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Seabridge Gold Inc.
Summary
| Project: | KSM | |
|---|---|---|
| Deposit: | Iron Cap | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 11/8/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-11-2017: Seabridge Gold Inc. announces an Exploration/Drilling Update report for its Iron Cap deposit at the KSM project. Drilling results incl. 858.1m @ 0.86g/t Au, 0.51% Cu, 2.4g/t Ag from 400m. TORONTO, Nov. 08, 2017 -- Seabridge Gold (TSX:SEA) (NYSE | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William E. Threlkeld (Internal) | |
| ABSTRACT: | TORONTO, Nov. 08, 2017 -- Seabridge Gold (TSX:SEA) (NYSE:SA) today reported outstanding results from the final three holes drilled in the 2017 program targeting the plunge projection of the Iron Cap Deposit at its 100%-owned KSM Project in northwestern British Columbia. These holes returned very long runs of some of the highest metal values found to date at KSM. A total of 10,383 meters of diamond core drilling were completed in 11 holes in this year’s program. All 11 holes returned wide zones of significant grade. The later holes in the program exhibited the best results; the earlier drilling suggested improving gold and copper grades trending to the west and the program was accordingly reoriented in that direction in mid stride. The 2017 program successfully limited the northern and eastern extent of the deposit which remains open down plunge to the west. Seabridge Chairman and CEO Rudi Fronk noted that “our efforts to expand Iron Cap have proved to be an unqualified success. Going into this year, Iron Cap was clearly subordinate in size to both Mitchell and Kerr in the KSM porphyry cluster. The success of this year’s drilling indicates that Iron Cap is approaching parity in size with these other deposits but with zones of considerably higher metal values. We now see the early development of Iron Cap as a high priority for further study due to its grade, location and size. Revising the project’s mine plan to reflect this thinking would likely have a positive impact on KSM’s projected economics.” | |
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