202626 releases
Sitka Gold Completes 60,000 Metre Diamond Drill Program at its RC Gold Project in Yukon; Appoints Termuende as Chairman of the Board
Sitka Gold Corp. has completed its planned 60,000 metre diamond drilling program at its 100% owned RC Gold Project in Yukon, with 59,531 metres in 149 holes drilled and results pending for 90 holes totalling approximately 30,242 metres. The company also appointed Tim Termuende to its Board of Directors as Chairman.
Drill resultsSitka Drills 236.0 Metres Of 1.15 g/t Gold, Including 71.0 Metres Of 2.79 g/t Gold And 36.3 Metres Of 3.31 g/t Gold, at the Saddle Zone and Continues to Expand the Eiger Deposit at its RC Gold Project, Yukon
Drill hole DDRCCC-26-156 at the Saddle Zone of the RC Gold Project in Yukon returned 236.0 m of 1.15 g/t gold, including 71.0 m of 2.79 g/t gold, 36.3 m of 3.31 g/t gold and 21.9 m of 3.25 g/t gold, plus 34.0 m of 1.11 g/t gold from 543.0 m. At Eiger, step-out hole 150 returned 45.5 m of 1.16 g/t gold, including 4.5 m of 9.26 g/t gold, and 16.4 m of 1.95 g/t gold, while hole 155 returned 18.1 m of 2.36 g/t gold. About 58,000 m in 143 holes has been completed of the planned 60,000 m 2026 program, with 84 hole results pending.
Drill resultsSitka Gold Strengthens Board of Directors with Appointment of Samantha Shorter
Samantha Shorter has been appointed to the board of Sitka Gold Corp. as an independent director and Chair of the Audit Committee, effective immediately; she is a CPA with 19 years of experience, including six years at Davidson & Company LLP and 13 years as a principal at Red Fern Consulting Ltd. At the RC Gold Project in Yukon, 135 holes totalling over 56,000 metres have been drilled this year under a planned 60,000 metre program, with results released for 56 holes.
ManagementSitka Confirms High-Grade Gold Zone at Blackjack with 141.5 Metres of 1.93 g/t Gold, Including 80.6 Metres of 3.20 g/t Gold and 6.0 Metres of 9.46 g/t Gold, and Expands Near-Surface Mineralization Across 550 Metres within the Blackjack Resource Pit at its RC Gold Project, Yukon
Assay results from 16 diamond drill holes at the RC Gold Project in Yukon include hole DDRCCC-26-133 at Blackjack, which returned 141.5 m of 1.93 g/t gold, including 80.6 m of 3.20 g/t gold and 6.0 m of 9.46 g/t gold. Saddle Zone drilling traced near-surface mineralization over roughly 550 m east of the Blackjack resource, with 17.5 m of 2.68 g/t gold in hole 135, while Eiger hole 139 returned 30.5 m of 1.46 g/t gold.
Drill resultsSitka Drills 159.2 metres of 1.14 g/t Gold, including 7.3 metres of 8.89 g/t Gold, Within 256.9 metres of 0.84 g/t Gold, Intercepts 13.9 metres of 0.383% Wo3 (Tungsten Trioxide) and Continues to Expand the Rhosgobel Deposit Along Strike and at Depth at ats RC Gold Project, Yukon
Drilling at the Rhosgobel deposit on the 100%-owned RC Gold Project in Yukon returned 256.9 m of 0.84 g/t gold in hole DDRCRG-26-071, including 159.2 m of 1.14 g/t and 7.3 m of 8.89 g/t gold, while hole DDRCRG-26-059 cut 43.5 m of 1.29 g/t within 217.9 m of 0.52 g/t and hole DDRCRG-26-063 cut 13.9 m of 0.383% WO3. Mineralization now extends 350 m east of 2025 drilling across a 1.6 km strike. About 45,000 m in 101 holes has been completed of a planned 60,000 m 2026 program, with seven rigs turning.
