The KE Report Sitka Gold - Expanding the Rhosgobel Gold Discovery: Strong Drill Results, $30M Financing, Major 2026 Growth Plans
Nov 11, 2025
Mike Burke, Director and VP of Corporate Development at Sitka Gold Corp., shares exciting updates on the Rhosgobel gold discovery in Yukon. He reveals impressive drill results, including 108m of 1.01 g/t gold from the surface. The mineralized footprint is expanding, with potential covering 2 km x 1.5 km. A significant financing of over $30 million is set to fund extensive drilling in 2026. Burke also discusses plans to enhance resources, including comparisons to existing deposits like Blackjack and Eiger.
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Highly Consistent Near‑Surface Mineralization
- Sixteen of the first seventeen Rosgobel holes returned >100 g/t·m and many intercepts start at or near surface.
- Mike Burke says this consistency from a new discovery is exceptional and confirms strong near-surface mineralization.
Strong Results From Initial Program
- The Rosgobel discovery arises from an initial program of 43 holes and ~12,000 m this year after two maiden holes last year.
- Burke emphasizes that such results from a first significant program are rare and highly encouraging.
Large Multi‑Kilometre Target Area
- Rosgobel soil anomalies cover about 2 km by 1.5 km and visible gold is traced over 1.1 km.
- Burke plans 20–30k m of next-year drilling at Rosgobel to define the surface extent and start an initial resource.