Sitka sees possible underground mine at Blackjack deposit
Sitka Gold reported deep, high‑grade drill results at its RC Gold project’s Blackjack deposit that support the potential for an underground mine and broader resource expansion. Highlight hole DDRCCC‑26‑121 cut 273.8 m @ 1.10 g/t Au (including 94 m @ 1.79 g/t and 19.3 m @ 5.04 g/t) extending mineralization ~370 m below the existing pit. The results, first from a 60,000 m program, bolster the view that RC Gold could evolve into a district‑scale system; Blackjack holds ~40 Mt @ 1.01 g/t (1.29 Moz indicated) with broader RC inferred resources of 167.4 Mt @ 0.72 g/t (3.83 Moz). Sitka shares rose ~1% on the news. Market impact: positive for Sitka and supportive for exploration‑stage gold sentiment, though company‑specific and unlikely to materially shift near‑term XAUUSD price dynamics absent broader sector catalysts.