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 two 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.
On January 21st, 2025 Sitka announced an updated Mineral Resource Estimate (MRE) for the Blackjack Zone. The updated resource includes 11,725 m of drilling in 25 holes in addition to the 7,074 m of drilling in 21 holes which comprised the initial resource estimate. At a 0.30 g/t gold cut off grade, the updated MRE at Blackjack includes an Indicated resource of 39,962,000 tonnes at 1.01 g/t gold containing 1,291,000 ounces and an Inferred resource of 34,603,000 tonnes at 0.94 g/t gold containing 1,044,000 ounces (Figure 1 and Table 1). A 0.30 g/t cut of grade is achievable because of the nature of the deposit, the good gold recoveries obtained from initial metallurgical testing and the favourable logistics of the RC Project, including year-round road access and proximity to infrastructure.
Sitka currently has $15 million in the treasury and is preparing for a 30,000 metre diamond drill program at RC Gold in 2025
“With 30,000 metres of diamond drilling planned for this year – which exceeds all the drilling we have completed to date at RC Gold – we are on track to rapidly advance what is quickly becoming a multi-million ounce gold camp.” – Cor Coe, Director, Chairman & CEO
(1) Simpson, R. January 19, 2023. Clear Creek Property, RC Gold Project, NI 43-101 Technical Report, Dawson Mining District, Yukon Territory.
