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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 givemeabreak1on Jul 27, 2023 7:54pm
85 Views
Post# 35560731

RE:RE:RE:RE:RE:Good reas

RE:RE:RE:RE:RE:Good reasStint I find it hard to believe people buy shares without reading financials?  Here it is from their most recent quarterly financial report!  

(3) Making a further cash payment of $150,000, a further share issuance of 500,000 common shares to Coelton (paid and issued) and completing a cumulative total of $250,000 in expenditures (incurred) on the Property by September 17, 2020;

(4) Making a further cash payment of $200,000, a further share issuance of 500,000 common shares (paid and issued) to Coelton and completing a cumulative total of $1,000,000 in expenditures (incurred) on the Property by September 17, 2021;

(5) Making a further cash payment of $250,000, a further share issuance of 500,000 common shares (paid and issued) to Coelton and completing a cumulative total of $2,000,000 in expenditures on the Burro Creek Property by September 17, 2022 (Coelton agreed to waive the aggregate amount of expenditures due by September 17, 2022); Sitka Gold Corp. Notes to the Consolidated Financial Statements For the Quarter Ended March 31, 2023 (Expressed in Canadian dollars) Page 16

6. Exploration and evaluation assets (continued) (6) Making a further cash payment of $300,000, a further share issuance of 500,000 common shares to Coelton and completing a cumulative total of $3,000,000 in expenditures on the Burro Creek Property by September 17, 2023 (Coelton agreed to waive the aggregate amount of expendituress due by September 17, 2023);
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