Seabridge Gold Advancing Drill Program at 3 Aces
Seabridge Gold (TSX: SEA) (NYSE: SA) reports progress on its 3 Aces project in Yukon Territory. The core drilling program is expanding known mineralized zones in the Central Core Area (CCA) and identifying new targets. A second drill is evaluating historical prospects outside the CCA. The exploration model predicts continuity of mineralization, including high-grade gold, along second-order fold limbs.
Early drilling has encountered favorable arsenopyrite-bearing veins and breccias on projected fold limbs, likely expanding previously recognized gold-bearing zones. Regional mapping is finding evidence of similar structures across the property. Seabridge believes 3 Aces has potential as a district-scale opportunity. The company is also conducting reclamation and environmental monitoring activities.
Seabridge Gold (TSX: SEA) (NYSE: SA) riporta progressi sul suo progetto 3 Aces nel Territorio dello Yukon. Il programma di perforazione principale sta espandendo le zone mineralizzate conosciute nell'Area Centrale (CCA) e identificando nuovi obiettivi. Un secondo trapano sta valutando prospettive storiche al di fuori della CCA. Il modello di esplorazione prevede continuità di mineralizzazione, inclusi oro di alta qualità, lungo i lembi di piegatura di secondo ordine.
Le prime perforazioni hanno incontrato vene e brecce contenenti arsenopirite favorevoli sui lembi di piega previsti, probabilmente ampliando le zone d'oro precedentemente riconosciute. La mappatura regionale sta trovando prove di strutture simili in tutta la proprietà. Seabridge ritiene che 3 Aces abbia potenziale come opportunità su scala distrettuale. L'azienda sta anche conducendo attività di ripristino e monitoraggio ambientale.
Seabridge Gold (TSX: SEA) (NYSE: SA) informa sobre avances en su proyecto 3 Aces en el Territorio de Yukon. El programa de perforación central está expandiendo zonas mineralizadas conocidas en el Área Central (CCA) e identificando nuevos objetivos. Un segundo taladro está evaluando prospecciones históricas fuera de la CCA. El modelo de exploración predice continuidad de mineralización, incluido oro de alta ley, a lo largo de los pliegues de segundo orden.
Las perforaciones iniciales han encontrado venas y brechas portadoras de arsenopirita favorables en los pliegues proyectados, lo que probablemente expanda las zonas de oro previamente reconocidas. La cartografía regional está encontrando evidencia de estructuras similares en toda la propiedad. Seabridge cree que 3 Aces tiene potencial como una oportunidad a escala distrital. La empresa también está llevando a cabo actividades de recuperación y monitoreo ambiental.
Seabridge Gold (TSX: SEA) (NYSE: SA)는 유콘 준주의 3 Aces 프로젝트에 대한 진행 상황을 보고합니다. 주관적 굴착 프로그램이 중앙 코어 지역(CCA)의 알려진 광물화 구역을 확장하고 새로운 목표를 식별하고 있습니다. 두 번째 드릴링 기계는 CCA 외부의 역사적인 전망을 평가하고 있습니다. 탐사 모델은 광물화의 연속성을 예측하며, 두 번째 순서의 주름 다리에서 높은 품질의 금을 포함합니다.
초기 굴착에서는 예상된 주름 다리에서 유리안 잔여물을 포함한 유리질 광맥이 발견되어, 이전에 인식된 금 함유 구역이 확장될 가능성이 있습니다. 지역 매핑은 부동산 전체에서 유사한 구조의 증거를 찾고 있습니다. Seabridge는 3 Aces가 구역 수준 기회로서의 잠재력을 가지고 있다고 믿고 있습니다. 이 회사는 복원 및 환경 모니터링 활동도 진행하고 있습니다.
Seabridge Gold (TSX: SEA) (NYSE: SA) fait état des progrès de son projet 3 Aces dans le Territoire du Yukon. Le programme de forage principal élargit les zones minéralisées connues dans la Zone Centrale (CCA) et identifie de nouveaux objectifs. Un deuxième forage évalue les prospects historiques en dehors de la CCA. Le modèle d'exploration prédit la continuité de la minéralisation, y compris de l'or de haute qualité, le long des plis de second ordre.
Les premiers forages ont rencontré des veines et brèches contenant de l'arsénopyrite favorables sur les plis prévus, ce qui devrait probablement élargir les zones aurifères précédemment reconnues. La cartographie régionale trouve des preuves de structures similaires sur toute la propriété. Seabridge pense que 3 Aces a un potentiel en tant qu'opportunité à l'échelle du district. L'entreprise mène également des activités de réhabilitation et de surveillance environnementale.
Seabridge Gold (TSX: SEA) (NYSE: SA) berichtet über Fortschritte bei seinem 3 Aces Projekt im Yukon-Territorium. Das Hauptbohrprogramm erweitert bekannte mineralisierte Zonen im Central Core Area (CCA) und identifiziert neue Ziele. Ein zweites Bohrgerät evaluiert historische Aussichten außerhalb der CCA. Das Explorationsmodell sagt Kontinuität der Mineralisierung voraus, einschließlich hochgradigem Gold entlang der zweiten Ordnung von Falten.
Frühe Bohrungen haben günstige arsenopyrithaltige Adern und Brekzien in den prognostizierten Falten getroffen, was wahrscheinlich die zuvor erkannten goldhaltigen Zonen erweitert. Die regionale Kartierung findet Hinweise auf ähnliche Strukturen auf dem Grundstück. Seabridge glaubt, dass 3 Aces Potenzial als groβflächige Gelegenheit hat. Das Unternehmen führt auch Rekultivierungs- und Umweltüberwachungsaktivitäten durch.
