2011 Drill Program Underway at Seabridge
Gold's KSM Project
Seabridge Gold announced today that a $5.1 million
exploration program is now underway at its 100% owned KSM project targeting
higher grade material favorably located for early production, which could
enhance the project's already robust economics.
program is designed to upgrade approximately three million ounces of higher
grade inferred gold resources at the Sulphurets
and Kerr zones to proven and probable reserves. These resources are currently
classified as waste in the 2011 Preliminary Feasibility Study. Drilling will
also test the down-dip extension of the higher
grade breccia zone at Mitchell. This material could
potentially be exploited cost-effectively in an underground panel caving
operation which is now under study. Panel caving deeper portions of the
Mitchell deposit could improve production grades and substantially reduce
stripping ratios and waste rock storage.