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Seabridge Gold Inc.
Summary
| Project: | KSM | |
|---|---|---|
| Deposit: | KSM | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper-Molybdenum | |
| Date: | 9/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-9-2018: Seabridge Gold Inc. announces an Exploration/Drilling Update report for its KSM deposit at the KSM project. Drilling results incl. 374.1m @ 0.84g/t Au, 0.20% Cu, 3.36g/t Ag from 5.9m. TORONTO, Sept. 24, 2018 -- Seabridge Gold Inc. (TSX:SEA) (NY | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William Threlkeld (Internal) | |
| ABSTRACT: | TORONTO, Sept. 24, 2018 -- Seabridge Gold Inc. (TSX:SEA) (NYSE:SA) announced today that this summer’s program at its 100%-owned KSM Project in north western British Columbia, Canada is meeting its objectives after early delays due to adverse weather and the impact of BC fire season on equipment and labour availability. The 2018 program includes confirmation work to ensure that the project is ready for final feasibility when a partner is secured and exploration drilling to further define the higher grade core of the Iron Cap deposit down-plunge from the existing inferred resource. The confirmation work has consisted of drilling to substantiate our reserve model (completed), waste characterization drilling and geotechnical drilling (nearly completed). Six diamond drill rigs have been employed to ensure that objectives are met. Seabridge Chairman and CEO Rudi Fronk commented: “Weather conditions were far different this year than what we have aexperienced at KSM over the past decade, forcing us to make program adjustments on the fly. Also, the unprecedented fire activity throughout the province and in our area limited our access to some services. We are now on top of these issues and we expect to complete our planned program by extending our field season by several weeks. Results thus far indicate that all of our confirmation work is consistent with our development model and the inferred resource at Iron Cap will grow substantially.” Reserve Confirmation Drilling Five holes totaling 1,746 meters were sited to confirm the mineral reserves in those areas where production would likely begin. Drill holes in the Mitchell, Sulphurets and Kerr deposits confirmed block grades comparable to model predictions. Results include: | |
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