Sitka Gold’s Yukon Project: A Gold Rush in the Making?

The Sitka Gold Corporation’s RC Gold Project in Yukon’s Tombstone Gold Belt is undergoing a transformation. Recent drilling results and resource upgrades have positioned the project as one of the most promising gold exploration plays in North America. With high-grade intercepts, a fully funded drilling program, and a CEO touting “pivotal” progress, investors are watching closely. Here’s what the data reveals—and why this could be a story to watch in 2025 and beyond.

Drilling Success: Expanding the High-Grade Zone

The RC Gold Project’s recent drilling campaign has delivered results that are hard to ignore. In late 2024 and early 2025, the company reported two standout holes:

• Hole 75 intersected 352.8 meters of 1.55 g/t gold, including a 45.0-meter segment grading 4.52 g/t gold. This extended a high-grade zone first identified in Hole 68 (2024), which returned 93.0 meters of 2.57 g/t gold.
• Hole 76, drilled to a record 810.8 meters, encountered over 60 instances of visible gold in its core. Assays are pending, but its depth suggests the deposit could extend far below current estimates.

These results are significant because they point to a southeast-plunging mineralized corridor where grades increase with depth. CEO Cor Coe emphasized that the “grades and continuity” observed in Hole 75 support the possibility of underground mining beneath the existing open-pit resources.

Resource Expansion: Numbers That Matter

The RC Gold Project’s resource estimates have grown steadily. As of January 2025, the Blackjack deposit hosts:
- 1.29 million ounces (Moz) of indicated resources at 1.01 g/t gold.
- 1.04 Moz of inferred resources at 0.94 g/t gold.

The Eiger deposit adds another 440,000 ounces of inferred resources at 0.50 g/t gold, with the potential to expand further. These figures are supported by a National Instrument 43-101 report, giving investors confidence in the data’s reliability.

What’s striking is the project’s scalability. With only 18,799 meters of drilling completed to date, Sitka has already defined resources totaling 2.33 Moz. The 30,000-meter drilling program planned for 2025 (fully funded by Sitka’s $25 million treasury) could push these numbers higher.

The CEO’s Playbook: Aggressive Exploration, Strategic Vision

CEO Cor Coe has been clear about the company’s priorities:
1. Depth and Lateral Extensions: The goal is to test whether the high-grade zones can be extended vertically and laterally. Hole 76’s record depth is a step toward this.
2. Multiple Targets: The Clear Creek Intrusive Complex hosts 11 gold-bearing intrusions, offering a district-scale exploration opportunity.
3. Infrastructure Advantage: The project benefits from year-round road access and proximity to Dawson City’s infrastructure, reducing development risks.

Coe also emphasized Sitka’s financial health: $14 million in cash and no debt provide flexibility to fund drilling without diluting shareholders.

Investment Implications: Risks and Rewards

• Upside Potential: If the 2025 drilling confirms deeper, high-grade zones, the RC Gold Project could transition from a resource play to a near-term development candidate.
• Technical Risk: Drilling results are pending for key holes like 76, and there’s no guarantee deeper grades will align with expectations.
• Market Context: Gold prices remain volatile, but the $2,000/oz threshold could act as a catalyst if breached.

Conclusion: A Pivotal Year for Sitka Gold

The RC Gold Project is at a critical juncture. With 11 intrusive targets and a drilling program that could nearly double historical efforts, Sitka is poised to unlock significant value. The recent high-grade intercepts and CEO’s bullish stance suggest this isn’t just another exploration story—it’s a project with the scale and geology to become a major producer.

Investors should monitor two key metrics:
1. Assays for Hole 76, which could validate the deposit’s depth potential.
2. Resource upgrades expected by year-end, which may redefine the project’s economics.

With $25 million in the bank and a strategy focused on high-impact drilling, Sitka Gold’s Yukon project is shaping up to be one of the most compelling stories in the gold sector. For risk-tolerant investors, this could be the start of a gold rush—and Sitka is right at the forefront.