15:11:32 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Seabridge Gold Inc
Symbol SEA
Shares Issued 45,556,376
Close 2013-09-23 C$ 12.39
Market Cap C$ 564,443,499
Recent Sedar Documents

Seabridge Gold drills 317.7 m of 0.33 g/t Au at KSM

2013-09-24 06:13 ET - News Release

Mr. Rudi Fronk reports

SEABRIDGE GOLD FINDS STRONG CONTINUITY OF HIGHER GRADE MATERIAL AT DEEP KERR

Seabridge Gold Inc.'s additional drilling at the Deep Kerr core zone continues to yield wide intercepts of higher grades on its 100-per-cent-owned KSM project in northwestern British Columbia. Five diamond core drill rigs are now focusing on 1,000 metres of strike along the zone to generate data for an initial resource estimate. The Deep Kerr core zone measures at least 1,600 metres along strike and remains open to the north and at depth.

Seabridge announced on Aug. 12, 2013, a higher-grade copper-gold core zone named Deep Kerr was discovered beneath the Kerr porphyry deposit (see news release). On Sept. 12, 2013, Seabridge further announced that it had discovered a bornite-rich zone within Deep Kerr with exceptional grades (see news release). Subsequent drilling has confirmed strong continuity of both the larger Deep Kerr zone and the very high-grade bornite zone contained within it.

  ASSAY RESULTS FROM THE NEXT FOUR CORE HOLES DRILLED AT DEEP KERR THIS YEAR 

              Total                                     Gold   Copper   Silver
              depth      From         To  Thickness    grade    grade    grade
Hole ID     (metres)  (metres)   (metres)   (metres)    (g/t)      (%)    (g/t)

K-13-23B      1,359     953.0    1,249.4      296.4     0.59     0.65      1.1
K-13-24C      1,284     825.0    1,053.0      228.0     0.96     0.72      2.6
K-13-25A                883.6      959.2       75.6     0.99     0.42      2.7
              1,337   1,158.4    1,334.4      176.0     0.28     0.62      1.8
including             1,158.4    1,224.4       66.0     0.46     1.02      2.5
K-13-30         771     326.0      645.7      317.7     0.33     0.53      1.0
including               524.2      590.6       66.4     0.80     1.19      1.7

Two thousand thirteen drilling at Deep Kerr is employing state-of-the-art directional drilling tools that enable additional holes to be started partway down a previously drilled hole. The directional tools ensure that the new hole deviates from the first in a predictable manner to provide multiple intersections of the target, offset from the original intercept. This technology significantly reduces the amount of drilling required to achieve a new intercept of the target zone as the top 500 to 800 metres of the hole is not redrilled. The above reported drill holes with a letter designation after the hole number represent wedged drill holes completed from holes that have been previously reported (that is, K-13-23, K-13-24 and K-13-28). Drill hole K-13-23B wedged from K-13-23 at 535 metres. Hole K-13-24C was wedged at 500 metres from K-13-24, and K-13-25A was wedged from hole K-13-25 at 600 metres.

The reported drill holes were designed to intersect mineralized zones as close as technically feasible to a perpendicular angle to their strike. Therefore, the true widths of this mineralization are believed to be 75 per cent or greater of the reported intercepts. (For a drill location map and cross sections of Deep Kerr, see Seabridge's website.)

The KSM project contains one of the largest undeveloped gold and copper reserves in the world. Its composite intrusive complex hosts four large gold-copper porphyry deposits with direct genetic links to epithermal vein deposits including the neighbouring Brucejack/Valley of the Kings development owned by Pretium Resources. The KSM mining district has undergone enormous deformation as the rocks that host its deposits were welded onto the North American continent. As a consequence of this deformation, many of the original geometric arrangements and mineralogical cues common in porphyry systems have been significantly modified and obscured. Seabridge is now unravelling the complex history of the district in order to discover the magmatic sources of its huge mineralizing systems.

Exploration activities at KSM are being conducted by Seabridge employees under the supervision of William E. Threlkeld, senior vice-president of Seabridge and a qualified person as defined by National Instrument 43-101. Mr. Threlkeld has reviewed and approved this news release. A continuing and rigorous quality control/quality assurance protocol is being employed during the 2013 program including blank and reference standards in every batch of assays. Cross-check analyses are being conducted at a second external laboratory on 10 per cent of the samples. Samples are being assayed using fire assay atomic adsorption methods for gold, total digestion ICP methods for other elements, and atomic adsorption methods for copper, silver, molybdenum, lead, zinc and arsenic on samples with greater than 0.5 per cent copper, by ALS Minerals Canada Ltd. in North Vancouver, B.C.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.