Seabridge Gold Expands Iskut's Snip North Target and Prepares to Initiate Resource Definition Drilling in 2025
Seabridge Gold (NYSE: SA) has announced significant drilling results from its Iskut project's Snip North target in BC's Golden Triangle. The company reported that six remaining holes from the 2024 drill program continued to define extensive copper and gold mineralization, with continuous mineralization now recognized across a 2,000-meter strike length and a 600-meter dip projection.
Notable results include Hole SN-24-19 intersecting 382m of 0.45 gpt Au and 0.15% Cu. The mineralization comprises two distinct styles: a high-temperature potassic Cu-Au domain and an Au-Ag domain indicative of a lower temperature intermediate sulphidation epithermal system. The company plans to initiate resource definition drilling in 2025, focusing on delineating a mineral resource and targeting the intrusive source of the mineral system.
Seabridge Gold (NYSE: SA) ha annunciato risultati significativi di perforazione dal target Snip North del suo progetto Iskut, situato nel Golden Triangle della Columbia Britannica. L'azienda ha riportato che sei pozzi rimanenti del programma di perforazione del 2024 hanno continuato a definire una vasta mineralizzazione di rame e oro, con una mineralizzazione continua ora riconosciuta su un tratto di 2.000 metri e una proiezione di 600 metri in profondità.
I risultati notevoli includono il Pozzo SN-24-19, che ha intersecato 382 metri con 0,45 gpt Au e 0,15% Cu. La mineralizzazione comprende due stili distintivi: un dominio potassico Cu-Au ad alta temperatura e un dominio Au-Ag indicativo di un sistema epithermale a solfidi intermedi a temperature più basse. L'azienda prevede di avviare la perforazione per la definizione delle risorse nel 2025, concentrandosi sulla delinea della risorsa minerale e mirando alla fonte intrusiva del sistema minerale.
Seabridge Gold (NYSE: SA) ha anunciado resultados significativos de perforación del objetivo Snip North de su proyecto Iskut en el Triángulo Dorado de BC. La compañía informó que seis pozos restantes del programa de perforación de 2024 continuaron definiendo una extensa mineralización de cobre y oro, con mineralización continua ahora reconocida en un largo de 2,000 metros y una proyección de 600 metros hacia abajo.
Los resultados notables incluyen el Pozo SN-24-19, que intersectó 382 m con 0.45 gpt Au y 0.15% Cu. La mineralización comprende dos estilos distintos: un dominio potásico Cu-Au de alta temperatura y un dominio Au-Ag indicativo de un sistema epithermal de sulfuros intermedios a menor temperatura. La compañía planea iniciar la perforación para la definición de recursos en 2025, enfocándose en delinear un recurso mineral y apuntando a la fuente intrusiva del sistema mineral.
Seabridge Gold (NYSE: SA)는 BC의 Golden Triangle에 위치한 Iskut 프로젝트의 Snip North 목표에서 중요한 시추 결과를 발표했습니다. 이 회사는 2024년 시추 프로그램에서 남은 6개 구멍이 구리와 금의 광물이 광범위하게 분포되어 있음을 계속해서 정의했으며, 현재 2,000미터의 스트라이크 길이와 600미터의 경사진 투영을 가진 연속적인 광물이 확인되었다고 보고했습니다.
주목할 만한 결과로는 구멍 SN-24-19에서 0.45 gpt Au 및 0.15% Cu가 포함된 382m가 교차했습니다. 이 광물화는 고온의 칼륨 Cu-Au 도메인과 더 낮은 온도의 중간 황화 시스템을 나타내는 Au-Ag 도메인 두 가지 뚜렷한 스타일로 구성됩니다. 회사는 2025년에 자원 정의 시추를 시작할 계획이며, 광물 자원을 지정하고 광물 시스템의 매립 소스를 목표로 할 것입니다.
Seabridge Gold (NYSE: SA) a annoncé des résultats de forage significatifs pour son projet Iskut, cible Snip North, dans le Golden Triangle de la Colombie-Britannique. La société a rapporté que six trous restants du programme de forage 2024 ont continué à définir une vaste minéralisation de cuivre et d'or, avec une minéralisation continue maintenant reconnue sur une longueur de 2 000 mètres et une projection de 600 mètres en profondeur.
Des résultats notables incluent le trou SN-24-19 qui a croisé 382 mètres de 0,45 gpt Au et 0,15 % Cu. La minéralisation comprend deux styles distincts : un domaine Cu-Au potassique à haute température et un domaine Au-Ag indicatif d'un système épithermal à sulfidation intermédiaire à température plus basse. La société prévoit de commencer le forage de définition des ressources en 2025, en se concentrant sur la délimitation d'une ressource minérale et en visant la source intrusive du système minéral.
