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Sitka Gold Corp. ( (TSE:SIG) ) has shared an update.
Sitka Gold Corp. has signed a contract with Kluane Drilling Ltd. to carry out up to 60,000 metres of diamond drilling in 2026 at its RC Gold Project in Yukon, marking the largest campaign ever undertaken on the property and roughly doubling total metres drilled since 2020. The expanded program aims to demonstrate that RC Gold hosts multiple gold deposits within the Clear Creek Intrusive Complex, with a major focus on advancing the emerging Rhosgobel discovery, which has shown potential for a multi-million-ounce intrusion-related gold deposit, as well as expanding near-surface and deeper high-grade resources at the Blackjack and Eiger deposits and testing numerous additional targets across the 431-square-kilometre property, supported by the company’s strong treasury and established relationship with its local drilling contractor.
Spark’s Take on TSE:SIG Stock
According to Spark, TipRanks’ AI Analyst, TSE:SIG is a Neutral.
Sitka Gold Corp. is in the exploration phase, characterized by no current revenue and negative cash flows, which contribute to its low financial performance score. However, the company benefits from a strong balance sheet and recent financing activities, suggesting potential future growth. The neutral technical indicators and significant corporate events, such as successful drilling results and strategic financing, further contribute to a balanced outlook, leading to an overall stock score of 54.
To see Spark’s full report on TSE:SIG stock, click here.
More about Sitka Gold Corp.
Sitka Gold Corp. is a mineral exploration company focused on gold, with its flagship RC Gold Project located in the Tombstone Gold Belt in Yukon, Canada. The company is advancing multiple intrusion-related gold targets, including the Blackjack, Eiger and Rhosgobel areas, across a large, road-accessible land package, and is well-funded with significant cash and no debt to support ongoing exploration programs.
Average Trading Volume: 1,286,083
Technical Sentiment Signal: Buy
Current Market Cap: C$397.1M
See more insights into SIG stock on TipRanks’ Stock Analysis page.