Seabridge Gold (SA) gains on new resource estimate

Seabridge Gold

shares gained 3.5% to $6.51, after it announced that an updated independent mineral resource estimate for the Deep Kerr Deposit at its 100%-owned KSM Project in northwestern British Columbia, Canada now states an inferred resource of 782 million tonnes grading 0.54% copper and 0.33 g/T gold (8.2 million ounces of gold and 9.3 billion pounds of copper). In addition, the Company expects to announce the first resource estimate for the new Iron Cap Lower Zone shortly. Share volume was 35,000, compared to an all-day average of 188,000