Sitka Gold Confirms Significant Tungsten Mineralization Within the Rhosgobel Gold Deposit, Including 128.0 Metres of 0.115% WO3, at Its RC Gold Project, Yukon
Tungsten Confirmation Validates By-Product Upside, Yet Spin-Out Execution Remains Key Catalyst
Sitka Gold Corp. announced on April 15, 2026, that it has confirmed significant tungsten mineralization within the Rhosgobel gold deposit at its RC Gold Project in Yukon. The release highlights specific drill intercepts, including 128.0 metres of 0.115% WO3 (tungsten trioxide). This follows a large-scale 60,000-metre diamond drilling program currently underway with four rigs operating. The company states that tungsten has the potential to be a high-value economic by-product for the Rhosgobel gold deposit. Metallurgical testwork is in progress to determine recovery rates for a tungsten concentrate. This news serves as an update to previous announcements regarding the Rhosgobel discovery and resource expansion.
- Confirmation of Previous Hints: The potential for tungsten was first flagged in February 2026 releases (e.g., Feb 25, 2026 MRE update) where preliminary assays showed scheelite mineralization. This April release provides specific grade and length data confirming the earlier indications.
- Economic Impact: While positive, the tungsten grades (approx. 0.11% WO3) are moderate for a primary tungsten deposit but potentially valuable as a by-product in a gold operation. It does not fundamentally alter the project's valuation which is driven primarily by gold resources (2.25 Moz inferred at Rhosgobel).
- Market Expectation: The market was aware of the tungsten potential following the February and March 2026 technical report filings. This news validates those expectations rather than exceeding them significantly.
- Spin-Out Context: This announcement comes shortly after the March 12, 2026 announcement to spin out Nevada/Arizona assets. The focus remains on advancing RC Gold, where this tungsten confirmation adds incremental value to the flagship asset being retained by Sitka.
- Company: Sitka Gold Corp. is an exploration-stage mining company focused on advancing its 100% owned RC Gold Project in the Tombstone Gold Belt, Yukon.
- Flagship Asset: RC Gold Project (431 km²).
- Blackjack Deposit: 1.29 Moz Indicated @ 1.01 g/t Au; 1.04 Moz Inferred @ 0.94 g/t Au.
- Rhosgobel Deposit: 2.25 Moz Inferred @ 0.70 g/t Au (Maiden MRE Feb 2026). Newly discovered, surface-starting, with tungsten by-product potential.
- Eiger Deposit: 0.44 Moz Inferred @ 0.50 g/t Au.
- Strategy: Focus on expanding open-pit resources and testing intrusion-related targets to build a large resource base. Recently announced spin-out of non-core Nevada/Arizona assets to focus capital on RC Gold.