Sitka Gold – Visual Gold and Deeper Drilling at RC Gold Project, Yukon
Mike Burke, Director and VP of Corporate Development at Sitka Gold (TSX.V:SIG – OTCQB:SITKF – FRE:1RF) joins me to discuss the company’s March 18th news release and the first drill hole from its fully funded 30,000-meter drill program at the RC Gold Project in Yukon. Hole 75, totaling over 715 meters, returned a significant number of visible gold occurrences – 130 in total – and marks a 70-meter step-out from a high-grade interval drilled last year.
Mike explains how this early-season hole is targeting deeper mineralization below the current open-pit resource to test underground potential. Hole 75 showed more visible gold than previous holes, and Hole 76 is now underway to go even deeper, potentially past 800 meters.
Assay results for Hole 75 are expected by mid to late April. The company plans to ramp up with multiple drills in May, increasing news flow through the summer.
The market responded positively to the visuals, despite no assays yet, reflecting a stronger sentiment for gold stocks and early exploration activity. With gold over $3,000/oz and a large drill program underway, Sitka Gold is entering its most active exploration season to date.
If you have any follow up questions for Mike please email me at Fleck@kereport.com.
Click here visit the Sitka Gold website to learn more about the Company.
Hi Bonzo, I’m not buying or selling at the moment. I added more yesterday before the news (bummer) and am tempted to buy today but have decided to wait.
Same here. I wish I had bought more BTG@2.65 instead go NFGC@ 1.75, but NFGC may go a lot higher one day if Sprott, Moriarity, and Quinton are right.
Sprott’s guys know their stuff but his quarter $billion investment has taken a severe beating. Wow BTG has been on the move. Here’s part of what I said 20 days ago: “I don’t want to talk you out of BTG or CDE which both have great immediate upside from here in my opinion. Maybe buy all three?”
Yes, I remember. fortunately I do own all 3. I have made lots of money with producers, and even more with royalty companies and streamers, but have lost a lot on exploration plays.
Hi Matthew, our NFGC is getting creamed. are you buying more or selling? Has Eric Sprott spoken?