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Drilling Commences at Seabridge Gold’s KSM Project
May. 28, 2010 12:52AM PST
Industrial Metals Investing
Seabridge Gold Inc. (TSX:SEA)(NYSE Amex:SA) reported that drilling is now underway at its 100% owned KSM project as previously announced in the news release of April 19, 2010, this year’s drill program is designed to (i) convert more of the existing mineral resources to proven and probable reserves, and (ii) conduct resource definition drilling at the Iron Cap zone where drilling by previous operators identified the potential for a fourth large deposit at KSM.
Seabridge Gold Inc. (TSX:SEA)(NYSE Amex:SA) reported that drilling is now underway at its 100% owned KSM project as previously announced in the news release of April 19, 2010, this year’s drill program is designed to (i) convert more of the existing mineral resources to proven and probable reserves, and (ii) conduct resource definition drilling at the Iron Cap zone where drilling by previous operators identified the potential for a fourth large deposit at KSM.
The press release is quoted as saying:
Drilling to be conducted at the Mitchell and Sulphurets during 2010 is expected to increase reserves by 2 to 3 million ounces of gold. At Iron Cap, Seabridge’s geologists believe that this new zone has the potential to host 250 to 500 million tonnes of mineralized material at grades similar to the Mitchell zone.
Click here to access the entire press release