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Sitka Gold - Drill Results Expand High-Grade Mineralization At Blackjack Deposit On RC Gold Project

The KE Report Jun 29, 2026

Summary

Six new holes blend infill and expansion drilling, hitting better than 1 g/t (grams per tonne) gold, some starting shallow for quicker capital payback.

Oriented core shows a structural control that tightens mineralization at depth, guiding deep holes and feeding open-pit versus underground trade-off studies.

Visible gold in core confirms drillers are in the right veins in real time, but it does not map one-to-one to assay grades.

The guest frames Sitka's 5 million combined ounces against roughly 10 million ounce intrusion-related systems like Fort Knox and Eagle.

Key points on Sitka Gold Corp

  • Mike Burke says the six holes released June 23 expand high-grade mineralization at the Blackjack deposit, headlined by hole 125: 94.5m at 1.62 g/t gold including ~2.5m of nearly 12 g/t, plus a ~197m interval of 1.06 g/t starting at 522m depth.
  • New shallow intersections — hole 126 with 153m at 1.33 g/t from 154m depth and hole 123 with over 100m at 1.36 g/t from 138m depth — add near-surface ounces that Burke says support faster capital payback early in a mine life.
  • Resources across Blackjack, Geiger and Ross already exceed 5 million ounces (just over 2.3 million at Blackjack), and with roughly 18,000m drilled since the initial Blackjack resource, Burke expects the deposit to keep growing.
  • Three drills are on Blackjack (including the Saddle) and three on Ross within a fully financed 60,000m program, with steady assay news flow expected about every two weeks until roughly Christmas and a first resource targeted at the Contact Pukoman and Bearpaw Breccia zones.
  • Deep drilling is defining the structural controls at depth and will feed open-pit vs underground trade-off studies meant to pin down where that transition would sit.

Cory Fleck's takeaways

  • Top takeaway As host, he drives the interview: recaps the June 23 Blackjack drill results, presses Burke on infill vs expansion, deep-drilling goals and resource growth, and relays a listener question on how visible gold correlates with high-grade sections.
  • Cites Blackjack figures of just over 2.3 million ounces combined indicated and inferred (per his reading of the latest estimate) when asking whether there is a corporate size goal before the focus shifts to development.

Mike Burke's takeaways

  • Top takeaway Argues the June 23 results show Blackjack keeps expanding, with step-out-designed holes adding ounces both near surface and at depth and open-pit grades still above 1 g/t.
  • Presents a working thesis that structures tighten at depth so about the same amount of gold sits in a narrower, higher-grade zone — explicitly not an epithermal boiling-zone target — which, if right, points to a potential bulk underground mining scenario with long life.
  • Credits oriented-core drilling under VP of exploration Gilles Dessereaux with pinning down the deposit's plunge and structural controls, so the team can consistently follow the higher-grade core of the system at depth.
  • Frames the deep program as input to open-pit vs underground trade-off studies, noting better-than-1 g/t shallow grades should help early capital payback.
  • Expects resources to move well past the current 5+ million ounces, telling the host the same rocks as Fort Knox and the Eagle mine run close to 10 million ounces, with a first resource targeted at the Contact Pukoman and Bearpaw Breccia zones by year-end.