Snowstorm Project Drill Campaign Mobilized

TORONTO - Seabridge Gold is finalizing plans for a follow-up drill program at its 100%-owned Snowstorm Project in Northern Nevada to begin later this month. Prior work has determined that the project, located 6 kilometers north of Twin Creeks and 15 kilometers northwest of Turquoise Ridge, has the permissive stratigraphic host rocks and structures found at these two successful gold mines. An initial four drill hole program, anticipated to be about 5,700 meters, will evaluate several newly defined structural features in the favorable Ordovician carbonate stratigraphy.

Rudi Fronk, Chairman and CEO, said, "In 2017, we acquired Snowstorm because we thought it was an excellent opportunity for the discovery of a Getchell-style high grade gold deposit. These occurrences are challenging to find because the targets are hidden under younger volcanic cover. Last year we confirmed that Snowstorm has the right stratigraphy and a continuation of the Getchell structural setting. This year we will follow the permissive stratigraphy into areas where it is intersected by structures which we think may have transported gold-bearing solutions."

Seabridge encountered the host Ordovician carbonate stratigraphy as predicted during the 2019 drilling campaign. These carbonate rocks are intercalated with basaltic tuff and sills characteristic of Getchell-style deposits. Additional magnetotelluric (MT) surveys by Seabridge extended the most promising setting east into a previously unexplored area. Results from the MT survey improved our understanding of the fault patterns and regional deformation style at Snowstorm.

The current program will test structural intersections between an interpreted shallow dipping fault plane and high-angle faults. Two holes are directed at the intersection of the shallow dipping fault and multiple northeast trending fault zones. A third hole will evaluate this structural intersection within thermally metamorphosed rocks adjacent to a Cretaceous intrusion. The last hole will test low resistivity anomalies on the hanging wall of the shallow dipping fault plane in the vicinity of northeast and northwest trending faults. These holes are designed to deliver definitive data on whether these structures provided pathways for gold-bearing fluids.