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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

Sitka Gold Corp > Price of Gold is a Killer!
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Post by givemeabreak1on Oct 05, 2023 8:39pm
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Post# 35672333

Price of Gold is a Killer!

Price of Gold is a Killer!These low grade project are deadly without high priced gold!  Current AISC of these projects is $1200 - $1400 an ounce!  Now add to that the cost of financing and so another $250 an ounce you are in the $1450-1650 and ounce.  Needless to say at $1825 there is no profit to be had.   Rate of Return would be about the same as a Bank covered call lol!
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