Drill collar locations testing the Iron Cap deposit at the KSM project, October 2017. (Credit: Seabridge Gold)
BRITISH COLUMBIA – Toronto’s Seabridge Gold says drilling at the Iron Cap deposit continues to return long and strong intersections that supports a revised mine plan that could substantially improve project economics for of the KSM project 65 km northwest of Stewart.
The most recent three drill holes returned these assays:
- Hole IC-17-68 tested 0.46 g/t gold and 0.38% copper over 237.0 metres, including 0.27 g/t gold and 1.01% copper over 38.0 metres and including 0.93 g/t gold and 0.09% copper over 44.4 metres.
- Hole IC-17-69 returned 0.38 g/t gold and 0.31% copper over 954.0 metres, including 0.71 g/t gold and 0.38% copper over 118.0 metres.
- Hole IC-1-70 assayed 0.71 g/t gold and 0.71% copper over 925.0 metres, including 0.98 g/t gold and 0.605 copper over 491.0 metres and including 1.14 g/t gold and 1.11% copper over 104.6 metres.
Seabridge said the drill holes were oriented using historical information and were designed to intercept the mineralized target down plunge of the strike to the zone as closely as topographic constraints permitted. More drilling is planned to refine the orientation. For a drill hole plan map and cross-sections please click this link.
Seabridge chairman and CEO Rudi Fronk said that the Iron Cap deposit will probably rival the Kerr deposit in size and grade.
Seabridge holds a 100% interest in several North American gold resource projects. The company’s principal assets are the KSM and Iskut properties located near Stewart, B.C., and the Courageous Lake gold project located in Northwest Territories. For a breakdown of Seabridge’s mineral reserves and resources by project and category please visit the Company’s website at www.SeabridgeGold.net/resources.php.