Business
Seabridge Gold Advancing Drill Program at 3 Aces; Drilling Continues to Confirm Exploration Model and Expand Targets
Drilling continues to confirm exploration model and expand targets Toronto, Ontario--(Newsfile Corp. - August 7, 2024) - Seabridge Gold (TSX: SEA) (NYSE: SA) to
About this update from Seabridge Gold Inc
[{"type":"text","content":" Drilling continues to confirm exploration model and expand targets Toronto, Ontario--(Newsfile Corp. - August 7, 2024) - Seabridge Gold (TSX: SEA) (NYSE: SA) today announced that this year's core drilling program is expanding known mineralized zones in the Central Core Area (CCA) and identifying new target opportunities. A second helicopter-portable reverse circulation drill has begun evaluating historical prospects on the 357 km2 3 Aces property outside the CCA that show similar characteristics to the CCA. Commenting on progress of this year's program, Rudi Fronk, Seabridge Chairman and CEO, noted, \"Our team is recognizing the favourable characteristic details of gold-bearing zones conforming to our new geological model across the 3 Aces Project. The principal patterns that localize gold in the Central Core Area are being recognized broadly across the property. We remain confident that this year's work will move the project towards resource delineation while also increasing the prospective size of the 3 Aces opportunity.\" The new 3 Aces exploration model predicts continuity of mineralization, including high-grade gold, localized along the limbs of second-order folds (F2). Mineralized zones are best expressed on these fold limbs at the contacts between phyllite units and coarse interbedded sandstone and conglomerate. Brittle fracturing and arsenopyrite-bearing quartz veins and breccias at these contacts are the preferred host to gold on the zones that crop-out in the CCA. The exploration model predicts continuity of these gold traps under cover in the CCA. In the CCA, extensions of several F2 folds are being investigated with early drilling and we have encountered several zones of favourable arsenopyrite-bearing veins and breccias on these projected fold limbs as expected in the model. These zones are likely to expand the size of previously recognized gold-bearing zones in the CCA. Assay results are expected to be available shortly. Drilling and modeling work continue. Regionally, surface mapping and sampling are finding evidence of F2 folds in unexplored areas of the property. Initial work on several regional targets has pinpointed arsenopyrite-bearing quartz veins and breccias along fold limbs that mimic the gold zones in the CCA. Exploration continues at these regional targets to better evaluate conformity to the model and...