Seabridge Gold Begins Drilling Snip North Discovery
- Fully funded $13.4 million drilling program with clear objectives
- Previous year's discovery provides clear direction for resource development
- Strategic location in Golden Triangle, near existing KSM gold-copper district
- Potential for multiple porphyry mineral systems along the Bronson Trend
- No current resource estimates available yet
- Exploration-stage project with inherent geological and operational risks
Insights
Seabridge Gold's $13.4M drilling program at Iskut aims to define a new copper-gold resource, potentially establishing a significant porphyry district.
Seabridge Gold has launched its 2025 drill program at the Iskut Project in British Columbia's Golden Triangle, following up on last year's Snip North discovery with a substantial
The program's strategic importance lies in its potential to confirm Seabridge's hypothesis that Iskut contains an entire porphyry district along the newly recognized "Bronson Trend" - a district-scale structural corridor connecting multiple high-potential targets including Quartz Rise, Bronson Slope, and Snip North. This systematic approach to resource development follows the company's successful 2024 program which provided clear direction on mineralization patterns.
What's particularly significant is the company's comparison of Iskut's potential systems to their nearby KSM deposits, which feature strike lengths of thousands of meters with width/depth dimensions of hundreds of meters. Management's confidence in establishing a maiden resource suggests the previous year's drilling results were promising enough to justify this substantial follow-up program. If successful, this work could substantially enhance Seabridge's resource portfolio beyond its current assets in British Columbia, Northwest Territories, Nevada, and Yukon.
Seabridge's aggressive $13.4M drilling program targets resource definition at a promising copper-gold discovery with district-scale potential.
Seabridge Gold's commencement of drilling at Iskut represents a critical transition from pure exploration to resource definition phase at its Snip North discovery. The
The drilling campaign's dual focus on resource delineation and porphyry source identification follows a classic approach to systematically de-risking and expanding a discovery. What stands out is the company's structural interpretation connecting multiple targets along the "Bronson Trend" - suggesting they've identified a controlling geological feature that could host multiple deposits, similar to other prolific districts in the Golden Triangle.
CEO Rudi Fronk's explicit comparison to KSM's dimensions is particularly noteworthy. KSM ranks among the world's largest undeveloped gold-copper projects with proven and probable reserves of 47.3 million ounces of gold and 7.3 billion pounds of copper. Even a fraction of this scale at Iskut would represent significant value creation for Seabridge shareholders.
The methodical progression from the 2024 discovery to this resource-focused program demonstrates disciplined capital allocation and geological understanding. Investors should monitor drilling results throughout 2025 for confirmation of tonnage, grade continuity, and metallurgical characteristics that will ultimately determine Snip North's economic viability within Seabridge's broader portfolio strategy.
Aims to develop maiden Cu-Au resource and test porphyry targets
Toronto, Ontario--(Newsfile Corp. - June 3, 2025) - Seabridge Gold (TSX: SEA) (NYSE: SA) reports today that the 2025 drill program at our Iskut Project has commenced and focuses on delineating the copper-gold porphyry mineralization discovered in our 2024 program. The Iskut Project is in the Golden Triangle of northwest B.C. about 30 kilometers by air from our KSM gold-copper district.
This season's program will again employ three helicopter-portable drill rigs and aims to complete at least 8,000 meters of core drilling to advance the Snip North discovery to a maiden resource estimation. This fully funded
Seabridge Chairman and CEO Rudi Fronk commented: "Last year's discovery at Snip North has given us clear direction on where to focus to deliver new resources in this year's program. That's our first priority. We are also targeting the source intrusion for this prospective resource which we expect to be rooted in a district-scale structural trend, named the Bronson Trend, containing newly recognized additional porphyry targets. The systems at Iskut are similar in size to our nearby KSM deposits which have strike lengths in the thousands of meters and width/depth dimensions of many hundreds of meters. We are optimistic that this year's work will confirm our view of the potential for an entire porphyry district which we had in mind when we acquired the Iskut project in 2016."
Regional geophysical surveys and surface geology have confirmed the district scale Bronson Trend that connects the Quartz Rise, Bronson Slope and Snip North occurrences. Substantial high-level expressions of Cu-Au porphyry systems fall along this regional structural corridor. Our efforts over the last several years have refined the potential for discovery of multiple porphyry targets embedded in this structure. Results from this year's Snip North program will be integrated into this understanding to guide our efforts to advance additional porphyry mineral systems at Iskut.
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 document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, interpretations, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the drilling that is planned to be completed in 2024 and its cost; (ii) the work to be performed providing the data to support the estimation of the anticipated maiden resource at Snip North; (iii) the potential for identifying the intrusive source of the copper-gold porphyries discovered at Snip North and this source being rooted in the Bronson Trend; and (iv) the potential for the Iskut Project to host multiple porphyry targets, or a porphyry district, along the Bronson Trend.
All forward-looking statements are based on Seabridge's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Forward-looking statements 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 Seabridge's plans or expectations include the risk that: (i) the geologic formations at the Iskut Project do not conform to the interpretations of data and the geologic models that are the foundations for such forward-looking statements; (ii) the identified structural trend not being indicative of the presence of multiple porphyry deposits; and (iii) the availability and cost of necessary equipment, supplies and personnel for the work programs, and other risks outlined in statements made by Seabridge from time to time in the filings made by Seabridge with securities regulators. Seabridge 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/254259