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Seabridge Expands Camp Zone High Grade Gold Deposit at KSM

Seabridge Expands Camp Zone High Grade Gold Deposit at KSM 
TORONTO, CANADA -- (Marketwire) -- 01/16/13 -- Seabridge Gold
(TSX:SEA)(NYSE:SA) announced today results from the final 10
exploration holes drilled last summer on the newly discovered Camp
Zone at its 100%-owned KSM Project in northwestern British Columbia.
The new results include 10 intercepts above 10 grams of gold per
tonne, confirming the high grade nature of this deposit which is
favorably located at low altitude near planned infrastructure. 
The Camp Zone was discovered last summer while systematically testing
numerous geophysical targets and geological concepts with potential
for higher copper and gold grades (see news release of September 5,
2012 at www.seabridgegold.net/News/Article/390/). Once the discovery
was made, the 2012 Camp Zone drill program focused on expanding the
lateral size of the deposit with relatively shallow holes which
extended the strike continuity to 1500 meters. The deposit remains
open in all directions. Results from this first program suggest that
drilling to date may be high in the system with possible better
grades below. The 2013 program will therefore focus on the potential
for bonanza grades at depth. 
The Camp Zone discovery is interpreted as an epithermal style gold
occurrence containing significant widths of gold grades well above,
and copper grades markedly below, the average for KSM's proven and
probable reserves. The Camp Zone appears to be chemically similar to
Pretium's neighboring Brucejack deposit and may be a structurally
preserved portion of the upper part of the gold-copper porphyry
mineral system which was not expected to be present on the KSM
property. Mineralized zones are hosted in intermediate volcanic rocks
and seem to represent multiple structural corridors with intensive
hydrothermal alteration and crack-seal style veins. Hydrothermal
alteration is characterized by silica-carbonate-clay composition
containing stockwork veins and discrete chalcodonic or banded
quartz-carbonate or quartz-adularia veins; sphalerite, galena and
barite are often associated with local visible gold and electrum.
Geochemically, the zone is depleted in copper, elevated in zinc and
lead with a variable but generally low silver-to-gold ratio.
Textural, mineralogical
 and chemical characteristics are consistent
with a low-sulfidation epithermal system but additional
investigations will help refine this interpretation. 
Seabridge Chairman and CEO Rudi Fronk said: "We continue to be
encouraged by this new discovery which appears to have the potential
grade and size to make a significant contribution to KSM's already
robust economics. Although it is very early in the discovery process,
this deposit may open up new options for developing KSM. Our $15
million exploration program for 2013 is designed to enhance our
understanding of the Camp Zone while also pursuing several highly
prospective copper-gold core zone targets." 
Final assay results from holes drilled in 2012 at the Camp Zone are: 


 
----------------------------------------------------------------------------
                                                                      Silver
                Total                                  Gold Grade      Grade
                Depth       From         To  Thickness (grams per (grams per
Hole ID      (meters)   (meters)   (meters)   (meters)     tonne)     tonne)
----------------------------------------------------------------------------
C-12-04         546.0      161.0      168.5        7.5       2.40        5.3
            including      167.0      168.5        1.5      10.20       23.1
                           327.5      336.5        9.0       2.55       12.4
                           344.0      348.5        4.5       2.47        7.3
                           353.0      375.5       22.5       3.02       12.0
            including      357.5      360.5        3.0      16.29       53.5
----------------------------------------------------------------------------
C-12-05         144.0       26.5       28.5        2.0       2.48        7.2
----------------------------------------------------------------------------
C-12-06         600.3      263.5      264.7        1.2      10.25      170.0
                           324.0      325.5        1.5       6.65        3.8
                           358.5      376.5       18.0       3.15        7.7
            including      375.0      376.5        1.5      28.70       23.5
                           456.7      477.0       20.3       1.49        8.7
            including      458.0      458.6        0.6      16.85       48.2
                           494.3      522.8       28.5       1.93        2.6
            including      510.7      511.2        0.5      11.95        2.5
----------------------------------------------------------------------------
C-12-07         497.3      191.0      272.0       81.0       1.42        8.9
                           445.0      481.0       36.0       1.33        1.5
----------------------------------------------------------------------------
C-12-08         447.0       39.5       52.0       12.5       0.79        5.3
            including       51.5       52.0        0.5      10.65       64.7
                           154.0      184.9       30.9       1.77        5.0
                           259.5      262.5        3.0       1.48        6.0
                           268.5      284.5       16.0       1.18        4.1
                           367.2      381.5       14.3       1.04        2.3
----------------------------------------------------------------------------
C-12-09         494.7      190.8      193.1        2.3       3.45        7.8
