Seabridge Gold Reports Positive Drill Results From Kerr Zone
TORONTO, ON - Seabridge Gold Inc. reported that results from this year's core drill program at KSM's Kerr zone should successfully upgrade in-pit inferred resources to measured and indicated and improve the waste to ore ratio by converting material previously defined as waste to mineral resources.
Seabridge President Rudi Fronk commented that "this year's drilling on all three zones at KSM more than achieved our objectives. We are highly confident that we have upgraded the inferred resources in the proposed pit. We have also expanded the resource and improved the ore to waste ratio by discovering new zones and expanding the predicted width of the mineralization. Our next steps are to complete a new KSM resource estimate by year end, followed by new mine plans and culminating in a Preliminary Feasibility Study in March 2010."
The 30 year mine plan in the 2009 Preliminary Assessment captured 1.29 billion tonnes of mineralized material of which 277 million (21%) was classified as inferred mineral resources. To upgrade these in-pit inferred resources to the measured and indicated categories, additional drilling was completed during the 2009 program at the Mitchell, Sulphurets and Kerr zones.
The company’s address is