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Seabridge Gold (TSX:SEA, NYSE:SA) announced that drilling has begun at the Walsh Lake gold target at their Courageous Lake project in the Northwest Territories.
Seabridge Gold (TSX:SEA, NYSE:SA) announced that drilling has begun at the Walsh Lake gold target at their Courageous Lake project in the Northwest Territories.
As quoted in the press release:
Last year’s summer program at Walsh Lake completed 23 core holes totaling 10,211 meters. The results exceeded expectations with 22 of 23 holes returning significant gold values including 26 intercepts above 15 grams per tonne (approximately half an ounce per tonne). The Walsh Lake zone now has a strike length of 850 meters and remains open to the north, up dip and at depth.
Seabridge ‘s Chairman and CEO, Rudi Fronk said:
Walsh Lake could make a significant contribution to the economics of the overall Courageous Lake project. With its location and ease of access, higher grade material from Walsh Lake could be processed first which would accelerate payback of capital as well as extending mine life. This result would certainly accomplish the objectives set last year when we went looking for additional deposits at Courageous Lake.
To view the whole press release, click here.