Signature Aviation Share Discussion Threads

[stu31] 28/11/2024 00:53

SITKA GOLD SIGNS 30,000 METRE DIAMOND DRILLING CONTRACT FOR 2025 AT ITS RC GOLD PROJECT, YUKON

VANCOUVER, CANADA – November 27, 2024: Sitka Gold Corp. (“Sitka” or the “Company”;) (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) 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 (“RC Gold” or the “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 targets along with further expansion drilling at the Blackjack gold deposit and drill testing other high-priority targets identified elsewhere on the district-scale, 431 square kilometre property.

Kluane Drilling Ltd., a well established, highly experienced drilling company based in Whitehorse, Yukon with over 30 years of experience diamond drilling in the Yukon and around the world, has been contracted to complete up to 30,000 metres of drilling at the Company’s flagship RC Gold Project. Kluane Drilling is dedicated to providing quality drilling services based on technical innovation and human talent and specializes in achieving high drilling production in various drilling environments. Kluane Drilling has proven to be an exceptional contractor for the past two years and Sitka looks forward to continuing to work with them as the Company further advances RC Gold in 2025.

“We are very pleased to have secured the services of Kluane Drilling Ltd. for what will be our largest ever diamond drilling program planned for our RC Gold Project in 2025,” said Cor Coe, Director and CEO of Sitka. “Kluane provided Sitka with exceptional drilling services throughout our winter and summer drilling programs at RC Gold in both 2023 and 2024 and we look forward to continuing to develop the project with them in the coming year as we substantially increase the scale and scope of drilling. The 2024 drilling campaign at RC Gold returned excellent assay results from both the Blackjack gold deposit area and the first ever diamond drill holes at the Rhosgobel intrusion, and has identified visible gold in its first two diamond drill holes at the Pukelman intrusion where assay results are still pending (see news releases dated November 25 and October 31, 2024). We are eagerly looking forward to following up on the success we had this past year and, with over $15 million in cash and no debt, the Company is fully funded to complete the planned work program at RC Gold in 2025. We also look forward to receiving the results from the last six diamond drill holes of the 2024 season totalling 2,774 metres that are still pending from RC Gold, with 2 holes from Pukelman and 4 holes from Blackjack.”

Stock Option Grant
Sitka Gold Corp. also announces that it has granted an aggregate of 5,500,000 incentive stock options (the “Options”;) to officers, directors and consultants of the Company. The Options are exercisable at $0.37 per share for a period of three years from the date of grant and are subject to the policies of the TSX Venture Exchange.


Upcoming Events
Sitka Gold will be attending and/or presenting at the following events*:


American Exploration and Mining Association Conference, Reno, NV: December 1 - 6, 2024
Metal Investors Forum, Vancouver, BC: January 17 - 18, 2025
VRIC, Vancouver, BC: January 19 - 20, 2025
RoundUp, Vancouver, BC: January 20 - 23, 2025
PDAC, Toronto, ON: March 2 - 5, 2025
Swiss Mining Institute, Zurich, Switzerland: March 18 - 19, 2025

*All events are subject to change.


About Sitka Gold Corp.
Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada with over $15 million in its treasury and no debt. 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 advancing its 100% owned, 431 square kilometre flagship RC Gold Project located within the Tombstone Gold Belt in the Yukon Territory. 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.

In January 2023, the Company announced an NI 43-101 compliant initial inferred Mineral Resource Estimate of 1,340,000 ounces of gold(1) beginning at surface and grading 0.68 g/t at its RC Gold Project in Yukon (see news release dated January 19, 2023).

[stu31] 04/11/2024 22:29

From 53 mins

Crescat's Market Call - October 25th, 2024 Commentary

[stu31] 18/10/2024 21:41

Gold's Rise: Impact on Yukon Mining Economics | Sitka Gold Corp Interview

[stu31] 19/8/2024 23:22

Sitka Drills 290.5 m of 1.10 g/t Gold, Including 105.0m of 1.68 g/t Gold, at its RC Gold Project, Yukon

DDRCCC-24-062 (“Hole 62”) returned 290.5 m of 1.10 g/t gold, including 105.0 m of 1.68 g/t gold and 34.5 m of 2.61 g/t gold

DDRCCC-24-061 (“Hole 61”) returned 206.0 m of 0.64 g/t gold including 27.0 m of 1.01 g/t gold and 1.0 m of 23.7 g/t gold

Drilling continues to expand mineralization with persistent higher-grade gold values south of the Blackjack deposit
Multiple occurrences of visible gold noted in DDRCCC-24-067
Second drill now turning at the Rhosgobel Intrusion target on newly acquired property


VANCOUVER, CANADA – August 19, 2024: Sitka Gold Corp. (“Sitka” or the “Company”;) (TSXV:SIG) (FSE:1RF) (OTCQB:SITKF) is pleased to announce recently received assay results from the ongoing 2024 diamond drilling campaign at its road accessible RC Gold Project (“RC Gold” or the “Project”;) located approximately 100 km east of Dawson City in Yukon’s prolific Tombstone Gold Belt. Results from DDRCCC-24-059, -060, -61 and 062 continue to demonstrate strong gold mineralization on the southern continuation of the Blackjack Zone.


