Mike Burke, Director and VP of Corporate Development at Sitka Gold (TSX.V:SIG – OTCQB:SITKF – FSE:1RF), joins me for an update on the company’s latest drill results and financing news from the RC Gold Project in the Yukon. We discuss the standout assays from the Rhosgobel discovery, ongoing exploration progress, and the recently announced $25 million bought-deal flow-through financing that positions Sitka for an expanded 2026 drill program.
Key highlights from the update:
- Best hole to date at Rhosgobel: 235m of 1.11 g/t Au from surface, including 40m of 2.0 g/t and 10m of over 5 g/t Au.
- Exceptional consistency: All first 10 holes returned over 100m grading above 1 g/t Au from surface.
- Growing scale: ~1.2km of strike drilled to date with visible gold logged down to ~300m depth; 42 holes (12,000m) completed with 32 assays pending.
- Tungsten potential: Scheelite mineralization (tungsten) observed throughout drill core; gravity recovery tests underway to evaluate by-product potential.
- 2026 fully funded: $25M flow-through financing (no warrants) supports 50,000–60,000m of drilling next year at ~C$350/m, including continued expansion at Rhosgobel and updates to Blackjack and Eiger resources.
- Resource growth: Existing resource at Blackjack and Eiger totals ~2.8Moz Au (1.3Moz Indicated + 1.5Moz Inferred), with an initial Rhosgobel resource targeted for early 2026.
If you have any follow-up questions for Mike, please email me at Fleck@kereport.com.
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https://sitkagoldcorp.com/
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