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Seabridge Gold Inc.
Summary
| Project: | KSM | |
|---|---|---|
| Deposit: | Iron Cap | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 10/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-10-2017: Seabridge Gold Inc. announces an Exploration/Drilling Update report for its Iron Cap deposit at the KSM project. Drilling results incl. 925.0m @ 0.71g/t Au, 0.46% Cu, 2.6g/t Ag from 212m. TORONTO, Oct. 03, 2017 -- Seabridge Gold (TSX:SEA) (NYSE | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William E. Threlkeld (Internal) | |
| ABSTRACT: | TORONTO, Oct. 03, 2017 -- Seabridge Gold (TSX:SEA) (NYSE:SA) announced today more outstanding results from the next three drill holes targeting the plunge projection of the Iron Cap Deposit at KSM. Long runs of higher grades continue to support revisions to the KSM’s mine plan which could substantially improve project economics. The KSM project, located in north western British Columbia, Canada is 100%-owned by Seabridge and hosts a cluster of four large porphyry gold-copper deposits including Iron Cap. See our news release of September 6, 2017 for the first five Iron Cap holes drilled this summer. Seabridge Chairman and CEO Rudi Fronk noted that “Iron Cap is permitted as a block cave and it’s ideally located close to, and dips towards, the proposed ore conveyance tunnel between the mine site and process facility. This fact strongly suggests that changing the mine plan to exploit Iron Cap just after the Mitchell deposit and before Kerr could offer substantial economic improvements. This change could substantially reduce development costs and increase gold production in the earlier years,” said Fronk. “The reason we decided to mine Kerr first was the smaller size of the Iron Cap resource, but the extraordinary widths we are encountering in the drilling make it clear to us that Iron Cap will probably rival Kerr in size and grade.” Fronk noted that the September, 2016 Technical Report for KSM provided a 50+ year mining scenario that estimated project gold output averaging more than a million ounces annually for the first seven years of production. “We believe that moving up Iron Cap could significantly expand this period of exceptionally high gold production. | |
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