BRITISH COLUMBIA – Seabridge Gold of Toronto reports that it has drilled a very large, higher grade core zone at the Deep Kerr target on its KSM project 65 km northwest of Stewart. The Deep Kerr target sits down dip and is in part continuous from the Kerr deposit. Grades in the core are approximately twice the average of the project's proven and probable reserves.
The company offered the results of three holes drilled at Deep Kerr between roughly 900 and 1,200 metres below surface. Hole 23 assayed 0.40 g/t Au, 0.73% Cu and 1.15 g/t Ag over a thickness of 296.2 metres. Hole 24 returned two mineralized sections. The first assayed 0.86 g/t Au, 0.85% Cu and 2.64 g/t Ag over a thickness of 122.7 metres, including a 61.9-metre section that averaged 0.44 g/t Au, 1.02% Cu and 2.80 g/t Ag. The second returned 1.72 g/t Au, 0.83% Cu and 3.16 g/t Ag over 40.1 metres. Hole 25 cut an intersection of 242.2 metres that assayed 0.26 g/t Au, 0.61% Cu and 2.28 g/t Ag, including 0.35 g/t Au, 1.02% Cu and 2.84 g/t Ag over 40.0 metres.
Seabridge has already outlined reserves at KSM that will sustain a mine for 50 years. The higher grades at Deep Kerr will help offset the heavy pre-production capital investment, according to the company.
Chairman and CEO Rudi Fronk said, "Conceptually, we believe that Deep Kerr could be exploited cost effectively from the Sulphurets valley floor. In our view, this discovery and the stability of operating in BC will appeal to both major base metal companies and large gold producers."
Complete information about the KSM project is available at SeabridgeGold.net.
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