Seabridge Gearing Up For Testing At Snowstorm
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Seabridge Gold (TSX: SEA; NYSE:SA) is in the final stages of determining targets for the first drill program on the Snowstorm project that the company bought in northern Nevada two years ago, officials said. Drilling is expected to begin before the end of the third quarter. The estimated 7,000-meter program will test for evidence of a Turquoise Ridge/Twin Creeks type of high-grade gold system in what officials said appears to be a continuation of the Getchell Trend, on which these successful deposits are found. Twin Creeks and Turquoise Ridge are located six and 15 kilometers southwest of Snowstorm, with Turquoise Ridge reporting remaining reserves of 9.1 million ounces grading 13 grams per tonne of gold and Twin Creeks 3.2 million ounces grading 1.9 g/t. “This type of system has been our top priority for exploration since acquiring Snowstorm in 2017,” said Rudi Fronk, chairman and chief executive officer. “Significant work remains to be done but we have made good progress in identifying the stratigraphic and structural hosts of a Getchell-style deposit at Snowstorm. Although this type of deposit has abundant gold, the occurrences are discreet and limited in size, making them challenging to drill. However, all the data suggests we are in the right neighborhood to make a discovery and the world-class nature of the target really excites us.”