BRITISH COLUMBIA – Toronto’s Seabridge Gold announced that the 2016 drilling program at the KSM copper-gold project 65 km northwest of Stewart will total 10,000 metres in the hope of extending the Deep Kerr block caving resource 800 metres to the south.
The Seabridge geological team believes the block caving shapes can be expanded, resulting in an increase in the potential mining rate and improving the economics. Other drilling will target the less explored eastern limb of the Deep Kerr deposit to text its potential expansion at depth.
Since its discovery in 2013, the Deep Kerr deposit has been extensively tested, but it remains open to the south and at depth. The company’s 2015 resource estimate included 1.0 million inferred tonnes grading 0.53% Cu (containing 11.8 billion lb), 0.35 g/t Au (11.3 million oz), 2.0 g/t Ag (64.8 million oz), and 27 ppm Mo (60.0 million lb).
Plans and cross-sections of this year’s program are at http://SeabridgeGold.net/pdf/NMay24-16-maps.pdf.