            including      192.6      193.1        0.5      13.40       23.0
                           449.0      450.2        1.2       1.43        0.6
----------------------------------------------------------------------------
C-12-10                    138.0      144.7        6.7       1.25        4.6
                600.3      249.0      257.0        8.0       1.03        2.4
                           532.6      556.0       23.4       1.27        3.5
                           596.8      600.3        3.5       8.83        9.1
----------------------------------------------------------------------------
C-12-11         396.0      102.1      102.7        0.6       8.50      494.0
                           181.0      185.0        4.0       1.12        3.3
                           200.0      206.5        6.5       6.61        3.4
            including      200.0      201.5        1.5      27.50        5.9
                           326.0      329.6        3.6       1.28        0.4
----------------------------------------------------------------------------
C-12-12         310.0       69.0      108.2       39.2       2.23       10.6
----------------------------------------------------------------------------
C-12-13         615.5      224.8      227.5        2.7       3.15        4.1
                           495.1      515.7       20.6       1.14        1.5
                           546.7      569.3       22.6       1.86        0.8
            including      565.4      567.3        1.9       9.82        2.1
                           613.0      615.3        2.3       1.12        9.6
----------------------------------------------------------------------------

 
Drill holes C-12-04 and C-12-05 were drilled across the intersections
previously reported in C-12-03 in order to establish the orientation
of mineral zones a
nd consequently do not represent true widths of the
mineralized zones. Drill holes C-12-04 and C-12-05 confirmed a
north-south strike direction for the precious metal-bearing zones
with a moderate dip to the west. The subsequent drill holes reported
above were oriented to cross the mineralized target zones at right
angles and their intercepts are believed to approximate true widths. 
Exploration activities at KSM are being conducted by Seabridge
personnel under the supervision of William E. Threlkeld, Senior Vice
President of Seabridge and a Qualified Person as defined by National
Instrument 43-101. Mr. Threlkeld has reviewed and approved this news
release. An ongoing and rigorous quality control/quality assurance
protocol is being employed during the 2012 program including blank
and reference standards in every batch of assays. Cross-check
analyses are being conducted at a second external laboratory on 10%
of the samples. Samples are being assayed using fire assay atomic
adsorption methods for gold and total digestion ICP methods for other
elements. 
To view the map associated with this press release, please visit the
following link: http://media3.marketwire.com/docs/sea0116map.pdf. 
Seabridge holds a 100% interest in several North American gold
resource projects. The Company's principal assets are the KSM
property located near Stewart, British Columbia, Canada and the
Courageous Lake gold project located in Canada's Northwest
Territories. For a breakdown of Seabridge's mineral reserves and
resources by project and category please visit the Company's website
at http://www.seabridgegold.net/resources.php. 
All reserve and resource estimates reported by the Corporation were
calculated in accordance with the Canadian National Instrument 43-101
and the Canadian Institute of Mining and Metallurgy Classification
system. These standards differ significantly from the requirements of
the U.S. Securities and Exchange Commission. Mineral resources which
are not mineral reserves do not have demonstrated economic viability. 
This document contains "forward-looking information" within the
meaning of Canadian securities legislation and "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995. This information and these
statements, referred to herein as "forward-looking statements" are
made as of the date of this document. Forward-looking statements
relate to future events or future performance and reflect current
estimates, predictions, expectations or beliefs regarding future
events and include, but are not limited to, statements with respect
to: (i) the accuracy and potential significance of exploration
results, including interpretation of these results and whether a zone
can make a significant contribution to KSM's economics, and the
anticipated completion of drilling and other exploration programs;
(ii) the estimated amount and grade of mineral reserves and mineral
resources; (iii) estimates of the capital costs of constructing mine
facilities and bringing a mine into production, including financing
payback periods; (iv) the amount of future production; (v) estimates
of operating costs, net cash flow and economic returns from an
operating mine; (vi) submission of an Environmental Impact Statement
and permit applications for KSM and the timing thereof; and (vii) the
prospect of obtaining necessary permits and proceeding with the
construction and operation of a mine and the value of such a venture
to Seabridge Gold shareholders. Any statements that express or
involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives or future events or
performance (often, but not always, using words or phrases such as
"expects", "anticipates", "plans", "projects", "estimates",
"envisages", "assumes", "intends", "strategy", "goals", "objectives"
or variations thereof or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur or
be achieved, or the negative of any of these terms and similar
expressions) are not statements of historical fact and may be
forward-looking statements. 
