Resource News

Seabridge Gold Inc. (TSX:SEA,NYSE:SA) released an updated mineral resource estimate for the Deep Kerr deposit at its KSM project in northwestern BC.

Seabridge Gold Inc. (TSX:SEA,NYSE:SA) released an updated mineral resource estimate for the Deep Kerr deposit at its KSM project in northwestern BC.
As quoted in the press release:

The new inferred resource now totals 1.92 billion tonnes grading 0.41% copper and 0.31 g/T gold (containing 19.0 million ounces of gold and 17.3 billion pounds of copper) constrained by conceptual block cave shapes.
The updated resource estimate represents an increase of 3.0 million ounces of gold and 2.1 billion pounds of copper over last year’s inferred resource estimate which was incorporated into the updated National Instrument 43-101 Technical Report on KSM announced on September 19, 2016.

Rudi Fronk, chairman and CEO of Seabridge Gold, commented:

[T]he resource additions at Deep Kerr fall within a conceptual mine plan that supports cost-effective block-cave underground mining methods. The estimate has been constrained by this mining method. As the deposit grows year by year, it provides us with further opportunities for economic optimization including increased production rates and higher cut-off grades if we need them. You can see the upward trend of projected economics in the new Technical Report we released last year. The Technical Report contains a Preliminary Economic Assessment incorporating the inferred Deep Kerr resource into the KSM project and the positive economic impact is striking. This year’s resource additions likely mean further enhancements to the project’s economics.
The 3.0 million ounce increase in inferred gold resources is once again accretive in terms of ounces of gold per share, as these new ounces more than offset the one million shares issued in two financings completed in 2016. Growing ounces of gold per share remains an important objective in Seabridge’s corporate strategy.

Click here to read the full Seabridge Gold Inc. (TSX:SEA,NYSE:SA) press release.

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