Sitka Gold Plans Strategic Spin-Out to Focus on Major Gold Discovery at RC Gold Project

VANCOUVER, Canada — Sitka Gold Corp., a Canadian mineral exploration company focused on discovering and developing precious metal deposits, has announced a strategic corporate plan to spin out its gold and silver assets located in Nevada and Arizona into a separate exploration company. This strategic move aims to sharpen the company’s focus on advancing its flagship RC Gold Project in Yukon, Canada, where recent drilling has revealed the potential for a multi-million-ounce gold discovery.

The decision reflects Sitka’s commitment to maximizing shareholder value while accelerating exploration activities in one of North America’s most promising gold belts. By creating a separate company to hold the Nevada and Arizona projects, Sitka will concentrate its financial and operational resources on expanding its rapidly growing gold discovery in Yukon.

Strategic Corporate Restructuring to Unlock Value

Sitka Gold’s proposed spin-out is designed to unlock the full value of its diverse asset portfolio. The company currently holds several exploration properties across North America, including the Alpha Gold Project in Nevada and the Burro Creek Gold and Silver Project in Arizona. While these assets remain highly prospective, Sitka believes the scale and momentum of its Yukon discovery warrant a dedicated corporate focus.

Under the proposed transaction, Sitka intends to transfer its Nevada and Arizona assets into a newly formed exploration company. Existing shareholders of Sitka will receive shares in the new entity, providing them with continued exposure to exploration upside in those regions while allowing Sitka to prioritize its flagship project.

This strategy reflects a growing trend within the mining industry where companies restructure portfolios to concentrate on high-impact discoveries while maintaining value exposure for investors.

RC Gold Project: A Rapidly Growing Gold District

The centerpiece of Sitka’s exploration strategy is the RC Gold Project, a large-scale gold exploration project located in the Tombstone Gold Belt of the Yukon Territory. The project spans approximately 431 square kilometers of contiguous land, making it one of the most significant exploration land packages in the region.

The Tombstone Gold Belt has gained global attention in recent years due to a series of major gold discoveries. Sitka’s RC Gold Project lies within this prolific geological corridor, which hosts multiple emerging deposits and exploration successes.

The project is situated roughly 100 kilometers east of Dawson City, a historic mining town known for its gold-rich heritage. The location benefits from strong infrastructure, including road access and proximity to a paved airstrip, allowing year-round exploration and logistical support.

Geologically, the RC Gold Project hosts intrusion-related gold systems, a type of mineralization that has produced several large-scale deposits around the world. These systems often contain extensive gold mineralization that can develop into long-life mining operations.

Recent Drilling Confirms Significant Gold Potential

Exploration at the RC Gold Project has delivered a series of encouraging drill results over the past several seasons. Sitka has successfully identified multiple mineralized zones across the property, including the Blackjack, Eiger, and Rhosgobel targets.

The Blackjack deposit represents the most advanced discovery on the property. Recent mineral resource estimates suggest the zone already contains over 1.3 million ounces of gold in the indicated category and approximately 1.04 million ounces in the inferred category.

In addition to Blackjack, the Eiger deposit contains a pit-constrained inferred mineral resource estimated at approximately 440,000 ounces of gold. These discoveries represent only a portion of the broader mineralized system, suggesting that the RC Gold district could host a much larger gold endowment.

Drilling programs conducted across the project have intersected long intervals of gold mineralization starting near surface, an encouraging sign for potential open-pit mining scenarios.

Exploration Expansion Plans for 2026

With the Yukon discovery gaining momentum, Sitka has outlined ambitious exploration plans for the upcoming field seasons. The company has already commenced a large-scale drilling campaign designed to significantly expand the known gold zones.

The exploration program includes:

• Extensive diamond drilling across multiple targets
• Geophysical surveys to identify new mineralized structures
• Geological mapping and soil sampling
• Expansion drilling at known deposits such as Blackjack and Eiger

The company aims to better define the size and continuity of the mineralized system while testing new targets across the large property package.

