Sitka Gold Corp. (CVE: SIG) (FSE: 1RF) (OTCMKTS: SITKF) reported new drilling results on Tuesday that expanded high-grade gold mineralization at its Blackjack deposit while extending the mineralized footprint at the nearby Rhosgobel discovery within its RC Gold Project in Yukon.
The company also said that the six drill rigs have completed about 24,000 metres of its planned 60,000-metre diamond drilling campaign. Assay results remain pending for the remaining completed holes.
Drill hole DDRCCC-26-128 at Blackjack returned 164.0 metres grading 1.83 grams per tonne gold, including a higher-grade interval of 45.0 metres grading 3.49 grams per tonne. The intercept adds to evidence that the deposit remains open and could continue growing through additional drilling.
Meanwhile, the first seven assay results from this year’s drilling at Rhosgobel expanded the known mineralized envelope and confirmed broad gold-bearing zones across the target area. The company has allocated 30,000 metres of drilling to Rhosgobel during the 2026 campaign.
Sitka said geologists encountered broad zones of Reduced Intrusion-Related Gold mineralization at both deposits. They also observed visible gold in every drill hole except one across the Blackjack and Rhosgobel targets.
Reduced Intrusion-Related Gold systems form when mineral-rich fluids move through rocks surrounding intrusive bodies. These deposits often contain large volumes of lower-grade mineralization alongside higher-grade zones, making them attractive exploration targets because sizeable resources can develop over broad areas.
Visible gold does not guarantee economic grades, but explorers generally view it as an encouraging sign during drilling. Laboratory assays ultimately determine the amount of gold present, although visible gold can indicate stronger mineralization within a broader intercept.
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Company has multiple drill rigs digging simultaneous targets
Drilling identified localized higher-grade intervals and encouraging tungsten values at Rhosgobel. The company believes those results could improve the deposit’s long-term development potential.
Chief executive officer Cor Coe said the latest results continue building confidence in the overall size and continuity of the RC Gold Project. He said the Blackjack intercept supports the view that the deposit remains open and offers significant room for expansion.
Furthermore, Coe said early drilling at Rhosgobel continues confirming one of Canada’s newest multi-million-ounce gold discoveries. He added that the broad mineralized intervals, stronger-grade sections and tungsten values suggest the deposit could become an increasingly important part of the overall project.
The current exploration program also targets several additional areas across the property. These include the Pukelman and Contact zones, the Saddle zone and the Bear Paw Breccia zone, where previous exploration identified promising mineralization.
Additionally, the company has drill rigs operating at Blackjack, Rhosgobel, Saddle and Eiger as it advances multiple targets simultaneously. Management expects a steady flow of assay results throughout the season as laboratories process remaining drill samples.
RC Gold is a road-accessible project in Yukon that hosts multiple gold discoveries within a district-scale land package. The company continues using this year’s drilling campaign to expand existing deposits while testing new exploration targets across the property.
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