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Seabridge Drilling Supports Integrating Snowfield into KSM Project
New PFS Likely to Increase Gold Reserves and Enhance Project Economics Toronto, Canada--(News...
About this update from Seabridge Gold Inc
[{"type":"text","content":"Seabridge Drilling Supports Integrating Snowfield into KSM ProjectNew PFS Likely to Increase Gold Reserves and Enhance Project EconomicsToronto, Canada--(Newsfile Corp. - November 1, 2021) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) Early results from this year's drill program at KSM support a reshaping of the project which could enhance gold reserves, projected annual gold production and payback while also deferring and reducing major capital expenditures associated with block-cave development, Seabridge Chairman and CEO Rudi Fronk announced today. Confirmation is expected in next year's second quarter when a new KSM Preliminary Feasibility Study (\"PFS\") is scheduled for completion.\"The critical objective for our 2021 drill program at KSM was to enable us to merge our 2020 Snowfield acquisition into the greater KSM project,\" said Fronk. \"Results to date are very encouraging.\" The KSM Project hosts a huge gold-copper porphyry system in the Golden Triangle region of northwestern British Columbia, Canada. Drilling is confirming the Snowfield geological model and block grades. Composited assay grades from the first of six holes drilled at Snowfield closely match the grades in the resource model inherited from the previous owner of Snowfield. \"Both the Mitchell and Snowfield resource models are holding up very well. We foresee a seamless integration of Snowfield into KSM by blending Snowfield ore with Mitchell production, resulting in a meaningful extension of open pit mining prior to any underground block-cave mining,\" he said. The drilling at KSM this season consisted of 9,450 meters dedicated to several goals including 3,484 meters drilled at Snowfield and Mitchell to confirm model grades and obtain metallurgical sample material. The balance of the drilling was to evaluate the geotechnical characteristics on the margins of the Snowfield deposit and along the planned MTT tunnel route. Results from the first of six holes drilled at Snowfield along with the first four of five holes from Mitchell are reported in the table below. Results from the remaining six holes will be reported when assay results are in hand.\"Every year, we execute programs designed to improve KSM economic projections. We are increasingly confident that integration of Snowfield into a new KSM mine plan will increase proven and probable gold reserves, inc...