BRITISH COLUMBIA – According to owner Seabridge Gold of Toronto, the 2013 exploration results from the Deep Kerr drilling dramatically change the economic profile of the KSM (Kerr-Sulphurets-Mitchell) project 65 km northwest of Stewart.
"A year ago, KSM was an attractive large scale gold project with a robust copper credit. With the addition of Deep Kerr, we believe KSM is now equally a top tier copper project with grades that potentially invite comparison with the world's largest and most profitable operating copper-gold mines such as Grasberg (Freeport McMoran), Batu Hijau (Newmont) and Bingham Canyon (Rio Tinto)," said the company in a recent release.
Seabridge drilled a total of 23,802 on the Deep Kerr target between June and October this year. Twenty-three of the holes encountered significant mineralization and had a weighted average of 0.46 g/t Au and 0.71% Cu over a width of 220 metres. A 43-101-compliant resource estimate is expected early next year.
Seabridge Chairman and CEO Rudi Fronk noted, "There is no doubt in our mind that Deep Kerr will prove to be a very large deposit. With a known strike of 1,600 meters, a known depth of 700 meters and a target that is wide open to the north and at depth, we see billion tonne potential in front of us."
Other drilling results from the 2013 program are available at SeabridgeGold.net.