- Expansion of known mineralized zones in the Central Core Area
- Identification of new target opportunities across the 357 km2 property
- Early drilling results align with the new geological model, potentially expanding gold-bearing zones
- Evidence of similar gold-bearing structures found in unexplored areas of the property
- Potential for a district-scale opportunity at 3 Aces
- Assay results from recent drilling not yet available
- Project still in exploration phase, no resource delineation or production
Insights
The drilling program at Seabridge Gold's 3 Aces project is yielding promising results, confirming the company's geological model and expanding known mineralized zones. The identification of arsenopyrite-bearing quartz veins and breccias along projected fold limbs is particularly significant, as these are often associated with gold mineralization in orogenic gold deposits.
The expansion of the exploration to regional targets outside the Central Core Area (CCA) is a strategic move. Finding similar characteristics across the 357 km² property suggests potential for a district-scale opportunity, which could significantly increase the project's value. However, investors should note that exploration is still in early stages and resource delineation is yet to be achieved.
The company's focus on environmental monitoring and reclamation activities alongside exploration demonstrates responsible mining practices, which is increasingly important for regulatory approval and social license to operate.
While Seabridge Gold's update on the 3 Aces project is encouraging, it's important to note that the company is still in the exploration phase. The lack of quantitative data on gold grades or resource estimates means it's too early to accurately assess the project's economic potential.
Investors should consider that exploration projects carry high risk and require significant capital expenditure before generating revenue. However, Seabridge's diversified portfolio, including the flagship KSM project, provides some risk mitigation.
The company's ability to fund ongoing exploration across multiple projects will be crucial. As of their last financial report, Seabridge had a strong cash position, but continued exploration without revenue generation will impact this. The market will likely look for more concrete results and resource estimates in future updates to justify further investment.
Drilling continues to confirm exploration model and expand targets
Toronto, Ontario--(Newsfile Corp. - August 7, 2024) - Seabridge Gold (TSX: SEA) (NYSE: SA) today announced that this year's core drilling program is expanding known mineralized zones in the Central Core Area (CCA) and identifying new target opportunities. A second helicopter-portable reverse circulation drill has begun evaluating historical prospects on the 357 km2 3 Aces property outside the CCA that show similar characteristics to the CCA.
Commenting on progress of this year's program, Rudi Fronk, Seabridge Chairman and CEO, noted, "Our team is recognizing the favourable characteristic details of gold-bearing zones conforming to our new geological model across the 3 Aces Project. The principal patterns that localize gold in the Central Core Area are being recognized broadly across the property. We remain confident that this year's work will move the project towards resource delineation while also increasing the prospective size of the 3 Aces opportunity."
The new 3 Aces exploration model predicts continuity of mineralization, including high-grade gold, localized along the limbs of second-order folds (F2). Mineralized zones are best expressed on these fold limbs at the contacts between phyllite units and coarse interbedded sandstone and conglomerate. Brittle fracturing and arsenopyrite-bearing quartz veins and breccias at these contacts are the preferred host to gold on the zones that crop-out in the CCA. The exploration model predicts continuity of these gold traps under cover in the CCA.
In the CCA, extensions of several F2 folds are being investigated with early drilling and we have encountered several zones of favourable arsenopyrite-bearing veins and breccias on these projected fold limbs as expected in the model. These zones are likely to expand the size of previously recognized gold-bearing zones in the CCA. Assay results are expected to be available shortly. Drilling and modeling work continue.
Regionally, surface mapping and sampling are finding evidence of F2 folds in unexplored areas of the property. Initial work on several regional targets has pinpointed arsenopyrite-bearing quartz veins and breccias along fold limbs that mimic the gold zones in the CCA. Exploration continues at these regional targets to better evaluate conformity to the model and drilling is now underway. Additionally, several new conceptual targets are being developed that may better explain some large gold-in-soil anomalies and other historical exploration results. This ongoing regional work is providing Seabridge with strong evidence of a potential district scale opportunity at 3 Aces.
Seabridge has resumed its previously initiated reclamation activities at the site, concentrating on exploration roads. Environmental monitoring activities, focusing on wildlife management, water sampling and understanding environmental baseline conditions, continue in support of our exploration activities and in compliance with our permit.
3 Aces was acquired by Seabridge in March 2020. It consists of 1,734 claims covering 357 km² (35,700 ha) located in a road accessible part of southeastern Yukon. Historical work developed broad areas of gold-in-soil extending more than 20 kilometers and past drilling encountered extensive gold. We believe the characteristics of the 3 Aces project are indicative of an orogenic gold project consistent in formation with other orogenic gold deposits in the vicinity and around the world.
Seabridge holds a
Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release includes certain forward-looking statements or forward-looking information. This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this news release. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding: (i) our confidence that this year's work will move the project towards resource delineation while also increasing the prospective size of the 3 Aces opportunity, potentially to district-scale opportunity; (ii) the exploration model predicting continuity of gold traps under cover in the CCA; (iii) the discovery of zones of favourable arsenopyrite-bearing veins and breccias on projected fold limbs being likely to expand the size of previously recognized gold-bearing zones in the CCA; (iv) the timing of assay availability; and (v) the characteristics of the 3 Aces project being indicative of an orogenic gold project consistent in formation with other orogenic gold deposits in the vicinity and around the world, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory and program execution issues, the geology at the Project not conforming to the Company's model of it, the regional targets at the Project not conforming to the Company's model, the availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements.
ON BEHALF OF THE BOARD
"Rudi Fronk"
Chairman and C.E.O.
For further information please contact:
Rudi P. Fronk, Chairman and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219024
FAQ
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