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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

Post by givemeabreak1on Oct 22, 2023 12:04am
209 Views
Post# 35695077

Nonsense!

Nonsense!Same old same old story!  I keep hearing they are operating with a mine nearby as if that is some kind of holy grail?  In the case of a low grade deposit it is absolutely meaningless as 2 of the 3 largest costs are labour and fuel and neither changes.  In fact, moving these grades more than say 10 km is impossible unless you are talking $2500 plus gold.  Fuel and labour are just too high!  So it needs to be a stand alone operation! 
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