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Seabridge Gold Inc. (TSX:SEA,NYSE:SA) announced that results from this year’s drill program at its British Columbia-based KSM project confirm that there is a “major new gold-copper occurrence” underneath the Iron Cap porphyry deposit.
Seabridge Gold Inc. (TSX:SEA,NYSE:SA) announced that results from this year’s drill program at its British Columbia-based KSM project confirm that there is a “major new gold-copper occurrence” underneath the Iron Cap porphyry deposit.
As quoted in the press release:
The discovery, which began to emerge in the 2013 drill program, is called the Iron Cap Lower Zone. The drill program is now being intensified in order to generate sufficient data for an initial resource estimate expected by January, 2015.
Rudi Fronk, chairman and CEO of Seabridge, commented:
[A] key objective for this year’s drilling is to find additional higher grade core zones following last year’s major discovery of the Deep Kerr deposit. The potential below Iron Cap was our number one new target because of where it is. Iron Cap Lower Zone sits about 1000 meters laterally from the access tunnels designed for the KSM project which should make it efficient to develop and mine. Also, the existing Iron Cap deposit is already designed as an underground block cave mine. Extending this deposit down plunge into higher grade gold and copper in the Lower Zone could significantly improve the Iron Cap deposit with little change to the KSM project design.
Click here to read the full Seabridge Gold Inc. (TSX:SEA,NYSE:SA) press release.