NORTHWEST TERRITORIES – Drilling on the shores of Courageous Lake has added at least 400 m along strike to the FAT gold deposit, and that is a good thing. The property is 100%-owned by SEABRIDGE GOLD of Toronto. The latest results come from core drilled from three distinct zones of mineralization which Seabridge says appear to be a continuation of the FAT deposit’s main gold zones.
Three holes encountered felsic ash tuffs containing zones of sericite-quartz alteration with sulphide minerals and quartz veining. Assays returned values of 2.23 g/t Au over 17.99 m, 4.99 g/t Au over 7.7 m and 1.56 g/t Au over 5.66 m. The values are consistent with other results from the FAT deposit.
The FAT deposit may contain over 8 million oz of gold according to earlier estimates, and the new extension could host another million ounces, says the company. Measured and indicated resources are 44.2 million tonnes grading 2.49 g/t Au, with inferred resources of 65.5 million tonnes grading 2.32 g/t Au.
A location map and complete information about the Courageous Lake project are available at www.SeabridgeGold.net.