Sitka Files Technical Report
Sitka’s technical report confirms a 5.12 million ounce resource, with tungsten and silver deferred while drilling pace remains key.
Sitka Gold Corp. filed an NI 43-101 Technical Report for its 100% owned RC Gold Project in the Yukon Territory, with an effective date of February 25, 2026. The report formally defines a combined Indicated and Inferred Mineral Resource of approximately 5.12 million ounces of gold across three deposits: Blackjack, Rhosgobel, and Eiger.
The company clarified that tungsten trioxide and silver resources previously disclosed for the Rhosgobel deposit were excluded from this technical report to avoid the need for a gold-equivalent cut-off grade under NI 43-101, noting no material differences in the underlying data otherwise. Economic assumptions include a US$2,000/oz gold price for Blackjack and US$3,000/oz for Rhosgobel and Eiger, with a 0.3 g/t Au cut-off grade and 85% recovery.
Metallurgical testing confirms non-refractory characteristics with recoveries ranging from 77.6% to 93% via gravity followed by cyanidation. The company confirmed a 60,000-meter diamond drilling program is planned for 2026 to expand the three known deposits and test high-potential targets, with four rigs currently operating.
Sitka Gold Corp. (SIG) filed a standard regulatory follow-up on July 10, serving as a procedural update to its February 25, 2026 mineral resource announcement. The filing confirms that the resource numbers remain unchanged, with 1.29 million ounces in the indicated category and 3.83 million ounces in the inferred category. The exclusion of tungsten and silver from the current estimate is a procedural adjustment to comply with NI 43-101 reporting standards rather than a downgrade, and management has stated that metallurgical work will continue for future inclusion.
The release contains no new ounces, no change in project economics, and no new catalysts, serving only to validate the technical basis of the project for regulatory compliance. Consequently, market reaction has been minimal, with the stock trading in a tight $1.00-$1.05 range following the release. This aligns with the market’s pricing of a routine filing that had already been anticipated. The company remains fully funded with approximately $43.5 million in cash and zero debt, removing immediate dilution risk for the current drilling campaign.
Sitka Gold Corp. is an exploration-stage gold company focused on its 100% owned RC Gold Project in the Dawson-Mayo District of the Tombstone Gold Belt, Yukon, Canada. The flagship project covers a 447 km² contiguous land package and hosts three at-surface, road-accessible, pit-constrained deposits: Blackjack, Rhosgobel, and Eiger.
The company is in the early stages of the Lassonde Curve, with active drilling, preliminary metallurgical testing, and early environmental and permitting workstreams underway. Management, led by CEO Cor Coe, brings extensive grassroots-to-feasibility experience and a track record of discovering multi-million ounce deposits.
Non-core US assets, including Alpha Gold in Nevada and Burro Creek in Arizona, are planned for spin-out to concentrate capital and management focus on the Yukon project.