Seabridge Gold Reports Evidence for Major Discovery at KSM Project

Seabridge Gold SA today announced that results from the first three holes testing for a high-grade core zone below the Iron Cap deposit on its 100%-owned KSM project have found strong evidence to support the potential for a major discovery. Further drilling on this target is planned for next month. On August 12, 2013, Seabridge announced that it had discovered, and is now intensively drilling, a large core zone below the Kerr deposit, named the Deep Kerr. Drilling at Deep Kerr to date has generated wide intercepts containing approximately twice the per tonne metal value of KSM's proven and probable reserve.The KSM Project, located in north western British Columbia, Canada, contains one of the largest undeveloped gold and copper reserves in the world. Its composite intrusive complex hosts four large gold-copper porphyry deposits, including Iron Cap and Kerr, with direct genetic links to epithermal vein deposits including those owned by neighboring Pretium Resources. Iron Cap had been explored since 1991 by previous owners, focusing on surface mineralization and shallow drilling. They concluded that Iron Cap was the expression of a small epithermal vein system. Ongoing exploration since 2010 by Seabridge has See full press release