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Sitka Gold Corp. ( (TSE:SIG) ) has issued an update.
Sitka Gold Corp. has announced the completion of the first diamond drill hole of its 2025 drilling program at the RC Gold Project in Yukon, revealing over 130 instances of visible gold. This drill hole, DDRCCC-25-075, extends the known gold mineralization approximately 70 meters northeast from a previous significant discovery, indicating potential for further resource expansion. The ongoing drilling program, the largest in the project’s history, aims to explore deeper mineralization, which could support future underground mining operations. The results from this and subsequent drill holes are anticipated to enhance the understanding of the Blackjack zone’s dimensions and gold grades, potentially impacting the company’s resource estimates and market positioning.
More about Sitka Gold Corp.
Sitka Gold Corp. is a mining company operating in the gold exploration industry, focusing on the development of its RC Gold Project in Yukon, Canada. The company is engaged in extensive drilling programs to explore and expand its gold mineralization resources.
YTD Price Performance: 5.56%
Average Trading Volume: 128,252
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $93.75M
For an in-depth examination of SIG stock, go to TipRanks’ Stock Analysis page.
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