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Seabridge Gold Inc.
Summary
| Project: | KSM | |
|---|---|---|
| Deposit: | Iron Cap | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper-Molybdenum | |
| Date: | 2/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-2-2018: Seabridge Gold Inc. announces a Resource Estimation report for its Iron Cap deposit at the KSM project. Updated mineral resource estimate at Iron Cap. TORONTO, Feb. 13, 2018 (GLOBE NEWSWIRE) -- Seabridge Gold Inc. (TSX:SEA) (NYSE:SA) announced | |
| Resources: | (Resource, Ind.): 370Mt @ 0.43g/t Au, 0.23% Cu, 4.2g/t Ag, 48ppm Mo at Iron Cap | |
| CP/QP: | [Resources]: Michael Lechner (Independent) | |
| ABSTRACT: | TORONTO, Feb. 13, 2018 (GLOBE NEWSWIRE) -- Seabridge Gold Inc. (TSX:SEA) (NYSE:SA) announced today that an updated independent mineral resource estimate for the Iron Cap deposit has increased its size and grade. Iron Cap is one of four large gold/copper porphyry deposits within Seabridge’s 100%-owned KSM Project located in northwestern British Columbia. The updated resource estimate, dated as at February 9, 2018, incorporates all previous drilling plus 10,383 meters of diamond core drilling completed in 11 holes drilled in 2017. All 11 holes returned wide zones of significant grade. Seabridge Chairman and CEO Rudi Fronk confirmed that “all our objectives at Iron Cap were more than accomplished last year. A larger, richer Iron Cap deposit is expected to take a more prominent place in our mine planning. We believe Iron Cap has the potential to make a strong contribution to improving project economics thanks to its higher grade and its favorable capital and operating costs due to its location close to planned infrastructure,” Fronk said. “Although we think that a 16 dollar NSR is the right cutoff in the current environment, we are pleased to see that substantial tonnages at much higher grades are also possible if required in the future. Furthermore, we think that the size and grade of this deposit can continue to grow with further drilling.” | |
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