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[stu31] 21/2/2025 03:50

SITKA BEGINS 30,000 METRE DIAMOND DRILLING PROGRAM AT ITS FLAGSHIP RC GOLD PROJECT, 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 Complex


VANCOUVER, CANADA – February 20, 2025: Sitka Gold Corp. (“Sitka” or the “Company”;) (TSX-V:SIG) (FSE:1RF) (OTCQB:SITKF) is pleased to announce that it has commenced its 2025 diamond drilling program at its road accessible, 100% owned RC Gold Project (“RC Gold” or the “Project”;) located in the prolific Tombstone Gold Belt in Yukon. The primary focus of the planned 30,000 metre drilling program at RC Gold this year will be to continue expanding the Blackjack gold deposit, which remains open in all directions, and further test gold mineralization within the Clear Creek Intrusive Complex (CCIC), including at the Eiger gold deposit, which also remains open in all directions, and at the Saddle, Rhosgobel, Contact and Pukelman targets (see Figure 1).

“We are very excited to be back at RC Gold with an early start for what will be our largest drilling campaign to date,” said Cor Coe, Director and CEO of Sitka Gold. “Following up on the substantial progress of 2024, the 30,000 metres of diamond drilling planned this year will more than double the total amount of drilling we have completed at RC Gold to date. At Blackjack, drilling will focus on expanding the relatively high-grade gold deposit which begins at surface, remains open in all directions and currently hosts an indicated resource of 1.3 million ounces at 1.01 g/t gold and an inferred resource of 1.04 million ounces at 0.93 g/t gold (see news release dated January 21, 2025). Drilling will also focus on other high-priority targets within the Clear Creek Intrusive Complex, including at Rhosgobel, where the first ever diamond drill holes completed last year discovered up to 119.0 m of 1.05 g/t gold including 37.9 m of 2.05 g/t gold and 11.5 m of 4.32 g/t gold, and at Pukelman where initial diamond drilling discovered robust intrusion related gold mineralization is present similar to that observed at the Blackjack deposit. With this fully funded drill campaign now underway, we look forward to rapidly advancing RC Gold this year as we push to further unlock the value of this impressive gold system.”

2025 Exploration Plans

Blackjack - Saddle - Eiger
Of the 30,000 metres of diamond drilling planned at RC Gold this year, approximately 15,000 metres will be dedicated to drilling within the Blackjack-Saddle-Eiger zone (see Figures 1 and 2). Drilling this winter will be aimed at laterally expanding the wide-open Blackjack gold deposit and further delineating the higher-grade zone discovered at depth in Hole 68 late last year (see news release dated October 21, 2024). The results from Hole 68 returned the best gold intervals discovered to date at Blackjack, with a 678.1 metres interval of 1.04 g/t gold returned from surface which contained numerous higher grade intervals, the most significant being 93.0 metres of 2.57 g/t gold from 589.5 metres. The highest grade intersection returned from the hole was 5.5 metres of 17.59 g/t gold from 598.5 metres, including 1.5 metres of 54.80 g/t gold, suggesting that gold mineralization is getting stronger at depth in the Blackjack system.

This focus will continue through the summer drilling phase along with expansion drilling at the Eiger gold deposit, which currently hosts a 440,000 ounce gold resource that is open in all directions(1), and drill testing at the Saddle target area, which has the largest and strongest gold-in-soil anomaly within the Clear Creek Intrusive Complex area (see Figure 1). While the majority of the recent drilling efforts have been focused on the Blackjack deposit area, the potential to significantly expand and further delineate the Eiger deposit, located approximately 2 kilometres to the east, has always been a goal of the Company and this year Sitka has the resources to push that agenda. The Saddle zone, located between Blackjack and Eiger, is another high-priority target where surface sampling and drill testing have shown there is potential to link gold mineralization between Blackjack and Eiger. Drill testing at the Saddle target in 2023 returned strong gold intercepts including 84.0 m of 1.21 g/t gold from surface in DDRCCC-23-054 which included 4.0 m of 5.12 g/t Au and 51.1 m of 1.52 g/t Au (see news release dated October 30, 2023). Drilling on the eastern periphery of the Blackjack deposit has also returned some significant gold intercepts with DDRCCC-23-046 intersecting 56.0 m of 1.23 g/t Au from 134.0 m and a separate interval of 38.2 m of 4.15 g/t Au from 320.8 m that included 4.3 m of 33.10 g/t Au from 326.1 m and 1.2 m of 108.00 g/t Au from 327.8 m (see news release dated September 11, 2023). These results highlight the potential for robust gold mineralization to continue east of the Blackjack deposit, through the Saddle target and towards the Eiger gold deposit and the Company plans to aggressively drill across this area during the summer field season.

Rhosgobel-Pukelman
The remaining 15,000 metres of this year’s drilling program is assigned to follow up drilling at the Rhosgobel and Pukelman intrusion targets. In late 2024, the Company completed the first ever diamond drill holes at Rhosgobel which significantly increased the depth of known gold mineralization at the target area with gold mineralization now extending from surface to a depth of at least 300 metres. Two holes were completed and returned multiple observations of visible gold and impressive intervals of strong gold mineralization with assays of up to 119.0 m of 1.05 g/t gold including 37.9 m of 2.05 g/t gold and 11.5 m of 4.32 g/t gold (see news release dated November 25, 2024). Mineralization is open in all directions at Rhosgobel where a large 1.5 km x 2 km gold-in-soil surface signature has also been defined and gold mineralization has been confirmed with historic shallow drilling (< 70 m in depth), further highlighting the potential for this target to host a gold deposit of significant size and grade.

The first diamond drill holes ever completed at the Pukelman target last year also confirmed that this intrusion hosts robust gold mineralization similar to that observed at the Blackjack deposit 2.5 kilometres to the north (see news release dated January 7, 2025). These drill holes were collared approximately 500 m north of the Contact Zone at the northern periphery of the target area. Historic drilling at the Contact Zone has returned some impressive gold intercepts, including up to 10.7 m of 20.46 g/t gold in CC10-02. Surface sampling completed by Sitka last year also significantly expanded the gold-in-soil anomaly that outlines the target area produced strong gold values within the target area where rock samples returned up to 67.90 g/t gold further showcasing the potential of this target to host another multi-million ounce gold deposit similar to Blackjack (see news release dated October 21, 2024). Drilling this year will follow up on these impressive results.

Additional drilling and exploration is also proposed this year at other drill-ready, high priority target areas within the CCIC, including at the Bear Paw Breccia and at the Barney, Josephine and Big Creek stocks (see Figure 1).

[stu31] 09/2/2025 20:22

Sitka Gold Corporate Presentation: VRIC 2025

[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 with approximately $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

1/25
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 at Blackjack has a well defined and consistent core of 1 g/t or greater material that extends from surface to a depth of 660 m and remains open in all directions
Initial metallurgical testing indicates that the gold in the Blackjack deposit is not refractory and has high recoveries of up to 94% with minimal NaCN consumption

Feb 25
With 30,000 metres of drilling planned for 2025, which is more than double the total amount of drilling that we have completed to date at the Project, we are on track to rapidly advance RC Gold this year with significant expansion drilling at the Blackjack and Eiger deposits as well as follow up drilling at the other intrusion-related gold targets within the Clear Creek Intrusive Complex, including the Rhosgobel and Pukelman intrusions where drilling last year confirmed robust gold mineralization is present similar to that observed at the Blackjack deposit

Sitka Gold Corporate Presentation: VRIC 2025

[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 $?