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Sitka Gold Strengthens Board with Additional Project Development and Capital Markets Expertise
TMX Newsfile· 2026-02-10 14:00
Core Viewpoint - Sitka Gold Corp. has appointed Louis Archambeault as an independent director to its Board, bringing over 20 years of mining industry experience to support the company's strategic development and project advancement [1][2][3][4]. Company Overview - Sitka Gold Corp. is a well-funded mineral exploration company based in Canada, with over $45 million in its treasury and no debt [6]. - The company focuses on exploring economically viable mineral deposits, primarily emphasizing gold, silver, and copper [6]. Recent Developments - The company is advancing its flagship RC Gold Project, which spans 431 square kilometers and has year-round road access [7]. - Sitka has discovered three gold deposits at the RC Gold Project, with significant resources including 1,291,000 ounces of gold in the indicated category and 1,044,000 ounces in the inferred category at Blackjack, as well as 440,000 ounces in the inferred category at Eiger [7]. - An updated technical report is expected to be announced in Q1 of 2026, which will include an initial Mineral Resource Estimate for the newly discovered Rhosgobel deposit [7]. Appointment of Louis Archambeault - Louis Archambeault's appointment is seen as a strategic move to enhance the company's project development capabilities, particularly as it plans a 60,000-meter exploration program and a Preliminary Economic Assessment [4]. - He holds both bachelor's and master's degrees in mining engineering and has a strong background in capital allocation strategy, project financing, and M&A execution [3][4]. Stock Options - In connection with his appointment, Sitka Gold Corp. has granted Mr. Archambeault 700,000 incentive stock options, exercisable at $0.90 per share for three years [5]. Additional Properties - Besides the RC Gold Project, Sitka Gold Corp. has a portfolio of other mineral properties across North America, including the Alpha Gold Project in Nevada, the Burro Creek Gold and Silver Project in Arizona, and the Coppermine River Project in Nunavut, all of which are 100% owned by the company [8].