Strike Gold: Sitka’s RC Project in Yukon Boasts 1.3M Indicated and 1.5M Inferred Ounces in Updated Mineral Resource Estimate
Overview
Sitka Resources has recently announced an updated Mineral Resource Estimate (“MRE”) at their 100% owned Blackjack gold deposit located at the RC Gold Project in Yukon. The new estimate includes:
- Indicated Mineral Resource: 1,291,000 ounces of gold at a grade of 1.01 g/t
- Inferred Mineral Resource: 1,044,000 ounces of gold at a grade of 0.94 g/t
This update represents a significant increase in both the average grade and the total contained ounces at the Blackjack deposit, compared to the initial estimate made in 2023. The deposit now has a well-defined core of material with a grade of 1 g/t or greater, extending from surface to a depth of 660 meters, and open in all directions.
Impact on Individuals
For individuals, the updated MRE at Sitka’s RC Project in Yukon presents an exciting opportunity for potential investment and employment. The increased estimate of gold ounces indicates a higher probability of economic viability, which could attract investors looking to capitalize on the project’s growth potential. Additionally, the development of the project could lead to job creation in the local community, offering opportunities for employment and skill development in the mining industry.
Impact on the World
On a larger scale, Sitka’s updated Mineral Resource Estimate at the RC Project in Yukon has the potential to contribute to the global supply of gold. With the increased indicated and inferred ounces of gold, the project could have a positive impact on the overall availability of the precious metal in the market. This could influence gold prices and market dynamics, affecting industries that rely on gold for production and investment purposes.
Conclusion
The updated MRE at Sitka’s RC Project in Yukon represents a significant milestone in the development of the Blackjack gold deposit. With the increased estimate of gold ounces and improved grade, the project shows promise for future growth and economic benefits for both individuals and the global market. As Sitka Resources continues to advance the project, it will be interesting to see how the increased mineral resources translate into tangible outcomes for stakeholders.
