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 Continues to Expand High-Grade Gold Mineralization at the Blackjack Deposit, Drilling 94.5 Metres of 1.62 g/t Gold, Including 2.0 Metres of 11.85 g/t Gold, and an Additional Interval of 197.0 Metres of 1.06 g/t Gold, Including 2.0 Metres of 9.95 g/t

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

By The Northwire Desk — AI Analysis Jun 23, 2026 · 06:31 SIG · 1.05 Sitka Gold Corp.
Executive Summary
  • Sitka Gold Corp. reported assay results from six new diamond drill holes at its Blackjack deposit, highlighting broad, high-grade gold intercepts that continue to expand the known mineralized zone.
  • Drillhole DDRCCC-26-125 returned 94.5 m @ 1.62 g/t Au, including 2.0 m @ 11.85 g/t Au, alongside a separate interval of 197.0 m @ 1.06 g/t Au, including 2.0 m @ 9.95 g/t Au.
  • Approximately 18,000 meters of expansion drilling have been completed across 40 holes at Blackjack since the last Mineral Resource Estimate (MRE) in January 2025, effectively doubling the drilling data used for the current resource model.
  • The company is actively executing its fully-funded 60,000-meter 2026 diamond drilling program, with six rigs currently operating across the Blackjack, Rhosgobel, and Saddle targets.
  • Initial bottle roll testing confirms non-refractory characteristics for Blackjack/Eiger, showing ~85% average recovery (77.6–93% via gravity + cyanidation). Rhosgobel shows 89–96% Au recovery and 84.7% W recovery in rougher concentrate.
Material Impact
  • The June 23, 2026 release is a standard exploration update that confirms the continuity and high-grade nature of the Blackjack deposit.
  • Given the company's aggressive 60,000-meter drilling campaign launched in early 2026, these results are expected and incremental. They do not introduce new geological surprises or alter the fundamental project economics.
  • The market has already priced in the Rhosgobel discovery, the updated MREs, and the fully-funded drilling program. This release serves as validation of the exploration strategy rather than a catalyst for re-rating.
  • No material change to the company's valuation drivers or risk profile is evident from this update.
SIG · Price
Company Overview
  • Sitka Gold Corp. is an exploration-stage company focused on the RC Gold Project, a 447 km² contiguous land package in Yukon's Tombstone Gold Belt.
  • The project features three at-surface, road-accessible, pit-constrained deposits: Blackjack, Rhosgobel, and Eiger.
  • Geology is characterized by Reduced Intrusion-Related Gold Systems (RIRGS) within the Clear Creek Intrusive Complex.
  • Metallurgical testing indicates non-refractory gold with high recovery rates (~85% for Blackjack/Eiger, ~94% for Rhosgobel). Tungsten mineralization at Rhosgobel shows promising recovery (~84.7%), adding a potential critical minerals by-product dimension.
  • The company is in the early stages of the Lassonde Curve, with no mineral reserves and no economic studies completed to date.
Read the original news release →

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