Seabridge Gold (TSX: SEA) this morning unveiled a maiden mineral resource estimate for the Snip North deposit that suggests the company may have another massive system on its hands.
The initial figures for Snip North, located within the newly renamed Bronson Corridor Project (formerly Iskut), include an inferred resource of 9.2 million ounces of gold, 28.3 million ounces of silver, and 923 million pounds of copper. The estimate is built on a massive 605.7 million tonnes of material, with grades averaging 0.47 g/t gold, 0.07% copper, and 1.5 g/t silver. A further 0.3 million ounces of gold, 36 million pounds of copper, and 1.1 million ounces of silver are found within the indicated category.
Those resources are held within an open pit and an underground model, the latter of which exists below the open pit.
Seabridge CEO Rudi Fronk noted that the scale of this first look at Snip North draws parallels to the company’s flagship KSM project, now one of the largest undeveloped gold-copper projects in the world, when its first resource estimate was established nearly two decades ago.
“We are excited to have accomplished our goal of a robust maiden resource for Snip North. [..] Although it is not yet a material part of our total resource holdings, there remains considerable upside for expansion and discovery of the intrusive. Our team will soon be back on the ground to refine and improve our understanding of this mineral resource and use that understanding to continue exploring the Project,” commented Fronk.
The resource remains open in several directions, meaning the current boundaries are likely just a starting point. Geologists believe the mineralization discovered so far is the result of a large copper-gold porphyry system, though they haven’t yet pinpointed the exact source intrusion that fueled the deposit.
To get to these numbers, the company utilized 58 diamond drill holes, the majority of which were completed during Seabridge’s own exploration campaigns between 2023 and 2025. The technical work was handled by Wood Canada Limited, with Moose Mountain Technical Services and Tetra Tech providing the mining constraints and metallurgical projections.
The decision to rename the wider Iskut Project to the Bronson Corridor Project reflects a strategic pivot toward the entire mineralized belt. Snip North now sits as the second major deposit in the corridor, joining the already established Bronson Slope deposit. That deposit itself hosts 5.4 million ounces of gold, along with 1.1 billion pounds of copper and 45 million ounces of silver, all within the inferred category.
Seabridge Gold last traded at $43.69 on the TSX.
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