Northwire Canada EditionSaturday, July 11, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

Sitka Provides Update on the 2026 Diamond Drilling Program Underway at Its RC Gold Project, Yukon

Sitka Gold Drilling Update Confirms Visible Gold at Yukon Project Amidst Pending Assays

By The Northwire Desk — AI Analysis Apr 29, 2026 · 08:31 SIG · 0.9 Sitka Gold Corp.
Executive Summary
  • Operational Progress: Sitka Gold reports visible gold in all completed 2026 drill holes at Blackjack and Rhosgobel targets within its RC Gold Project.
  • Drilling Status: The ongoing 60,000-metre diamond drill program has completed 5,500 metres across six holes; four rigs are active with two more expected soon.
  • Mineralization: Coarse scheelite (tungsten mineral) identified at Rhosgobel alongside gold. Assays for initial holes are pending.
  • Resource Context: RC Gold Project hosts an indicated MRE of 1,291,000 ounces and inferred MRE of 3,829,000 ounces of gold (as per March 2026 filing).
  • Management Commentary: CEO Cor Coe describes visual results as "highly encouraging" and notes expansion beyond known mineralized envelopes.
Material Impact
  • Routine Nature: This release is an operational update on a program announced in February 2026 (commencement of 60,000m drill). It confirms execution but does not provide new assay grades or resource estimates yet ("All assays... currently pending").
  • Positive Sentiment: Visible gold in all holes validates the geological model and drilling strategy. The confirmation of tungsten mineralization adds a potential by-product narrative established in April 15 news.
  • Lack of Surprise: Given the fully funded status ($45M cash) and aggressive program announced previously, this progress is expected. It does not materially alter valuation until assay results are released.
  • Risk Mitigation: The company remains debt-free with sufficient treasury to complete the 2026 program without immediate dilution risk.
SIG · Price
Company Overview
  • Company: Sitka Gold Corp. (TSX-V: SIG, FSE: 1RF, OTCQB: SITKF).
  • Flagship Project: RC Gold Project in Yukon’s Tombstone Gold Belt (431 km² land package).
  • Key Deposits: Blackjack (Indicated + Inferred), Rhosgobel (Maiden Inferred), Eiger (Inferred), Saddle, Pukelman-Contact.
  • Status: Exploration/Development stage. No production guidance disclosed.
  • Ownership: 100% owned RC Gold Project; Nevada and Arizona assets planned for spin-out to a newco.
  • Geology: Intrusion-related gold system (RIRGS) with visible gold observed in nearly all drill holes across targets.
Read the original news release →

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