Higher-Grade Copper-Gold Core Zone Discovered At KSM

TORONTO, ON - Seabridge Gold has discovered a very large, higher-grade core zone at Deep Kerr on its 100%-owned KSM project in northwestern British Columbia, Canada. Sitting down dip and in part continuous from the Kerr deposit, Deep Kerr is reporting significant mineralized intervals containing total metal values per tone that are approximately two times KSM's proven and probable reserve average, with some intervals exceeding 1.0% copper and gold grades as high as 1.7 grams per tone (g/T). Aggressive drilling with five large core rigs continues.

Three of this year's drill targets were selected as potential core zone targets: Deep Kerr, Mcquillan and Iron Cap. Chairman and CEO Rudi Fronk noted that a core zone discovery at Deep Kerr was the primary objective of this year's program. "KSM is already a very large project with excellent capital efficiency thanks to more than 50 years of reserves which are economic. However, higher grades at Deep Kerr should help offset KSM's large upfront capital costs, making the project more attractive to a possible joint-venture partner. The grades we are finding at Deep Kerr are exceptional and the size is highly significant. Conceptually, we believe that Deep Kerr could be exploited cost effectively from the Sulphurets valley floor. In our view, this discovery and the stability of operating in BC will appeal to both major base metal companies and large gold producers," he said.