Drill resultsSitka Gold Completes Acquisition of 100% Interest in the Clear Creek Property at its RC Gold Project, Yukon
Acquisition of a 100% interest in the Clear Creek Property from the Receiver of Victoria Gold Corp. has closed, following an approval and vesting order from the Ontario Superior Court of Justice on August 18, 2026, giving Sitka full ownership of the contiguous 447-square-kilometre RC Gold Project in Yukon. Clear Creek hosts the Rhosgobel Deposit and the Pukelman-Contact and Bear Paw Breccia targets. Roughly 37,000 metres in 76 holes have been drilled this year of a planned 60,000 metre program, with seven rigs operating.
AcquisitionSitka Drills 218.6 metres of 1.25 g/t Gold, Including 44.4 metres of 3.86 g/t Gold, and a Second Interval of 92.7 metres of 1.14 g/t Gold in a Single Hole at its RC Gold Project, Yukon
Drill hole DDRCCC-26-132 at the Blackjack deposit on the RC Gold Project in Yukon returned 218.6 m of 1.25 g/t gold, including 44.4 m of 3.86 g/t gold, plus a separate interval of 92.7 m of 1.14 g/t gold, while hole DDRCCC-26-129, a step-out of up to 150 m east of the current resource, returned 118.0 m of 0.50 g/t, 32.0 m of 1.44 g/t and 55.0 m of 0.48 g/t gold. Approximately 32,000 m of the planned 60,000 m program has been drilled in 63 holes this year, with six rigs turning and a seventh mobilizing. Separately, all 7,255,946 warrants and 737,248 finder's warrants from the August 2, 2024 private placement were exercised for $3,037,414.
Drill resultsSitka Gold to Accelerate Acquisition of 100% Interest in the Clear Creek Property at its RC Gold Project, Yukon
An arrangement and separation agreement dated July 27, 2026 with PricewaterhouseCoopers Inc., receiver of Victoria Gold Corp., will accelerate Sitka Gold's acquisition of a 100% interest in the Clear Creek Property, consolidating full ownership of the contiguous 447-square-kilometre RC Gold Project in Yukon. Sitka will pay $6,000,000 in cash at closing and grant a 5.0% NSR royalty, reducible to 2.0% via a one-time $10 million payment, with a right of first refusal. Closing requires an Ontario Superior Court vesting order.
AcquisitionSitka Drills 164.0 Metres of 1.83 g/t Gold Including 45.0 Metres of 3.49 g/t Gold and 2.0 Metres of 15.35 g/t Gold at the RC Gold Project, Yukon
Drill hole DDRCCC-26-128 at the Blackjack deposit returned 348.0 m of 1.12 g/t gold, including 164.0 m of 1.83 g/t, 45.0 m of 3.49 g/t, 2.0 m of 15.35 g/t and 2.0 m of 13.65 g/t, at the RC Gold Project in Yukon. The first seven holes from Rhosgobel included DDRCRG-26-049 with 74.8 m of 0.91 g/t Au (56.1 m of 1.12 g/t and 3.4 m of 4.01 g/t) and DDRCRG-26-044 with 28.1 m of 1.08 g/t Au including 7.3 m of 2.87 g/t. About 24,000 m in 47 holes has been completed of a planned 60,000 m 2026 program, with six rigs operating.
Drill resultsSitka Files Technical Report
A NI 43-101 technical report on the 100%-owned RC Gold Project in Yukon's Dawson Mining District has been filed, dated July 10, 2026 with an effective date of February 25, 2026, supporting an indicated resource of 1,291,000 ounces of gold and an inferred resource of 3,829,000 ounces across three at-surface, pit-constrained deposits. Tungsten trioxide and silver disclosed on May 14, 2026 were excluded from the Rhosgobel estimate. A 60,000 metre drill program with four rigs is underway.
