Sitka Gold Completes Acquisition of 100% Interest in the Clear Creek Property at Its RC Gold Project, Yukon
Sitka closes Clear Creek acquisition, consolidating 447 km² Yukon gold project ahead of 60k-m drill program.
Sitka Gold Corp. completed the accelerated acquisition of a 100% interest in the Clear Creek Property from the Receiver of Victoria Gold Corp. on August 20, 2026. The transaction consolidates Sitka's 100% ownership of the contiguous 447-square-kilometre RC Gold Project in the Yukon.
The company is executing a 60,000-metre diamond drilling program in 2026, with seven rigs active across multiple targets. Significant drilling highlights include broad zones of Reduced Intrusion-Related Gold (RIRG) mineralization at the Blackjack and Eiger deposits. The RC Gold Project hosts a combined indicated and inferred mineral resource of over 5.1 million ounces of gold.
Metallurgical testing confirms non-refractory characteristics with high gold recovery rates (averaging 85-94%) for the Blackjack, Eiger, and Rhosgobel deposits. Future drilling plans for 2026 include:
- 15,000 metres at Blackjack-Eiger
- 30,000 metres at Rhosgobel
- 10,000 metres at Pukelman-Contact
- 5,000 metres at Bear Paw and other targets
Sitka Gold Corp. (SIG) completed the acquisition initially announced on July 28, 2026, on August 20, 2026. The transaction structure, which included $6 million in cash at closing and a 5.0% NSR royalty, was already known to the market. The completion serves as an administrative milestone that removes title uncertainty and finalizes the consolidation of the land package.
The news aligns with previous expectations and does not introduce new financial or operational variables. The company’s ongoing 60,000-metre drill program and metallurgical results are positive but incremental to the already established exploration narrative. The impact on the stock price is expected to be neutral to slightly positive in the short term, as the market had already priced in the acquisition completion.
Sitka Gold Corp. is a gold exploration company focused on the RC Gold Project in the Tombstone Gold Belt of Yukon, Canada. The flagship project encompasses a 447-square-kilometre contiguous land package with road access and is currently at the advanced exploration stage. Key deposits within the project include Blackjack, Eiger, Rhosgobel, Pukelman-Contact, and Bear Paw.
The project hosts a combined indicated and inferred mineral resource of approximately 5.12 million ounces of gold. Metallurgical testing indicates non-refractory gold with high recovery rates of 85-94%, along with potential tungsten by-product recovery of 84.7% at Rhosgobel. The company plans to spin out its US assets, specifically Alpha Gold in Nevada and Burro Creek in Arizona, to concentrate management and capital on the Yukon project.