Mike Burke, Director and VP of Corporate Development at Sitka Gold (TSX.V:SIG – OTCQB:SITKF – FRE:1RF) joins me to discuss the updated Mineral Resource Estimate (“MRE”) for the RC Gold Project released yesterday, January 21st. The MRE now totals indicated 1.3 million ounces of gold and inferred 1.5 million ounces of gold.
Mike outlines the significant drilling undertaken over the past two years, which have fueled this update, and explains the nuances between indicated and inferred resources. The conversation delves into the incremental increase in cutoff grades (from 0.25 g/t to 0.30 g/t gold), the delineation of higher-grade areas (above 1 g/t), and the strategy moving forward to grow this asset.
Future plans include an extensive 30,000 meters of drilling aimed at expanding current deposits (Blackjack, Eiger, and Saddle Zone) and new discoveries (Rhosgobel and Pukelman).
If you have any follow up questions for Mike please email me at Fleck@kereport.com.
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