Sitka Gold - High-Grade Gold Results At Blackjack, Saddle & Eiger, RC Gold Project, Yukon
Summary
Sitka Gold's headline hole 133 returned 141.5m at ~2 g/t gold, including 80m at 3.2 g/t, pushing Blackjack's deep mineralization above underground thresholds.
Saddle zone step-out drilling traced mineralization 550m east from Blackjack toward Eiger, reclassifying previously modeled waste rock into the upcoming resource estimate.
Lamprophyre dikes and intrusive corridors link Blackjack, Saddle, and Eiger into one continuous mineralized system; management expects the three pits to merge.
Seven rigs remain active across the 60,000m program with roughly 50-60 holes pending assays, and an updated mineral resource is targeted for early 2027.
Blackjack sits at about 2.3 million ounces (indicated plus inferred) at roughly 1 g/t gold, while drilling also targets Rhosgobel, Pukelman, and Bearpaw Breccia.
Key points on Sitka Gold Corp
- Headline drill hole 133 at the Blackjack deposit returned 141.5m of ~2 g/t Au, including 80m of 3.2 g/t and 6m of ~10 g/t, extending mineralization well below the current resource pit shell
- Grades at depth clear the 2 g/t underground threshold, and the guest argues this supports an underground resource component to be modeled in the updated mineral resource estimate planned for early 2027
- Thirteen saddle zone holes have traced mineralization roughly 550m east from Blackjack toward Eiger, filling rock currently classed as waste; the guest says the Blackjack, Saddle and Eiger pits are likely getting close enough to merge
- The Blackjack deposit currently sits at about 2.3Moz combined indicated and inferred at roughly 1 g/t Au; the guest says any intersections above the 0.3 g/t cutoff from this year's drilling are adding ounces to the project
- The 60,000m drill program is ~50,000m complete with seven rigs turning, ~50-60 holes still outstanding, and a wrap-up targeted for late October; Roskalpa and other Clear Creek Intrusive Complex targets (Pukman, Bear Breccia) could feed additional resources into a future mine plan
Cory Fleck's takeaways
- Top takeaway Frames the interview around linking the Blackjack, Saddle and Eiger deposits via the 2026 drill program, noting cross-sections suggest the pit shells are trending toward merging
- Notes the existing Blackjack resource of roughly 2.3Moz at about 1 g/t Au and presses the guest on what the new drilling might add and on the underground potential below the current pit shell
Mike Burke's takeaways
- Top takeaway Argues that deep hole 133 at Blackjack (141.5m of ~2 g/t Au incl. 80m at 3.2 g/t and 6m at ~10 g/t) confirms the deposit continues at depth and exceeds the 2 g/t grade bar needed for an underground resource
- Sees the 13-hole saddle zone program as filling the 550m gap east toward Eiger, with mineralized material currently classified as waste likely to be brought into the updated mineral resource estimate targeted for early 2027
- Says the 60,000m program is about 50,000m complete on seven rigs with roughly 50-60 holes still pending and a late-October wrap; frames Roskalpa as the largest near-surface ounces available, with Blackjack, Saddle and Eiger all still growing