Study resultsSitka 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 Gold, in Hole 125 at Its RC Gold Project, Yukon
Assay results from six drill holes (DDRCCC-26-122 to 127) at the Blackjack deposit, RC Gold Project, Yukon, include hole 125 with 94.5 m of 1.62 g/t Au, including 2.0 m of 11.85 g/t Au, plus a separate 197.0 m of 1.06 g/t Au including 2.0 m of 9.95 g/t Au; hole 123 returned 214.5 m of 0.97 g/t Au and hole 126 returned 153.1 m of 1.33 g/t Au. About 17,600 m in 30 holes has been drilled this year under a planned 60,000 m program, with six rigs operating.
Drill resultsSitka Drills 19.3 Metres of 5.04 g/t Gold Within 94.0 M of 1.79 g/t Gold, Expanding High-Grade Gold Zone at the Blackjack Deposit, RC Gold Project, Yukon
Drill hole DDRCCC-26-121 at the Blackjack deposit, RC Gold Project, Yukon, returned 273.8 m of 1.10 g/t gold, including 94.0 m of 1.79 g/t gold and 19.3 m of 5.04 g/t gold, with sub-intervals of 1.7 m of 15.85 g/t and 2.0 m of 17.10 g/t gold. At 1,093 m, the deepest hole drilled at RC Gold extended mineralization about 370 m below the current resource pit and 110 m along strike from hole DDRCCC-25-076. Roughly 13,000 m of Sitka's fully funded 60,000 m 2026 program is complete, with all other assays pending.
Drill resultsSitka Gold Updates Rhosgobel Gold Deposit Mineral Resource Estimate to Include Tungsten and Silver
An updated mineral resource estimate for the Rhosgobel deposit at the RC Gold Project in Yukon's Tombstone Gold Belt reports a pit-constrained inferred resource of 100.68 million tonnes grading 0.70 g/t gold, 0.90 g/t silver and 0.051% WO3, containing 2,250,000 ounces gold, 2,926,000 ounces silver and 51,345 tonnes WO3. Total project resources now stand at 1.29 million ounces gold indicated and 3.83 million ounces gold inferred. Metallurgical testing returned 94.3% average gold recovery and 84.7% initial tungsten recovery. A 60,000 m drill program is underway, with 9,000 m completed in 2026.
Resource updateSitka Reports 94.3% Gold Recovery and 84.7% Tungsten Recovery from Metallurgical Testing at the Rhosgobel Deposit at its RC Gold Project, Yukon
Initial metallurgical testwork on the Rhosgobel deposit at the RC Gold Project in Yukon returned gold recoveries of 91.8%–97.3%, averaging 94.3%, from whole ore bottle roll cyanidation at a 75 micron grind, with over 85% of gold recovered in the first six hours. Conventional rougher flotation at a 191 micron grind recovered 84.7% of tungsten with a mass pull under 1%. A 60,000 m diamond drill program is underway, including 30,000 m planned at Rhosgobel in 2026 with four rigs active.
Study resultsSitka Provides Update on the 2026 Diamond Drilling Program Underway at its RC Gold Project, Yukon
Multiple occurrences of visible gold have been observed in all initial 2026 drill holes completed at the Blackjack and Rhosgobel targets at the RC Gold Project, Yukon, with coarse scheelite also intersected at Rhosgobel; all assays are pending. Six holes are complete and four in progress, totalling 5,500 m so far, as part of a 60,000 m diamond drill program, including 30,000 m at Rhosgobel. Four rigs are active, with two more expected to mobilize in coming weeks.
Drill resultsSitka 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 trioxide XRF assays from 33 drill holes at the Rhosgobel deposit, part of the RC Gold Project in Yukon, returned tungsten mineralization over an 850 m strike length, including 128.0 m of 0.115% WO₃ in DDRCRG-25-006, 113.2 m of 0.116% WO₃ in DDRCRG-25-010 and 152.3 m of 0.109% WO₃ in DDRCRG-25-033. About 5,500 samples were tested; results for two holes are pending and metallurgical testwork on tungsten recovery is in progress. A 60,000 m drill program is underway with four rigs.
