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Iron Cap Drill Results Expand Seabridge Gold Inc.’s Potential at its KSM Project
Seabridge Gold Inc. (NYSE Amex: SA; TSX: SEA) received drill results at its Iron Cap target at KSM with wide intercepts above average grades for the project. The drilling has identified a new deposits of at least 900 meters in length, 400 meters wide and up to 350 meters thick adjacent to the Mitchell zone. The potential to sequence mining with Mitchell (before Kerr and Sulphurets) and blend ore has good potential to reduce estimated operating costs and improve the economics of the project. Seabridge Gold has plans to complete infill drilling to establish a new resource. Given consistency of drilling other areas of the project and visible alteration we anticipate further drilling success. Seabridge Gold’s KSM project is one of the world’s largest copper-gold projects.
