BRITISH COLUMBIA – Seabridge Gold of Toronto says the first two holes of the season at the Kerr Deep deposit will help expand the resource and allow the company to expand its mine plan. The gold-copper deposit is part of the KSM project 65 km northwest of Stewart.
The first two holes have already confirmed the continuity of the Deep Kerr mineralization south of the existing resource. Hole K-16-51, drilled 125 metres south of the current resource, cut 119 metres grading 0.44 g/t Au and 0.45% Cu and 187 metres at 0.33 g/t Au and 0.46% Cu. Hole K-16-52 intercepted 231 metres grading 0.31 g/t Au and 0.47% Cu about 500 metres south of 16-51. The mineralization intersected by both holes was about 140 to 250 metres below the existing resource model.
The Deep Kerr deposit has an inferred resource of 1.01 billion tonnes grading 0.35 g/t Au and 0.53% Cu. That equates to containing 11.3 million oz of gold and 11.8 billion lb of copper, and the initial discovery was made only three years ago.
Detailed information about the KSM project is posted at www.SeabridgeGold.net.