Industry analysts believe the RC Gold Project could evolve into a major gold district as exploration continues. Several nearby discoveries in the Tombstone Belt have already demonstrated the potential for deposits containing multiple millions of ounces of gold.

Benefits of the Spin-Out for Shareholders

The proposed spin-out structure is designed to provide multiple benefits for Sitka’s shareholders.

First, it allows the market to recognize the individual value of each project portfolio. Investors will gain exposure to two separate exploration companies: one focused on Yukon’s emerging gold district and another pursuing exploration opportunities in the southwestern United States.

Second, the transaction ensures that exploration funding and management attention are directed toward the most impactful opportunities. The RC Gold discovery has the potential to become a world-class asset, and focusing resources on it could accelerate development timelines.

Finally, the spin-out company will retain strong exploration potential in Nevada and Arizona, two regions that host some of the most productive gold and silver deposits in North America.

Nevada and Arizona Assets Remain Highly Prospective

Although Sitka intends to spin out these properties, both projects continue to show strong geological promise.

Alpha Gold Project – Nevada

The Alpha Gold Project lies in Nevada, one of the world’s most prolific gold-producing jurisdictions. The state hosts numerous world-class mines and is home to the famous Carlin Trend, which has produced hundreds of millions of ounces of gold.

The Alpha Project contains geological features similar to other major deposits in the region. Exploration work conducted to date has identified multiple drill targets that could host significant mineralization.

Burro Creek Gold and Silver Project – Arizona

The Burro Creek Project is located in northwestern Arizona and is known for hosting gold and silver mineralization associated with volcanic rocks. Historical exploration has identified zones containing promising grades of both precious metals.

Sitka has already secured drill permits for the project, enabling future exploration programs to test high-priority targets. Under the spin-out plan, the new company will be able to advance these assets with dedicated management and capital.

Financial Strength Supports Exploration Strategy

Sitka Gold enters this new phase with a strong financial position. The company has reported that it holds more than $45 million in its treasury and carries no long-term debt. This financial stability provides the flexibility needed to execute large exploration programs and corporate initiatives.

The company is led by a team of experienced mining professionals with extensive backgrounds in exploration, project development, and capital markets. Their combined expertise positions Sitka to successfully advance its flagship project while managing the spin-out transaction.

Yukon Emerging as a Major Gold Exploration Hub

The Yukon Territory has become one of the fastest-growing gold exploration regions in the world. Over the past decade, improved infrastructure, supportive government policies, and significant geological discoveries have attracted major mining companies and exploration firms.

The Tombstone Gold Belt, where the RC Gold Project is located, is particularly notable for hosting intrusion-related gold systems similar to the famous Fort Knox mine in Alaska. These geological settings are capable of producing large-tonnage deposits with long mine lives.

Several companies operating in the region have reported substantial discoveries in recent years, reinforcing the belt’s reputation as a highly prospective gold district.

Future Outlook for Sitka Gold

Looking ahead, Sitka Gold is positioning itself as a focused exploration company dedicated to advancing one of Canada’s most promising emerging gold discoveries.

The planned spin-out will allow the company to streamline its operations and accelerate exploration at the RC Gold Project. Continued drilling success could significantly expand the current resource base and move the project closer to development.

Meanwhile, shareholders will retain exposure to additional exploration upside through the new company that will control the Nevada and Arizona assets.

With a strong treasury, experienced management team, and a growing gold discovery in a premier mining jurisdiction, Sitka Gold appears well-positioned to deliver further exploration success in the years ahead.

Conclusion

Sitka Gold’s decision to spin out its Nevada and Arizona assets marks an important strategic step in the company’s evolution. By focusing on its flagship RC Gold Project in Yukon, the company aims to accelerate exploration in a district that may ultimately host a multi-million-ounce gold resource.

The restructuring will allow Sitka to concentrate its expertise and financial resources on the most promising discovery in its portfolio while still providing shareholders with exposure to exploration opportunities in other regions.

As drilling continues and new targets are tested across the vast RC Gold property, industry observers will be watching closely to see whether Sitka’s Yukon discovery evolves into one of the next major gold districts in North America.

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