Seabridge Expects to Substantially Raise Inferred Resource at Deep Kerr

Seabridge Gold Inc. (TSX:SEA,NYSE:SA) released all of the drill results from 2014 exploration drilling at the Deep Kerr deposit at its BC-based KSM project, noting that 12,900 meters drilled across 13 core holes resulted in the expansion of the deposit’s known dimensions “along strike to the north and south as well as at depth.”

As quoted in the press release:

Drilling also confirmed the geological and resource models developed following the 2013 discovery program. Seabridge is highly confident that the 2014 results will support a substantial increase in the Deep Kerr inferred resource which currently stands at 515 million tonnes grading 0.53% copper and 0.36 g/T gold. A new resource estimate is expected in the first quarter of 2015.

Rudi Fronk, chairman and CEO of Seabridge, commented:

[O]ur program this year was focused principally on expanding the Deep Kerr resource and also expanding our understanding of its limits and controls on mineralization. It is clear from this program that the resource model is robust-it successfully predicts metal distribution. This year’s drilling demonstrates that the Deep Kerr high-grade zones are controlled by primary fluid pathways within mineralizing intrusions, an observation reflected in the high vein and fracture densities which are positive for higher grades. We have also determined that the depth and south limits remain open. Deep Kerr continues to emerge as one of the more promising opportunities on a global scale.

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