Sitka Gold Updates Rhosgobel Gold Deposit Mineral Resource Estimate to Include Tungsten and Silver
Sitka upgrades Rhosgobel resource with tungsten and silver by-products, cementing its multi-commodity potential as a 60,000m drill blitz accelerates.
The most recent news release, dated May 14, 2026, details an updated Mineral Resource Estimate for the Rhosgobel deposit at the RC Gold Project in Yukon. The MRE now formally includes significant quantities of silver and tungsten alongside gold, transforming Rhosgobel into a multi-commodity deposit. The pit-constrained inferred resource for Rhosgobel includes 2.25 Moz gold, 2.93 Moz silver, and 51,345 tonnes of tungsten. This update consolidates the RC Gold Project's total gold resource to 1.29 Moz indicated and 3.83 Moz inferred. This release follows directly from the positive metallurgical testwork announced on May 4, 2026, which showed 94.3% gold and 84.7% tungsten recoveries.
The core of this news—the formal inclusion of silver and tungsten into the Rhosgobel resource model—is a direct and expected follow-up to the metallurgical recovery results released just ten days prior. The market was already primed for this update. The gold content of the resource (2.25 Moz) remains unchanged from the maiden MRE announced on February 25, 2026, and subsequent technical report filed on March 31, 2026. Therefore, this release does not contain fundamentally new or unexpected information regarding the scale of the deposit. The quantification of the by-product metals is a positive incremental step in de-risking the project's potential future economics, but it does not constitute a material re-rating event. The ongoing 60,000m drill program, with 9,000m completed, and the pending assay results are more significant potential catalysts for future resource expansion, but this specific news item is a routine confirmation of previous positive developments.
Sitka Gold Corp. is an exploration company focused on its 100%-owned, 431 km² RC Gold Project in the Yukon's Tombstone Gold Belt. The project hosts multiple intrusion-related gold deposits (Blackjack, Eiger, Rhosgobel) and high-priority exploration targets (Saddle, Pukelman-Contact, Bear Paw) within the Clear Creek Intrusive Complex. The project is road-accessible and hosts over 5.1 Moz of total gold resources across all deposits, with significant near-surface, open-pit potential. A large, fully-funded 60,000m drill program is underway in 2026 to double the total project drilling and expand all known deposits.