New Drill Results Confirm and Extend Seabridge Gold's KSM Project
2008年8月13日 - 9:30PM
Marketwired Canada
Seabridge Gold (TSX:SEA)(AMEX:SA) announced today the results of the first nine
drill holes from this summer's program at its 100% owned
Kerr-Sulphurets-Mitchell ("KSM") project, located near Stewart, British
Columbia, Canada. These first holes were primarily drilled on the eastern side
of the Mitchell zone to upgrade inferred resources and to explore for a possible
down-dip extension to the northeast. The infill drilling encountered better
grades and thicknesses than predicted by the resource model while the
exploration drilling found that better grades on the down-dip extension plunge
to the west.
Seabridge Gold President and CEO Rudi Fronk said that "our drill program is
confirming the accuracy of the Mitchell zone resource model and we expect these
results will enable us to upgrade inferred resources to the indicated category.
We have also found the down-dip extension of the higher-grade core, which
plunges to the northwest within the Mitchell zone. This discovery has important
implications for the KSM project."
To date, approximately 10,200 meters of drilling has been completed in 19 holes.
Assays have been received for the first nine holes totaling 5,558 meters. Of the
first nine, six were successful infill holes at Mitchell and three were
exploration holes looking for a higher-grade down-dip extension of Mitchell.
Assay results are as follows:
----------------------------------------------------------------------------
Drill Target Depth From To Length Gold Copper
Hole (m) (m) (m) (m) (gpt) (%)
----------------------------------------------------------------------------
M-08-61 Down-dip NE 748.0 3.4 748.0 744.6 0.52 0.10
----------------------------------------------------------------------------
M-08-62 Down-dip NE 11.0 120.0 109.0 0.64 0.13
945.0 ------------------------------------------
323.0 709.0 386.0 0.56 0.22
----------------------------------------------------------------------------
M-08-63 Infill 660.0 178.0 531.0 353.0 0.65 0.12
----------------------------------------------------------------------------
M-08-64 Infill 501.0 2.7 501.0 498.3 0.68 0.14
-------------------------------------------------
Incl. 31.0 401.0 370.0 0.80 0.16
----------------------------------------------------------------------------
M-08-65 Infill 657.0 4.0 657.0 653.0 0.77 0.24
-------------------------------------------------
Incl. 4.0 466.0 462.0 0.88 0.27
----------------------------------------------------------------------------
M-08-66 Infill 435.0 3.0 435.0 432.0 0.65 0.10
----------------------------------------------------------------------------
M-08-67 Down-dip 938.4 101.0 921.0 820.0 0.57 0.28
-------------------------------------------------
North Central Incl. 101.0 683.0 582.0 0.63 0.33
------------------------------------------
225.0 289.0 64.0 0.90 0.29
------------------------------------------
400.0 621.0 221.0 0.69 0.41
------------------------------------------
400.0 500.0 100.0 0.44 0.56
----------------------------------------------------------------------------
M-08-68 Infill 28.7 3.4 28.7 25.3 0.86 0.26
----------------------------------------------------------------------------
Drill hole abandoned due to poor ground conditions at pad site
----------------------------------------------------------------------------
M-08-69 Infill 645.0 1.2 645.0 643.8 0.75 0.21
-------------------------------------------------
1.2 269.0 267.8 0.99 0.27
Incl. ------------------------------------------
385.0 532.0 147.0 0.79 0.21
----------------------------------------------------------------------------
A discussion of these nine holes is as follows:
M-08-61: Drilled vertically on the northeast margin of the Mitchell deposit to
evaluate the potential for a northeast plunge. Hole shows intermittent zones of
Mitchell-style alteration. Entire length of hole found mineralization above
cut-off grade.
M-08-62: Collared at 010 degrees with an inclination of -85 degrees and about
300 meters west of M-08-61. Mitchell-style alteration and grades encountered in
upper part of hole. M-08-61 and 62 confirm that Mitchell higher-grade deposit
does not plunge to the northeast. Based on the results from M-08-67, we have
concluded that the higher-grade plunge is to the west.
M-08-63: Infill hole on eastern margin of deposit drilled at azimuth 190 degrees
and inclination of -65 degrees encountered predicted grade in resource model. A
successful upgrading of inferred resources to indicated is expected.
M-08-64: Infill hole on eastern margin of deposit drilled at azimuth 190 degrees
and inclination of -60 degrees confirmed better grades than those predicted in
resource model. A successful upgrading of inferred resources to indicated is
expected.
M-08-65: Infill drill hole in central part of Mitchell drilled at azimuth 190
degrees and inclination -65 degrees encountered alteration predicted by model
with higher copper grades and additional 100 meters of thickness in mineralized
zone. Results expected to upgrade inferred resources to indicated and add
additional tonnes.
M-08-66: Infill drill hole on eastern margin of deposit drilled at azimuth 010
degrees and inclination of -83 degrees encountered grades as predicted in
resource model. A successful upgrading of inferred resources to indicated is
expected.
M-08-67: Successful exploration test for down-dip, higher grade extension of
Mitchell zone to the west of M-08-61 and M-08-62. Northwest plunging geometry of
the Mitchell core confirmed. Plunging higher-grade core zone remains open to the
northwest, opening new opportunities for extension of deposit. Results confirm
gold and copper grades improving at depth over significant intervals. Scenarios
to exploit this higher grade core zone are being evaluated.
M-08-68: Infill hole in central part of Mitchell drilled at azimuth 190 degrees
and inclination -65 degrees was abandoned due to drill pad instability. An
alternative site will be selected to complete this hole. Short interval of
abandoned hole encountered grades and alteration predicted by resource model.
