Sitka Gold Announces Maiden Resource Estimate at Its Rhosgobel Gold Deposit and Expands Total Mineral Resource Estimate at the RC Gold Project, Yukon

Core Insights - Sitka Gold Corp. announced an updated Mineral Resource Estimate (MRE) for the RC Gold Project, which includes significant new resources from the Rhosgobel Gold Deposit and updates for the Eiger Gold Deposit [1][2][4] Resource Estimates - The updated MRE includes an initial resource estimate for the Rhosgobel Gold Deposit of 2,250,000 ounces of gold inferred (100.68 million tonnes at 0.70 g/t Au) [2][10] - The Eiger Gold Deposit now has an updated resource estimate of 535,000 ounces of gold inferred (32.14 million tonnes at 0.52 g/t Au) [2][10] - The Blackjack Gold Deposit has an indicated resource of 1,291,000 ounces of gold (39.96 million tonnes at 1.01 g/t Au) and an inferred resource of 1,044,000 ounces of gold (34.60 million tonnes at 0.94 g/t Au) [2][10] Total Resource Summary - The total MRE for the RC Gold Project now stands at 1,291,000 ounces of gold indicated and 3,829,000 ounces of gold inferred, with contributions from Rhosgobel, Blackjack, and Eiger deposits [10][27] - The Rhosgobel deposit shows strong continuity of gold mineralization starting at surface, indicating scalability and development potential [4][9] Drilling and Exploration Plans - Sitka Gold plans to conduct 60,000 meters of diamond drilling in 2026, effectively doubling the total drilling completed to date, focusing on expanding known resources and exploring high-priority targets [5][10] - The company has allocated 30,000 meters of drilling specifically for the Rhosgobel deposit this year, anticipating significant resource growth [4][10] Metallurgical Testing - Initial metallurgical testing of the Rhosgobel deposit indicated gold recoveries of 89% and 96%, confirming the non-refractory nature of the gold mineralization [10][28] - The presence of significant tungsten mineralization in the Rhosgobel deposit is also noted, with ongoing analytical work to define tungsten values [10][11] Technical Reporting - A National Instrument 43-101 Technical Report detailing the mineral resource estimates is in preparation and will be filed on SEDAR within 45 days of the announcement [3][17]