Seabridge Gold (TSX: SEA | NYSE: SA) reports that drilling has begun at its wholly-owned Iskut property in BC’s Golden Triangle. Initial work is focused on the Snip North target and will then expand to the Bronson Slope target.
The first drill has been mobilized to site, with two other drills to arrive in coming weeks. The 2023 Iskut programme plans to complete 12 to 15 drill holes exceeding 12,000m.
Regional geophysical surveys and surface geology continue to confirm a district scale structural feature that connects the Quartz Rise, Bronson Slope, and Snip North targets. All the recognized mineral occurrences are interpreted as high-level expressions of Cu-Au porphyry systems aligned along this regional structural trend.
An MT survey identified extensive sericite-pyrite alteration and Cu-Au geochemical anomalies by way of 32 previous shallow diamond core holes. Deeper drilling is planned to identify the source with the initial objective to complete 3,500m of drilling, which could then be expanded depending on results.
“At Snip North, we have extensive evidence of copper-gold mineralization in historical drilling and deep penetrating geophysical surveys. As the season matures and snow melts, we’ll move upslope, following a pronounced regional structural tend, to continue work below the Bronson Slope target,” commented Seabridge CEO and chairman, Rudi Fronk.
The main part of the 2023 programme will continue the drilling below the Bronson Slope resource which started last year and discovered a large, steeply plunging quartz-magnetite breccia pipe. The copper and gold concentrations within and on the margins of this pipe are evidence the source intrusion could host a significant mineral system.
“Our team is enthusiastic that both (of) these targets are new copper-gold rich porphyry systems. In addition, we think there is significant potential to expand the existing Bronson Slope mineral resource,” Fronk added.
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