Announcement Date: 2023-01-17
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Seabridge Gold Inc.
Project name: 3 Aces
Location: Canada
Commodities: Gold,Arsenic
Highlight: Drilling results incl. 22.5m at 3.53g/t Au, 3755.00ppm As, from 145m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Canada… Seabridge Gold (TSX: SEA, NYSE:SA) announced today that drilling has been completed and assay results received from its limited 2022 drill program. The program commenced in mid-September after receiving a Class 4 Quartz Exploration Permit from the Yukon Government Department of Energy, Mines, and Resources for its 100% owned 3 Aces project. As one of the permit conditions requires that drilling cease each year at the end of October, only four holes were drilled. The limited program was designed to begin testing our 3-dimensional model around the Hearts zone and determine which structural settings would enable us to begin establishing an initial resource. One drill hole was used to confirm that gold-bearing structures are hosted within secondary aniticlinal folds and thrust faults as predicted by our model. The assays from this hole were highly rewarding, as expected. The three additional holes were used to test for controls on down dip extensions to the high grade. These holes determined that the gold-bearing structures are pronouced as they continue down plunge but only carry coherent high grades where they exhibit flexures that enhance permeability. Additionally, required upgrades were completed at the exploration camp, environmental monitoring programs were initiated, and ongoing rehabilitation and reclamation work was begun. These efforts were supported by First Nation contractors from Watson Lake and Ross River under difficult weather conditions and time constraints. This work has prepared the project for a much larger 2023 program
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