Assay highlights from this release include:
DDRCCC-24-062:

● 290.5 m of 1.10 g/t gold from 236.0 m including

105.0 m of 1.68 g/t gold from 421.6 m

34.5 m of 2.61 g/t gold from 492.0 m

7.0 m of 4.41 g/t gold from 516.5 m


DDRCCC-24-061:

● 206.0m of 0.64 g/t gold from 127.5 m including

9.8 m of 1.98 g/t gold from 139.0 m

DDRCCC-24-060:

10.7 m of 0.73 g/t gold from 186.3 m and
29.0 m of 1.12 g/t gold from 246.0 m

DDRCCC-24-059:


●58.0 m of 0.79 g/t gold from 12.0 m including

39.0 m of 1.06 g/t gold from 33.0 m

2.0 m of 12.10 g/t gold from 68.0 m

“Drilling continues to expand gold mineralization south of the Blackjack gold deposit with some of our highest-grade gold intercepts reported to date in Hole 62 which was collared 145 metres southeast of the current pit boundary and 185 metres south of Hole 31, the most southerly hole in the current published resource”, stated Cor Coe, Director and CEO of Sitka Gold. “Step out drilling south of the Blackjack deposit shows that mineralization continues along the newly identified Blackjack Mineralized Corridor which has been traced for several kilometres to the south through the Pukelman West and Rhosgobel intrusions (see Figure 2). Results from recent drilling also demonstrate that gold mineralization appears to strengthen at depth, suggesting a fully preserved intrusion related gold system is present. With two drill rigs now turning we are looking forward to additional expansion drilling at our Blackjack deposit while we drill additional targets at RC Gold including drilling at Rhosgobel which is currently underway.”

[stu31] 04/8/2024 23:53

Sitka Gold Corp. Closes Oversubscribed $3.3 Million Private Placement

VANCOUVER, CANADA – August 2, 2024: Sitka Gold Corp. (“Sitka” or the “Company”;) (TSXV:SIG) (FSE:1RF) (OTCQB:SITKF) is pleased to announce that the Company has closed its previously announced non-brokered private placement for aggregate gross proceeds of approximately $3,354,154 (the “Offering̶1;) through the issuance of: (i) 9,127,273 flow-through units (the "FT Units") sold at a price of $0.22 per FT Unit; and (ii) 5,384,618 charity flow-through units (the “Charity FT Units”) sold at a price of $0.25 per Charity FT Unit.

Each FT Unit consists of one common share of the Company issued as a "flow-through share" (each, a "FT Share") within the meaning of the Income Tax Act (Canada) (the “Tax Act”) and one half (1⁄2) of one common share purchase warrant (each whole warrant, a "Warrant"). Each Charity FT Unit was issued as part of a charity arrangement and consists of one FT Share and one half (1⁄2) of one Warrant. Each Warrant entitles the holder thereof to purchase one non-flow-through common share of the Company at a price of $0.38 for a period of 24 months from the date of issuance.

The Offering, as announced in the Company’s news release dated July 23, 2024 (“Sitka Announces $3M Private Placement Financing”) was oversubscribed. The Company intends to use the net proceeds of the Offering on exploration and development programs on the Company's flagship RC Gold Project in the Yukon Territory and the Coppermine River project in Nunavut., which expenditures will qualify as “Canadian Exploration Expenses” as such term is defined in paragraph (f) of the definition of “Canadian exploration expense” in subsection 66.1(6) of the Tax Act and “flow through mining expenditures” as defined in subsection 127(9) of the Tax Act, which will be incurred on or before December 31, 2025 and renounced with an effective date no later than December 31, 2024, to the purchasers of FT Units and Charity FT Units.

In connection with the Offering, the Company issued 737,248 finder’s warrants (the “Finder’s Warrants”) and paid commissions of $171,425 to certain finders. Each Finder’s Warrant entitles the holder thereof to purchase an additional common share of the Company at a price of $0.38 for a period of 24 months from the date of issuance.

The Private Placement remains subject to final acceptance from the TSX Venture Exchange. All securities issued pursuant to the Offering are subject to a hold period expiring on December 3, 2024, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

Certain insiders of the Company purchased an aggregate of 150,000 FT Units under the Offering, constituting, to that extent, a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities distributed in the Offering nor the consideration received for those securities, in so far as the Offering involves the insiders, exceeds 25% of the Company’s market capitalization.


About Sitka Gold Corp.

