JOHANNESBURG (miningweekly.com) – British Columbia-focused project developer Seabridge Gold expected to release a new resource estimate for its Deep Kerr deposit, in Northwestern British Columbia, Canada, during the first quarter of next year.
The company on Thursday noted it was confident that the results from the project’s 2014 exploration drilling campaign would support a substantial increase in Deep Kerr’s inferred resource, which currently stood at 515-million tonnes, grading 0.53% copper and 0.36 g/t of gold.
Seabridge chairperson and CEO Rudi Fronk said this year’s exploration programme was focused principally on expanding the Deep Kerr resource as well as expanding the company’s understanding of the resource’s limits and controls on mineralisation.
“It is clear from this programme that the resource model is robust, [as] it successfully predicts metal distribution. This year's drilling demonstrates that the Deep Kerr high-grade zones are controlled by primary fluid pathways within mineralising intrusions, an observation reflected in the high vein and fracture densities which are positive for higher grades. We have also determined that the depth and south limits remain open,” he commented.