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Sitka Gold Corp V.SIG

Alternate Symbol(s):  SITKF

Sitka Gold Corp. is a Canada-based mineral exploration company. The Company’s principal business activity is the exploration for mineral resources in North America. The Company’s projects include RC Gold, Alpha Gold, Coppermine River, and Burro Creek. The RC Gold Project, comprised of the RC Gold, Mahtin, Clear Creek and Barney Ridge properties, is a district-scale, contiguous land package of 1,891 claims covering approximately 431 square kilometers. Alpha Gold Property, located along the southeast projection of the prolific Cortez Gold Trend in Eureka County, approximately 135 kilometers southwest of Elko, Nevada. The Burro Creek Gold Project is located 105 km by road southeast of Kingman, Arizona. The Company through its wholly owned subsidiary Arctic Copper Corp., holds approximately 7,500 hectares of mining claims in two separate claim blocks in the Coppermine River area in Nunavut that exhibit potential to host economic grades of copper and silver mineralization.


TSXV:SIG - Post by User

Comment by looking4detailson Dec 11, 2020 5:14pm
85 Views
Post# 32091068

RE:RE:Not in a rush for final drill results

RE:RE:Not in a rush for final drill resultsI agree that "anonymous" started this mess, which caused others to get frustrated and sold below (what I'm guessing) their previous target prices.  I'm guessing that you are probably correct about the bulk of the shares sold by him/her were cheap shares, but I contacted the company several weeks ago and at that time, no new warrants were exercised.  Maybe they held the warrants and sold the original shares...who knows?  But for the downward price to continue with other sellers, considering we are down about 40% from the year high....I'm sure there has been a fair bit of TLS to continue the stock to be sold off and help for it to be stuck in the mud.

Depending on each persons game plan and time frame, this could be an opportunity to "top up".  But I'm sure we can all agree that we would like to share price to go to somewhere near where it belongs before the next financing.  I'm also guessing most of us are hoping for any new people to enter into further PP's to be a little more committed and responsible.  At this point though, I would like some cash to be raised by current warrant holders.....so we can go to the market when we WANT TO, not when we NEED TO.  Someone like ES or FG would really help solidify the company.  They are both currently invested down the road with Klondike Gold.

Other than that, I am personally pleased with management so far.
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