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Seabridge Gold Inc.
Summary
| Project: | Iskut | |
|---|---|---|
| Deposit: | Iskut | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 11/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-11-2017: Seabridge Gold Inc. announces an Exploration/Drilling Update report for its Iskut deposit at the Iskut project. Drilling results incl. 1.5m @ 74.10g/t Au, 6.3g/t Ag from 25.0m. TORONTO, Nov. 20, 2017 -- Seabridge Gold (TSX:SEA) (NYSE:SA) annou | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William E. Threlkeld (Internal) | |
| ABSTRACT: | TORONTO, Nov. 20, 2017 -- Seabridge Gold (TSX:SEA) (NYSE:SA) announced today that its first exploration program on the Quartz Rise target at its 100%-owned Iskut Project in northwestern British Columbia has been completed and all assay results are in hand. Ten core holes were completed this year totaling 4,459 meters. This year’s drilling found evidence of a gold-bearing intermediate sulfidation epithermal system beneath the Quartz Rise lithocap as anticipated. Intercepts included 1.5 meters grading 8.26 g/T gold in QR-17-01 and 1.5 meters grading 74.1 g/T gold in QR-17-07. Sampling of a cliff face north of Quartz Rise returned very high grades ranging from 1.49 to 125.3 g/T gold. An economic source for these gold concentrations was not found in the 2017 drilling but the data acquired in this year’s program has defined a target (see below) which could account for these high grade results. A second exploration program is being planned for next year to pursue this target. Rudi Fronk, Seabridge Chairman and CEO, commented that “in our first program at Quartz Rise, our exploration team has successfully found the right environment for a high-grade epithermal gold deposit. The system at Quartz Rise has all the earmarks we were looking for and we think we have enhanced the potential for a significant discovery. Further geophysical work completed at the end of this year’s program suggests which part of the system should be targeted next year. Iskut’s similarities with KSM are persuasive and this knowledge should help us zero in on the potential at Quartz Rise.” | |
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