Mining Stock Daily

Morning Briefing: Sitka Gold to Spin-out Nevada and Arizona Assets

Mar 12, 2026
A roundup of corporate moves in North American precious metals, including a spin-out of Nevada and Arizona assets. Big drill programs ramp up in Ghana and Alaska with aggressive meter targets. A royalty acquisition on a major deposit and a snapshot of its resource figures round out the market activity.
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INSIGHT

Sitka Gold To Spin Out Nevada And Arizona Assets

  • Sitka Gold plans to spin out its Nevada Alpha Gold and Arizona Burro Creek assets to form a discovery-focused exploration company.
  • The split is intended to let Sitka concentrate on its flagship RC gold project in UConn while a dedicated team advances the Nevada and Arizona assets.
INSIGHT

Newcore Expands Enchi Drill Program With Fresh Funding

  • Newcore Gold expanded drilling at the Enchi Gold Project to 60,000 m using three rigs after about $10M from recent warrant exercises funded the program.
  • The company is also advancing an NSHE pre-feasibility study with metallurgical, hydrogeological, geotechnical, and environmental work.
INSIGHT

Alaska Silver Sets Fully Funded 2026 Drill Program

  • Alaska Silver plans a fully funded intensive summer 2026 exploration program with at least 6,000 m of diamond drilling at Illinois Creek starting early June.
  • The program will use two company-owned rigs, surface exploration, trenching, and target Water Pump Creek plus the new Silver Sage zone.
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