BRITISH COLUMBIA – Toronto-based Seabridge Gold has received complete drill results from its 2014 campaign – 12,900 metres in 13 holes – at its KSM project 65 km northwest of Stewart. The company says the Deep Kerr deposit has been successfully expanded along strike to the north and south as well as at depth.
Seabridge is confident that the 2014 results will support a substantial increase in the Deep Kerr inferred resource which currently stands at 515 million tonnes grading 0.36 g/t Au and 0.53% Cu. A new resource estimate is expected in Q1 2015.
The KSM project has a total of 2.8 million measured and indicated tonnes that grade 0.55 g/t Au (containing 49.0 million oz) and 0.21T Cu (containing 12.7 million lb). The inferred resource is 1.1 million tonnes at 0.41 g/t Au (15.0 million oz) and 0.17% Cu (4.1 million lb). This estimate is in addition to the inferred resource of the Deep Kerr zone.
The KSM project covers a composite intrusive complex that hosts four known, large gold-copper porphyry deposits. Details of the KSM geology are available at SeabridgeGold.net/ksm_geology.php.