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Seabridge Gold Inc
Symbol SEA
Shares Issued 50,275,126
Close 2015-10-06 C$ 8.98
Market Cap C$ 451,470,631
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Seabridge drills 339.8 m of 0.53 g/t Au, 0.6% Cu at KSM

2015-10-07 08:08 ET - News Release

Mr. Rudi Fronk reports

SEABRIDGE GOLD DRILLING CONTINUES TO GROW HIGHER GRADE DEEP KERR DEPOSIT

Results from two more core holes drilled into Deep Kerr at Seabridge Gold Inc.'s 100-per-cent-owned KSM project in northwestern British Columbia are substantially expanding the deposit in an area being evaluated for low-cost, underground block cave mining. These holes are further step-outs downdip from the current resource limits.

The holes drilled this year are confirming a high degree of continuity of mineralization over very considerable distances. K-15-49A intercepted 340 metres averaging 0.53 gram per tonne gold and 0.60 per cent copper, including a 197 m interval grading 0.69 g/t gold and 0.72 per cent copper. K-15-50 intercepted 334 m grading 0.41 g/t gold and 0.30 per cent copper about 350 m laterally to the south from K-15-49. K-15-49A intersected the mineralized zone about 200 m above K-15-49 and roughly 200 m below the existing resource limit. As reported on Aug. 26, 2015, K-15-49 intercepted 483 m averaging 0.43 g/t gold and 0.56 per cent copper, including a 250 m interval grading 0.49 g/t gold and 0.70 per cent copper.

The two original holes, K-15-49 and K-15-50, have been re-entered for so-called daughter holes which use part of the original hole before being wedged into new intercepts of the target zone. Daughter holes K-15-49B and K-15-50A have been completed and assays are awaited. K-15-49B was designed to extend the dip projection of the resource 200 m north of K-15-49. K-15-50A is a step-out nearly 200 m to the south of, and about 300 m above, K-15-50. All the holes in the 2015 campaign have targeted the projection of the west high-grade limb of Deep Kerr. These holes were not extended to test the east high-grade limb because projected depths would have been prohibitive. The east zone remains open at depth and remains a high-potential target.

In the past two years, Seabridge has successfully targeted higher-grade zones beneath KSM's near-surface porphyry deposits, resulting in the discovery of Deep Kerr and the Iron Cap Lower zone, two copper-rich deposits that have added nearly one billion tonnes of inferred resources to the project at a higher average grade. The goal at Deep Kerr this year was to confirm the continuity of the mineralized zone below the simulated block cave shape used to constrain Deep Kerr resources. The north-central part of the Kerr deposit was selected to test the expansion potential of the deposit.

Seabridge chairman and chief executive officer Rudi Fronk commented: "We are delighted by the ongoing expansion of Deep Kerr. We are finding thick, continuously mineralized intervals in orientations that are favourable for efficient extraction. The result should be a sizable increase in resources which we expect will be amenable to block cave mining. We are also pleased to see higher gold grades with depth. Over all, Deep Kerr is once again demonstrating that it has very few equals for size and grade."

The table summarizes the drill hole intersections for K-15-49A and K-15-50

                                   KSM DRILL RESULTS

Drill hole               From            To   Interval       Gold     Copper  Silver
                           (m)           (m)        (m)      (g/t)        (%)   (g/t)

K-15-49A              1,304.4       1,644.2      339.8       0.53       0.60     3.1
including             1,358.2       1,555.0      196.8       0.69       0.72     4.0
K-15-50               1,430.4       1,764.4      334.0       0.41       0.30     2.4
including             1,433.0       1,598.4      165.4       0.56       0.27     3.1
including             1,659.4       1,713.8       54.4       0.29       0.41     2.0

Drill holes were oriented using historical information and were designed to intercept the mineralized target at right angles to the strike of the zone. The orientation will be refined with additional drilling but current information indicates the intervals in the table approximate the true thickness of the mineralized zones.

Exploration activities by Seabridge at the KSM project are 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. A continuing and rigorous quality assurance/quality control protocol is employed in all Seabridge drilling campaigns. This program includes blank and reference standards, and in addition all copper assays that exceed 0.25 per cent Cu are reanalyzed using ore grade analytical techniques. Cross-check analyses are conducted at a second external laboratory on at least 10 per cent of the drill samples. Samples are assayed at ALS Chemex Laboratory, Vancouver, B.C., using fire assay atomic adsorption methods for gold and ICP methods for other elements.

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