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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 Feb 04, 2021 9:02pm
61 Views
Post# 32480462

RE:something is going on thats odd

RE:something is going on thats oddIt has been a frustrating three months for any of us bulls to be sure.  The selling pressure has been relentless and effective, but from my view, there are just too many potentials that can move this stock up in a hurry.  Just 2% of the value of the gold/silver in the historical resource on Burro Creek alone equals the current market cap.  Hopefully with Alpha drilling starting in a week or two in Nevada will produce some drill results, that will build some positive momentum.

At this point of the game, hopefully management explores other avenues to raise money.  Dilution at these prices would not be my first choice.  With the low share count, good news could drive the share price up significantly.   I personally would love to see a shareholders webinar with updates, address any shareholders concerns and maybe explain the game plan for 2021.
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