M-08-69: Infill hole in central part of Mitchell drilled at azimuth 005 degrees
and inclination -75 degrees encountered better than expected grade in upper 269
meters. A successful upgrading of inferred resources to indicated is expected.
Consistent gold and copper grades below 385 meters were unexpected indicating
past drilling was terminated short of this zone.
The KSM project represents one of the world's largest undeveloped gold/copper
projects. The following table summarizes NI 43-101 compliant mineral resources
for all three zones at the KSM project using a 0.50 gram per tonne (g/t) gold
equivalent cutoff grade (see news releases dated January 10, 2008 and February
20, 2008 for details):
KSM Mineral Resource Estimates at 0.50 g/t Equivalent Gold Cut-off Grade
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Indicated Mineral Resources
---------------------------------------------------------
Gold Copper
Zone Tonnes Gold Copper Ounces Pounds
(000) (g/t) (%) (000) (millions)
----------------------------------------------------------------------------
Mitchell 734,163 0.69 0.18 16,287 2,913
----------------------------------------------------------------------------
Kerr 206,272 0.25 0.45 1,651 2,037
----------------------------------------------------------------------------
Sulphurets 74,655 0.75 0.24 1,798 388
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total 1,015,090 0.61 0.24 19,736 5,338
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Inferred Mineral Resources
---------------------------------------------------------
Gold Copper
Zone Tonnes Gold Copper Ounces Pounds
(000) (g/t) (%) (000) (millions)
----------------------------------------------------------------------------
Mitchell 667,421 0.62 0.15 13,304 2,206
----------------------------------------------------------------------------
Kerr 51,387 0.21 0.45 352 506
----------------------------------------------------------------------------
Sulphurets 33,636 0.62 0.20 675 147
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total 752,444 0.59 0.18 14,331 2,859
----------------------------------------------------------------------------
Based on results of this year's and previous drilling, Seabridge believes that
the Mitchell zone is a continuously mineralized, moderately dipping, roughly
tabular gold-copper deposit measuring approximately 1,600 meters along strike,
1,200 meters down dip, and up to 800 meters thick.
Exploration activities at Kerr-Sulphurets are being conducted by Seabridge
personnel under the supervision of William E. Threlkeld, Senior Vice President
of Seabridge and a Qualified Person as defined by National Instrument 43-101. An
ongoing and rigorous quality control/quality assurance protocol is being
employed during the 2008 program including blank and reference standards in
every batch of assays. Cross-check analyses are being conducted at a second
external laboratory on 10% of the samples. Samples are being assayed at Eco Tech
Laboratory Ltd., Kamloops, B.C., using fire assay atomic adsorption methods for
gold and total digestion ICP methods for other elements.
Seabridge holds a 100% interest in several North American gold resource
projects. The Corporation's principal assets are the KSM property in British
Columbia, one of the world's largest undeveloped gold/copper projects, and the
Courageous Lake gold project located in Canada's Northwest Territories. For a
breakdown of the Corporation's mineral resources by project and resource
category please visit the Corporation's website at
http://www.seabridgegold.net/Resource.htm.
All resource estimates reported by the Corporation were calculated in accordance
with the Canadian National Instrument 43-101 and the Canadian Institute of
Mining and Metallurgy Classification system. These standards differ
significantly from the requirements of the U.S. Securities and Exchange
Commission. Mineral resources which are not mineral reserves do not have
demonstrated economic viability.
Statements relating to the estimated or expected future production and operating
results and costs and financial condition of Seabridge, planned work at the
Corporation's projects and the expected results of such work are forward-looking
statements within the meaning of the United States Private Securities Litigation
Reform Act of 1995. Forward-looking statements are statements that are not
historical facts and are generally, but not always, identified by words such as
the following: expects, plans, anticipates, believes, intends, estimates,
projects, assumes, potential and similar expressions. Forward-looking statements
also include reference to events or conditions that will, would, may, could or
should occur. Information concerning exploration results and mineral reserve and
resource estimates may also be deemed to be forward-looking statements, as it
constitutes a prediction of what might be found to be present when and if a
project is actually developed. These forward-looking statements are necessarily
based upon a number of estimates and assumptions that, while considered
reasonable at the time they are made, are inherently subject to a variety of
risks and uncertainties which could cause actual events or results to differ
materially from those reflected in the forward-looking statements, including,
without limitation: uncertainties related to raising sufficient financing to
fund the planned work in a timely manner and on acceptable terms; changes in
planned work resulting from logistical, technical or other factors; the
possibility that results of work will not fulfill projections/expectations and
realize the perceived potential of the Corporation's projects; uncertainties
involved in the interpretation of drilling results and other tests and the
estimation of gold reserves and resources; risk of accidents, equipment
breakdowns and labour disputes or other unanticipated difficulties or
interruptions; the possibility of environmental issues at the Corporation's
projects; the possibility of cost overruns or unanticipated expenses in work
programs; the need to obtain permits and comply with environmental laws and
regulations and other government requirements; fluctuations in the price of gold
and other risks and uncertainties, including those described in the
Corporation's Annual Information Form filed with SEDAR in Canada (available at
www.sedar.com) for the year ended December 31, 2007 and in the Corporation's
Annual Report Form 20-F filed with the U.S. Securities and Exchange Commission
on EDGAR (available at www.sec.gov/edgar.shtml).
Forward-looking statements are based on the beliefs, estimates and opinions of
the Corporation's management or its independent professional consultants on the
date the statements are made.
ON BEHALF OF THE BOARD
Rudi Fronk, President & C.E.O.
(TSXV:KSM)
過去 株価チャート
から 5 2024 まで 6 2024
(TSXV:KSM)
過去 株価チャート
から 6 2023 まで 6 2024
