BRITISH COLUMBIA – Toronto-based Seabridge Gold has discovered a new, higher grade zone at the KSM project 65 km northwest of Stewart. Core drilling in the Iron Cap Lower zone has found the down plunge extension of the Iron Cap high grade core and also intersected a previously unknown deposit with initial gold and copper grades among the best to be found to date, said the company.
Hole IC-16-62 was collared north of previous drilling and steered into the target zone below the intersection in hole IC-14-59. The new hole returned 0.83 g/t Au, 0.24% Cu, and 4.4 g/t Ag over 556 metres in rock that closely resembles those intersected by the earlier hole.
A distinctly separate mineralized zone 61 metres long was intercepted in the shallow part of hole IC-16-62. It assayed 1.2 g/t Au, 0.95% Cu, and 4.1 g/t Ag. Seabridge said this zone consists on an intensely veined porphyritic intrusive rock similar to the Mitchell deposit. The zone is juxtaposed against the disseminated silica-potassic alteration of Iron Cap along a normal fault below the Sulphurets thrust fault as do the other major deposits at KSM.
For a full breakdown of Seabridge’s mineral reserves and mineral resources by category please visit the company’s website at www.SeabridgeGold.net/resources.php.