Core Insights - Sitka Gold Corp. has made significant progress in 2025 at its 100% owned RC Gold Project, which is located in the Tombstone Gold Belt, Yukon Territory, indicating the potential for multiple multi-million ounce gold deposits [1][3][23] Group 1: 2025 Achievements - The company completed a large 32,000 metre drill program, resulting in the discovery of the Rhosgobel gold deposit and significant mineralization across multiple targets [3][5][12] - An updated Mineral Resource Estimate (MRE) for the Blackjack gold deposit showed an increase to 1.291 million ounces of gold at a grade of 1.01 grams per tonne in the indicated category and 1.044 million ounces at 0.94 grams per tonne in the inferred category [5][25] - The company raised over $40 million through oversubscribed financings, strengthening its financial position with a treasury exceeding $45 million [5][23] - Sitka experienced a 169% increase in share price during 2025, driven by positive analyst sentiment and successful drilling results [5][23] Group 2: 2026 Outlook - Sitka plans to conduct a fully-funded 60,000 metre drill program in 2026, which will effectively double the total drilling conducted at the RC Gold Project [5][23] - The company aims to define known deposits to the stage of initiating economic studies and to outline new mineral resource estimates [23][24] - Continued exploration and resource updates are planned to build on the success achieved in 2025 [23][24] Group 3: Project Details - The RC Gold Project encompasses a 431 square kilometre area and is strategically located between the Eagle Gold Mine and the Brewery Creek Gold Mine [24][32] - The project has pit-constrained mineral resources, with significant gold grades and potential for open-pit mining [25][26] - Environmental baseline studies have been initiated to support future mine permitting [21]
Sitka Provides Review of 2025 Highlights and Major Advancements at Its Flagship RC Gold Project, Yukon
TMX Newsfile·2026-01-16 12:30