Sitka Commences 60,000 Metre Diamond Drilling Program at Its Flagship RC Gold Project, Yukon
Sitka Deploys Record Yukon Drill Program as $45 Million Treasury Signals Transition from Discovery to Development
The most recent news (February 18, 2026) announces the commencement of a fully funded 60,000-metre diamond drilling program at the flagship RC Gold Project in Yukon. This program is double the size of previous campaigns and aims to expand the known deposits at Rhosgobel, Blackjack, Eiger, Saddle, and Pukelman-Contact. Crucially, the company anticipates an initial Mineral Resource Estimate (MRE) for the Rhosgobel deposit within Q1 2026. The program is backed by a robust treasury of approximately $45 million. Administrative changes include Sheryl Dhillon taking over as Corporate Secretary from Stephen Pearce, who remains CFO and a Director.
This news is materially positive as it confirms the company has successfully transitioned from a cash-strapped junior explorer to a well-capitalized developer capable of executing one of the largest drilling programs in Yukon's history. - Resource Growth: The 60,000m program is designed to double the historical drilling on the property. Given the success rate of the 2025 program (visible gold in 82% of holes in the Clear Creek Intrusive Complex), this represents a high-probability path to significantly increasing the current resource base of ~2.7 million ounces (indicated and inferred). - Near-term Catalyst: The mention of an imminent Rhosgobel MRE (Q1 2026) provides a specific valuation event. Rhosgobel has consistently delivered intercepts exceeding 100 gram-metres of gold from surface. - Financial De-risking: The $45 million treasury removes the immediate threat of dilutive financing during a volatile market period, allowing management to focus entirely on technical execution. - Continuity: Retaining Stephen Pearce as CFO while delegating secretarial duties to a dedicated professional suggests organizational scaling to handle the increased complexity of a $300M+ market cap company.
Sitka Gold Corp. is focused on the Tombstone Gold Belt in Yukon. Its flagship RC Gold Project covers 431 sq km and is road-accessible. The project is centered on the Clear Creek Intrusive Complex, which hosts at least 11 known intrusions. - Flagship Project: RC Gold Project (Yukon). - Current Resources: Blackjack (1.29M oz Indicated @ 1.01 g/t, 1.04M oz Inferred @ 0.94 g/t) and Eiger (440k oz Inferred @ 0.50 g/t). - Geology: Reduced Intrusion-Related Gold System (RIRGS), similar to the Fort Knox and Eagle mines. Mineralization typically starts at or near surface.