BRITISH COLUMBIA – Toronto’s Seabridge Gold has released its 2015 exploration plans for its KSM copper-gold project 65 km northwest of Stewart. The company is going to drill a major core zone target for higher grades below the gold-rich Mitchell deposit. It will also drill at Deep Kerr and the Iron Cap Lower zone to expand and refine block caving shapes, thus boosting the underground mining potential.
The Mitchell deposit is the largest porphyry copper-gold system at KSM. The 1.4 billion tonnes of proven and probable reserves with grades of 0.16% Cu and 0.60 g/t Au are recoverable by developing an open pit. Two holes will test the plunge projection of the high grade centre, and if they are promising, additional drilling will be done to expand the zone.
The Deep Kerr deposit remains open to the south and at depth with an inferred resource of 782 million tonnes grading 0.54% Cu and 33 g/t Au. Results of drilling will extend the footprint of the block caving shapes, eventually leading to a higher mining rate for high grade ore.
The Iron Cap Lower zone has an inferred resource of 164 million tonnes at and 0.27% Cu and 0.59 g/t Au. The grades are better than the Iron Cap resource that lies above it. The Lower zone has significant depth potential. Surface drilling will test both that and the extension of the zone to the north.
Details of the KSM project are available at SeabridgeGold.net.