Seabridge Gold


The Iskut Project was obtained with the closing of Seabridge’s acquisition of SnipGold Corp. in June, 2016. The property is located in northwestern British Columbia, about 110 km northwest of Stewart, BC and 30 km by air from Seabridge’s KSM Project. The Iskut property consists of a contiguous block of 100 BC Mineral Claims, 2 Mineral Leases and 13 Crown Grants covering 29,436 hectares (294 km2) situated in the Liard Mining Division.

The property includes the former high grade gold Johnny Mountain Mine and the copper-gold Bronson Slope deposit. Seabridge is reviewing past resource estimates for Iskut to determine what can be reported.

Current Programs:

In 2017, Seabridge completed its first exploration program on the Quartz Rise target on the Iskut Project. Ten core holes were completed totalling 4,459 meters.

Last year's drilling found evidence of a gold-bearing intermediate sulfidation epithermal system beneath the Quartz Rise lithocap as anticipated. Intercepts included 1.5 meters grading 8.26 g/T 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 very high grades ranging from 1.49 to 125.3 g/T gold. An economic source for these gold concentrations was not found in the 2017 drilling but the data acquired in the program defined a target which could account for these high grade results. A second exploration program is being planned for next year to pursue this target.

Last year's drilling was designed to test a graben feature discovered during surface work on the Quartz Rise lithocap. This graben appears to have constrained the most intense hydrothermal alteration in the area of the lithocap. Drilling focused on the southeastern portion of the graben. Further geophysical work completed at the end of the program suggests that a better target lies within the graben to the northwest. This year's work will include additional geophysical surveys and drilling along strike of this graben to the northwest. Drill tests will be orientated to optimize intersections with northeast structures and stratigraphic intervals which the 2017 program determined to be the most favorable for higher gold concentrations.

Iskut's similarities with KSM are persuasive and this knowledge should help zero in on the potential at Quartz Rise.

In conjunction with its exploration program, Seabridge is also undertaking environmental work to ensure compliance with existing authorizations and to begin remediation programs required to mitigate the impacts of historical mining activity. This program includes a comprehensive evaluation of best practices for remediation on the property drawing upon the Seabridge environmental team's experiences at KSM as well as engagement with the Tahltan First Nation and BC regulatory officials.