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Drilling Confirms Major Gold-Copper Discovery Beneath KSM's Iron Cap Deposit
New Intercepts include 0.68 g/T gold and 0.30% copper over 514 meters Additional rig move...
About this update from Seabridge Gold Inc
[{"type":"text","content":"\n\nNew Intercepts include 0.68 g/T gold and 0.30% copper over 514 metersAdditional rig moved to site to accelerate new zone towards resource estimate\n\nTrading Symbols:        TSX: SEA                                     NYSE: SA                                                                                         \n\n\n\n\nTORONTO, Sept. 3, 2014 /CNW/ - Seabridge Gold announced today that early results from this year's drill program at its 100%-owned KSM Project in northwestern British Columbia, Canada have confirmed a major new gold-copper occurrence beneath Iron Cap, one of the project's four large porphyry deposits. The discovery, which began to emerge in the 2013 drill program, is called the Iron Cap Lower Zone. The drill program is now being intensified in order to generate sufficient data for an initial resource estimate expected by January, 2015.\n\nCommenting on the news, Chairman and CEO Rudi Fronk noted that \"a key objective for this year's drilling is to find additional higher grade core zones following last year's major discovery of the Deep Kerr deposit. The potential below Iron Cap was our number one new target because of where it is. Iron Cap Lower Zone sits about 1000 meters laterally from the access tunnels designed for the KSM project which should make it efficient to develop and mine. Also, the existing Iron Cap deposit is already designed as an underground block cave mine. Extending this deposit down plunge into higher grade gold and copper in the Lower Zone could significantly improve the Iron Cap deposit with little change to the KSM project design,\" Fronk said. \n\nLast year's Deep Kerr core zone discovery resulted in an initial inferred resource of 51...