Sitka Gold Updates Rhosgobel Gold Deposit Mineral Resource Estimate to Include Tungsten and Silver
Original announcement by yahoo_press on
- Company
- Sitka Gold
- Ticker
- SIG
- Exchange
- TSXV
- Region
- Unavailable
- Primary commodity
- Gold
- Secondary commodities
- Silver, Tungsten
- Document categories
- Resource update
- Extracted
- 2026-08-20 23:04:24 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Sitka Gold has updated the Rhosgobel Gold Deposit Mineral Resource Estimate to include tungsten and silver. The update reports a pit-constrained Inferred resource of 100.68 Mt at 0.70 g/t Au, alongside Indicated and Inferred totals for the wider project.
Reasoning: The update expands the resource to include tungsten and silver, though the primary Rhosgobel update is categorized as Inferred.
Positive factors
- Contained metal growth
- Inclusion of new commodities (tungsten and silver)
Negative factors
- Resource is entirely Inferred
Facts used in scoring: 5
Classification and evidence
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Rhosgobel update is explicitly described as an Inferred Mineral Resource.
Evidence · text
“consists of a pit-constrained Inferred Mineral Resource”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The inclusion of tungsten and silver suggests a new expansion of the resource scope.
Evidence · text
“Updates Rhosgobel Gold Deposit Mineral Resource Estimate to Include Tungsten and Silver”
Extracted facts
Stored fact records: 5. Some facts used in scoring do not have a stored record.
Resource Estimates (5)
inferredgoldTonnes: 100680000Grade: 0.7Grade Unit: g/tContained Metal: 2250000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- SIG
Resource Data
- Category
- inferred
- Tonnes
- 100680000
- Grade
- 0.7
- Grade Unit
- g/t
- Contained Metal
- 2250000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-14T00:00:00.000Z
Reasoning: Large tonnage inferred resource reported.
Negative factors
- Inferred category
Evidence · text
“Inferred Mineral Resource of 100.68 million tonnes grading 0.70 g/t gold”
inferredsilverTonnes: 100680000Grade: 0.9Grade Unit: g/tContained Metal: 2926000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- SIG
Resource Data
- Category
- inferred
- Tonnes
- 100680000
- Grade
- 0.9
- Grade Unit
- g/t
- Contained Metal
- 2926000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-14T00:00:00.000Z
Reasoning: Silver is newly included in the resource estimate.
Positive factors
- New commodity inclusion
Evidence · text
“0.90 g/t silver”
inferredtungstenTonnes: 100680000Grade: 0.051Grade Unit: % WO3Contained Metal: 51345Contained Unit: tView all detailsHide details
Identity
- Commodity
- tungsten
- Ticker
- SIG
Resource Data
- Category
- inferred
- Tonnes
- 100680000
- Grade
- 0.051
- Grade Unit
- % WO3
- Contained Metal
- 51345
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-14T00:00:00.000Z
Reasoning: Tungsten (WO3) is newly included in the resource estimate.
Positive factors
- New commodity inclusion
Evidence · text
“0.051% WO3 (tungsten trioxide) containing... 51,345 tonnes of WO3”
indicatedgoldTonnes: 39960000Grade: 1.01Grade Unit: g/tContained Metal: 1290000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- SIG
Resource Data
- Category
- indicated
- Tonnes
- 39960000
- Grade
- 1.01
- Grade Unit
- g/t
- Contained Metal
- 1290000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-14T00:00:00.000Z
Reasoning: Significant indicated gold resource component.
Evidence · text
“1.29 million ounces gold indicated (39.96 Mt @ 1.01 g/t Au)”
inferredgoldContained Metal: 3830000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- SIG
Resource Data
- Category
- inferred
- Contained Metal
- 3830000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-14T00:00:00.000Z
Reasoning: Large inferred gold resource component.
Evidence · text
“3.83 million ounces gold inferred”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.