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Sitka Gold ($SIG | $SITKF): Advancing a 5+ Million-Ounce Gold Project in Yukon

Investor TV Jun 30, 2026

Summary

Don Durrett argues the gold and silver correction is cyclical, not the end of the bull market, and expects higher highs eventually.

Sitka Gold's RC Gold project in the Yukon hosts over 5 million ounces across granite-hosted intrusion-related deposits being expanded by drilling.

A 2.25-million-ounce inferred resource at the Rosgobel discovery also carries tungsten and silver byproducts, opening potential non-dilutive financing options.

Sitka is fully funded with $40 million in the bank for its 60,000-metre drill program, releasing results every couple of weeks.

Don Durrett frames Sitka as an optionality play, valued around $50 an ounce in the ground against a $1.2 billion takeover estimate.

Key points on K92 Mining Inc

  • Durrett holds up K92 as the model of a company with a long discovery runway, saying management flatly states it has 10 more years of targets and will keep drilling for another decade, the mindset he wants Sitka's board to adopt.

Key points on Banyan Gold Corp

  • Burke names Banyan alongside Snowline's Valley deposit and Victoria's Eagle mine as the discoveries making the Yukon Tombstone belt a maturing district around Sitka's RC Gold project.
  • Burke says Banyan was one of the operators drilling in the Yukon in February and March, which slowed lab turnaround for Sitka's assay results this year.

Key points on Sitka Gold Corp

  • Director Mike Burke says the RC Gold Project in Yukon already hosts over 5 million ounces of gold across the Blackjack and Ross deposits, outlined with only about 59,000 metres of historical drilling.
  • Burke says the 2026 program is fully funded with $40 million in the treasury: 60,000 metres planned, about 18,000 metres drilled as of late June, first results just released, and further batches expected roughly every two weeks into year-end, with an updated mineral resource estimate and a preliminary economic study targeted for early Q1 2027.
  • Burke argues the Ross discovery, an inferred 2.25 million ounces at 0.7 g/t outlined from 12,000 metres and 43 first-pass holes, is open in all directions, gets 30,000 metres of this year's program, and has potential to double, with early metallurgy showing over 90% gold and 85% tungsten recoveries.
  • Burke says only 3 of 11 intrusions on the 477-square-kilometre property have been drilled, each of the three partially drilled intrusions could hold around 5 million ounces, and 10 million ounces plus is not beyond expectations, so the board is motivated to keep drilling rather than sell.
  • The analysts on the show value Sitka far above its roughly $375 million market cap: Durrett calls a minimum of $1.2 billion (about $150 per ounce on 8 million ounces) fair with a 3-5 year rerate path, while Feneck notes investors currently pay only about $50 per ounce in the ground.

Key points on Snowline Gold Corp

  • Burke points to Snowline's Valley deposit as a neighbouring discovery in the Tombstone belt, part of the maturing Yukon district surrounding RC Gold.
  • In the wrap-up comparables, the speakers credit Snowline with about 8 million ounces found, alongside Fort Knox's 9 million mined, as evidence that single intrusions in this belt can hold 5-10 million ounces.

Don Durrett's takeaways

  • Top takeaway Argues the gold and silver correction, with gold down about 28% and silver down about 52% as of the June 24, 2026 taping, is a normal, roughly five-month-old pullback within the third great bull market, and he still expects higher highs rather than the end of the bull.
  • Attributes the drop to a perfect storm of war-driven sovereign gold selling, rising interest rates, a stronger dollar, and AI optimism that has calmed recession and inflation fears, while insisting the business cycle has not been repealed.
  • Frames the macro backdrop as deteriorating: a $2 trillion US deficit with about $1 trillion of interest cost, most sectors weakening apart from a one-and-done AI data-center build-out, and AI acting as a job killer for high-paying roles.
  • In his closing summary he calls Sitka Gold a pure exploration optionality play worth a minimum of $1.2 billion (about $150 per ounce on 8 million ounces) versus roughly $375 million today, sees upside to 10-15 million ounces, and expects a rerate once gold is back above $5,000, though the big payoff is a 3-5 year wait.
  • Says gold is currently tracking interest rates and the dollar only because economic anxiety is low, so a slightly hawkish Fed chair is enough to knock gold down for now.

Kevin Warsh's takeaways

  • Top takeaway Speakers describe him as more hawkish than markets expected: Durrett says people thought he would be a dove, but he came in focused on inflation, which is negative for gold.
  • Feneck blames his 'super hawkish' June 17 appearance at the podium for pulling the rug from the mid-June mining-stock rebound, and with about a 70% market-implied probability of a September rate hike as of the taping, Feneck does not see gold back at roughly $5,500-5,600 this year.
  • The hosts note June 17 was his first time leading the Fed as chair, arguing that a leadership change in a hyper-connected, social-media age amplifies negative sentiment.
  • Durrett adds that gold is tracking rates and the dollar right now precisely because economic anxiety is low, summarizing that 'Warsh is a little hawkish and gold crashes.'

Mike Burke's takeaways

  • Top takeaway Presents RC Gold as hosting over 5 million ounces across two deposits about 5 km apart, Blackjack (1.3 million indicated at roughly 1 g/t plus 1.0 million inferred at 0.94 g/t) and the new Ross discovery (2.25 million inferred at 0.7 g/t), found with only about 59,000 metres of historical drilling.
  • Says the fully funded 60,000-metre 2026 program is about 18,000 metres in with $40 million in the bank, first results just released and new batches due roughly every two weeks into year-end, ahead of an updated resource estimate and preliminary economic study targeted for early Q1 2027.
  • Argues the Ross discovery, outlined from just 12,000 metres and 43 first-pass holes and open in every direction, has potential to double, with 30,000 metres of this year's program aimed at it and early tests showing over 90% gold and 85% tungsten recoveries.
  • Describes a decade of drilling remaining: only 3 of 11 intrusions drilled on the 477-square-kilometre property, each partially drilled intrusion potentially worth around 5 million ounces, and 10 million ounces plus 'not beyond our expectations', with the board motivated to drill rather than sell.
  • Highlights tungsten at Ross (about 51,000 tonnes at 0.051% tungsten trioxide) as a possible byproduct that could support non-dilutive off-take financing, plus underground potential at Blackjack below the pit shell, including a 45-metre intercept at 5 g/t.

John Fenwick's takeaways

  • Top takeaway Hosts the interview, which he says is disseminated on behalf of Sitka Gold, introducing director Mike Burke and setting up the RC Gold story with Don Durrett and John Feneck.
  • Handles the housekeeping questions: when the first results from the 60,000-metre program landed, whether news flow will stay regular, and confirming the $40 million treasury has the program fully paid for.