Subscribe
Be the first with the news that moves the market- Seabridge Gold (TSX: SEA) is preparing to drill test its exploration model at the 3 Aces project in Yukon
- The exploration model predicts high grade gold localized in the limbs of second-order folds between thick phyllite sequences and coarse interbedded sandstones and conglomerates
- Four different target areas are planned for drill testing in 2023, where the team intends to evaluate three different settings where the model predicts gold continuity
- Seabridge Gold Inc. (SEA) opened trading at C$18.24
Seabridge Gold (TSX: SEA) is preparing to drill test its exploration model at the 3 Aces project in Yukon.
The exploration model predicts high grade gold localized in the limbs of second-order folds (F2) between thick phyllite sequences and coarse interbedded sandstones and conglomerates. Multiple F2 synforms and antiforms have been identified in the central core area that have not been evaluated, offering opportunities to expand higher grade gold distribution.
Four different target areas are planned for drill testing in 2023: Spades, Hearts, Hearts West, and Clubs. In these areas, the team intends to evaluate three different settings where the model predicts gold continuity.
Seabridge will resume its previously initiated reclamation activities at the site, focused on exploration roads
Seabridge Chairman and CEO Rudi Fronk noted that previous operators defined discrete zones of high grade gold but encountered challenges connecting and extending these zones.
“Our team has recognized structural controls that may be able to resolve the continuity issue. Last season’s work gave us confidence in the grade controls predicted by our exploration model, and we are looking forward to expanding that understanding and moving towards resource delineation.”
3 Aces was acquired by Seabridge in March 2020 as a district scale, orogenic-gold project consisting of 1,734 claims covering 357 km².
Seabridge Gold Inc is a development stage company focused on acquiring, exploring, and developing gold properties in North America. Seabridge holds a 100 per cent interest in several North American gold projects, including the KSM and Iskut projects in Northwest British Columbia, the Courageous Lake project in the Northwest Territories, the Snowstorm project in Northern Nevada and the 3 Aces project set in the Yukon Territory.
Earlier this week, Seabridge published its 2022 Sustainability Report and its inaugural Climate Change Strategy Report, click here for more.
Seabridge Gold Inc. (SEA) opened trading at C$18.24.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
