Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada. The Company is managed by a team of experienced industry professionals and is focused on exploring for economically viable mineral deposits with its primary emphasis on gold, silver and copper mineral properties of merit. Sitka is currently exploring its 100% owned flagship RC Gold Project within the heart of the Tombstone Gold Belt in the Yukon Territory.
On January 19th, 2023 Sitka announced a 43-101 compliant Initial Mineral Resource Estimate of 1,340,000 ounces of gold beginning at surface with an average grade of 0.68 g/t. The total resource was based on 2 zones: the Blackjack Zone and the Eiger Zone. The Blackjack Deposit consists of 900,000 ounces at a grade of 0.83 g/t gold based on drilling from 2020 to 2022 — 22 holes totaling 7,492 metres. During the 2023 and 2024 season the company drilled more than 14,000m at Blackjack including its best hole to date; hole 68 returned 678.1 metres of 1.04 gold from surface including 93.0 metres of 2.75 g/t gold and 5.5 metres of 17.59 g/t gold. This was the deepest hole drilled at Blackjack by approximately 200.0 metres.
On June 24th, 2024 Sitka announced the acquisition of its neighbouring Clear Creek Property adding four high-priority targets for intrusion related gold deposits, increasing it’s land package from 386 sq km to 431 sq km. Initial drilling at the Rhosgobel Intrusion returned 119.0 metres of 1.05 g/t gold and 11.5 metres of 4.32 g/t gold.
Sitka currently has $15 million in the treasury and is preparing for a 30,000 metre diamond drill program at RC Gold in 2025. During the past 3 years Sitka has been one of the few junior mining companies in the Yukon to drill during the winter months allowing the them a head start on the season.
The company is also advancing the Alpha Gold Project in Nevada and currently has drill permits for its Burro Creek Gold and Silver Project in Arizona and the Coppermine River Project in Nunavut.
(1) Simpson, R. January 19, 2023. Clear Creek Property, RC Gold Project, NI 43-101 Technical Report, Dawson Mining District, Yukon Territory.
