Sitka Gold Corp. Expands RC Gold Project Mineral Resource Estimate
Sitka Gold Corp. (TSXV: SIG; FSE: 1RF; WKN: A2JG70) announced that its Mineral Resource Estimate (MRE) for the RC Gold project in the Yukon Territory has been updated following drilling conducted in 2025. The revised estimate now projects a total of more than 5 million ounces of gold across all resource categories.
Key Highlights of the Updated MRE
| Deposit | Resource Category | Gold Ounces | Tonnes | Grade (g/t Au) |
|---|---|---|---|---|
| Blackjack | Indicated | 1.29 million | 39.96 Mt | 1.01 |
| Rhosgobel | Inferred | 2.25 million | 100.68 Mt | 0.70 |
| Blackjack | Inferred | 1.04 million | 34.60 Mt | 0.94 |
| Eiger | Inferred | 0.54 million | 32.14 Mt | 0.52 |
The MRE totals 1.29 million ounces of gold in the indicated category and 3.83 million ounces in the inferred category, bringing the overall RC Gold Project resource to over 5 million ounces.
Context and Significance
- First Resource Estimate for Rhosgobel – The company released its maiden mineral resource estimate for the Rhosgobel gold deposit, which was discovered in late 2024. This estimate is pit‑constrained and is based on surface‑level drilling data.
- Revised Estimate for Eiger – The MRE also includes an updated estimate for the Eiger gold deposit, improving confidence in the project’s overall potential.
- Drilling Basis – The updated resource estimates are based on drilling conducted in 2025 on the RC Gold property. The data underpinning the estimates have been reviewed by independent geologists.
Market Reaction
At 0.98 CAD per share (close on 2026‑02‑23), Sitka Gold’s market capitalization stands at approximately 411.53 million CAD. The company’s price‑earnings ratio is negative, at –64.9, reflecting its status as a development‑stage mining company.
The announcement was widely reported by multiple financial news outlets, including eqs‑cockpit.com, eqs‑news.com, and minenportal.de, all emphasizing the “outstanding success” of the resource expansion.
Outlook
With the RC Gold project’s resource estimate now exceeding 5 million ounces of gold, Sitka Gold Corp. positions itself as a significant player in the Yukon’s mining landscape. The company will likely focus on further exploration and development activities to transition the project from a resource stage to a production stage.
