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Seabridge Drilling Finds Gold at Its Snowstorm Project in Northern Nevada
Toronto, Ontario--(Newsfile Corp. - April 6, 2021) - Seabridge Gold's (TSX: SEA) (NYSE: SA) dr...
About this update from Seabridge Gold Inc
[{"type":"text","content":"Seabridge Drilling Finds Gold at Its Snowstorm Project in Northern NevadaToronto, Ontario--(Newsfile Corp. - April 6, 2021) - Seabridge Gold's (TSX: SEA) (NYSE: SA) drill program at its 100%-owned Snowstorm Project has achieved its key objective: to find a gold-bearing system hosted within similar rocks and structural setting as the Turquoise Ridge Mine. Snowstorm is located 15 km north of Turquoise Ridge on an extension of the prolific Getchell Trend. Although the gold grades to date are very low, Seabridge's exploration team is increasingly confident that these new drill results can be used to vector towards higher grades. A total of 4,495 meters of exploration drilling have been completed at Snowstorm since the most recent program began in mid-September 2020. Rudi Fronk, Seabridge Chairman and CEO, noted, \"When we acquired Snowstorm, we knew it would require a multi-year exploration program. The first drill program in 2019 met its objective as we were able to confirm the structural setting and rocks similar to those that host the Turquoise Ridge deposit. The aim of the second recently completed program was to find gold and pathfinder elements such as arsenic within the type of structures identified as gold-bearing at Turquoise Ridge. This objective was also accomplished,\" said Fronk. \"This program has been an exercise in patience in part because the target strata lie under a thick package of young volcanic rocks. The pace of drilling has been slow due to difficult access in inclement weather, high water pressures in some of the stratigraphy and self-imposed restrictions around COVID concerns. However, we are excited to find that a gold-bearing mineral system is preserved at Snowstorm. We are now evaluating how to use these promising results to find possible concentrations of gold similar to other Getchell occurrences.\" A new drill program is scheduled to begin in July 2021.The 2020 program was designed to test magnetotelluric (MT) structures in an unexplored area east of previous exploration drilling. The drilling was planned to deliver definitive data on whether the MT structures represented pathways for gold-bearing fluids. Two holes tested a shallow dipping geophysical target near multiple converging northeast and northwest trending fault zones. A third angled hole was designed to cross a northeast structure and test t...