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, 431 square kilometre flagship RC Gold Project within the Tombstone Gold Belt in the Yukon Territory with a 15,000 metre diamond drill program planned for 2024. 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.


The Company recently announced an NI 43-101 compliant initial inferred Mineral Resource Estimate of 1,340,000 ounces of gold (1) beginning at surface and grading 0.68 g/t at its RC Gold

Project in Yukon (see news release dated January 19, 2023).

[stu31] 31/7/2024 23:10

Sitka Announces $3 Million Private Placement Financing

VANCOUVER, CANADA – July 23, 2024: Sitka Gold Corp. (“Sitka” or the “Company”;) (TSXV:SIG) (FSE:1RF) (OTCQB:SITKF) announces that the Company intends to complete a non-brokered private placement to raise total gross proceeds of up to $3 million (the “Offering̶0;). The Offering will be comprised of a combination of: (i) flow-through units (the “FT Units“) to be sold at a price of $0.22 per FT Unit; and (ii) charity flow-through units of the Company (each, a “Charity FT Unit“) to be sold at a price of $0.25 per Charity FT Unit.

Each FT Unit will consist of one common share of the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “FT Share“) and one half (½) of one common share purchase warrant (each whole warrant, a “Warrant“;). Each Charity FT Unit will be issued as part of a charity arrangement and will consist of one FT Share and one half (½) of one Warrant. Each Warrant will entitle the holder to purchase one non-flow-through common share of the Company (each, a “Warrant Share“) at a price of $0.38 at any time on or before that date which is 24 months after the closing date of the Offering. The exact number of FT Units and Charity FT Units sold will be determined at closing.

The gross proceeds received from the sale of securities under the Offering is expected to be used for exploration and development programs on the Company’s flagship RC Gold Project in the Yukon Territory and the Coppermine River project in Nunavut.

All securities to be issued pursuant to the above referenced Offering will be subject to a statutory four-month hold period. The Offering is subject to regulatory approval, including the approval of the TSX Venture Exchange.

None of the securities sold under the Offering have been and will not be registered under the United States Securities Act, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Sitka Gold Corp.

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 flagship RC Gold Project within the Tombstone Gold Belt in the Yukon Territory with a 15,000 metre diamond drill program planned for 2024. 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.

[stu31] 31/7/2024 23:00

318.9+9.8m shares in issue (10/24). 398.5m FD. Market Cap C$128m (£75m) at 40c
Cash C$15m+ (11/24).
Management+Insiders 11% Inst 38% HNW 10%. P $5.5m 20c (9/24) $5m 51c (11/24)

website:

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, 431 square kilometre flagship RC Gold Project within the Tombstone Gold Belt in the Yukon Territory with a 15,000 metre diamond drill program planned for 2024. 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.

The Company recently announced an NI 43-101 compliant initial inferred Mineral Resource Estimate of 1,340,000 ounces of gold beginning at surface and grading 0.68 g/t at its RC Gold Project in Yukon

Continue resource expansion diamond drill program at RC Gold, Yukon.
• Regional exploration at RC Gold, Yukon.
• 2024 drilling at Alpha Gold, Nevada to vector towards core of system.
• Drill permitting received for Burro Creek, Arizona.
• Drilling permitted for Coppermine River, Nunavut

11/24 We also look forward to receiving the results from the last six diamond drill holes of the 2024 season totalling 2,774 metres that are still pending from RC Gold, with 2 holes from Pukelman and 4 holes from Blackjack

[buyzantium] 22/3/2021 10:06

Tired of only seeing my last post some 25 days ago. Would like to hear of others experiences.

[buyzantium] 25/2/2021 13:22

Cannot quite believe that I got out at average of 443.407 on 11th January. First thing I have got right for ages.

[jeffian] 22/2/2021 12:45

Does anyone know how the GBP offer works? SIG are being sold in $ and the offer was stated to be "411 pence based on the Announcement Exchange Rate". Is that variable? The market price is now well below 411p. Is this a reflection of the strength of the £ v $?

[jeffian] 08/2/2021 09:32

I must admit I don't get this. Looked like the best and final offer but market still trading above the bid price. Does someone think there's more to come?

[jeffian] 06/2/2021 16:12

Looks like that's as far as it goes. Well done to those selling above.

[mach100] 05/2/2021 21:09

Not sure what yesterday's rise was but it has flown lower today. Sold myself at 429.5p after dithering at 440p because I retained hope of some bidder surfacing. Can;t see it happening now.

[jeffian] 04/2/2021 10:34

Interesting that the market price stays so consistently above the bid price. That usually suggests that the market expects a counterbid but you would have thought something would have appeared by now if so.

[buyzantium] 26/1/2021 15:07

Clearly I got the January 14th date wrong. However the continuing decline in the share price is not particularly encouraging. But what do I know as a minnow private investor with no inside knowledge.