Sitka Gold - Drill Results and 60,000 Meters of Drilling In 2026: Expanding Gold Area By 400 Meters
The KE Report Jan 7, 2026
Summary
Rhosgobel now spans ~975m along strike and stays open in every direction after 11 holes added 400m to the mineralized footprint.
Sitka plans a fully funded 60,000m 2026 drill program backed by $45M in cash, with all-in drilling near $350/m.
Visible scheelite (tungsten) in core hints at a critical-mineral byproduct alongside gold, though assays are still being optimized.
Blackjack and Eiger already host ~2.8M oz; the 2026 priority is a maiden mineral resource estimate on Rhosgobel.
Key points on Sitka Gold Corp
- Rosgobel drill results (11 holes) expanded the mineralized zone from 575m to 975m — a 400m extension east-west across the intrusion, still open in every direction, with hole 18 hitting 17m of 1.05 g/t at the western margin.
- Plans up to 60,000m of diamond drilling in 2026 at the RC Gold Project, focused on Rosgobel but also testing Pukoman intrusion, contact zone, Bearpaw breccia, Josephine intrusion, and other targets in the Clear Creek Intrusive Complex.
- Reports tungsten (scheelite) as a potential significant byproduct alongside gold, with encouraging visual mineralization and partial assays; additional assay work is underway to lock in accurate grades and decide on a systematic re-analysis program.
- Existing Blackjack and Eiger deposits host 2.8 Moz total (1.3 Moz indicated, 1.5 Moz inferred); Blackjack is mineralized over a 1.1 km vertical distance, suggesting potential for an underground operation beyond open-pit depths at Rosgobel.
- Well-funded with $45M in the bank and all-in 2025 drilling costs of C$350/m, supported by accessible location only 35 km off the Klondike Highway and a two-hour drive from Dawson City; trades on TSX-V (SIG), OTCQB (SITKF), and Frankfurt.
Cory Fleck's takeaways
- Top takeaway Frames the update as a recap of fresh Rosgobel drill results and a preview of a 60,000m 2026 Yukon drill program at Sitka Gold.
- Notes Sitka trades on TSX Venture (SIG), OTCQB (SITKF), and Frankfurt (1RF), and invites viewers to email follow-up questions to pass to the Sitka team.
Mike Burke's takeaways
- Top takeaway Argues Rosgobel is a 'spectacular new deposit' and likely the largest on the RC Gold Project, but stresses this is only the first year of drilling (about 13,000m so far) with mineralization open in every direction and untested at depth beyond 400m.
- Plans to deploy the 60,000m 2026 program mostly on Rosgobel to define size potential for a preliminary mineral resource estimate, with the longer-term aim of moving toward a PEA and economic studies on the Clear Creek camp.
- Frames tungsten (scheelite) as a potentially meaningful credit — gravity-recoverable and consistent with the Tombstone-Tungsten suite — while cautioning that accurate assay techniques are still being worked out before public numbers are released.
- Frames May Q (southeast target) as a valid large area still in early testing, with first two holes returning only modest grades (best 2m of 0.7 g/t) but enough encouragement to warrant follow-up drilling in 2026.