Does everything hang together at RC Gold?

Excellent news from Sitka Gold (CSE SIG / WKN A2JG70), once again! The Canadian gold explorer reports strong drill results from the Yukon, which in particular show the potential to further expand the known gold mineralization significantly.

Specifically, Sitka is announcing results from drill holes DDRCCC-23-048 through DDRCCC-23-054, holes eight through 14, drilled during the 2023 drill campaign at the Company’s RC Gold Project. Results from two additional drill holes are pending.

The highlight of the drill results reported today was certainly hole 54, which returned 84 meters of 1.21 g/t gold directly from surface! Included was a 4 meter section of 5.12 g/t gold and another interval where Sitka assayed 51 meters of 1.52 g/t gold.

In addition, there were the holes:

– 58.1 meters at 0.72 g/t gold, of which,
– 21.6 meters at 1.22 g/t gold,
6.2 meters at 2.85 g/t gold

– 29.0 meters at 0.68 g/t gold and
– 3.9 meters at 4.76 g/t gold

– 32.0 meters at 0.59 g/t gold, of which
– 6.2 meters at 2.85 g/t gold

– 48.0 meters at 0.51 g/t gold, of which
– 29.9 meters at 0.73 g/t gold

Potential for substantial new gold deposit

With these results, Sitka has significantly expanded the known gold mineralization of the Blackjack deposit – and with it the potential for a significant amount of additional ounces of the yellow metal. And since the mineralization remains open in all directions, the end of the line is far from being reached here. What’s more, Sitka CEO Corwin Coe also emphasizes that the Saddle Zone’s potential to contain a substantial new deposit is particularly promising!


Because hole 54 was drilled on the western edge of the Saddle Zone and 450 meters east of the boundary of the Blackjack resource. And because the aforementioned 84 meters of 1.21 g/t gold from surface represent the best drill result to date in this area! Also, since only a handful of holes have been drilled in the Saddle Zone to date, it remains open in all directions. Excitingly, the Saddle underground hosts the project’s largest gold-in-soil anomaly, which also boasts the highest gold grades of any such anomaly on the RC Gold project.

Given that such a large geochemical anomaly is found in the Saddle Zone, and that Sitka has so far only drilled on the periphery of this zone, while the strongest part of the anomaly extends 625 meters east of hole 54, the prospects for future expansion of the Saddle Zone into a significant new gold deposit appear “very promising” according to CEO Coe.

Does everything hang together at RC Gold?

However, as Coe continues, hole 54 also demonstrates the exceptional continuity of gold mineralization throughout RC Gold’s intrusion-related gold system. This is because the Saddle Zone remains open 450 meters toward the Blackjack deposit and 1 kilometer east toward the Eiger deposit. To date, there has been virtually no drilling between these zones. Given its location, however, drill hole 54 strengthens the company’s theory that gold mineralization occurring in the 3 kilometer by 5 kilometer Clear Creek intrusive complex could be connected into a large whole with further drilling. Clearly, Sitka is just scratching the surface at RC Gold. Especially in light of the latest results, the potential still appears enormous.

Disclaimer: GOLDINVEST Consulting GmbH publishes comments, analyses and news on These contents serve exclusively the information of the readers and do not represent any kind of call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they do not in any way replace individual expert investment advice and do not constitute an offer to sell the stock(s) discussed 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. There is no contractual relationship between GOLDINVEST Consulting GmbH and its readers or the users of its offers, because our information refers only to the company, but not to the investment decision of the reader.

The acquisition of securities involves high risks, which can lead to a total loss of the invested capital. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research, however, any liability for financial loss or the content guarantee for timeliness, accuracy, adequacy and completeness of the articles offered here is expressly excluded. Please also note our terms of use.

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

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