(SA) announced its first mineral resource estimate for the Snip North deposit at its wholly owned Iskut Project in British Columbia’s Golden Triangle. The company reported an inferred mineral resource totaling 9.2 million ounces of , 28.3 million ounces of and 923 million pounds of .
The resource estimate encompasses 605.7 million tonnes at grades of 0.47 grams per tonne gold, 0.07% copper and 1.5 grams per tonne silver. The company stated the resource remains open in several directions.
The Iskut Project is being renamed the Bronson Corridor Project to reflect the mineralized belt along which the project’s deposits are located. Snip North represents the second deposit discovered at the project, joining the existing Bronson Slope deposit.
The resource estimate utilized 58 verified diamond drill holes completed between 2006 and 2025, with 47 holes drilled by Seabridge Gold and 11 by previous operators. The drilling yielded 27,935 unique assay intervals that were composited to 5-meter lengths.
Wood Canada Limited led the estimation and geostatistical analysis, with Moose Mountain Technical Services providing mining constraints and Tetra Tech Canada Inc. handling metallurgical recovery testing. All three firms are independent of Seabridge Gold.
The mineralization at Snip North is hosted by sedimentary and volcanoclastic rocks of the Triassic Stuhini Group. Metal grades are disseminated in stockwork veins and replacements of calcareous interbeds, with extensive potassic alteration characterized by biotite and K-feldspar.
“We are excited to have accomplished our goal of a robust maiden resource for Snip North,” said Rudi Fronk, Seabridge’s chair and CEO. “This resource estimate reminds us of our first estimate at KSM nearly 20 years ago.”
The mineral resource estimate is constrained by an open pit and underground long hole open stope shape. The company noted these constraining mining shapes are preliminary and require additional work to refine environmental and development considerations.
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