BRITISH COLUMBIA – Seabridge Gold of Toronto has updated the inferred resource for the Deep Kerr deposit, saying that it is now believed to contain 1.01 billion tonnes grading 0.53% Cu and 0.35 g/t Au. That amounts to 11.3 million oz of gold and 11.8 billion lb of copper.
In terms of contained metals, the new numbers represent a 3.2 million oz increase in gold and a 2.1 billion lb increase in copper over last year’s estimate.
Seabridge chairman and CEO Rudi Fronk noted that in the three years since the Deep Kerr was discovered it has become one of the world’s largest gold-copper deposits. Moreover, the shape of the deposit has been constrained to support the low cost block caving method of mining.
The Deep Kerr deposit is part of Seabridge’s KSM project 65 km northwest of Stewart. A comprehensive overview of the project is posted at www.SeabridgeGold.net.