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Sitka Gold Corp. ( (TSE:SIG) ) has provided an update.
Sitka Gold Corp. has launched a fully funded, 60,000 metre diamond drilling campaign at its flagship RC Gold Project in Yukon, a program that will roughly double total drilling completed on the property to date. The work is aimed at expanding multiple near-surface deposits and systematically testing high-priority targets across its extensive Tombstone Gold Belt holdings.
Half of the planned drilling, or 30,000 metres, is dedicated to growing the newly discovered Rhosgobel gold deposit, where consistent mineralization has been intersected in all 43 holes over a 1.1 kilometre strike and where an initial resource estimate is expected in early 2026. Additional metres are allocated to the Blackjack-Saddle-Eiger corridor, the Pukelman-Contact zone and several emerging targets, positioning Sitka to materially scale its gold inventory and potentially add tungsten by-product value, which could enhance project economics and bolster its standing among Yukon-focused explorers.
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 TSE:SIG Stock
According to Spark, TipRanks’ AI Analyst, TSE: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 TSE:SIG stock, click here.
More about Sitka Gold Corp.
Sitka Gold Corp. is a mineral exploration company focused on gold discoveries in the Yukon’s Tombstone Gold Belt, with its 100% owned, road-accessible RC Gold Project as its flagship asset. The company is advancing multiple reduced intrusion-related gold deposits and targets across a 431 square kilometre land package, aiming to expand near-surface, open-ended resources in a prolific Canadian mining district.
Average Trading Volume: 1,029,845
Technical Sentiment Signal: Buy
Current Market Cap: C$346.5M
For detailed information about SIG stock, go to TipRanks’ Stock Analysis page.