hours by car from Dawson City. It is the largest consolidated land package strategically located midway between the Eagle Gold Mine and the formerly producing Brewery Creek Gold Mine.
The RC Gold Project now has pit-constrained mineral resources contained in two zones: the Blackjack and Eiger gold deposits with 1,291,000 ounces of gold in 39,962,000 tonnes at a grade of 1.01 g/t gold in an indicated category and 1,044,000 ounces of gold in 34,603,000 tonnes at a grade of 0.94 g/t in an inferred category at Blackjack and 440,000 ounces of gold in 27,362,000 tonnes at a grade of 0.50 g/t gold in an inferred category at Eiger. These resource estimate figures are supported by the recently updated technical report for RC Gold, prepared in accordance with NI 43-101 standards and entitled “Clear Creek Property, RC Gold Project NI 43-101 Technical Report Dawson Mining District, Yukon Territory”. It was prepared by Ronald G. Simpson, P. Geo., of GeoSim Services Inc. with an effective date of January 21, 2025. This report is available on SEDAR+ (http://www.sedarplus.ca) and on the company’s website www.sitkagoldcorp.com.
Both deposits begin at surface, are potentially open-pittable, and amenable to heap leaching. Initial bottle roll tests indicate that the gold is non-refractory and exhibits high gold recoveries of up to 94% with minimal NaCN consumption.
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