Northwire Canada EditionWednesday, July 29, 2026
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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Drill Results

Sitka Gold Signs 60,000 Metre Diamond Drilling Contract for 2026 at Its Flagship RC Gold Project in Yukon

Sitka Doubles Down on Yukon Discovery with Fully Funded 60,000-Metre Drilling Blitz

By The Northwire Desk — AI Analysis Dec 18, 2025 · 08:31 SIG · 0.99 Sitka Gold Corp.
Executive Summary

On December 18, 2025, Sitka Gold Corp. announced it has signed a major service contract with Kluane Drilling Ltd. to complete up to 60,000 metres of diamond drilling at its flagship RC Gold Project in the Yukon during the 2026 season. This represents the largest exploration program in the company’s history, effectively doubling the scale of the 2025 campaign. The program is designed to follow up on the 2025 discovery of a third gold deposit at the Rhosgobel intrusion and to expand existing resources at the Blackjack and Eiger deposits. Management confirmed the company is "fully funded" for this massive undertaking, boasting a cash position of over $45 million with zero debt.

Material Impact

The news is materially positive for several reasons: - Scale of Ambition: Moving from a ~32,000m program in 2025 to a 60,000m program in 2026 indicates high confidence in the scalability of the Clear Creek Intrusive Complex (CCIC). - Strong Treasury: The $45 million cash position, bolstered by the $28.5 million premium financing closed in October 2025, removes the "going concern" risk and prevents near-term predatory dilution. - Strategic Continuity: Utilizing the same drilling contractor (Kluane) that has worked on the project since 2023 ensures operational efficiency and continuity of geological data collection. - High Hit Rate: The focus on the Rhosgobel discovery is significant, as 16 of the first 17 holes at that target in 2025 returned >100 gram-metre gold intersections.

SIG · Price
Company Overview

Sitka Gold Corp. is focused on its 431 sq km RC Gold Project in the Yukon’s Tombstone Gold Belt. The project is a Reduced Intrusion-Related Gold System (RIRGS), similar to Kinross’s Fort Knox and Victoria Gold’s Eagle mine. - Flagship Project: RC Gold Project. - Current Resource (Jan 2025): 1.3M oz Indicated (1.01 g/t) and 1.5M oz Inferred. - Key Targets: Blackjack (Indicated core), Eiger (Inferred expansion), Rhosgobel (New discovery), and Saddle (Linkage target).

Read the original news release →

More from Sitka Gold Corp.

Jul 28, 2026 · 08:31

Sitka secures 100% ownership of the Clear Creek RC Gold deposit for $6 million in cash.

M&A / Property Jul 13, 2026 · 08:31

Sitka’s bulk-tonnage RIRGS gold project hosts a 5 moz resource defined by 60 km of drilling across wide intervals with high-grade cores.

Drill Results Jul 10, 2026 · 18:58

Sitka’s technical report confirms a 5.12 million ounce resource, with tungsten and silver deferred while drilling pace remains key.

Resource Estimate Jun 23, 2026 · 06:31

Sitka’s Blackjack step-out validates high-grade continuity, though dilution concerns persist during its fully funded exploration phase.

Drill Results May 27, 2026 · 08:31

Deep Drill Extensions Validate 60k Meter Program at Blackjack, But Data Feed Errors Raise Red Flags

Drill Results May 14, 2026 · 08:31

Sitka upgrades Rhosgobel resource with tungsten and silver by-products, cementing its multi-commodity potential as a 60,000m drill blitz accelerates.

Resource Estimate