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June 10, 2014
12:24 EDTSASeabridge Gold says exploration has begun at KSM project
Earlier today, Seabridge Gold reported that exploration drilling has begun at its wholly-owned KSM project in Northwestern British Columbia, Canada. The primary focus of the program is to expand the 515M tonne inferred resource averaging 0.53% copper and 0.36 g/T gold found last year at Deep Kerr and also increase its average grade. The second objective is to test several more identified and highly prospective core zone targets which have the potential for large, high grade deposits similar to Deep Kerr, including the Iron Cap deposit at depth. Shares of Seabridge Gold are higher by almost 4% to $7.43 in midday trading.
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