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Seabridge Gold Targets High-Grade in New KSM Drilling
Toronto, Ontario--(Newsfile Corp. - August 27, 2019) - Seabridge Gold (TSX: SEA) (NYSE: SA) an...
About this update from Seabridge Gold Inc
[{"type":"text","content":"Seabridge Gold Targets High-Grade in New KSM DrillingProgram aims to build high-grade resource in newly identified structure at SulphuretsToronto, Ontario--(Newsfile Corp. - August 27, 2019) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that drilling has begun on the KSM project designed to off-set and extend high-grade gold intersections discovered in previous drilling. Two core rigs have been mobilized to complete 4,000 meters in 16 shallow holes within the proposed pit of the Sulphurets Deposit (see map below). The $2.5 million program is expected to be completed before the first of October. Seabridge Chairman and CEO Rudi Fronk commented: \"Our original plans for this year at KSM were focused on completing geophysical surveys to help refine the limits of the existing four porphyry deposits and look for a fifth. A concept to expand the 1500 g/t intersection drilled last year grew out of these surveys and the target was too compelling to ignore. This new target is within the proposed Sulphurets pit plan, so if the program is successful, we will immediately capture new resources.\"During 2018, waste characterization and geotechnical drilling of the proposed Sulphurets pit encountered high grade gold intersections in the following holes: S-18-81: from 69.0 to 71.0 meters, 2.0 meters of 1580.0 g/t Au (>50 oz/tonne) and 209.0 g/t Ag S-18-82: from 21.0 to 33.2 meters, 12.2 meters of 5.8 g/t Au and 7.2 g/t Ag as well as from 112.0 to 116.0 meters, 4.0 meters of 18.5 g/t Au and 30.6 g/t Ag S-18-83: from 117.0 to 119.0 meters, 2.0 meters of 4.4 g/t Au and 3.0 g/t AgThe table at the end of this news release contain the intersections that were previously reported for these three holes. After reviewing the above results, additional shallow intersections were identified from previous drill campaigns in the same area, including: S-11-70: from 151.2 to 153.5 meters, 2.3 meters of 19.6 g/t Au and 5.8 g/t Ag. MC-05-03: from 120.0 to 122.0 meters, 2.0 meters of 9.2 g/t Au and 7.5 g/t Ag.These intersections are clustered within a newly-identified northeast to southwest trending structure having at least 800 meters of strike length. The true width of this zone has not been fully assessed; this program is required to confirm mineralized widths. High-grade gold in these intersections is associated with veins that contain chlorite, biot...