In this company update, I reconnect with Mike Burke, Director and Vice President of Corporate Development at Sitka Gold (TSX.V:SIG – OTCQB:SITKF – FRE:1RF), to discuss the latest drill results from the RC Gold Project in Yukon.
Following up on hole 75, which returned the deepest and highest-grade intercept to date, Mike walks us through the results from hole 76, drilled from the same pad but at a steeper angle. This hole intercepted two key zones of mineralization, including:
- 94m of 1.15 g/t gold, including 12.2m of 4.55 g/t
- 86m of 1.65 g/t gold, including 25m of 5.04 g/t
The company is targeting deeper underground potential at the Blackjack zone, stepping out systematically to define the high-grade core. Mike explains how hole 76 supports the idea of continuity and depth potential, even as the geology shifts between intrusive and metasedimentary zones.
Mike also outlines Sitka’s fully funded 30,000-meter drill program, including:
- Active drilling underway with one rig deepening hole 76
- Three more rigs coming online through May
- 15,000 meters focused on Blackjack, Saddle, and Eiger zones
- Additional follow-up at earlier-stage Pukelman and Rhosgobel targets
- $25M in the treasury providing a clear runway for exploration
Click here to review the full news release and cross-sections, and leave your questions for Mike in the comments or email us directly. My email address is Fleck@kereport.com.