Sitka Gold Corp. is pleased to announce it has closed its previously announced "bought deal" brokered private placement and a non-brokered private placement for aggregate gross proceeds of $11,862,243. The Brokered Offering was led by Beacon Securities Limited on behalf of a syndicate of underwriters including Agentis Capital Markets Limited Partnership, Paradigm Capital Inc. and Cormark Securities Inc. , consisting of [...]
Sitka Gold Corp. is pleased to announce it has entered into an agreement pursuant to which Beacon Securities Limited , as lead underwriter, on behalf of a syndicate of underwriters , has agreed to purchase, on a "bought deal" private placement basis, 14,705,882 common shares that will qualify as "flow-through shares" within the meaning of the Income Tax Act of the Company at a price of $0.68 per FT Share for gross [...]
DDRCCC-25-075 was drilled to a length of 715.97 metres to test depth continuity of Blackjack gold mineralization and encountered over 130 instances of visible gold Hole 75 confirms strong gold mineralization extends approximately 70 metres northeast from Hole 68 Hole 75 is the first hole to be completed as part of Sitka's fully funded 30,000 metre drill program planned for 2025, the largest drill program ever conducted at [...]
Sitka Gold Corp. is pleased to announce the appointment of Gilles Dessureau, M.Sc., P.Geo., to the position of Vice President of Exploration. Mr. Dessureau will succeed Greg Dawson as V.P. Exploration, who will remain as a Director and transition to the role of Senior Technical Advisor for the company. The Company is also pleased to announce that Brad Thrall, B.Sc., MBA, will join its Technical Advisory team as a [...]
Sitka Gold Corp. announces that, further to the Company's news release dated January 21, 2025 announcing an updated Mineral Resource Estimate at the Blackjack gold deposit, the Company is today filing an independent technical report on its 100% owned RC Gold Project in the Yukon Territory. The technical report, titled "Clear Creek Property, RC Gold Project NI 43-101 Technical Report Dawson Mining District, Yukon [...]
Fully funded 30,000 metre drill program initiated at RC Gold with approximately 15,000 metres allocated to expanding and further defining the wide-open Blackjack gold deposit along with additional drilling at the Saddle target and wide-open Eiger gold deposit 15,000 metres allocated to follow up drilling at the Rhosgobel and Pukelman discoveries and to test additional drill ready targets within the Clear Creek Intrusive [...]
Sitka Gold Corp. is pleased to announce that preparations are currently underway for a winter diamond drilling program scheduled to begin this month at its flagship RC Gold Project , located in the prolific Tombstone Gold Belt in Yukon. The winter drilling campaign will mark the start of a fully funded 30,000 metre diamond drilling program planned for RC Gold this year. The Company recently announced an updated mineral [...]
Updated Mineral Resource Estimate at the Company's 100% owned Blackjack gold deposit located at the RC Gold Project, Yukon using a 0.3 g/t gold cut-off grade: ○ Indicated Mineral Resource: 1,291,000 ounces of gold at a grade of 1.01 g/t ○ Inferred Mineral Resource: 1,044,000 ounces of gold at a grade of 0.94 g/t The updated MRE represents a significant increase in both average grade and contained ounces at the [...]
Sitka Gold Corp. is pleased to summarize the highly successful 2024 exploration season and announce final results from the 2024 diamond drilling program conducted at its road accessible, 431 square kilometre RC Gold Project located approximately 100 kilometres east of Dawson City in Yukon's prolific Tombstone Gold Belt. The mineralized system at the Blackjack deposit continues to grow well beyond the initial resource [...]
A large Reduced Intrusion-Related Gold System has been confirmed and extended at the May-Qu target within the Mid-Cretaceous, Tombstone suite, Bos Stock. This RIRGS system is 22 km from the Blackjack deposit area within the contiguous 431 square kilometre, road accessible RC Gold property. Surface sampling of sheeted quartz veins within the intrusion returned values up to 31.7 g/t Au, and extends the zone of sheeted [...]
Sitka Gold Corp. is pleased to announce that it has signed an agreement with Kluane Drilling Corp. to complete up to 30,000 metres of diamond drilling in 2025 at its road accessible RC Gold Project located in the prolific Tombstone Gold Belt in the Yukon. This will be the largest drilling campaign ever conducted at RC Gold and is anticipated to focus primarily on follow up drilling at the Rhosgobel and Pukelman intrusion [...]
DDRCRG-24-001 returned 164.8 metres of 0.82 g/t gold starting 9 metres from surface, including 119.0 m of 1.05 g/t gold, 37.9 m of 2.05 g/t gold and 11.5 m of 4.32 g/t gold in the first ever diamond drill hole at Rhosgobel. Drilling confirms strong gold mineralization from surface to a depth of at least 300 m. Gold mineralization discovered at Rhosgobel is hosted in feldspar megacrystic quartz monzonite similar to that [...]
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