Total
0
Shares
TomaGold (TSXV:LOT) intersects 47.4 g/t Au and 87.6 g/t Ag over 1.1 metres on Obalski
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Seabridge Gold (SEA) has achieved the key objective from its 2020 drill program
  • The goal of the program was to find a gold-bearing system at the Snowstorm Project
  • A new drill program is scheduled to begin in July 2021
  • Seabridge Gold is a development stage company involved in the evaluation, acquisition, exploration, and development of gold properties
  • Seabridge Gold (SEA) is up 4.14 per cent and trading at C$21.61 per share

Seabridge Gold (SEA) has achieved the key objective from its 2020 drill program: to find a gold-bearing system at the Snowstorm Project.

The gold grades discovered thus far had been low, but the exploration team at the Snowstorm Project is confident that the new drilling results will yield promising higher grades.

Rudi Fronk, Seabridge Chairman and CEO, noted,

"When we acquired Snowstorm, we knew it would require a multi-year exploration program. The first drill program in 2019 met its objective as we were able to confirm the structural setting and rocks similar to those that host the Turquoise Ridge deposit."

"The aim of the second recently completed program was to find gold and pathfinder elements such as arsenic within the type of structures identified as gold-bearing at Turquoise Ridge. This objective was also accomplished," said Fronk.

Four drill holes were completed as part of the program. Results from the completed drill holes provided positive outcomes in the company's search for gold-bearing fluid pathways.

"We are now evaluating how to use these promising results to find possible concentrations of gold similar to other Getchell occurrences," commented Fronk.

Since the most recent program began in mid-September 2020, a total of 4,495 meters of exploration drilling have been completed at Snowstorm.

A new drill program is scheduled to begin in July 2021.

Seabridge Gold is a development stage company involved in the evaluation, acquisition, exploration, and development of gold properties sited in North America.

Seabridge Gold (SEA) is up 4.14 per cent and trading at C$21.61 per share as of 1:08 pm ET.

More From The Market Herald
ALX Resources (TSXV:AL) announces $1.5 million private placement

" ALX Resources (TSXV:AL) announces $1.5 million private placement

ALX Resources (AL) has announced a non-brokered private placement for gross proceeds of up to $1.5 million.
Cruz Battery Metals (CSE:CRUZ) significantly expands its Solar Lithium Project

" Cruz Battery Metals (CSE:CRUZ) significantly expands its Solar Lithium Project

Cruz Battery Metals (CRUZ) has expanded its drill-ready Solar Lithium Project in Nevada from 3,202 to 5,500 acres.
Sirios Resources (TSXV:SOI) signs its second drilling contract with Synee Drilling

" Sirios (TSXV:SOI) completes $448,996 capital raise

Sirios Resources (SOI) has closed its non-brokered private placement and flow-through private placement for aggregate gross proceeds of $448,996.
Origen (CSE:ORGN) capitalizes on lithium first-mover advantage in Newfoundland

" Spearmint (CSE:SPMT) commences phase II work program at the Goose Gold Project

Work has commenced on Spearmint Resources’ (SPMT) phase II work program at the Goose Gold Project.