Seabridge Gold (NYSE: SA) hat bedeutende Bohrergebnisse von seinem Snip North-Ziel des Iskut-Projekts im Golden Triangle von BC bekannt gegeben. Das Unternehmen berichtete, dass sechs verbleibende Löcher aus dem Bohrprogramm 2024 weiterhin umfangreiche Kupfer- und Goldmineralisierung definieren, wobei die kontinuierliche Mineralisierung jetzt über eine 2000-Meter-Länge und eine 600-Meter-Tauchprojektion erkannt wird.
Bemerkenswerte Ergebnisse umfassen Loch SN-24-19, das 382 m mit 0,45 gpt Au und 0,15% Cu durchschnitten hat. Die Mineralisierung umfasst zwei unterschiedliche Stile: ein hochtemperaturiges, kaliumhaltiges Cu-Au-Domäne und eine Au-Ag-Domäne, die auf ein niedrigtemperaturiges intermediäres Sulfidationssystem hinweist. Das Unternehmen plant, 2025 mit der Bohrung zur Ressourcenbestimmung zu beginnen, um eine Mineralressource zu umreißen und die intrusive Quelle des Mineralsystems ins Visier zu nehmen.
- Extensive mineralization discovered across 2,000-meter strike length and 600-meter dip projection
- Significant drill results with hole SN-24-19 showing 382m of 0.45 gpt Au and 0.15% Cu
- Discovery remains open down dip to the West and Northwest, indicating expansion potential
- Resource definition drilling not yet initiated, pushing potential resource estimate to 2025 or later
- Intrusive source of the mineral system still not found
Insights
The latest drill results from Seabridge Gold's Iskut project reveal substantial mineralization at the Snip North target. The standout intersection in hole SN-24-19 showing 382m of 0.45 g/t Au and 0.15% Cu demonstrates significant scale potential. The mineralization's 2,000-meter strike length and 600-meter dip projection suggest a major system. The presence of both high-temperature potassic Cu-Au and intermediate sulphidation epithermal Au-Ag domains indicates a well-developed mineral system with multiple mineralization events. The alteration assemblages and vein characteristics strongly suggest proximity to a porphyry center, which historically can host substantial ore bodies.
The transition to resource definition drilling in 2025 marks a important advancement phase for the Snip North project. The consistent mineralization across broad widths and multiple holes provides a solid foundation for resource estimation. Notable intercepts like 478m of 0.50 g/t Au and 0.10% Cu in hole SN-24-18 demonstrate bulk tonnage potential. The geological understanding gained from the dual mineralization styles will be instrumental in optimizing the upcoming resource definition program. For context, these grades and widths are comparable to several operating porphyry mines in British Columbia's Golden Triangle, suggesting economic potential if sufficient tonnage is defined.
From a market perspective, these results strengthen Seabridge's asset portfolio. The discovery of a new mineralized system near existing infrastructure in the Golden Triangle could significantly impact the company's valuation. The systematic approach to exploration, including AI-supported targeting, suggests efficient resource deployment. The planned progression to resource definition drilling in 2025 provides a clear catalyst timeline for investors. The project's location in British Columbia's Golden Triangle, known for large-scale mining operations, adds strategic value given the existing infrastructure and permitting framework in the region.
Hole SN-24-19 intersects 382m of 0.45 gpt Au and
Toronto, Ontario--(Newsfile Corp. - January 21, 2025) - Seabridge Gold (TSX: SEA) (NYSE: SA) today announced the remaining results at Snip North from the 2024 drill program on our Iskut project in BC's Golden Triangle. The six remaining holes continued to define copper and gold mineralization over extensive widths. Continuous mineralization is now recognized across a strike length of approximately 2,000 meters and a dip projection of at least 600 meters (see here). Two distinct styles of mineralization are represented: a high-temperature potassic Cu-Au domain interpreted as proximal to an intrusive source; and an Au-Ag domain indicative of a lower temperature intermediate sulphidation epithermal system.
Seabridge Chairman and CEO Rudi Fronk commented: "We have defined a large, intense and extensive hydrothermal system that remains open down dip to the West and Northwest. This discovery will be our key exploration focus in 2025, working to delineate a mineral resource as quickly as practical. Our excitement for this discovery is enhanced by the fact that we have not yet found the intrusive source of the mineral system discovered last year. Our expectation is that building resources on Snip North in 2025 will provide critical knowledge transferable elsewhere on the Iskut Property where we see multiple centers with potential for additional discoveries of Cu-Au porphyry systems."
Mineralization at Snip North is hosted in Triassic Stuhini age volcanic rock and greywacke. Potassic alteration in these rocks is represented by extensive hydrothermal biotite, magnetite and potassium feldspar. Narrow quartz and quartz-magnetite veins with pyrite and chalcopyrite are abundant in this domain. These veins are enveloped by fine grained biotite and magnetite. The characteristics of this alteration and mineral assemblage are consistent with the central and high temperature portions of a Cu-Au porphyry. Although the intervals encountered are part of a stratigraphic package, the intensity and grade profile indicate proximity to the source intrusion.
