Seabridge: Quartz Rise Drilling 'Has All The Earmarks We Were Looking For'
Seabridge Gold (TSX: SEA; NYSE: SA) is upbeat about its first exploration program on the Quartz Rise target at the Iskut project in British Columbia. Ten core holes were completed this year totaling 4,459 meters, with the company citing evidence of a gold-bearing intermediate sulfidation epithermal system beneath the Quartz Rise lithocap. Intercepts included 1.5 meters grading 8.26 grams per tonne gold in QR-17-01 and 1.5 meters grading 74.1 g/t gold in QR-17-07. Sampling of a cliff face north of Quartz Rise returned grades ranging from 1.49 to 125.3 g/t gold. A second exploration program is being planned for next year. “The system at Quartz Rise has all the earmarks we were looking for and we think we have enhanced the potential for a significant discovery,” says Rudi Fronk, Seabridge chairman and chief executive officer. “Further geophysical work completed at the end of this year’s program suggests which part of the system should be targeted next year. Iskut’s similarities with KSM are persuasive and this knowledge should help us zero in on the potential at Quartz Rise.”