Drilling Underway at Seabridge’s KSM Project

Seabridge Gold (TSX:SEA,NYSE:SA) announced that exploration drilling is underway at its KSM project in Northwestern B.C.

As quoted in the press release:

The KSM Project contains one of the largest undeveloped gold and copper reserves in the world. Its composite intrusive complex hosts four large gold-copper porphyry deposits with direct genetic links to epithermal vein deposits including the neighboring Brucejack/Valley of the Kings occurrences owned by Pretium Resources. Three of this year’s targets are “core zone” deposits. In mining districts similar to KSM in size, with multiple magma sources and comparable genetic/deformational histories such as Oyu Tolgoi, Pebble, Resolution, and Grasberg, major new discoveries have been made late in the exploration history, often below shallow porphyry deposits and/or beneath faults. The fourth target for this year is a potentially fully preserved down thrown block of epithermal-style gold and silver occurrence similar to Brucejack/Valley of the Kings.

Seabridge’s Chairman and CEO, Rudi Fronk, said:

Our team has never been more excited to begin an exploration program. The insights for these targets have emerged over several years but they have been deferred while we drilled off the known deposits in order to establish reserves and proceed with permitting. We are finally getting back to the kind of exploration which has the potential to add significant shareholder value, even under the current poor market conditions.

To view the whole press release, click here.