Seabridge Gold's KSM Project Continues to Expand

TORONTO - Seabridge Gold Inc. reported results from another nine holes drilled this summer at the Kerr-Sulphurets-Mitchell project continue to confirm the geological model and extend the resource area to the north and at depth. Five of these were successful infill drill holes which are expected to upgrade a significant portion of the project's inferred resources to the indicated category. Hole M-08-73, a deep drill test following the northwest plunge of the Mitchell zone, confirms the continuity of this zone beyond the current model. Three geotechnical holes drilled to test the proposed north and south pit walls identified several zones of mineralization within the conceptual pit which had been classified in the geological model as waste.
Seabridge has reported on 19 holes drilled this summer at KSM of which five are exploratory, 11 are infill and three are geotechnical (intended to evaluate slope stability for mining operations). A total of 17,000 meters were drilled in the now completed program.
Seabridge Gold President and CEO Rudi Fronk said the new results have "exceeded our expectations. We will now need to expand our geological model to incorporate extensions of the high grade plunge of the Mitchell zone and to redefine material in the pit slopes that is currently classified as waste. In addition, the success of our infill program should mean a significant conversion of inferred resources into the measured and indicated category."
The company's address is 106 Front Street East, Suite 400, Toronto, ON M5A 1E1, 416.367.9292, fax: 416.367.2711, email: [email protected].