Seabridge Gold releases first Snip North resource estimate

Seabridge Gold (TSX: SEA; US-NYSE: SA) released an inaugural mineral resource estimate for its Snip North deposit at its Iskut project in British Columbia's Golden Triangle, demonstrating significant expansion of the high-grade gold deposit.

"We are excited to have accomplished our goal of a robust maiden resource for Snip North. This resource estimate reminds us of our first estimate at KSM nearly 20 years ago," Seabridge chair and CEO Rudi Fronk commented. "Although it is not yet a material part of our total resource holdings, there remains considerable upside for expansion and discovery of the intrusive. Our team will soon be back on the ground to refine and improve our understanding of this mineral resource and use that understanding to continue exploring the project."

Snip North delivers first resource of 9.2 million ounces gold

Seabridge Gold has defined a inaugural inferred mineral resource at Snip North containing 9.2 million ounces of gold, 28.3 million ounces of silver and 923 million pounds of copper across 605.7 million tonnes grading 0.47 g/t gold, 0.07% copper and 1.5 g/t silver.

The company continues to identify mineralization extending the resource in multiple directions, indicating significant expansion potential for the Golden Triangle deposit.

Resource details

The mineral resource estimate carries an effective date of April 8, 2026. Technical teams constrained mineral resources within mineable shapes based on assumed mining methods. The open pit configuration uses a net smelter return cut-off of $14.51 per tonne based on estimated operating costs and metal price assumptions including $2,875 per ounce gold, $5.05 per pound copper, $34.50 per ounce silver and $23 per pound molybdenum.

Economic assumptions

The resource estimates assume reasonable prospects of eventual economic extraction using metal prices 140% higher than the net smelter return assumptions, including $4,025 per ounce gold, $7.10 per pound copper, $48.30 per ounce silver and $32.20 per pound molybdenum. Engineers used a 45-degree pit slope, $2.50 per tonne open pit mining cost and $40 per tonne underground mining cost.

The discovery at Snip North strengthens Seabridge's position in the prolific Golden Triangle region and provides additional exploration upside as the company continues developing its portfolio of gold projects across North America.

A full breakdown of Seabridge's mineral reserves and mineral resources by category can be found on the company's website at www.SeaBridgeGold.com