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Seabridge targets Deep Mitchell at KSM

 

Last updated 5/17/2015 at Noon



Seabridge Gold Inc. May 12 said the 2015 exploration program at its KSM Project in northwestern British Columbia is planned to begin with drilling at the lower elevations of the Mitchell valley and then proceed to Kerr and Iron Cap.

Over the past two years, Seabridge has targeted higher grade core 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 nearly one billion metric tons to project resources.

This year's main target is a possible higher grade core zone beneath Mitchell, the largest deposit at KSM. A high resolution airborne magnetic survey has recently been completed to aid in refining the drill targets, particularly at Mitchell.

"The potential under Mitchell has been our top exploration target for more than four years but earlier attempts to drill it ran into technical difficulties.

We believe we now have a reliable solution that will enable us to complete holes into this high value target," explains Seabridge Chairman and CEO Rudi Fronk.

This year's program at KSM is considerably smaller than previous years, reflecting the completion of an environmental assessment process which culminated in provincial and federal approvals in 2014.

The company said the C$16.4 million financing completed last month will provide plenty of funds to complete its planned 2015 program.

 

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