Sitka Gold - Drill Results: High-Grade Results, Underground Potential & Active 7-Rig Program

The KE Report Aug 12, 2026

Summary

Hole 132's deeper, higher-grade intercept (44.4 m of 3.86 g/t gold) supports the case for a future underground resource at Blackjack.

Linking Blackjack to the Saddle and Eiger zones via step-out drilling could reclassify waste as resource and lower strip ratios.

Deeper, higher-grade mineralization sits outside the current open-pit resource, but converting it requires sufficient drill density.

Sitka Gold's 7-rig program has already surpassed 32,000 m, with assays starting to flow more quickly through the labs.

Connecting separate deposits into a single continuous mineralized zone could expand mineable inventory across the RC Gold project.

Hole 132 — drilled along the eastern margin and below the Blackjack deposit — returned 218m of 1.25 g/t gold, including a high-grade 44m intercept of roughly 3.8 g/t at about 600m depth and a second interval of 92.7m at 1.14 g/t, pointing to potential underground-resource mineralization outside the current pit-constrained resource
Hole 129 cut 118m of 0.5 g/t (with a 32m core of 1.4 g/t) east of Blackjack toward the Saddle zone, where mineralization follows an east-west dike trend running Blackjack through Saddle to Eiger, supporting a geological link between those deposits
The bottom of hole 132 ended in a multi-phase intrusive — described as the first hole into this unit — which the guest notes typically correlates with higher grades at Blackjack and is also returning mineralized metasiments between intrusive dikes down deep
Six rigs are active at Blackjack, Saddle, Eiger, Rosgobble, and Contact-Pukoman, with a seventh being mobilized (possibly to Bearpaw Breccia); the program is past 32,000m and assay turnaround is improving, with the guest expecting steady news flow into late 2026
Drilling density at depth by the end of 2026 will determine whether an underground resource can be defined at Blackjack; tying Saddle into the Blackjack pit, the guest argues, could merge the two currently separate pits and improve strip ratios

Top takeaway Hosts the segment, framing the August 10 Sitka news release and steering the conversation around drill-hole geometry, underground-resource potential, and near-term catalysts
Highlights Sitka's timely disclosure of drill results as a positive for keeping investors up to speed on the story as it progresses

Top takeaway Frames hole 132 — drilled along the eastern margin and below the Blackjack deposit — as evidence the deposit is expanding and as a strong signal for potential underground-resource mineralization at depth, contingent on hitting enough drilling density by the end of 2026
Argues that hitting roughly 3.8 g/t over 44m at about 600m depth within a multi-phase intrusive at the bottom of hole 132 is geologically meaningful, noting the system is intersecting mineralized metasiments between intrusive dikes deep down
Reads hole 129's 118m at 0.5 g/t (including 32m at 1.4 g/t) east of Blackjack as an expansionary step toward Saddle, arguing the east-west dike trend connecting Blackjack, Saddle, and Eiger can be followed and could merge the Blackjack and Saddle pits
Outlines near-term catalysts: six rigs turning across Blackjack, Saddle, Eiger, Rosgobble, and Contact-Pukoman with a seventh being mobilized (possibly to Bearpaw Breccia), more than 32,000m drilled, faster assay turnaround, and a goal of producing an additional mineral resource estimate at Contact-Pukoman