Seabridge Gold Increases Inferred Resource for Deep Kerr Deposit

Seabridge Gold Inc. (TSX:SEA,NYSE:SA) released an updated independent mineral resource estimate for the Deep Kerr deposit, located at its British Columbia-based KSM project.
It now contains an inferred resource of 1.01 billion tonnes grading 0.53 percent copper and 0.35 g/t gold. That works out to 11.3 million ounces of gold and 11.8 billion tonnes of copper, up from 3.2 million ounces of gold and 2.1 billion pounds of copper.
Rudi Fronk, chairman and CEO of Seabridge, commented:

[T]he size of Deep Kerr continues to grow with no diminishment of grade. Furthermore, we have not yet found the limits of the immense mineralizing system that created Deep Kerr. In the three years since its discovery, Deep Kerr has taken its place among the world’s largest gold-copper deposits. The shape of the deposit continues to support cost-effective block-cave underground mining methods and the updated resource estimate has been carefully constrained by this mining method.
The 3.2 million ounce increase in gold resources more than offsets the 1.6 million share flow-through financing completed in April 2015 that funded a significant portion of the 2015 drill program. Growing ounces of gold per share remains an important component of Seabridge’s corporate strategy.

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