The purpose of the work is to build a high-grade
resource there.
Seabridge
Gold Inc. (SEA:TSX; SA:NYSE.MKT) began its $2.5 million, follow-up drill
campaign at the KSM project in British Columbia, it announced in a news release.
The company noted that the drilling is designed to "off-set and extend
high-grade gold intersections discovered in previous drilling."
With two rigs, the company will drill 4,000 meters (4,000m) in 16 shallow
holes in the proposed pit of the Sulphurets deposit to develop a high-grade
resource in a newly identified structure there.
"Our original plans for this year at KSM were focused on completing
geophysical surveys to help refine the limits of the existing four porphyry
deposits and look for a fifth. A concept to expand the 1500 g/t intersection
drilled last year grew out of these surveys and the target was too compelling
to ignore. This new target is within the proposed Sulphurets pit plan, so if
the program is successful, we will immediately capture new resources,"
Chairman and CEO Rudi Fronk said in the release.
Last year, drilling in the proposed Sulphurets pit encountered high-grade
gold intersections that are "clustered within a newly identified
northeast to southwest trending structure having at least 800m of strike
length," the release explained. The mineralized widths of those still
need to be confirmed. "Successful delineation of this target would have
a positive impact on the Sulphurets resource since the pit block model
currently classifies this area as waste."
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