A second mineralized domain in the same sedimentary rocks surrounds or overlaps the potassic alteration and is dominated by quartz-sericite-pyrite. This domain contains higher grade Au mineralization which has been intersected across a corridor with a strike of over 1,400 meters. The sericite dominant alteration locally overprints earlier events and is generally texturally destructive, creating a foliated rock. Muscovite and other white mica species are characteristic of this domain along with foliation-parallel quartz-carbonate veins. Disseminated and narrow veinlets of sulfide minerals are common with abundant pyrite and minor chalcopyrite and molybdenite in this domain.
2024 Drill Hole Assay Results for Snip North Target, Iskut Project
| Hole ID | Hole Depth (meters) | From (meters) | To (meters) | Interval (meters) | Gold (gpt) | Copper (%) | Silver (gpt) | Moly (ppm) | |||
| SN-24-09 | 698.7 | 14.6 | 248.6 | 234.0 | 0.61 | 0.16 | 1.3 | 79 | |||
| SN-24-14 | 787.7 | 73.6 | 378.0 | 304.5 | 0.40 | 0.08 | 1.7 | 53 | |||
| SN-24-15 | 1260.0 | 3.3 | 323.7 | 320.4 | 0.48 | 0.09 | 1.1 | 89 | |||
| including | 34.0 | 124.0 | 90.0 | 0.76 | 0.13 | 1.4 | 55 | ||||
| SN-24-16 | 841.0 | 499.0 | 841.0 | 342.0 | 0.42 | 0.05 | 1.2 | 19 | |||
| SN-24-19 | 1226.4 | 18.0 | 400.0 | 382.0 | 0.45 | 0.15 | 5.2 | 63 | |||
| SN-24-23 | 1300.0 | 94.0 | 281.1 | 187.1 | 0.33 | 0.18 | 1.3 | 99 | |||
| and | 294.0 | 414.0 | 120.0 | 0.13 | 0.11 | 0.9 | 135 | ||||
| Previously released holes | |||||||||||
| SN-24-17 | 1129.8 | 373.0 | 675.9 | 302.9 | 0.80 | 0.10 | 3.0 | 52 | |||
| Including | 595.0 | 650.0 | 55.0 | 1.10 | 0.10 | 1.0 | 14 | ||||
| SN-24-18 | 1228.0 | 86.5 | 564.5 | 478.0 | 0.50 | 0.10 | 1.5 | 84 | |||
| Including | 233.5 | 282.6 | 49.1 | 0.80 | 0.20 | 2.5 | 60 | ||||
| Including | 326.1 | 419.0 | 92.9 | 0.70 | 0.30 | 2.2 | 186 | ||||
| Including | 484.0 | 506.0 | 22.0 | 1.00 | 0.30 | 2.2 | 120 | ||||
| SN-24-20 | 1061.7 | 124.5 | 656.0 | 531.5 | 0.50 | 0.10 | 1.2 | 69 | |||
| Including | 363.0 | 612.0 | 249.0 | 0.50 | 0.20 | 1.6 | 120 | ||||
| Including | 410.0 | 546.0 | 136.0 | 0.70 | 0.20 | 1.7 | 163 | ||||
True thickness of these intervals is not known; additional drilling is required to attain an understanding of true width. Assay precision in all Seabridge exploration drilling is provided by the systematic insertion of certified standards, blanks and duplicate samples consistent with industry standards. Core is sawn in half at site with one half retained in boxes and one half bagged and shipped off-site using a commercial carrier. Samples are delivered to ALS Canada in North Vancouver, BC where they are processed and assayed for gold by FA-AA and 34 element ICP-AES following a 4-acid digestion.
A 2025 program is under development to infill drill the currently defined mineralization and target the intrusive source for the system. Successful completion of this next stage program will be a critical step towards advancing the Snip North target to a mineral resource estimate. Extensive work has been undertaken and is ongoing to collate and interpret the Snip North dataset including structural and geochemical modelling. These models are being integrated with the geophysical dataset in an analysis supported by AI to further refine exploration vectors and improve targeting.
The contents of this release have been reviewed and approved by William Threlkeld PGeo, Senior Vice President of the company and a qualified person under NI43-101. Seabridge holds a
About Seabridge Gold
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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 style of mineralization described as a high-temperature potassic Cu-Au domain being interpreted as proximal to an intrusive source; (ii) the ability to build a mineral resource estimate at Snip North; and (iii) the transferability of the data obtained in building the mineral resource estimate to other targets on the Iskut Project and potential for using this data to make additional discoveries of Cu-Au porphyry systems at the Iskut Project.
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 applicability of the data from Snip North to other mineralized systems at the Iskut Project, 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 & 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/237887
FAQ
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