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Seabridge Gold Inc.
Summary
| Project: | KSM | |
|---|---|---|
| Deposit: | Iron Cap | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper-Molybdenum | |
| Date: | 10/30/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-10-2018: Seabridge Gold Inc. announces an Exploration/Drilling Update report for its Iron Cap deposit at the KSM project. Drilling results incl. 582.7m @ 0.59g/t Au, 0.41% Cu, 1.4g/t Ag from 991.6m. TORONTO, Oct. 30, 2018 -- The first two holes complet | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William Threlkeld (Internal) | |
| ABSTRACT: | TORONTO, Oct. 30, 2018 -- The first two holes completed in this summer’s drilling on the Iron Cap deposit at Seabridge Gold’s (TSX:SEA) (NYSE:SA) 100%-owned KSM project in north western British Columbia, Canada have intersected some exceptional widths of gold and copper mineralization with grades exceeding the KSM resource average (see map and crosssections). Results from another 12 holes are expected in the next several weeks. This year’s principal exploration objectives were to test the down plunge projection of the high-grade core zone of the Iron Cap Deposit to the west of the current resource and evaluate the relative positioning between Iron Cap and the currently planned alignment of the Mitchell-Treaty Tunnel (MTT). Due to its proximity to the MTT and its higher grade, Iron Cap could potentially improve KSM’s economics by mining it before the Kerr deposit. The 2018 program successfully tested the down plunge projection of the Iron Cap core zone, assessed the distribution of post-mineral intrusions on the south end of the Iron Cap deposit and obtained data for the re-alignment of the proposed MTT to avoid conflicts with mining operations. Seabridge Chairman and CEO Rudi Fronk commented: “Site conditions were challenging for this program, but we have still been able to realise the progress we anticipated. Our expectation is to extend and improve our resource model for Iron Cap, which is on course to becoming one of the best deposits in the KSM complex. A new resource estimate should be completed in the first quarter of the new year.” | |
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