Sitka Gold Corp. has reported significant new assay results from diamond drilling at the Blackjack deposit, part of the company’s road‑accessible RC Gold Project in Yukon, signalling continued thick mineralization and strike extension at the site.
Key assay results and program scale
The company highlighted hole DDRCCC‑26‑132, which returned an interval of 218.6 metres grading 1.25 g/t gold, including a higher‑grade sub‑interval of 44.4 metres at 3.86 g/t gold. Another hole, DDRCCC‑26‑129, showed mineralization extending up to 150 metres east of the current resource, indicating the deposit remains open along strike and at depth.
Sitka said it has completed about 32,000 metres of drilling so far this year as part of a planned 60,000‑metre program across multiple zones at RC Gold, including Blackjack, Saddle, Eiger, Rhosgobel and Pukelman‑Contact. The program has been carried out with six operating rigs and the company is mobilizing a seventh.
What the numbers mean for the project
The scale of drilling — with over 23,000 metres of new drilling at Blackjack and Saddle since the January 2025 resource update — points to a concerted push to expand Sitka’s gold inventory ahead of an updated resource estimate. Sitka said a new resource estimate is planned, which could materially increase the project’s reported ounces if the drilling converts additional mineralized zones into mineable resources.
| Drill hole | Interval | Grade (g/t Au) | Notes |
|---|---|---|---|
| DDRCCC‑26‑132 | 218.6 m | 1.25 | Includes 44.4 m at 3.86 g/t |
| DDRCCC‑26‑129 | Not specified | Not specified | Extended mineralization ~150 m east of current resource |
Local context and potential impacts
The RC Gold Project, located within the Clear Creek Intrusive Complex, is a central element of Sitka’s Yukon strategy. Because the property is road‑accessible, expanding the deposit could accelerate options for further technical work, permitting and potential development compared with more remote northern projects. For Yukon communities, an increased resource and a sustained multi‑rig campaign can mean prolonged exploration activity, ongoing contracting opportunities and attention to land‑use planning.
- Prospect for an increased resource estimate as drilling converts exploration targets to measured or indicated categories.
- Continued employment and contracting opportunities while drilling and camp operations continue.
- Heightened attention on environmental management and consultation as the project footprint and activity persist.
Market view and company position
Sitka Gold (TSE: SIG) positions RC Gold as a significant emerging gold project in Yukon. External commentary from TipRanks’ AI Analyst, Spark, lists a Neutral rating for the stock, noting key concerns that temper enthusiasm: the company currently reports no revenue, widening losses and ongoing cash burn despite relatively low leverage. Technical indicators provided moderate support, but valuation remains constrained by negative earnings and no dividend.
Those financial caveats are common for exploration‑stage companies: market and investor reactions often hinge on the pace at which drilling results can be translated into a materially larger resource and clear development pathway.
Next steps for Sitka and what to watch
Sitka has flagged plans for an updated resource estimate following this year’s drilling campaign. Stakeholders in Yukon — from First Nations to local contractors and regulatory bodies — will be watching for the resource update, any changes to the project’s permitting timeline and how Sitka manages environmental monitoring and community engagement as activity increases.
For now, the new drill results extend the technical case that the Blackjack deposit hosts robust, thick mineralized intervals and remains open along strike. Whether those grades and widths can be converted into a significantly larger, economically recoverable resource will be the central question shaping Sitka’s next phase of work.
Reporting note: The company’s release provided the drilling figures and program status. This article summarises those disclosures for Yukoners tracking developments at the RC Gold Project.
