SitNews - Stories in the News - Ketchikan, Alaska


Drilling starts with two core rigs at KSM Project


June 22, 2016
Wednesday PM

(SitNews) Toronto, Canada - Seabridge Gold announced today that drilling has begun with two core rigs at its 100%-owned KSM Project in northwestern British Columbia. Seabridge Gold outlined its 2016 exploration plans on May 24, 2016. The program calls for 10,000 meters of core drilling designed to expand by as much as 800 meters on the block cave shapes that confine the current resource estimate. (See the plan map and cross sections).

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The 2016 program also includes 3,000 meters of core drilling on Seabridge’s 100%-owned Iskut Project, also located in northwestern British Columbia about 20 kilometers from KSM. The Iskut Project was obtained with the closing of Seabridge’s acquisition of SnipGold Corp.

Commenting on the program, Seabridge Chairman and CEO Rudi Fronk said that "our geological team believes the mineralized zone on the west limb of the Deep Kerr deposit projects to the south. Extending the footprint of the proposed block cave shapes in this direction should enable us to increase the potential mining rate for Deep Kerr higher grade material." In addition, drilling will target the less-explored eastern limb of the Deep Kerr deposit to test its potential expansion at depth.

“At Iskut, we are planning to begin exploring for high grade gold which the property is historically known for. This year’s objective is to determine which of the many known targets has the best potential, in preparation for a much larger program next year,’ Fronk said.

Fronk noted that "once again we have designed and funded this exploration program based on our firm expectation that it will increase our gold resources on a per share basis."

Exploration activities by Seabridge at the KSM Project and Iskut will be conducted under the supervision of William E. Threlkeld, Registered Professional Geologist, Senior Vice President of the Company and a Qualified Person as defined by National Instrument 43-101. Mr. Threlkeld has reviewed and approved this news release. An ongoing and rigorous quality control/quality assurance protocol is employed in all Seabridge drilling campaigns. This program includes blank and reference standards, and in addition all copper assays that exceeded 0.25% Cu are re-analyzed using ore grade analytical techniques. Cross-check analyses are conducted at a second external laboratory on at least 10% of the drill samples.

Seabridge holds a 100% interest in several North American gold projects. The Company's principal assets are the KSM Project located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada's Northwest Territories.


On the Web:

Seabridge Gold outlined its 2016 exploration plans on May 24, 2016 - Tuesday, 24th May 2016 News Release



Edited by Mary Kauffman, SitNews


Source of News:

Seabridge Gold (TSX:SEA) (NYSE:SA)


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