BRITISH COLUMBIA – Seabridge Gold of Toronto has completed the initial resource estimate for the Deep Kerr gold-copper deposit at its KSM project 65 km northwest of Stewart. The zone contains an inferred resource of 515 million tonnes grading 0.53% Cu and 0.36 g/t Au for a total of 5.9 million contained oz of gold and 6.1 billion contained lb of copper.
The KSM project keeps getting bigger and bigger for Seabridge. The pre-feasibility study released in May 2012 outlined 38.2 million oz of gold and 9.9 billion lb of copper plus silver and molybdenum. The Deep Kerr zone was discovered only recently, in August 2013.
Deep Kerr is open to the north and down dip, according to the company. The deposit exhibits excellent grade continuity both vertically and laterally. Drilling hints at increasing abundance of higher grade bornite, as opposed to chalcopyrite, down plunge. The deposit is considered suitable for block caving according to the geological model.
More information about the KSM project is available at SeabridgeGold.net.