Resource upside and new targets in focus

The timing couldn’t be better! While the gold price is once again hitting record high after record high, Canadian gold explorer Sitka Gold (TSXV SIG / WKN A2JG70) has announced that preparations have begun for the new drill program at the RC Gold project in the Yukon. At 30,000 meters, this fully-funded program will be twice as extensive as all previous drilling at RC Gold combined!

Sitka recently announced an updated resource estimate for the 100%-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 due to 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.

Expansion of the Blackjack deposit and new targets in focus

The company of CEO Cor Coe will focus this year on expanding the Blackjack resource, which remains open for expansion in all directions, and converting further ounces into higher resource categories with the largest drilling program ever conducted on RC Gold. In addition, further known gold mineralization in the 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 targets.

Source: Sitka Gold

Late last year, Sitka had already conducted its own initial drilling on the Rhosgobel target, significantly extending the depth at which gold mineralization had previously been detected – to at least 300 meters. The company completed two drill holes that contained numerous occurrences of visible gold and impressive intersections of high-grade gold mineralization. Assays included up to 119 meters of 1.05 g/t gold, including 37.9 meters of 2.05 g/t gold and 11.5 meters of 4.32 g/t gold.

It’s no wonder that Sitka CEO Coe is eagerly awaiting the upcoming drilling season: “We are very pleased to begin preparations for our 2025 diamond drilling program at RC Gold, with a winter drilling program that will give us a significant head start on this year’s drilling season,” said Cor Coe, Director and CEO of Sitka. “Since 2022, we have grown RC Gold from a single initial discovery hole with limited drilling to a very impressive gold resource that has the potential to grow substantially. With 30,000 meters of drilling planned for 2025, which is more than double the total drilling we have done on the project to date, we are on track to rapidly advance 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 Rhos gobel and Pukelman intrusions, where drilling last year confirmed robust gold mineralization similar to that observed in the Blackjack deposit.

It looks as if Sitka shareholders and interested parties are in for an exciting drilling season, not only in an almost perfect gold price environment, but also starting before most other explorers can even get ready.

Disclaimer: GOLDINVEST Consulting GmbH publishes comments, analyses and news on https://goldinvest.de. This content is intended solely for the information of readers and does not constitute any kind of call to action; neither explicitly nor implicitly are they to be understood as a guarantee of any price developments. Furthermore, it is in no way a substitute for individual expert investment advice and does not constitute an offer to sell the share(s) in question or a solicitation to buy or sell securities. This is expressly not a financial analysis, but an advertising/journalistic text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between GOLDINVEST Consulting GmbH and its readers or the users of its offers, as our information relates only to the company and not to the reader’s investment decision.

The acquisition of securities involves high risks that can lead to the total loss of the capital invested. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research, but any liability for financial losses or the guarantee that the content of the articles offered here is up-to-date, correct, appropriate and complete is expressly excluded. Please also note our terms of use.

According to §34b WpHG and §48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, clients or employees of GOLDINVEST Consulting GmbH hold shares in Sitka Gold and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares in the company at any time. In addition, GOLDINVEST Consulting GmbH is remunerated by Sitka Gold for reporting on the company. This is another clear conflict of interest.

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