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Be the first with the news that moves the market- Seabridge Gold (TSX:SEA) has outlined a new drill program at the Iskut Copper and Gold Project in British Columbia
- The company has designed an 8,000-metre exploration program to test a large system the company believes is responsible for the surrounding lithocap mineralisation
- Drilling will focus along 750 metres of strike and vertically down around 800 metres and the company hopes to intersect a substantial gold-copper porphyry system
- The company noted that structures in this area are similar to mineralisation at its nearby KSM Gold Project, which is located just 30 kilometres from Iskut
- Seabridge Gold (SEA) is down 0.41 per cent, with shares trading at C$22.01 and a market cap of $1.44 billion
Seabridge Gold (TSX:SEA) has outlined a new drill program at its Iskut Copper and Gold Project in British Columbia.
After three years of exploration surrounding the site’s Quartz Rise lithocap, the company believes an area above the past-producing Johnny Mountain Mine is ready for further study.
Consequently, the company has designed an 8,000-metre exploration program to test a large intrusive system the company believes is responsive for the surrounding lithocap mineralisation.
Drilling will focus along 750 metres of strike and vertically down around 800 metres and the company hopes to intersect a substantial gold-copper porphyry system.
The company noted that structures in this area is remarkable similar to mineralisation at its nearby KSM Gold Project, which is located just 30 kilometres from Iskut.
Seabridge used a similar drill program to outline the Deep Kerr zone at KSM, which is estimated to contain 1.9 billion tonnes gold at 0.31 grams per tonne and 0.41 per cent copper.
Exploration at Iskut is being headed by William E. Threlkeld, Senior Vice President of Seabridge and a registered professional geologist.
Seabridge Chairman and CEO, Rudi Fronk is pleased the exploration program can commence, while under COVID-19 safety protocols.
“We acquired Iskut because we saw clear evidence of a large porphyry system which looked to be similar in age and geology to our KSM project 30 kilometers to the east.
“We are now working with the Tahltan Nation, B.C. Regulators, our suppliers, and consulting with competitors to advance our target this season in a manner that will ensure safe operations during the COVID-19 pandemic,” he said.
Seabridge Gold (SEA) is down 0.41 per cent, with shares trading for C$22.01 at 10:10am EDT.
