Sitka Gold- High Grade Dill Results: 164.0 Metres of 1.83 g/t Including 45.0 Metres of 3.49 g/t Gold

The KE Report Jul 16, 2026

Summary

Sitka Gold's Hole 128 at the RC Gold Project returned 164 metres of 1.83 g/t gold, including 45 metres near 3.5 g/t.

Grades climbing with depth matter because the deposit outgrows any open pit, pushing Sitka toward an underground mine.

The first seven Rhosgobel holes extend mineralization below the current resource, and all of them are step-outs.

Tungsten sits consistently alongside gold in core, and metallurgy will decide whether that byproduct is worth recovering.

Over 24,000 of a planned 60,000 metres are drilled, and an updated mineral resource estimate is targeted for early 2027.

The guest, Mike Burke, reports the standout hole at Blackjack - hole 128 - returned 164 metres at 1.83 g/t gold, including 45 metres of roughly 3.5 g/t and 2 metres above 15 g/t, all inside a wider 348-metre intercept grading over 1 g/t.
Burke says grades are still climbing at depth and argues Blackjack continues well beyond what an open pit could mine, so the company is drilling 300-400 metres beneath the current pit-constrained resource to test whether the pit can eventually transition into an underground.
The first seven holes released at Rhosgobel, where about 30,000 metres are planned for the 2026 season, show a wide mineralized envelope with the better high-grade portions inside it and extend below the existing resource; Burke describes the drilling as step-out work aimed at defining the limits and sizing an inferred resource.
Burke says tungsten keeps showing a close association with the gold intercepts, with high C-11 readings in the core, and that initial metallurgical work points to it being a viable byproduct mined alongside the gold.
As of the 16 July 2026 update the company is over 24,000 metres into a 60,000-metre program with six rigs running and is closing in on the halfway mark, plans an updated mineral resource estimate for early 2027, and will next move a rig to the Pukelman contact before reaching the Bearpaw Breccia later in the season.

Top takeaway Burke's central argument is that Blackjack keeps improving with depth and runs past the point any open pit could follow - the last hole reached 1.1 km down - so he wants the team to define grade and tonnage 300-400 metres below the current pit-constrained resource to test an open-pit-to-underground transition, noting no underground resource has been defined yet.
He concedes the near-surface work is the real priority this season: the Saddle zone still sits inside the pit-constrained outline, so converting it into resource would turn what is currently waste into potential ore.
He frames hole 128 as a step-out outside the current resource that should add ounces to the mineral resource update planned for early 2027, and calls results of that kind "pretty special".
On Rhosgobel he says the early-season holes show a big, wide mineralized envelope with the nicer, higher-grade portions, that the discovery was only drilled in earnest for the first time in 2025, and that the current drilling is step-out work to define the edges before any infilling is considered.
He is cautiously positive on tungsten, saying it stays closely associated with the gold intersections and that the metallurgy done so far indicates it looks like a viable byproduct, while more study is still required.