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Golden Triangle company reconsiders this year's exploration program

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(Kitco News) - Seabridge Gold (TSX:SEA) said Wednesday it is evaluating "whether or not it makes sense" to proceed with this year's exploration programs.

"This year's budget includes drill programs at our 100%-owned Iskut Project in British Columbia, Canada and at our 100%-owned Snowstorm project in Nevada, USA. We are evaluating whether or not it makes sense to proceed with these programs given the difficult operating requirements imposed by the virus and the need to protect our work crews," said the company in a statement.

The company said it will make a decision in May.

Delaying a year would not impact the company's obligations to its land holdings, added the company.

Seabridge claims one of the world's largest resource base of gold, copper and silver.

During the first nine months of 2019, the company made cash expenditures of $18.3 million at its KSM, Courageous Lake, Iskut, and Snowstorm projects.

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