Relative placement of major deposits at the KSM gold-copper project. (Image: Seabridge Gold)
BRITISH COLUMBIA – Toronto-based Seabridge Gold has laid out plans to conduct $19.7 million worth of drilling at its KSM gold-copper project 65 km northwest of Stewart. Two rigs are already on the site, and three more are to be added as snow conditions permit. A total of about 28,000 metres of drilling is planned.
First, Seabridge will first conduct geotechnical and confirmation drilling. This phase should be done by the end of June.
Then, the company wants to drill 21,000 metres to test the down plunge of the high grade Iron Cap deposit to the west of the current resource. The relative position between Iron Cap and the planned alignment of the Mitchell-Treaty tunnel will also be examined.
Resources at the Iron Cap deposit were updated earlier this year. There is thought to be an indicated resource of 370 million tonnes with an average grade of 0.43 g/t gold and 0.23% copper as well as silver and molybdenum. The inferred portion is 1.3 billion tonnes at 0.48 g/t gold and 0.30% copper. In terms of total contained metals, this portion of the project has roughly 25.1 million oz. of gold, 10.3 billion lb. of copper, 150.9 billion oz. of silver and 73.0 million lb. of molybdenum.
Find additional details at www.SeabridgeGold.net.