Drill resultsSitka Gold Files Technical Report for Expanded Mineral Resource Estimate at the RC Gold Project, Yukon
A NI 43-101 technical report dated March 31, 2026 (effective February 25, 2026) has been filed on the 100%-owned RC Gold Project in Yukon's Dawson Mining District, prepared by Ronald G. Simpson, P. Geo., of GeoSim Services Inc. The project resource totals 1.29 million ounces indicated (39.96 Mt @ 1.01 g/t Au) at Blackjack and 3.83 million ounces inferred, comprising 2.25 Moz at Rhosgobel, 1.04 Moz at Blackjack and 0.54 Moz at Eiger. A 60,000 metre drilling program is underway with two rigs.
Resource updateSitka Gold Strengthens Board of Directors with Appointment of Caroline Hendrick
Caroline Hendrick, a corporate and securities lawyer at Dumoulin Black LLP, has been appointed as an independent director of Sitka Gold Corp., effective immediately, and has been granted 400,000 incentive stock options exercisable at $0.81 per share for three years from the grant date. Greg Dawson and Peter Maclean have resigned as directors. A 60,000 metre diamond drilling program is underway at the RC Gold Project in Yukon, with two rigs operating.
ManagementSitka Gold Announces Plan to Spin-Out its Nevada and Arizona Gold and Silver Assets to Focus on Advancing its New Multi-million Ounce Gold Discovery at its Flagship RC Gold Project in Yukon
Sitka Gold has initiated plans to spin out its Alpha Gold property in Nevada and its Burro Creek gold-silver property in Arizona into a new, as-yet-unnamed exploration company, with the stated aim of focusing on its 431 km² RC Gold Project in Yukon. The spin-out would proceed by Plan of Arrangement, with Newco to be listed on the TSX Venture Exchange or Canadian Securities Exchange, subject to shareholder, court and exchange approval. Capitalization and exchange ratio details will follow in a subsequent release and information circular.
AcquisitionSitka Gold Announces Maiden Resource Estimate at its Rhosgobel Gold Deposit and Expands Total Mineral Resource Estimate at the RC Gold Project, Yukon
A maiden pit-constrained inferred resource of 2,250,000 ounces of gold (100.68 Mt at 0.70 g/t Au) beginning at surface has been estimated for the Rhosgobel deposit at the 100%-owned RC Gold Project in Yukon, based on 72 drill holes totalling 15,396 m. Eiger's inferred resource was updated to 535,000 ounces (32.14 Mt at 0.52 g/t Au), bringing RC Gold to 1,291,000 ounces indicated (39.96 Mt at 1.01 g/t) and 3,829,000 ounces inferred. Rhosgobel bottle roll tests returned 89% and 96% gold recoveries; 60,000 m of drilling is planned for 2026.
Resource updateSitka Commences 60,000 Metre Diamond Drilling Program at its Flagship RC Gold Project, Yukon
A fully funded 60,000 metre diamond drilling program has begun at the 100%-owned, 431 km² RC Gold Project in Yukon's Tombstone Gold Belt, roughly doubling total metres drilled to date. Allocations include 30,000 m at the Rhosgobel discovery, 15,000 m across the Blackjack-Saddle-Eiger corridor, 10,000 m at Pukelman-Contact and 5,000 m on other targets. An initial mineral resource estimate for Rhosgobel, based on about 13,000 m in 43 holes, is anticipated in Q1 2026. Sheryl Dhillon was appointed Corporate Secretary, replacing Stephen Pearce, who remains CFO and director.
Drill resultsSitka Gold Strengthens Board with Additional Project Development and Capital Markets Expertise
Louis Archambeault has been appointed as an independent director of Sitka Gold Corp., effective immediately, and granted 700,000 incentive stock options exercisable at $0.90 per share for three years. Archambeault has over 20 years of mining experience in corporate development, strategy, capital markets and technical project development. Sitka is planning a 60,000 metre exploration program at its RC Gold Project in Yukon, followed by a Preliminary Economic Assessment, with an updated technical report including an initial Rhosgobel resource estimate expected in Q1 2026.
