BRITISH COLUMBIA – The updated resource number at the KSM Deep Kerr deposit now stands at 782 million inferred tonnes grading 0.54% Cu and 0.33 g/t Au. Owner Seabridge Gold says the deposit contins an estimated 8.2 million oz of gold and 9.3 billion lb of copper. The property is 65 km northwest of Stewart.
The geological model for Deep Kerr includes a broad zone of altered rock representing several relic intrustions. This formation is about 2,000 metres in the north-south direction, 600 metres in the east-west direction, and roughly 1,500 metres deep. Unlike other deposits at KSM, Deep Kerr has markedly less pyrite relative to copper-bearing minerals. The deposit will probably be suitable for low cost block cavng underground methods.
Seabridge expects to rlease the maiden resource estimte for the new Iron Cap lower zone soon. Check for the information at SeabridgeGold.net.