High Grade Gold Deposit At KSM

TORONTO - Seabridge Gold reported results from the final 10 exploration holes drilled last summer on the newly discovered Camp Zone at its 100%-owned KSM Project in northwestern British Columbia. The new results include 10 intercepts above 10 grams of gold per tonne, confirming the high grade nature of this deposit which is favorably located at low altitude near planned infrastructure.

The Camp Zone discovery is interpreted as an epithermal style gold occurrence containing significant widths of gold grades well above, and copper grades markedly below, the average for KSM's proven and probable reserves. The Camp Zone appears to be chemically similar to Pretium's neighboring Brucejack deposit and may be a structurally preserved portion of the upper part of the gold-copper porphyry mineral system which was not expected to be present on the KSM property.

Seabridge Chairman and CEO Rudi Fronk said: We continue to be encouraged by this new discovery which appears to have the potential grade and size to make a significant contribution to KSM's already robust economics. Although it is very early in the discovery process, this deposit may open up new options for developing KSM. Our $15 million exploration program for 2013 is designed to enhance our understanding of the Camp Zone while also pursuing several highly prospective copper-gold core zone targets.