ManagementSitka Drills 150.3 Metres Of 1.49 g/t Gold, Including 1.7 Metres Of 26.70 g/t Gold, Expanding Near-Surface Higher Grade Gold Zone At The Rhosgobel Discovery To 1.1 KM Strike Length At Its RC Gold Project, Yukon
Final 2025 drill results from the Rhosgobel discovery at the 100%-owned RC Gold Project in Yukon include DDRCRG-25-033 with 150.3 m of 1.49 g/t gold from 15.8 m, including 1.7 m of 26.70 g/t gold, and DDRCRG-25-029 with 99.1 m of 1.33 g/t gold from 19.8 m. Tungsten assays from DDRCRG-25-004 returned 85.4 m of 0.138% WO3 from 94.0 m. Mineralization spans 1.1 km of strike and remains open; an initial resource estimate is planned for Q1.
Drill resultsSitka Intersects High-Grade Mineralization in Three Additional Zones at the RC Gold Project, Yukon
Drilling at the RC Gold Project in Yukon's Tombstone Gold Belt intersected mineralization in three zones: hole DDRCCC-25-117 at the Bear Paw Breccia Zone returned 21.0 m of 1.05 g/t Au, including 3.5 m of 2.29 g/t Au; hole DDRCCC-25-115 at the Contact Zone returned 37.0 m of 1.10 g/t Au, including 1.1 m of 22.1 g/t Au; and hole DDRCCC-25-118 at the Pukelman Intrusion returned 23.6 m of 1.00 g/t Au. Assays are pending from 15 additional holes at Rhosgobel.
Drill resultsSitka Provides Review of 2025 Highlights and Major Advancements at its Flagship RC Gold Project, Yukon
A 2025 review of the 100%-owned RC Gold Project in Yukon's Tombstone Gold Belt reports approximately 32,000 metres drilled in 91 holes, discovery of the Rhosgobel gold deposit with mineralization over 975 metres of strike and assays pending for 15 holes, and an updated Blackjack resource of 1.291 million ounces indicated at 1.01 g/t gold and 1.044 million ounces inferred at 0.94 g/t. An initial Rhosgobel resource estimate is anticipated in Q1 2026. Sitka has over $45 million in treasury and a signed 60,000 metre drill contract for 2026.
CorporateSitka Drills 156.9 metres of 1.00 g/t Gold, Including 94.0 metres of 1.41 g/t Gold and 38.0 metres of 2.03 g/t Gold, Significantly Expanding Known Mineralization at the Rhosgobel Discovery, RC Gold Project, Yukon
Drilling at the Rhosgobel discovery on the RC Gold Project in Yukon returned 156.9 m of 1.00 g/t gold in hole DDRCRG-25-027, including 94.0 m of 1.41 g/t, 38.0 m of 2.03 g/t and 2.0 m of 19.30 g/t, while DDRCRG-25-024 returned 146.7 m of 1.05 g/t and DDRCRG-25-019 returned 110.0 m of 1.01 g/t. Results from 11 holes extend the mineralized envelope by 400 m, with assays pending from 15 holes. Four reconnaissance holes at Coppermine River, Nunavut returned anomalous copper.
Drill results
20256 releases
Sitka Gold Signs 60,000 Metre Diamond Drilling Contract for 2026 at its Flagship RC Gold Project in Yukon
A contract has been signed with Kluane Drilling Ltd. for up to 60,000 metres of diamond drilling in 2026 at the 431 square kilometre RC Gold Project in Yukon's Tombstone Gold Belt, the largest program to date at the project. Drilling will target the Rhosgobel discovery, the Blackjack and Eiger deposits, and other targets in the Clear Creek Intrusive Complex. Sitka states it has over $45 million in cash, no debt, and results pending from 35 holes totalling 11,279 metres.
