Seabridge Reports Increased Resource at KSM Project at Deep Kerr Deposit

Seabridge Gold Inc. (TSX:SEA,NYSE:SEA) announced an updated mineral resource estimate for its KSM project at the Deep Kerr deposit in British Columbia, which showed an inferred resource of 782 million tonnes grading 0.54 percent copper and 0.33 g/t gold, 8.2 million ounces of gold and 9.3 billion pounds of copper.

As quoted in the press release:

Gold and copper grades were estimated by Resource Modeling Inc. (“RMI”) using inverse distance weighting methods within geologically constrained gold and copper grade domains constructed for the Deep Kerr zone. Trend plane search strategies were defined for four distinct structural domains. Copper and gold domains were similar to those used in the 2014 resource model for Deep Kerr also prepared by RMI; confirmation drilling during the 2014 campaign corroborated the major controls on copper and gold distribution and the predictability of the initial resource model.

The drill hole database that was used for the estimate of mineral resources of Deep Kerr consisted primarily of data collected from 45 core drill holes totaling more than 50,000 meters of core drilling completed between 2012 and 2014. RMI reviewed the quality assurance/quality control protocols and results from Seabridge drilling and has concluded that the number and type of gold and copper standard reference materials (standards, blanks, and duplicates) were reasonable.

The Company plans to continue exploration at KSM this year using the proceeds of a $14.2 million bought deal flow-through equity financing announced on March 10, 2015.

Rudi Fronk, chairman and CEO at Seabridge, commented:

The size of Deep Kerr is growing rapidly while maintaining its grade. Furthermore, the shape of the deposit is expected to support the most cost-effective underground mining methodologies and this resource estimate has been carefully limited by this consideration. We therefore have every confidence that Deep Kerr represents an outstanding opportunity for a large, high margin operation attractive to major base metal miners and gold producers. Furthermore, we have not yet found the limits of the very large mineralizing system that created Deep Kerr.

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