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Sitka Gold Corp. ( (TSE:SIG) ) has provided an update.
Sitka Gold Corp. has filed a new NI 43-101 technical report for its RC Gold Project in Yukon, confirming a total mineral resource estimate of 1.29 million ounces of indicated gold and 3.83 million ounces of inferred gold across the Blackjack, Rhosgobel and Eiger deposits. The filing formalizes a maiden resource at Rhosgobel and an expanded resource at Eiger, underlining the scale of near-surface, pit-constrained mineralization and strengthening the project’s profile as a potentially significant open-pit gold operation.
Management highlighted that higher-grade gold zones starting at surface at both Blackjack and Rhosgobel could materially enhance project economics and support rapid payback of future development costs. Early tungsten assay results at Rhosgobel also suggest meaningful by‑product potential, while an ongoing 60,000‑metre drilling program is aimed at further resource growth and new discoveries, which could improve Sitka Gold’s long‑term standing in the Yukon gold sector.
The most recent analyst rating on (TSE:SIG) stock is a Hold with a C$0.89 price target. To see the full list of analyst forecasts on Sitka Gold Corp. stock, see the TSE:SIG Stock Forecast page.
Spark’s Take on SIG Stock
According to Spark, TipRanks’ AI Analyst, SIG is a Neutral.
The score is held back mainly by pre-revenue financials with widening losses and deeply negative cash flows, despite a low-debt balance sheet. Technicals are mildly bearish near-term, while corporate events (expanded drilling success and sizeable financings to fund a major 2026 program) provide the key offsetting support; valuation offers limited help given negative earnings and no stated yield.
To see Spark’s full report on SIG stock, click here.
More about Sitka Gold Corp.
Sitka Gold Corp. is a mineral exploration company focused on advancing its 100%-owned RC Gold Project in the Dawson Mining District of Yukon Territory, Canada. The company is targeting large, near-surface, pit-constrained gold deposits, with key focus on the Blackjack, Rhosgobel and Eiger deposits, positioning itself within the Yukon’s emerging district-scale gold camp.
Average Trading Volume: 1,235,353
Technical Sentiment Signal: Hold
Current Market Cap: C$323.1M
For a thorough assessment of SIG stock, go to TipRanks’ Stock Analysis page.