Seabridge Discovers Large, Higher-Grade Copper-Gold Core Zone at KSM

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Seabridge Gold
SA
announced today that it has discovered a very large, higher-grade core zone at Deep Kerr on its 100%-owned KSM project in northwestern British Columbia, Canada. Sitting down dip and in part continuous from the Kerr deposit, Deep Kerr is reporting significant mineralized intervals containing total metal values per tonne that are approximately two times KSM's proven and probable reserve average, with some intervals exceeding 1.0% copper and gold grades as high as 1.7 grams per tonne (g/T). Aggressive drilling with five large core rigs continues. Three of this year's drill targets were selected as potential core zone targets – Deep Kerr, Mcquillan and Iron Cap. Seabridge Chairman and CEO Rudi Fronk noted that a core zone discovery at Deep Kerr was the primary objective of this year's program. “KSM is already a very large project with excellent capital efficiency thanks to more than 50 years of reserves which are economic even at today's lower metal prices. However, higher grades at Deep Kerr should help offset KSM's large upfront capital costs, making the project more attractive to a possible joint-venture partner. The grades we are finding at Deep Kerr are exceptional and the size is highly significant. Conceptually, we believe that Deep Kerr could be exploited cost effectively from the Sulphurets valley floor. In our view, this discovery and the stability of operating in BC will appeal to both major base metal companies and large gold producers,” he said. Fronk noted that the Deep Kerr discovery proves once again that Seabridge's team of geologists is as good as any in the business. “We challenged our team to improve KSM and they have certainly done so. What's more, they think that the best core zone at KSM has yet to be found--they have two more targets they plan to explore this year. However, the first priority is to infill at Deep Kerr this summer, enabling us to estimate an initial resource later this year.”
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