Business
Seabridge Gold's First Drill Test of Snip North Confirms Promising Copper-Gold Porphyry Target
Hole 5 returns 277 meters of 0.80 gpt gold Toronto, Ontario--(Newsfile Corp. - December 14, 2023...
About this update from Seabridge Gold Inc
[{"type":"text","content":"Seabridge Gold's First Drill Test of Snip North Confirms Promising Copper-Gold Porphyry TargetHole 5 returns 277 meters of 0.80 gpt goldToronto, Ontario--(Newsfile Corp. - December 14, 2023) - Seabridge Gold (TSX: SEA) (NYSE: SA) reports today that its first drill program on the Snip North target at its 100% owned Iskut property in Northwestern British Columbia's Golden Triangle has found a new porphyry mineral system which was the aim of the 2023 program. The discovery consists of the intact, well-preserved upper parts of a copper-gold porphyry which identifies as an intermediate sulfidation epithermal occurrence. Work continues, using the drill hole data to vector towards the large intrusive source for the pervasive mineralization found to date. The program at Snip North was designed to evaluate historical drill data where it coincides with a northeast trending structural trend in which nearly all the significant mineral targets at the Iskut Project occur. The shallow historical drill holes exhibit extensive alteration containing base and precious metal anomalies. Seabridge Gold's exploration program at Snip North consisted of an airborne magnetic survey, a magnetotelluric survey (MT) and six diamond drill holes totaling 5,184 meters. The geophysical surveys showed a strong positive magnetic anomaly surrounded by a low-resistivity response co-incident with historical gold-copper assays. A roughly north-south fence of holes was drilled across the northeast striking structural trend to evaluate its mineral occurrences and associated host rocks.Seabridge Chairman and CEO Rudi Fronk commented: \"At Snip North, we have extensive evidence of gold-copper mineralization in historical drilling supported by our deep penetrating geophysical surveys. Furthermore, Snip North lines up with our regional interpretation of mineral deposition at Iskut. We are very encouraged that the last three holes each returned widths of 200 plus meters of gold ranging from 0.48 to 0.80 grams per tonne,\" Fronk noted. \"We are clearly at the top of the system with the intrusive target below us. Our drill results should enable us to vector towards improving mineralization including what we expect will be higher copper grades. We believe we are on the track of a sizeable porphyry mineral system with ore grade potential which we will pursue aggressively in next...