Sitka Gold assays suggest ‘significant’ deep tonnage in Yukon

Published: 2025-05-08 15:58 Author: Northern Miner Staff

Source: MINING.COM (Original Article)

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Sitka Gold Uncovers Potential for Major Deep Deposits at Yukon’s RC Project

Summary: Sitka Gold reports promising assay results from its RC gold project in Yukon, with Hole 76 revealing significant gold grades at unprecedented depths, suggesting potential for substantial underground tonnage. Despite investor concerns over grade consistency, the company is pushing forward with a robust drilling program.

Introduction

Canadian mining company Sitka Gold (TSXV: SIG) has announced encouraging assay results from its RC gold project in Yukon, indicating the possibility of significant deep tonnage. The latest drilling data from Hole 76 at the Blackjack zone points to high-grade gold mineralization extending both laterally and to greater depths than previously estimated.

Main Body

Promising Drill Results The assay results from Hole 76, the deepest hole drilled at Blackjack to date at nearly 811 meters, returned impressive intercepts including 94 meters grading 1.15 grams of gold per tonne and a separate 25-meter interval at 5.04 grams per tonne. Notably, a high-grade section within the latter yielded 1.8 meters at 54.7 grams per tonne. These results build on Sitka’s earlier success, following a resource update four months ago that boosted the indicated resource at Blackjack to 1.29 million ounces of gold.

Investor Sentiment and Market Reaction Despite the positive data, Sitka’s shares dropped 13% in Toronto trading following the announcement, reflecting a market capitalization of approximately C$151 million. This reaction may stem from comparisons to the exceptional results of Hole 75, which reported higher grades over longer intervals. Investors appear cautious, possibly awaiting a formal resource estimate update to gauge the project’s full potential. Analyst Michael Gray from Agentis Capital noted that tighter drilling spacing would be necessary to confirm lateral continuity for a potential underground mining scenario.

Future Exploration Plans Sitka is well-positioned to advance its exploration efforts with a fully funded 30,000-meter diamond drilling program planned for 2025 at RC. The company recently raised C$11.8 million through a bought deal financing and has initiated summertime drilling with one rig already active and three more expected soon. CEO Cor Coe expressed optimism, stating that the results from Hole 76 confirm the extension of high-grade zones and hint at a larger, continuous system that could be the source of the Blackjack deposit.

Broader Context and Industry Relevance The RC project, located in Yukon’s Tombstone gold belt, taps into a region known for its rich mineral potential, drawing attention amid a global surge in gold prices and renewed interest in precious metal exploration. However, questions remain: Can Sitka consistently replicate high-grade results across deeper zones? Will the upcoming resource estimate validate the underground mining potential, or are there geological challenges yet to be uncovered? As the industry watches, Sitka’s ability to balance exploration costs with market expectations will be critical.

Conclusion:

Sitka Gold’s latest drilling results at the RC project signal a promising future for deeper, high-grade gold deposits, potentially transforming the Blackjack zone into a significant underground mining opportunity. While investor skepticism lingers due to grade variability and market reactions, the company’s aggressive drilling strategy and financial backing provide a strong foundation for growth. The coming months, with further drilling and resource updates, will be pivotal in determining whether Sitka can capitalize on this momentum and solidify its position in the competitive gold exploration sector.

Sitka Gold在育空RC项目发现深层重大金矿潜力

摘要: Sitka Gold报告了其在育空RC金矿项目的令人振奋的化验结果，76号钻孔在史无前例的深度发现了显著的金矿品位，暗示可能存在大量的地下矿藏。尽管投资者对品位一致性表示担忧，公司仍积极推进大规模钻探计划。

引言

加拿大矿业公司Sitka Gold（TSXV: SIG）宣布了其在育空RC金矿项目的令人鼓舞的化验结果，表明可能存在显著的深层矿藏。最新的Blackjack区76号钻孔数据显示，高品位金矿化不仅在横向上扩展，而且深度也超出了之前的估计。

正文

令人振奋的钻探结果 76号钻孔是Blackjack区迄今为止最深的钻孔，深度接近811米，其化验结果显示出令人印象深刻的截距，包括94米品位为1.15克/吨的金矿，以及另一段25米品位为5.04克/吨的金矿。特别值得注意的是，后一段中包含1.8米品位高达54.7克/吨的高品位部分。这些结果延续了Sitka早前的成功，四个月前公司更新了Blackjack的资源量，将指示资源提升至129万盎司金。

投资者情绪与市场反应 尽管数据积极，Sitka的股价在多伦多交易中公布后下跌了13%，反映出约1.51亿加元（约1.08亿美元）的市值。这一反应可能源于与75号钻孔卓越结果的对比，后者报告了更长区间内更高的品位。投资者似乎持谨慎态度，可能在等待正式的资源量更新以评估项目的全部潜力。Agentis Capital的分析师Michael Gray指出，需要更紧密的钻探间距来确认横向连续性，以支持潜在的地下开采方案。

未来勘探计划 Sitka已为2025年在RC项目计划的3万米金刚石钻探项目做好了充分资金准备。公司最近通过一笔承销融资筹集了1180万加元，并已启动夏季钻探，目前一台钻机已开始工作，预计未来几周内还将有三台钻机加入。CEO Cor Coe表示乐观，称76号钻孔的结果证实了高品位区域的扩展，并暗示可能存在一个更大的连续系统，这可能是Blackjack金矿的源头。

更广泛的背景与行业相关性 RC项目位于育空的Tombstone金矿带，该地区以其丰富的矿产潜力而闻名，在全球金价飙升和贵金属勘探重新受到关注的背景下备受瞩目。然而，仍有问题待解：Sitka能否在更深区域持续获得高品位结果？即将到来的资源量更新是否能验证地下开采潜力，还是存在尚未发现的地质挑战？在行业关注下，Sitka平衡勘探成本与市场预期的能力将至关重要。

结论:

Sitka Gold在RC项目的最新钻探结果预示着深层高品位金矿的广阔前景，可能将Blackjack区转变为重要的地下开采机会。尽管投资者因品位波动和市场反应而持怀疑态度，但公司积极的钻探策略和资金支持为其增长奠定了坚实基础。未来几个月，随着进一步钻探和资源量更新的进行，将是决定Sitka能否抓住这一势头并在竞争激烈的金矿勘探领域站稳脚跟的关键时刻。