All forward-looking statements are based on Seabridge's or its
consultants' current beliefs as well as various assumptions made by
them and information currently available to them. These assumptions
include: (i) the presence of and continuity of metals at the Project
at modeled grades; (ii) the capacities of various machinery and
equipment; (iii) the availability of personnel, machinery and
equipment at estimated prices; (iv) exchange rates; (v) metals sales
prices; (vi) appropriate discount rates; (vii) tax rates and royalty
rates applicable to the proposed mining operation; (viii) financing
structure and costs; (ix) anticipated mining losses and dilution; (x)
metallurgical performance; (xi) reasonable contingency requirements;
(xii) success in realizing proposed operations; (xiii) receipt of
regulatory approvals on acceptable terms, including the necessary
right of way for the proposed tunnels; and (xiv) the negotiation of
satisfactory terms with impacted Treaty and First Nations groups.
Although management considers these assumptions to be reasonable
based on information currently available to it, they may prove to be
incorrect. Many forward-looking statements are made assuming the
correctness of other forward-looking statements, such as statements
of net present value and internal rates of return, which are based on
most of the other forward-looking statements and assumptions herein.
The cost information is also prepared using current values, but the
time for incurring the costs will be in the future and it is assumed
costs will remain stable over the relevant period. 
By their very nature, forward-looking statements involve inherent
risks and uncertainties, both general and specific, and risks exist
that estimates, forecasts, projections and other forward-looking
statements will not be achieved or that assumptions do not reflect
future experience. We caution readers not to place undue reliance on
these forward-looking statements as a number of important factors
could cause the actual outcomes to differ materially from the
beliefs, plans, objectives, expectations, anticipations, estimates
assumptions and intentions expressed in such forward-looking
statements. These risk factors may be generally stated as the risk
that the assumptions and estimates expressed above do not occur, but
specifically include, without limitation: risks relating to
variations in the mineral content within the material identified as
mineral reserves or mineral resources from that predicted; variations
in rates of recovery and extraction; developments in world metals
markets; risks relating to fluctuations in the Canadian dollar
relative to the US dollar; increases in the estimated capital and
operating costs or unanticipated costs; difficulties attracting the
necessary work force; increases in financing costs or adverse changes
to the terms of available financing, if any; tax rates or royalties
being greater than assumed; changes in development or mining plans
due to changes in logistical, technical or other factors; changes in
project parameters as plans continue to be refined; risks relating to
receipt of regulatory approvals or settlement of an agreement with
impacted First Natio
ns groups; the effects of competition in the
markets in which Seabridge operates; operational and infrastructure
risks and the additional risks described in Seabridge's Annual
Information Form filed with SEDAR in Canada (available at
www.sedar.com) for the year ended December 31, 2011 and in the
Corporation's Annual Report Form 40-F filed with the U.S. Securities
and Exchange Commission on EDGAR (available at
www.sec.gov/edgar.shtml). Seabridge cautions that the foregoing list
of factors that may affect future results is not exhaustive. 
When relying on our forward-looking statements to make decisions with
respect to Seabridge, investors and others should carefully consider
the foregoing factors and other uncertainties and potential events.
Seabridge does not undertake to update any forward-looking statement,
whether written or oral, that may be made from time to time by
Seabridge or on our behalf, except as required by law. 
ON BEHALF OF THE BOARD  
Rudi Fronk, Chairman & CEO
Contacts:
Seabridge Gold Inc.
Rudi P. Fronk
Chairman and CEO
(416) 367-9292
(416) 367-2711 (FAX)
info@seabridgegold.net
www.seabridgegold.net
 
 
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