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Seabridge Gold Inc.
Summary
| Project: | KSM | |
|---|---|---|
| Deposit: | Iron Cap | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 9/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-9-2017: Seabridge Gold Inc. announces an Exploration/Drilling Update report for its Iron Cap deposit at the KSM project. Drilling results incl. 876.9m @ 0.32g/t Au, 0.37% Cu, 2.8g/t Ag from 173.5m. TORONTO, Sept. 06, 2017 (GLOBE NEWSWIRE) -- Seabridge G | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William E. Threlkeld (Internal) | |
| ABSTRACT: | TORONTO, Sept. 06, 2017 (GLOBE NEWSWIRE) -- Seabridge Gold (TSX:SEA) (NYSE:SA) announced today that results from the first five holes drilled this year into the Iron Cap Deposit at KSM could warrant significant changes to the project’s mine plan which could substantially improve project economics. Four of the five holes have long intercepts with gold grades above one gram per tonne. The KSM project, located in north western British Columbia, Canada is 100%-owned by Seabridge and hosts four large porphyry gold-copper deposits including Iron Cap. Seabridge Chairman and CEO Rudi Fronk noted that the Company chose to pursue the Iron Cap program because of its potential for accelerated development at a comparatively low capital cost. “Iron Cap is the closest deposit to project infrastructure and is permitted as a cost-efficient block cave operation but the current plan has it being mined after the Kerr deposit. Iron Cap could be developed years earlier than the Kerr deposit at a much lower cost. Also, Iron Cap has historically reported higher gold grades than the Kerr deposit. The gold potential was reinforced last year by hole 62 which reported an amazing 555 meters of 0.83 grams of gold per tonne and 0.24% copper and an additional 61 meters of 1.20 grams per tonne gold and 0.95% copper,” said Fronk. “We see the potential to make another substantial improvement to KSM’s projected economics if we can grow the gold-rich Iron Cap deposit. The first five holes drilled this year are confirming this potential. The widths of mineralization are excellent and the gold grades are much higher than expected.” | |
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