Sitka Gold – RC Gold Project Drill Results: Expands Near-Surface Gold at Rhosgobel, 152m of 1.0 g/t Au
In this KE Report company update, we speak with Mike Burke, Director and VP of Corporate Development at Sitka Gold (TSX.V: SIG – OTCQB: SITKF – FRE: 1RF), to recap the latest drill results from the Rhosgobel zone, part of the company’s large-scale RC Gold Project in Yukon.
Key Interview Highlights:
- Strong early results from Rhosgobel:
- Holes 3 and 5 returned up to 152m of 1.0 g/t Au (hole 3), including higher-grade intervals – all starting near surface.
- Holes 3 and 5 returned up to 152m of 1.0 g/t Au (hole 3), including higher-grade intervals – all starting near surface.
- Expansion underway:
- 18 holes drilled at Rhosgobel to date; ~4,000m of 10,000m planned now completed.
- Strike length now extends 900m based on step-out drilling.
- 18 holes drilled at Rhosgobel to date; ~4,000m of 10,000m planned now completed.
- Open at depth:
- Mineralization traced from surface to 200m depth, with visible gold in deeper intervals still awaiting assays.
- Interpreted as steeply dipping, east-west trending vein system.
- Mineralization traced from surface to 200m depth, with visible gold in deeper intervals still awaiting assays.
- How it compares:
- Rhosgobel could rival the Blackjack and Eiger zones (2.8Moz combined) in tonnage, with comparable or better grades.
- Rhosgobel could rival the Blackjack and Eiger zones (2.8Moz combined) in tonnage, with comparable or better grades.
- What’s next:
- Two rigs remain active at Rhosgobel; two more now drilling at the Pukelman-Contact zone.
- Potential to deliver an initial Rhosgobel resource by Q1 2026.
- Two rigs remain active at Rhosgobel; two more now drilling at the Pukelman-Contact zone.
Sitka is advancing four key zones across the RC Gold Project in 2025, targeting both resource growth and new discoveries.
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.
Talon moving on news.
Schwab US using wrong closing cost for Sotstice Gold “ONLY IN Customer Accounts”. Customer accounts show +133% whereas Schwab and the OTC show actual closing value limiting gains to a correct +15%. This is a repetitive over night activity.
https://www.fibonomics.com/2025/08/agnico-eagle-top-gold-company.html
Agnico Eagle : All Time Low to All Time High
First Stock Split Soon?
Wouldn’t it be nice to see a miner doing a split that is not a reverse split. Retail investors will be so contused. 🙂
Almost Revolutionary!
Looks like another “cap and walk-back” day.
If Mitch Krebs- CDE- doesn’t have stellar earnings today @4pm, his head has to be on the block
Good point Marty. I added more CDE to my stack earlier this week in anticipation of this earnings report that is to be released imminently. (I still don’t see it out yet) but it said it would be out after close of business today.
They have an earnings call scheduled for tomorrow as well.
I believe this is going to be the first “full” quarter with Las Chispas contribution in the mix, as last quarter in Q1 it was only a partial quarter of contribution due to how the closing of the SilverCrest acquisition timed out on Feb 14th.
Hopefully CDE will get some market love from that Valentines Day acquisition, now that folks will see the full impact, and with higher average silver and gold prices to boot for Q2.
Coeur Reports Second Quarter 2025 Results
6 Aug 2025
“Coeur Mining, Inc. (NYSE: CDE) today reported record second quarter 2025 financial results, including revenue of $481 million and cash flow from operating activities of $207 million. The Company reported record quarterly GAAP net income from continuing operations of $71 million, or $0.11 per share. On an adjusted basis1, Coeur reported record quarterly EBITDA of $244 million, record cash flow from operating activities before changes in working capital of $162 million and record net income from continuing operations of $127 million, or $0.20 per share.”
https://www.businesswire.com/news/home/20250806132770/en/Coeur-Reports-Second-Quarter-2025-Results
– record quarterly GAAP net income
– record quarterly EBITDA
– record cash flow from operating activities before changes in working capital
– record net income from continuing operations
(That a lot of records for Coeur’s Q2)
We’ll see what Mr. Market makes of it for tomorrow’s trading session, and if the current valuation had all of this already factored in or not.
Both SLV and AGQ show shallow uptrending.
Busting through could mean 41.52
then maybe Southbound.
That record GAAP of $0.11/share would have been substantially more if CDE hadn’t issued 120,000,000 new shares in Q2. I won’t be buying those shares at around $9, after making good money on them going back to early 2000’s.
CDE downgraded to underweight by ISS EVA.
Thanks for the update on Sitka.