Intrusion-Related Gold Deposit

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Sitka Discovers Third Intrusion-Related Gold Deposit; Drills 152.1 Metres of 1.00 g/t Gold from Surface, Including 9.0 Metres of 4.23 g/t Gold, at Its Rhosgobel Target, RC Gold Project, Yukon
Newsfileยท 2025-08-05 08:30
Core Insights - Sitka Gold Corp. has announced the discovery of a third intrusion-related gold deposit at its RC Gold Project in Yukon, with significant assay results from recent drilling [2][3][6] - The initial drilling results indicate strong gold mineralization, with notable intersections including 152.1 meters of 1.00 g/t gold and 114.8 meters of 1.11 g/t gold from surface [3][20][22] - The ongoing 30,000-meter diamond drill program aims to further explore the potential of the Rhosgobel target, which is characterized by a large gold-in-soil anomaly [2][41] Drilling Results - The first drill holes of 2025 at Rhosgobel returned up to 152.1 meters of 1.00 g/t gold, including 9.0 meters of 4.23 g/t gold and 10.0 meters of 2.75 g/t gold in hole DDRCRG-25-003 [3][20] - Hole DDRCRG-25-005 intersected 114.8 meters of 1.11 g/t gold, including 8.6 meters of 3.50 g/t gold [3][22] - All reported holes from Rhosgobel have intersected intervals exceeding 100 gram-metres of gold, confirming the presence of a significant gold system [3][6] Project Overview - The RC Gold Project spans 431 square kilometers and is located in the Tombstone Gold Belt, approximately 100 kilometers east of Dawson City [36] - The project is accessible year-round via a secondary gravel road and is strategically positioned between the Eagle Gold Mine and the Brewery Creek Gold Mine [36] - The project currently has pit-constrained mineral resources, including 1,291,000 ounces of gold at Blackjack and 440,000 ounces at Eiger [37][38] Future Plans - Sitka Gold plans to complete up to 10,000 meters of drilling at Rhosgobel this year, with 18 holes already completed and assays pending for 14 holes [2][3] - Drilling has also commenced at the Pukelman target, where historical data suggests the potential for another reduced intrusion-related gold deposit [4][24] - The company is advancing its exploration efforts with a focus on identifying economically viable mineral deposits [44]