- Sitka Gold (TSXV:SIG) released new results from seven diamond drillholes at the Rhosgobel discovery on its 431-square-kilometre RC gold project in the Yukon
- Highlights include 107.9 metres of 1.01 grams per ton of gold in drillhole DDRCRG-25-014
- Sitka Gold is a mineral explorer focused on gold, silver and copper projects in Canada and the United States
- Sitka Gold stock has added 182.50 per cent year-over-year and 438.10 per cent since 2020
Sitka Gold (TSXV:SIG) released new results from seven diamond drillholes at the Rhosgobel discovery on its 431-square-kilometre RC gold project in the Yukon, including highlights of 107.9 metres of 1.01 grams per ton (g/t) of gold in drillhole DDRCRG-25-014, as well as 297 m of 0.61 g/t gold from surface in DDRCRG-25-017.
Sixteen of the first seventeen drillholes at the target yielded more than 100 gram-metres of gold over a strike length of 575 m, with mineralization extending for 1.1 kilometres along strike within a 2 km x 1.5 km surface signature supported by a gold-in-soil anomaly measuring more than 500 parts per billion gold.
Sitka’s recently completed 91-drillhole, 31,841-metre program included 43 drillholes at Rhosgobel, all of which encountered significant gold mineralization – including numerous instances of visible gold – beginning at surface and extending to a depth of more than 400 m.
Sitka is also evaluating tungsten potential at Rhosgobel, having sent sample of DDRCRG-25-004 for analysis, following up on the positive results from DDRCRG-24-002, which intersected high-grade tungsten up to 0.61 m of 4.73 per cent WO3 within broad zones of lower-grade mineralization, including 75.5 m of 0.132 per cent WO3. Tungsten mineralization is present in all drillholes completed at Rhosgobel to date.
The RC gold project houses compliant resources in two zones, Blackjack and Eiger, with 1,291,000 ounces indicated and 1,044,000 ounces inferred at Blackjack and 440,000 ounces inferred at Eiger, matching the prospectivity of numerous multi-million-ounce deposits in the region, as detailed in Thursday’s news release.
Management commentary
“We are very pleased with the continued success of our drilling at the Rhosgobel discovery, where results from an additional seven drill holes have significantly expanded the discovery footprint,” Cor Coe, director and chief executive officer of Sitka Gold, said in a statement. “The consistently strong gold grades and broad mineralized intervals, such as 107.9 metres of 1.01 g/t gold from surface in DDRCRG-25-014 and 297 m of 0.61 g/t gold from surface, including 28.5 m of 2.20 g/t gold, in drillhole DDRCRG-25-017, further confirm the strength and continuity of this growing gold system that begins at surface. With visible gold observed in sheeted quartz veining across the entire 1.1-kilometre strike drilled this year and assays now confirming gold mineralization over 575 m of strike, Rhosgobel is rapidly emerging as a significant new gold discovery within our RC gold project. The fact that 16 of the first 17 drillholes have returned intersections exceeding 100 gram-metres of gold further underscores both the scale and consistency of this system. We eagerly await results from the remaining 26 holes completed at Rhosgobel as we continue to define the size and potential of this exciting new gold zone.”
About Sitka Gold
Sitka Gold is a mineral explorer focused on gold, silver and copper. The company is advancing projects in Canada and the United States.
Sitka Gold stock (TSXV:SIG) is up by 2.73 per cent on the news trading at C$1.13 as of 10:02 am ET. The stock has added 182.50 per cent year-over-year and 438.10 per cent since 2020.
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