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Seabridge Gold Inc.
Summary
| Project: | KSM | |
|---|---|---|
| Deposit: | Deep Kerr | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Silver | |
| Date: | 8/30/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-8-2016: Seabridge Gold Inc. announces an Exploration/Drilling Update report for its Deep Kerr deposit at the KSM project. Drilling results incl. 231.2m @ 0.31g/t Au, 0.47% Cu, 1.8g/t Ag from 1192.3m. TORONTO, Aug. 30, 2016 (GLOBE NEWSWIRE) -- Seabridge | |
| Resources: | (Resource, Inf.): 1.01Bt @ 0.53% Cu, 0.35g/t Au at Deep Kerr deposit | |
| CP/QP: | [Overall Report]: William E. Threlkeld (Internal) | |
| ABSTRACT: | TORONTO, Aug. 30, 2016 (GLOBE NEWSWIRE) -- Seabridge Gold (TSX:SEA) (NYSE:SA) today announced that results from the first two core holes drilled this year into the Deep Kerr deposit are, as planned, likely to allow for an increase in the potential mining rate from the proposed block cave shapes designed to exploit the deposit cost-effectively from underground. The new holes are expected to expand the known resource to the south, confirming grades consistent with the deposit’s inferred resource, in the shape and orientation required to optimize the proposed mine plan at a higher throughput. The Deep Kerr deposit, located on Seabridge’s 100%-owned KSM Project in northwestern British Columbia, contains an inferred resource of 1.01 billion tonnes grading 0.53% copper and 0.35 g/T gold (11.3 million ounces of gold and 11.8 billion pounds of copper). In the three years since its discovery, Deep Kerr has taken its place among the world’s largest undeveloped gold-copper deposits. The first two holes drilled this year have confirmed continuity of mineralization in Deep Kerr over considerable distances south of the existing resource. K-16-51, located about 125 meters south of the current resource limits, intersected multiple zones including 119 meters averaging 0.44 g/T gold and 0.45% copper and an additional 187 meters averaging 0.33 g/T gold and 0.46% copper. K-16-52 intercepted 231 meters grading 0.31 g/T gold and 0.47% copper about 500 meters laterally to the south of K-16-51. K-16- 51 and K-16-52 both intersected the mineralized zone about 150-250 meters below the existing resource. | |
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