Seabridge Gold (TSX: SEA) has identified that a copper-gold porphyry system exists at their Snip North target, which is part of the larger Iskut property in British Columbia. The discovery follows the receipt of assays from the first three drill holes of a 12,000 metre drill campaign focused on the property.
Highlights from the results include:
- SN-25-25: 729.1 metres of 0.48 g/t gold, 0.16% copper, 1.2 g/t silver and 108 ppm molybdenum from a depth of 62.5 metres
- Including 448.5 metres of 0.63 g/t gold, 0.23% copper, 1.4 g/t silver and 148 ppm molybdenum
- SN-25-26: 340.8 metres of 0.51 g/t gold, 0.11% copper, 1.2 g/t silver and 73 ppm molybdenum from a depth of 75.2 metres
- Including 46.0 metres of 0.86 g/t gold, 0.25% copper, 1.8 g/t silver and 220 ppm molybdenum
- SN-25-27: 267.6 metres of 0.44 g/t gold, 0.15% copper, 1.2 g/t silver and 94 ppm molybdenum from a depth of 3.4 metres
- Including 61.5 metres of 0.48 g/t gold, 0.20% copper, 1.2 g/t silver and 99 ppm molybdenum
Each of the three holes are said to have successfully extended the mineralized footprint of Snip North, with wide intervals of porphyry-style mineralization intercepted. True thickness of the drill holes is not currently known.
“We are very excited by the early results from this year’s program. Our drilling is designed to achieve a density of pierce points needed for a maiden resource from a mineralized zone that so far measures approximately 1,700x600x600 meters, with the aim of announcing a resource estimation for Snip North early next year,” commented Rudi Fronk, CEO of Seabridge Gold.
Seabridge Gold last traded at $22.94 on the TSX.
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