Seabridge Gold (SA) Reports Exploration Holes at Ker Deposit Indicate Significant Metal Grades
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Seabridge Gold Inc. (NYSE: SA) reported that the nine exploration holes drilled in 2011 at the Kerr deposit have returned some of the highest grades encountered to date at Seabridge Gold's 100%-owned KSM project in northwestern British Columbia. All nine of the core holes completed at Kerr (totaling 2,630 meters) intersected mineralization which is expected to add to resources and reserves and improve the project's economics.
Seabridge President and CEO Rudi Fronk commented that "this drilling has opened up the Kerr deposit down dip with better than expected grades. The results strongly suggest that we can add further higher-grade copper mineralization in future programs. Meanwhile, the holes drilled this year have likely upgraded inferred and unclassified material within the planned pit and should therefore contribute to reserve expansion in the new KSM Preliminary Feasibility Study planned for release in April 2012." (See attached cross-section).
An updated NI-43-101Mineral Resource Estimate for the entire KSM project and incorporating the Kerr drill results is scheduled for completion in the next 30 days.
Seabridge President and CEO Rudi Fronk commented that "this drilling has opened up the Kerr deposit down dip with better than expected grades. The results strongly suggest that we can add further higher-grade copper mineralization in future programs. Meanwhile, the holes drilled this year have likely upgraded inferred and unclassified material within the planned pit and should therefore contribute to reserve expansion in the new KSM Preliminary Feasibility Study planned for release in April 2012." (See attached cross-section).
An updated NI-43-101Mineral Resource Estimate for the entire KSM project and incorporating the Kerr drill results is scheduled for completion in the next 30 days.
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