Core Insights - Sitka Gold Corp. has reported strong gold results from diamond drilling at the Rhosgobel discovery within its RC Gold Project, significantly expanding the known mineralized zone [1][3][20] - The drilling results indicate a large zone of higher-grade gold mineralization, with visible gold observed in sheeted quartz veins across a strike length of 1.1 km [2][3][20] - The company plans to continue its drilling efforts with up to 60,000 meters of fully-funded drilling planned for the year, focusing on expanding known deposits and discovering new ones [3][20] Summary by Category Drilling Results - Analytical results from drill holes DDRCRG-25-018 to DDRCRG-25-028 have shown significant gold intercepts, including 156.9 m of 1.00 g/t gold in DDRCRG-25-027 and 146.7 m of 1.05 g/t gold in DDRCRG-25-024 [1][2][3] - The mineralized zone at Rhosgobel begins at surface and remains open in all directions, with drilling confirming gold mineralization over a strike length of approximately 975 m [2][20] Mineralization Characteristics - The mineralization is typical of Reduced-Intrusion Related Gold Systems (RIRGS), consisting of sheeted quartz veining, and has been observed to a depth of over 400 meters [1][20] - Tungsten mineralization has also been noted at Rhosgobel, suggesting potential economic by-products from future production [20] Future Plans - Sitka Gold Corp. is preparing to release results from an additional 15 drill holes and has outlined plans for extensive drilling across the RC Gold Project, which includes multiple high-priority targets [3][20] - The company is well-funded with over $45 million in treasury and no debt, positioning it to advance its exploration efforts effectively [48]
Sitka Drills 156.9 Metres of 1.00 g/t Gold, Including 94.0 Metres of 1.41 g/t Gold and 38.0 Metres of 2.03 g/t Gold, Significantly Expanding Known Mineralization at the Rhosgobel Discovery, RC Gold Project, Yukon
TMX Newsfile·2026-01-06 13:30