Drill resultsSitka Drills 121.0 metres of 0.75 g/t Gold and 26.0 metres of 1.28 g/t Gold within 249.9 metres of 0.58 g/t Gold, Significantly Expanding Mineralization Beyond the Current Resource Boundary at its Eiger Deposit, RC Gold Project, Yukon
Drill hole DDRCCC-25-109 at the Eiger deposit, RC Gold Project in Yukon's Tombstone Gold Belt, returned 121.0 m of 0.75 g/t gold from 248.0 m and 26.0 m of 1.28 g/t gold from 325.0 m within 249.9 m of 0.58 g/t gold, intersected 325 metres beyond the current mineral resource boundary. Eiger's 2025 program comprised 10 holes for 4,401 metres; its current inferred resource is 440,000 ounces in 27,362,000 tonnes at 0.50 g/t gold. Assays are pending for 38 holes, including 26 from Rhosgobel.
Drill resultsSitka Drills 172.4 Metres of 0.90 g/t Gold, Including 33.4 Metres of 2.40 g/t Gold, at Blackjack and 44.4 Metres of 1.33 g/t Gold from Surface at Saddle at Its RC Gold Project, Yukon
Drilling at the 100%-owned RC Gold Project in Yukon's Tombstone Gold Belt returned 310.0 m of 0.61 g/t gold in hole DDRCCC-25-099, including 172.4 m of 0.90 g/t and 33.4 m of 2.40 g/t, while DDRCCC-25-102 cut 191.8 m of 0.65 g/t including 24.3 m of 2.33 g/t southwest of the current resource margin. At Saddle, DDRCCC-25-104 intersected 44.4 m of 1.33 g/t gold from 4.6 m, and DDRCCC-25-110 cut 44.5 m of 0.70 g/t at Blackjack South, about 300 m south of the resource limit. Results are pending for 42 holes.
Drill resultsSitka Drills 119.0 metres of 1.01 g/t Gold From Surface, Including 10.7 metres of 4.10 g/t Gold and 1.2 metres of 24.8 g/t Gold, at the Contact Zone, Confirming Another Near Surface Higher-Grade Gold Zone at its RC Gold Project, Yukon
Drill hole DDRCCC-25-113 at the Contact Zone target on the RC Gold Project in Yukon's Tombstone Gold Belt returned 119.0 metres of 1.01 g/t gold from surface, including 10.7 m of 4.1 g/t gold, 1.2 m of 24.8 g/t gold and 1.2 m of 12.25 g/t gold. Six holes totalling 2,172 metres were drilled at Contact and three totalling 1,876 metres at Pukelman in 2025, with assays pending for six of those plus 46 other holes. Roughly 32,000 metres have been drilled project-wide this year.
Drill resultsSitka Drills 107.9 metres of 1.01 g/t Gold From Surface, Including 37.9 metres of 1.41 g/t Gold, Further Expanding the Rhosgobel Discovery at its RC Gold Project, Yukon
Drilling at the Rhosgobel target on the RC Gold Project in Yukon returned 107.9 m of 1.01 g/t gold from surface, including 37.9 m of 1.41 g/t gold, in hole DDRCRG-25-014, and 297.0 m of 0.61 g/t gold from surface, including 28.5 m of 2.20 g/t gold, in DDRCRG-25-017. Results from seven holes confirm mineralization over 575 m of strike, with 16 of the first 17 holes exceeding 100 g/t*m gold. Assays are pending for 26 further Rhosgobel holes.
Drill resultsSitka Gold Closes $2.05 Million Financing
A non-brokered private placement closed for gross proceeds of $2,055,000 through the issuance of 1,500,000 flow-through common shares at $1.37 per share, with proceeds to fund Canadian exploration expenses at the RC Gold Project in Yukon on or before December 31, 2026. Securities are subject to a hold period expiring March 6, 2026 and final TSX Venture Exchange acceptance; no finder's fees were paid. Sitka states treasury of over $43 million following its $28.5 million financing, and up to 60,000 metres of diamond drilling is anticipated at RC Gold in 2026.
Financing