I’m joined by Mike Burke, Director and VP of Corporate Development at Sitka Gold (TSX.V:SIG – OTCQB:SITKF – FRE:1RF), for an update on the 30,000-meter drill program at the RC Gold Project in Yukon, following the July 10th news release.
Key highlights from the interview:
- All 9 holes at the Rhosgobel target have intersected visible gold, with mineralization confirmed across 250 meters of strike and to 350 meters depth. Positioning Rhosgobel as a strong candidate for Sitka’s third gold deposit.
- The Saddle zone, situated between the Blackjack and Eiger deposits, is also returning visible gold. Drilling here could add ounces within existing conceptual pit limits, enhancing project economics by lowering the strip ratio.
- Assays are pending, with initial results from Blackjack and Eiger expected in the coming weeks and Rhosgobel assays to follow shortly after.
- The program is ahead of schedule and under budget, with drilling costs at ~$350/m.
- A potential resource update is targeted for Q1 2026, depending on assay results and drill density at new zones.
If you have any follow up questions for Mike please email me at Fleck@kereport.com.
Click here visit the Sitka Gold website to learn more about the Company.