STOCK TITAN

Seabridge Gold Begins Drilling Snip North Discovery

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Seabridge Gold has initiated its 2025 drilling program at the Iskut Project in British Columbia's Golden Triangle, focusing on the Snip North discovery. The $13.4 million fully funded program employs three helicopter-portable drill rigs targeting at least 8,000 meters of core drilling. The primary objective is to develop a maiden copper-gold resource estimation at Snip North and explore potential porphyry targets along the district-scale Bronson Trend. The project connects the Quartz Rise, Bronson Slope, and Snip North occurrences, suggesting potential for multiple porphyry mineral systems. Located approximately 30 kilometers from Seabridge's KSM gold-copper district, the Iskut systems show similar scale characteristics, with strike lengths of thousands of meters and substantial width/depth dimensions.
Seabridge Gold ha avviato il programma di perforazione 2025 presso il progetto Iskut, situato nel Golden Triangle della British Columbia, concentrandosi sulla scoperta di Snip North. Il programma, completamente finanziato con 13,4 milioni di dollari, utilizza tre trivelle trasportabili via elicottero con l'obiettivo di effettuare almeno 8.000 metri di perforazioni a nucleo. L'obiettivo principale è sviluppare una prima stima delle risorse di rame-oro a Snip North ed esplorare potenziali obiettivi porfirici lungo la Bronson Trend, una zona di scala distrettuale. Il progetto collega le aree Quartz Rise, Bronson Slope e Snip North, suggerendo la presenza di più sistemi minerari porfirici. Situati a circa 30 chilometri dal distretto aurifero-rame KSM di Seabridge, i sistemi di Iskut mostrano caratteristiche di scala simili, con lunghezze di estensione di migliaia di metri e dimensioni significative in larghezza e profondità.
Seabridge Gold ha iniciado su programa de perforación 2025 en el Proyecto Iskut, ubicado en el Triángulo de Oro de Columbia Británica, centrado en el descubrimiento Snip North. El programa, completamente financiado con 13,4 millones de dólares, emplea tres equipos de perforación transportables en helicóptero para realizar al menos 8.000 metros de perforación con testigos. El objetivo principal es desarrollar una estimación inicial de recursos de cobre y oro en Snip North y explorar posibles objetivos de pórfidos a lo largo de la tendencia Bronson, de escala distrital. El proyecto conecta las ocurrencias de Quartz Rise, Bronson Slope y Snip North, sugiriendo la presencia de múltiples sistemas minerales de pórfido. Ubicados aproximadamente a 30 kilómetros del distrito de oro y cobre KSM de Seabridge, los sistemas de Iskut muestran características de escala similares, con longitudes de traza de miles de metros y dimensiones sustanciales en ancho y profundidad.
Seabridge Gold는 브리티시컬럼비아 골든 트라이앵글에 위치한 Iskut 프로젝트에서 2025년 시추 프로그램을 시작했으며, Snip North 발견 지역에 집중하고 있습니다. 1,340만 달러 전액 자금 지원을 받는 이 프로그램은 헬리콥터로 운반 가능한 3개의 시추 장비를 사용하여 최소 8,000미터의 핵심 시추를 목표로 합니다. 주요 목표는 Snip North에서 최초의 구리-금 자원 평가를 개발하고, 광역 규모의 Bronson 트렌드를 따라 잠재적인 포피리 광상 목표를 탐사하는 것입니다. 이 프로젝트는 Quartz Rise, Bronson Slope, Snip North 지역을 연결하며 다수의 포피리 광물 시스템 가능성을 시사합니다. Seabridge의 KSM 금-구리 지구에서 약 30킬로미터 떨어진 Iskut 시스템은 수천 미터에 이르는 주향 길이와 상당한 폭 및 깊이 차원을 가진 유사한 규모 특성을 보여줍니다.
Seabridge Gold a lancé son programme de forage 2025 sur le projet Iskut, situé dans le Golden Triangle de la Colombie-Britannique, en se concentrant sur la découverte de Snip North. Ce programme entièrement financé de 13,4 millions de dollars utilise trois foreuses transportables par hélicoptère, visant au moins 8 000 mètres de forage carotté. L'objectif principal est de développer une première estimation des ressources en cuivre et or à Snip North et d'explorer des cibles potentielles de porphyre le long de la tendance Bronson, à l'échelle du district. Le projet relie les occurrences de Quartz Rise, Bronson Slope et Snip North, suggérant la présence de plusieurs systèmes minéraux porphyriques. Situés à environ 30 kilomètres du district aurifère-cuivré KSM de Seabridge, les systèmes d'Iskut présentent des caractéristiques de taille similaires, avec des longueurs de plusieurs milliers de mètres et des dimensions importantes en largeur et en profondeur.
Seabridge Gold hat sein Bohrprogramm 2025 im Iskut-Projekt im Golden Triangle von British Columbia gestartet und konzentriert sich dabei auf die Entdeckung Snip North. Das vollständig mit 13,4 Millionen Dollar finanzierte Programm setzt drei hubschraubertransportable Bohranlagen ein, die mindestens 8.000 Meter Kernbohrungen anstreben. Das Hauptziel ist die Entwicklung einer ersten Kupfer-Gold-Ressourcenschätzung bei Snip North sowie die Erkundung potenzieller Porphyr-Ziele entlang des distriktweiten Bronson-Trends. Das Projekt verbindet die Vorkommen Quartz Rise, Bronson Slope und Snip North, was auf das Potenzial für mehrere porphyrische Mineralsysteme hinweist. Die Systeme bei Iskut liegen etwa 30 Kilometer vom Gold-Kupfer-Distrikt KSM von Seabridge entfernt und weisen ähnliche Größenmerkmale auf, mit Streckenlängen von mehreren tausend Metern sowie beträchtlichen Breiten- und Tiefenausmaßen.
Positive
  • 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
Negative
  • 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 $13.4 million fully funded exploration campaign. The company is deploying three helicopter-portable drill rigs with plans to complete at least 8,000 meters of core drilling aimed at two primary objectives: establishing a maiden resource estimation at Snip North and locating the copper-gold porphyry intrusive source.

