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.