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Seabridge Gold Reports Bronson Slope Resource Estimate at its Iskut Project in BC
Toronto, Ontario--(Newsfile Corp. - June 27, 2024) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("...
About this update from Seabridge Gold Inc
[{"type":"text","content":"Seabridge Gold Reports Bronson Slope Resource Estimate at its Iskut Project in BCToronto, Ontario--(Newsfile Corp. - June 27, 2024) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) (\"Seabridge\") today reports its first mineral resource estimate (MRE) for the Bronson Slope deposit at its 100% owned Iskut project in the Golden Triangle Area of northwestern British Columbia. These results are an intentional by-product of our Porphyry Cu-Au exploration on the Bronson target, where drilling is focused on discovering the source of the gold and copper concentrations previously captured in a historical resource. The MRE incorporates drilling by previous operators and drilling by Seabridge since it purchased the project in 2016. Leading the estimation and technical analysis was Wood Canada Limited (\"Wood\"), supported by Moose Mountain Technical Services (\"MMTS\") and Tetra Tech Canada Inc. (\"Tetra Tech\"). All of these companies are independent of Seabridge.The resource estimation integrates 114 diamond drill holes, of which 25 were completed by Seabridge and the balance by previous operators. Assays from the drilling were subject to probability analysis and outliers were cut by lithological units and composited to 10x10x10 meter blocks. Based on an analysis of variography the block grades were estimated by multi-pass ordinary kriging. The kriged block model was constrained within a conceptual open pit and classified by distance to drill hole data. Bronson Slope Mineral Resource EstimateClassificationNSR Cut-Off ($)Tonne(000)Au (g/t)Cu (%)Ag (g/t)Au oz (million)Cu lbs (million)Ag oz (million)Inferred10517,3000.330.092.75.41,05745  Notes:The Qualified Person for the estimate is Mr. Henry Kim, P.Geo. Principal Resource Geologist, Wood Canada Limited. The estimate is reported using the 2014 CIM Definition Standards. The effective date of the Mineral Resource estimate is June 25, 2024. Mineral Resources stated are contained within a conceptual pit shell developed using metal prices of US$4.00/lb Cu, US$1600/oz Au, US$20/oz Ag, and exchange rate of 0.79 US$ per 1.00 Cdn$, and variable metallurgical recoveries of Cu (35 to 96%), Au (20 to 88%), and Ag (15 to 72%) based on their grades and operating costs of $2.50/t mining and $10/t process and G&A. The assumed average pit slope angle is 45°. NSR ($/t) = (Cu grade/100) * 2204.62 ...