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 $13.4 million investment demonstrates significant financial commitment to advancing this asset, which sits just 30 kilometers from the company's flagship KSM project. This proximity creates potential operational synergies that could enhance development economics if successful.

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 $13.4 million program will also evaluate other targets including a Cu-Au porphyry intrusive source for the anticipated maiden resource.

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 100% interest in several North American gold projects. Seabridge's principal assets, the KSM project, and its Iskut project located in British Columbia, Canada's "Golden Triangle", the Courageous Lake project is in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project set in the Yukon Territory. For a full breakdown of Seabridge's mineral reserves and mineral resources by category please visit the Company's website at http://www.seabridgegold.com.

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

FAQ

What is the main objective of Seabridge Gold's (SA) 2025 drilling program at Iskut?

The main objective is to delineate copper-gold porphyry mineralization at Snip North to develop a maiden resource estimation and evaluate other potential porphyry targets.

How much is Seabridge Gold (SA) investing in the 2025 Iskut drilling program?

Seabridge Gold is investing $13.4 million in a fully funded drilling program targeting at least 8,000 meters of core drilling.

Where is Seabridge Gold's (SA) Iskut Project located?

The Iskut Project is located in British Columbia's Golden Triangle, approximately 30 kilometers by air from Seabridge's KSM gold-copper district.

What is the Bronson Trend in Seabridge Gold's (SA) Iskut Project?

The Bronson Trend is a district-scale structural corridor that connects the Quartz Rise, Bronson Slope, and Snip North occurrences, containing multiple potential copper-gold porphyry targets.

How many drill rigs is Seabridge Gold (SA) using at the Iskut Project?

Seabridge Gold is employing three helicopter-portable drill rigs for the 2025 program at Iskut.
Seabridge

NYSE:SA

SA Rankings

SA Latest News

SA Stock Data

1.25B
87.29M
2.78%
64.75%
3.28%
Gold
Basic Materials
Link
Canada
Toronto