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Seabridge Drilling Confirms Integrating KSM's Mitchell and Snowfield Deposits, New PFS Combining Snowfield and Mitchell Expected Next Quarter
Toronto, Ontario--(Newsfile Corp. - February 1, 2022) - Seabridge Gold (TSX: SEA) (NYSE: ...
About this update from Seabridge Gold Inc
[{"type":"text","content":"Seabridge Drilling Confirms Integrating KSM's Mitchell and Snowfield Deposits, New PFS Combining Snowfield and Mitchell Expected Next QuarterToronto, Ontario--(Newsfile Corp. - February 1, 2022) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that further drill results from the 2021 drill program have validated the integration of the Snowfield deposit into the KSM mine plan. Geological modeling of these results show the Snowfield deposit is the upper part of the Mitchell deposit with essentially identical controls on metal distribution and complementary metallurgy, enabling a combined surface mining scenario for initial production at KSM.Seabridge Chairman and CEO Rudi Fronk commented: \"The critical objective for our 2021 drill program at KSM was to demonstrate the ability to merge our Snowfield deposit into the greater KSM Project. This objective was met and our confidence is now very high that the Snowfield deposit, acquired by Seabridge in 2020, will support a reshaping of the project which is likely to enhance gold reserves, projected annual gold production and payback while also deferring capital expenditures associated with block-cave development. Affirmation is expected late in the second quarter when a new KSM Preliminary Feasibility Study (\"PFS\") is scheduled for completion. To avoid confusion going forward and better reflect continuity with the Mitchell deposit, we are now referring to the Snowfield deposit as the East Mitchell deposit.\" The drilling results reported below represent 2,460 meters of the 4,531 meter program completed this season to confirm model grades, obtain metallurgical sample material and evaluate geotechnical characteristics for slope determination. Initial observations from these holes were integrated into the geological model derived from re-logging historical drilling. Assay results have confirmed grade continuity from the Mitchell deposit for the intrusive hosted mineralization as well as for surrounding wall rocks.Drill Hole Assay Results Drill Hole IDTotal Length (meters)From (meters)To(meters)Thickness (meters)Gold Grade(g/t)Copper Grade (%)Silver Grade (g/t)Mitchell DepositM-21-154319.62.7319.6316.90.660.192.9including2.778.175.40.890.223.3East Mitchell DepositSF-21-08362.14.3362.1357.81.060.041.4including4.3186.5182.21.700.041.8including34.080.046.02.550.052.0SF-21-09150.50...