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Sitka Gold Corp. ( (TSE:SIG) ) just unveiled an announcement.
Sitka Gold Corp. has confirmed significant tungsten mineralization at its Rhosgobel gold deposit within the RC Gold Project in Yukon, based on XRF assays from 33 diamond drill holes and about 5,500 samples. Tungsten occurs over an 850-metre strike length, with notable intervals such as 128 metres of 0.115% WO3 and 152.3 metres of 0.109% WO3, indicating strong potential for a valuable by-product alongside the existing 2.25-million-ounce gold resource.
The company has initiated metallurgical testwork to assess recovery of a tungsten concentrate and is running a 60,000-metre diamond drill program with four rigs at RC Gold, including roughly 30,000 metres planned at Rhosgobel alone. Management believes constrained global tungsten supply, rising demand in defense and advanced manufacturing, and structurally high prices could allow even modest tungsten grades to materially enhance the economic and strategic value of the Rhosgobel deposit for stakeholders.
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 gold projects, with a key asset being the district-scale RC Gold Project in the Yukon. The company is advancing the Rhosgobel gold deposit, which hosts a pit-constrained inferred mineral resource of 2.25 million ounces of gold beginning at surface, and is currently being explored through an extensive diamond drilling program.
Average Trading Volume: 1,098,851
Technical Sentiment Signal: Buy
Current Market Cap: C$346.5M
Learn more about SIG stock on TipRanks’ Stock Analysis page.