Drilling Supports Expansion Of Deep Kerr Mine Plan

 

TORONTO, ON - Seabridge Gold reported that results from the final three core holes drilled this year at Deep Kerr successfully filled in the gaps required to support a southern extension of the deposit. The five holes completed in 2016 are expected to expand the known resource about 500 meters along strike to the south at grades consistent with the deposit’s inferred resource. The shape and orientation of the extension are expected to expand the block cave designs in the proposed mine plan. Deep Kerr is located on Seabridge’s 100%-owned KSM Project in northwestern British Columbia, Canada.

Over the past three years, Seabridge’s exploration programs have successfully targeted higher grade zones beneath KSM’s near-surface porphyry deposits, resulting in the discovery of Deep Kerr and the Iron Cap Lower Zone, two copper-rich deposits that have added more than one billion tonnes of inferred resources to the project at a higher average grade. The Deep Kerr deposit contains an inferred resource of 1.61 billion tonnes grading 0.31 g/T gold, 0.43% copper and 1.8 g/T silver (16.0 million ounces of gold, 15.2 billion pounds of copper and 93 million ounces of silver). 

Drill hole results described here are daughter holes from the original drill collars on holes K-16-51 and 52. Hole K-16-51A was steered to the south of K-16-51 and provided an intersection of the Deep Kerr deposit about 200 meters south of, and slightly above, the original drill hole. Hole K-16-52A was steered to cut the target zone directly below the original hole. Hole K-16-52B was drilled to intersect the zone below, and north from, K-16-52. Results from these drill holes continue to show that Deep Kerr is a robust and extensive copper-gold deposit with a north-south strike extent approaching 2.0 kilometers and more than 1.5 kilometers of vertical continuity.