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Seabridge Gold Inc.
Summary
| Project: | KSM | |
|---|---|---|
| Deposit: | Iron Cap | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Silver | |
| Date: | 10/18/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-10-2016: Seabridge Gold Inc. announces an Exploration/Drilling Update report for its Iron Cap deposit at the KSM project. Drilling results incl. 555.5m @ 0.83g/t Au, 0.24% Cu, 4.4g/t Ag from 353.5m. TORONTO, Oct. 18, 2016 (GLOBE NEWSWIRE) -- Seabridge | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William E. Threlkeld (Internal) | |
| ABSTRACT: | TORONTO, Oct. 18, 2016 (GLOBE NEWSWIRE) -- Seabridge Gold Inc. (TSX:SEA) (NYSE:SA) today announced that a core hole drilled this summer to test the Iron Cap Lower Zone at depth has successfully found the down plunge extension of Iron Cap’s higher grade core while also discovering a previously unknown deposit with initial gold and copper grades among the best found to date on the KSM Project. Early indications are that the new discovery could represent a new core zone with a potentially positive impact on the project. The newly discovered zone is being evaluated for additional drill testing in 2017. The KSM Project in northwestern British Columbia is wholly-owned by Seabridge. Drill hole IC-16-62 was collared well north of previous drilling in an area covered by rubble and ice which had prevented surface mapping and geophysical surveys. The hole was designed to be “steered” into the target zone using down hole navi-drilling tools to obtain an intersection below the existing resource of the Iron Cap Lower Zone and about 400 meters below the intersection in drill hole IC-14-59 (593 meters of 1.14g/T gold, 0.37% copper and 3.7g/T silver). The new hole confirmed the extension of the Iron Cap Lower Zone over an interval of 556 meters at 0.83g/T gold, 0.24% copper and 4.4g/T silver in rocks that closely resemble IC-14-59. This intersection is likely to increase the inferred resource for this deposit. | |
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